Trader Associate Portfolio Manager Fixed Income

$92,114 - $156,880/Yr

Royal Bank of Canada - Beverly Hills, CA

Full-time - Mid Level

Beverly Hills, CA

Credit Intermediation and Related Activities

About the position

The Trader Associate Portfolio Manager for Fixed Income at City National Bank is primarily responsible for executing buy and sell orders for corporate and municipal bonds in both secondary and primary markets. This role involves managing trades within a model strategy that targets specific durations, ensuring effective communication with portfolio management teams, and maintaining compliance with regulations. The position also requires monitoring market conditions and technical trading trends to optimize investment strategies.

Responsibilities

• Execute buy and sell orders for corporate and municipal bonds in secondary and primary markets.
• Determine and implement appropriate trades consistent with client and strategy objectives.
• Communicate with broker/dealers via phone, Bloomberg, and electronic trading platforms to buy and sell fixed income securities.
• Develop and maintain dealer relationships to optimize deal access and execution.
• Review orders for accuracy and compliance with regulations.
• Evaluate market volatility to ensure clients receive the best rates available.
• Monitor technical trading trends and report to the fixed income team.
• Interface with research and investment teams to reflect City National Rochdale's strategy in portfolios.
• Manage cash flow, coupon, and maturity reinvestment and liquidity requirements.
• Maintain compliance and continuing education requirements for licenses and certifications.

Requirements

• Bachelor's Degree or equivalent.
• Minimum 3 years' experience in the fixed income markets.
• Strong technology background and agility.
• Demonstrated self-motivation and emotional intelligence.
• Excellent analytical skills and understanding of the economy and market conditions.
• Knowledge of Bloomberg and other financial market platforms (e.g., MarketAxess).
• Strong communication skills and ability to work in a team environment.
• Ability to effectively articulate the CNR investment philosophy to internal constituents.
• Ability to plan, organize, and prioritize tasks.
• Interest in pursuing MBA and/or CFA certification.
• Series 7 and 66 or ability to obtain.

Nice-to-haves

• Interest in pursuing an MBA and/or CFA certification.

Benefits

• Competitive salary range of $92,114 - $156,880 per year.
• Eligibility for bonuses and/or commissions.
• Comprehensive benefits package including health insurance, retirement plans, and paid time off.