Full-Time
Trust Officer 2
Custody
City National Bank
5,001-10,000 employees
Provides banking, investment, and trust services
Compensation Overview
$71.9k - $114.8k/yr
Newark, DE, USA + 1 more
More locations: Los Angeles, CA, USA
Remote
Bachelor's
 Finance & Banking (1) |
|---|
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- A Bachelor's Degree or equivalent is required.
- Five years of experience in the administration and custodial accounts is required.
- Five years of experience in a client-facing role in a financial institution is required.
- Five years of experience working with Employee Retirement Income Security Act (ERISA) qualified plans is required.
- Five to seven years of experience administering defined contribution, defined benefit, and other employee benefit trust, agency, and custodial accounts is preferred.
- Five years of experience in a client-facing role in banking or a financial services environment is preferred.
- A Bachelor's degree in Business, Finance, or a related area is preferred.
- Experience with SEI's Trust 3000 Trust Accounting system is preferred.
- Proficiency with Microsoft Office Suite, including Word, Excel, PowerPoint, and Outlook, is preferred.
- Knowledge of fiduciary and prohibited transaction provisions associated with ERISA is preferred.
- Administer custody, business escrow, agency, and Individual Retirement Accounts where CNB is acting as trustee, including account opening, periodic administrative reviews, cash and wire transfers, asset transfers, and asset valuations.
- Administer a book of account relationships and work with assigned clients or their relationship contacts to ensure adherence to bank policies, regulatory compliance, profitability, and account retention.
- Manage and prioritize requests to provide a high-quality service experience to clients.
- Assist with regulatory examinations, independent audits, and internal audit compliance reviews.
- Work with the Retirement Services Manager to implement action plans correcting deficiencies and update policies and procedures.
- Maintain a proactive commitment to established bank programs.
- Excellent organizational and problem-solving skills.
- Excellent verbal and written communication skills sufficient to interact with all levels of bank personnel and clients.
City National Bank provides personalized banking, investment and trust services to individuals and businesses, managing $93 billion in assets and $106 billion in client investment assets. It delivers traditional banking, wealth management and fiduciary services through branches and private-banking relationships, using advisers and digital tools to coordinate banking and asset management. The bank differentiates itself with a strong local footprint in key West Coast and select U.S. markets, a close integration with its parent Royal Bank of Canada, and a track record of community giving. Its goal is to help clients grow and protect their wealth while supporting the communities it serves and expanding its market reach through trusted advisory services.
Company Size
5,001-10,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Los Angeles, California
Founded
1953
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Simplify's Take
What believers are saying
- April 2026 assets reached $98 billion, showing scale despite competitive banking conditions.
- August 2026 wealth leadership expansion directly supports fee growth from high-net-worth clients.
- City National’s 2026 community grants and Miami Beach sponsorships reinforce local relationship banking visibility.
What critics are saying
- Hiring Senior Counsel-AML/Financial Crimes signals active remediation pressure around monitoring and sanctions.
- A 2026 COO reorganization exposes execution risk if controls, change, and operations misalign.
- RBC reliance creates existential dependence on parent capital, strategy, and reputational discipline.
What makes City National Bank unique
- RBC-owned City National targets affluent clients through private banking, wealth, entertainment, and sports.
- June 2026 COO David Cameron unified operations, controls, and change management bankwide.
- August 2026 hires Darcy Roennfeldt and Shannon Patterson Saltos deepen trust and private banking.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Tuition Reimbursement
Paid Vacation
Paid Sick Leave
Fertility Treatment Support
Family Planning Benefits
Growth & Insights and Company News
6 month growth
↑ 7%1 year growth
↑ 7%2 year growth
↑ 11%City National Bank appoints two new leaders to expand Private Bank and Wealth Management capabilities and accelerate growth. August 14, 2026 In order to read this article you will need to subscribe, please click here By downloading the article you are agreeing that Managers of Wealth hold your data in line with GDPR which is detailed in its Privacy Policy and are opting in to be contacted by Managers of Wealth for further news, articles and services.
City National Bank has appointed two senior leaders to expand its private banking and wealth management operations. Darcy Roennfeldt joins as managing director and head of Trust & Estate Services, based in Los Angeles. She will oversee wealth planning and fiduciary services for high-net-worth clients, drawing on decades of experience from PNC Private Bank and BNY Mellon Wealth Management. Shannon Patterson Saltos has been named regional managing director of the Private Bank, Eastern Region. Based in New York, she will co-lead the national private bank alongside Steve Sherline. Patterson Saltos brings over 25 years of wealth management experience, most recently serving as wealth market president at M&T Bank Wilmington Trust. City National Bank, a subsidiary of Royal Bank of Canada, has $98 billion in assets.
Acme United Corporation has secured a new $65 million syndicated credit facility with HSBC Bank USA and City National Bank. The agreement replaces a previous $65 million facility with HSBC that was set to expire in May 2027. The new facility expires on 15 July 2029, with HSBC serving as administrative agent. The company said the facility will provide liquidity for growth, acquisitions, dividends and other business activities. The credit agreement includes customary collateral pledges, covenants and other terms similar to the prior arrangement. Paul Driscoll, Acme United's chief financial officer, said the facility offers greater financial flexibility for growth plans. Chairman Walter Johnsen noted that adding a second lender diversifies funding sources and supports continued execution of growth initiatives.
Housing Trust Fund Ventura County receives more than $1 million to expand affordable housing. Housing Trust Fund Ventura County (Housing Trust Fund VC) announced today it has received a $1 million Equity Equivalent Investment from City National Bank. The organization also received $50,000 from U.S. Bank, with an additional $50,000 awarded to its sister organization, Housing Land Trust Ventura County (Housing Land Trust VC), a combined $100,000 investment in affordable housing across Ventura County made through U.S. Bank's Community Possible Home program. These investments arrive as the cost of building and preserving affordable housing in the region continues to climb and will strengthen both organizations' work to bring that cost down. "U.S. Bank's investment strengthens both sides of our work: the loans that help get affordable homes built and the land that keeps them affordable for generations," said Linda Braunschweiger, CEO of Housing Trust Fund Ventura County and Housing Land Trust Ventura County. "The challenges facing working families in Ventura County are real, but so is the impact we can make when partners like U.S. Bank and City National Bank invest in this community." Housing Trust Fund VC's $50,000 will go to its Revolving Loan Fund, which provides low-cost, flexible loans to affordable housing developers early in the development cycle, when capital is hardest to secure. Housing Land Trust VC's $50,000 will support its community land trust work, securing donated or surplus land and holding it in trust through 99-year renewable ground leases. Removing the cost of land makes otherwise infeasible projects buildable and keeps the homes built on that land permanently affordable. The grant is the latest in a wave of public and private investment in the two organizations during the first six months of 2026. In February, Housing Land Trust VC received $380,000 from the Southern California Association of Governments (SCAG) through its Regional Early Action Plan (REAP 2.0) to build the infrastructure needed to evaluate, accept and steward land for long-term affordable housing. On the private side, the Greater Conejo Valley Community Foundation, the philanthropic arm of the Greater Conejo Valley Chamber of Commerce, made a $25,000 investment in Housing Trust Fund VC's Community Impact Note, placing patient capital into the Revolving Loan Fund to be lent, repaid and lent again over time. Led by Braunschweiger and guided by independent boards, Housing Trust Fund VC and Housing Land Trust VC work in tandem on the same mission: one lowers the cost of capital, the other lowers the cost of land. Together, the two organizations form a comprehensive strategy to expand affordable housing opportunities across Ventura County. Learn more at housingtrustfundvc.org.
City National Bank contributes $100,000 grant to prevent teen homelessness and build Olive Crest's new apartment homes. Olive Crest is thankful to announce its $100,000 grant from City National Bank to support the construction of new, affordable housing for teens and young adults transitioning out of the child welfare system in Los Angeles County. City National's giving back to the local community supports the building of the new teen apartment homes currently under construction in the City of Bellflower. This grant directly funds construction costs for a new 14-unit apartment community that will provide safe, stable housing and supportive services for youth ages 18-24 who are at substantial risk of homelessness. "Youth homelessness and housing insecurity remain urgent challenges in our region. Olive Crest's work to provide safe, affordable housing and critical support services directly changes young people's lives," said Adey Tesfaye, Head of Community Reinvestment at City National Bank. "City National is proud to be a part of this solution." "Partnerships like this are vital as we work to ensure every young person has a safe place to call home," said Donald Verleur, Chief Executive Officer at Olive Crest. "City National's generous investment is helping us create life-changing opportunities for youth who need safe and affordable housing, guidance, and hope for the future." The new development will expand Olive Crest's housing capacity, ultimately serving up to 70 young adults annually with access to stable housing and comprehensive services such as job readiness training, mental health support, education assistance, and life skills development. Youth aging out of the child welfare system face significant challenges, with many at risk of housing instability or homelessness shortly after leaving. Olive Crest's housing model addresses these critical needs by combining permanent supportive housing with individualized, trauma-informed care that empowers young people to build independent, successful lives. City National's support reflects a shared commitment to strengthening communities with affordable housing and creating pathways to financial stability for young people. About Olive Crest Since 1973, Olive Crest has transformed the lives of nearly 300,000 children and their families. Olive Crest work tirelessly to meet the individual needs of kids in crisis by providing safe homes, counseling, and education for both youth and parents. Its many innovative programs reflect its conviction that strengthening the family is one of the most powerful ways to help heal children. Its 98% stability rate is a testament to a lifelong commitment and unwavering compassion that the Olive Crest family maintains to the children and families Olive Crest serve even after they have graduated from its programs. Olive Crest serves 5,000 children and families each day throughout the Western United States. For more information, call 866.461.2445 or visit www.olivecrest.org. About City National City National Bank is dedicated to helping clients thrive and communities prosper. Founded in 1954, City National is the largest bank headquartered in Los Angeles with $98 billion in assets as of April 30, 2026. A subsidiary of Royal Bank of Canada (RBC), City National delivers personalized services and specialized expertise in wealth management and private banking, entertainment and sports banking, commercial banking, and consumer banking, with branches and banking offices in major markets across the Western, Mid-Atlantic and Southeast U.S. City National and its investment affiliates manage or administer $112 billion in client investment assets. In 2025 alone, the company made charitable contributions of nearly $11 million to nonprofits that support the communities it serves. City National Bank. Member FDIC. City National Bank does business in the state of Florida as CN Bank. For more information, visit cnb.com.