ABOUT US

RBC Rochdale provides investment research, portfolio management, macroeconomic outlook and strategic asset allocation to help clients meet their long-term goals. RBC Rochdale, LLC is an SEC-registered investment adviser and wholly-owned subsidiary of City National Bank.

MANAGER - INVESTMENT GUIDELINES & TRADE COMPLIANCE OVERSIGHT

WHAT IS THE OPPORTUNITY?

The Manager - Investment Guidelines and Trade Compliance Oversight will establish and develop the Compliance Trade Oversight Program by leading, configuring, and overseeing the design, implementation and administration of the compliance rules engine within the Order Management System / Portfolio Management System to mitigate the regulatory, operational and market risks associated with regulatory and individual investment guideline requirements.

WHAT WILL YOU DO?

Lead Trade Oversight Program: Develop Compliance Trade Oversight Program by leading, configuring, and overseeing the design, implementation and administration of the firm’s Order Management System / Portfolio Management System in Charles River Development to mitigate the regulatory, operational and market risks associated with regulatory and individual investment guideline requirements.
Develop and Implement Workflows: Interpret investment guidelines and regulatory requirements and translate them into system-based compliance rules in the Order Management System/Portfolio Management System and other applications utilized by Portfolio Management team. Configure, code, and validate compliance rules across OMS platform.
Manage Team: Manage and train additional analysts covering investment guideline requirements.
Trade Violation Review: Implement and monitor pre- and post-trade violations in a real-time environment through collaboration with the Investment Management and Trading teams. Conduct inquiries of violations and following up through resolution. Review rule logic to ensure alignment with guideline intent and expected functionality
Procedure Development: Develop procedures in coordination with Investment Management teams, IT/Programmers, Operations, Legal and Compliance.
Coordination Across Teams: Partner with compliance officers, portfolio managers, and technology teams to refine rule logic
Design and Develop Rules System: Review and interpret new account guidelines; code new accounts in Charles River and maintain the library of compliance rules. Design, test and implement new rules.
Mitigate Risks: Related to, for example, front-running, circular/wash trading, cross trading, insider trading, price manipulation, improper order handling, concentration limit violations, and securities journaling.
Reporting: Develop and implement quarterly, monthly, and daily reporting.
Ad Hoc Projects: Coordinate special projects between members of the Investment Analytics and Monitoring team, the business and IT.

WHAT DO YOU NEED TO SUCCEED?
Required Qualifications*

Bachelor's Degree or equivalent
Minimum 7 years’ experience in financial services industry with demonstrated hands-on experience implementing order management system
Strong understanding of variety of financial products and derivatives including equities, fixed income, mutual funds, exchange traded funds, etc.
Familiarity with compliance breach analysis and remediation workflows
Understanding of trading workflows including pre-trade and post-trade compliance rules subject to SEC, FINRA, ERISA, and banking regulatory frameworks. Thorough understanding of applicable laws and banking regulations required

Additional Qualifications

Experience with Charles River system preferred
Strong understanding of variety of financial products and derivatives including equities, fixed income, mutual funds, exchange traded funds, etc.
Familiarity with compliance breach analysis and remediation workflows
Understanding of trading workflows including pre-trade and post-trade compliance rules subject to SEC, FINRA, ERISA, and banking regulatory frameworks. Thorough understanding of applicable laws and banking regulations required
Thorough understanding of applicable laws and banking regulations required.
Proven leadership skills mixed with a propensity towards strong organization and time management skills required.
Demonstrated experience managing a team
Must possess the ability to recognize and communicate enhancement opportunities along with developing creative and sound solutions within assigned duties.
Excellent oral and written communication skills with all levels of management required.
Computer proficiency in Microsoft applications of Outlook, Word, Excel, PowerPoint, Access and Project required.
Experience communicating and interacting with regulatory agencies, including exam management and other regulatory affairs.
Experience with a financial institution such as a broker/dealer and/or registered investment adviser.
Experience working within a Compliance Investment Management role.

WHAT'S IN IT FOR YOU?
Compensation
Starting base salary: $127,626 - $237,014 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
Generous 401(k) company matching contribution
Career Development through Tuition Reimbursement and other internal upskilling and training resources
Valued Time Away benefits including vacation, sick and volunteer time
Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
Career Mobility support from a dedicated recruitment team
Colleague Resource Groups to support networking and community engagement

Get a more detailed look at our Benefits and Perks.

ABOUT US

Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.

Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.

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City National Bank

Investment Analytics & Trade Monitoring Manager

About the Job

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About the Company

City National Bank

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