Job Description

INVESTMENT DUE DILIGENCE ANALYST

WHAT IS THE OPPORTUNITY?

This position will work directly with the CNR Manager Research team to support and assist in Investment and Operational Due Diligence functions. The group for this role manages City National Rochdale's (CNR) non-proprietary investment strategies, new product development for both CNR and external investment managers, sub-advisory relationships, and investment analysis such as portfolio models. Drawing on resources throughout the organization, this team will conduct and/or oversee the manager research and due diligence efforts for approved mutual funds, exchange traded funds (ETFs), separately managed accounts (SMAs) and alternative managers and strategies. The role will also require Operational Due Diligence oversight for many different investment vehicles.Responsibilities will encompass understanding controls required for compliance with applicable regulations, identification of relevant issues, solution design, design of required controls and monitoring, leveraging industry practices and coordination with colleagues across the organization.This role is expected to contribute constructively and balance challenges, supporting alignment of business objectives with CNB's risk appetite and established limits.

WHAT WILL YOU DO?

• Assist with investment due diligence, selection, and monitoring of traditional managers for use in CNR’s open architecture platform and proprietary sub-advised strategies.
• Participate in the process for identifying and researching alternative managers and strategies, including private funds and other partnership structures.
• Assist with maintenance of CNR Approved Manager Lists, update quarterly reports and manager tear sheets, and serve as primary contact point for specific external managers and strategies.
• Assist in maintaining all necessary documentation for regulatory requirements associated with Investment and Operational Due Diligence (aka IDD/ODD) for fund investments. Including regular research call leads, due diligence questionnaire maintenance, policy and procedure assistance.
• Special project assignment duty at the request of Senior members of the Manager Research team, such as periodic publications, asset class research, and manager selection analysis.
• Support the regulatory requirements of maintaining research records such as fraud oversight, news alerts, manager lists (initial, approved, terminated, etc.).
• Investment related support such as performance attribution records, style analysis, and peer performance reviews. Operational diligence related support such as service provider records and change log amongst approved strategies.
• Represent the Wealth Management business first line of defense (1LOD) and provide assistance for 2LOD Review & Challenge to provide sufficient guidance during testing periods and on a day to day basis.
• Contribute to the development of a robust risk culture, risk conduct, and risk literacy within the 1LOD, including design and implementation of preventive and detective controls relating to Wealth Management Research activities (standing up Compliance-related controls)
• Prioritize organizational risk management objectives.
• Participate in special projects as necessary.
• Assist with audit and examination preparation activities.

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications*

• Bachelor's Degree or equivalent
• 5+ years of Investment Research experience in both Traditional and Alternative Investments

Additional Qualifications

• CFA, CAIA, and/or MBA or progress is encouraged, but not required
• Advanced knowledge of MS Excel, Python or similar programming experience or interest a plus
• Structuring and building quantitative and qualitative/conceptual analyses
• Bloomberg, Morningstar Direct, FactSet experience a plus
• Project Management, SharePoint, Power BI, automation experience a plus
• Investment Management experience preferred
• Strong interpersonal and influencing skills – and ability to interact with colleagues at all levels in a peer-like way, and achieve goals without direct control over resources
• Strong emerging end-to-end generalist problem solving skills, e.g.,
• Defining and deconstructing problems
• Prioritizing issues and analysis
• Structuring and building quantitative and qualitative/conceptual analyses
• Knowledge in Financial Services
• Demonstrated ability to Influence change, build relationships, communicate effectively, work under pressure, manage multiple priorities and deliver high caliber results.
• Excellent time management, organizational, and prioritization skills and ability to balance multiple priorities.
• An outstanding ability to analyze problems, apply quantitative analytical approaches, communicate effectively and confidently (both oral and written), work well in cross-functional teams
• Quick learning ability, outstanding analytical skills and a structured way of thinking, your attention to details is exceptional
• Operate well under stress, even faced with tight timelines for ambitious deliverables Significant experience in driving operational change with front line to senior leadership personnel
• Excellent relationship and stakeholder management skills
• Be able to handle uncertainty well, and are able to simplify complexity

WHAT'S IN IT FOR YOU?

Compensation

Starting base salary: $92,114 - $156,880 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.

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