Job Description

INVESTMENT RISK SENIOR ANALYST

WHAT IS THE OPPORTUNITY?

The Investment Risk Analyst will play a crucial role in supporting the Head of Investment Risk in managing and overseeing the investment risk function at City National Rochdale (CNR). Will ensure that risks related to CNR's proprietary funds and models are assessed, monitored, and reported effectively, while meeting regulatory standards. Will also oversee implementation of asset allocation and strategy guidance. The analyst will be responsible for risk analysis, reporting, and working closely with various tools to ensure oversight of the investment portfolio.

What you will do

• Support the Head of Investment Risk in identifying, analyzing, and assessing investment, market, liquidity, counterparty, and operational risks across investment portfolios.
• Conduct stress testing, scenario analysis, and liquidity assessments on discretionary portfolios to ensure that the portfolios remain within CNR’s risk appetite.
• Manage the development of analytical tools to better identify, measure and communicate investment risks, risk concentrations, investment guideline breaches, style drift, and other drivers of risk in managed portfolios.
• Extract and interpret data from multiple portfolio management systems to create reports on portfolio performance, risk exposures, and compliance with CNR’s risk management policies.
• Build and manage internal relationships with key relevant stakeholders, particularly within Portfolio Management, Research, Product Managers, Compliance and other areas of CNB’s Private Banking and Wealth Management. Work closely with key stakeholders to review and improve quality of metrics and reporting over time.
• Support the management in the delivery of a sound governance process around Investment Risk in both 1st line and 2nd line activities.
• Assist in improving the use of technology and risk tools to enhance risk oversight and analysis capabilities.
• Monitor compliance with investment risk policies and procedures, including investment guidelines, regulatory liquidity and derivative rules.
• Interacting with internal control teams (2LoD and 3LoD) and regulators (OCC, SEC).
• Collaborate with CNB’s 2LoD to ensure independent oversight of discretionary fund risks, providing necessary data for risk reviews and audits.

Must-Have*

• Bachelor's Degree or equivalent in Finance, Economics, Mathematics, or related fields
• Minimum of 5 years of experience with risk measurement techniques for modeling equity risk, interest rate risk, liquidity risk and price sensitivity consistent with regulatory expectations
• Minimum of 5 years of experience in investment risk analysis, preferably in an asset management or financial services environment.

Skills and Knowledge

• Master’s degree designation preferred.
• Solid understanding of financial markets, portfolio management, investment products, and investment risk management concepts.
• Experience with stress testing, scenario analysis, and liquidity risk management is preferred.
• Experience working with large volumes of data and database skills desired.
• Experience with data analysis, statistical techniques, quantitative modeling, and risk systems and factor models.
• Experience working with investment risk management tools such as FactSet, Bloomberg, Northfield, and/or RiskMetrics is essential.
• Working knowledge of programming languages such as Python, SQL, or VBA is highly desirable.
• Completion or progress toward a professional certification in risk management (e.g., CFA, FRM) is a plus.
• Experience with data visualization skills with Tableau or Power BI is highly desired.
• Strong analytical skills with the ability to interpret complex data sets and perform quantitative risk assessments.
• Ability to effectively interact with the portfolio managers, product strategists, investment consultants, and 2LoD CNB control teams (Risk, Audit, Compliance) and communicate key risks.
• Knowledge of portfolio construction, asset allocation, risk/return optimization techniques, and use of proprietary funds and models in client portfolios.
• Strong analytical skills with attention to detail, strong controls mindset and willingness to proactively investigate issues and develop solutions (both tactical and strategical).
• Proficient in Excel, with the ability to create advanced models and risk reporting templates.
• Establishing, developing and automating processes, procedures and controls.
• Awareness of regulatory frameworks, particularly OCC and SEC requirements and risk standards.
• Ability to work under tight deadlines and handle multiple priorities.

Compensation

Starting base salary: $111,408 - $189,738 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

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. Get an inside look at our Benefits and Perks .

ABOUT CITY NATIONAL

City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
*City National Bank does business in Miami and the state of Florida as CN Bank.
For more information about City National, visit cnb.com .

EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION
City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.

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