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Trader

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  • Job
    Full-time
    Mid Level
  • Banking & Finance
  • $71.9K - $114.8K
  • New York

Requirements

  • Must-Have:
  • Bachelor's Degree or equivalent
  • Minimum 3 years’ experience with an investment management firm, hedge fund, or Broker Dealer
  • Minimum 3 years of experience using Microsoft Office applications
  • Series 7 and 55 or 57
  • Skills and Knowledge:
  • Series 63, preferred

Responsibilities

  • Administer all trade execution and direct trades to outside custodians. Delegate large trades to outside brokers and follow up, as necessary.
  • Inspect and verify any suspicious/erroneous orders.
  • Communicate fixed income allocations to outside bond brokers ensuring these trades are booked correctly on our side and also at the contra broker.
  • Trade Reconciliation – Review and reconcile reports to ensure trades have been executed and booked correctly.
  • Compliance reports – Compile and randomly check trades for best execution prices. Review MSRB, CAT OATS and TRACE reports for trades. Check trade confirms for accuracy.

FAQs

What qualifications are required for the Trader position at City National Rochdale?

To be considered for the Trader position at City National Rochdale, you must have a Bachelor's Degree or equivalent, a minimum of 3 years of experience with an investment management firm, hedge fund, or Broker Dealer, a minimum of 3 years of experience using Microsoft Office applications, as well as Series 7 and 55 or 57 certifications.

What is the starting base salary for the Trader position at City National Rochdale?

The starting base salary for the Trader position at City National Rochdale ranges from $71,869 to $114,797 per year. Exact compensation may vary based on skills, experience, and location. This position is also eligible for bonus and/or commissions.

What benefits and perks are offered to employees at City National?

City National offers a variety of benefits and perks to employees. For more information, you can get an inside look at the Benefits and Perks offered by City National Bank.

What is the primary responsibility of a Trader at City National Rochdale?

The primary responsibility of a Trader at City National Rochdale is to ensure that all equity, mutual fund, and ETF trades are executed accurately and in a timely manner at Pershing and with all other outside custodians. Traders are also responsible for trade settlement and reconciliation.

What is the Wealth Management Division of City National Rochdale focused on?

The Wealth Management Division of City National Rochdale provides white-glove service focused on intelligently personalized portfolio management for high-net-worth individuals, families, and institutions. The division has been operating for 30 years as a nimble, responsive boutique investment firm.

We make it our business to be personal. City National Bank Member FDIC. A subsidiary of Royal Bank of Canada.

Finance
Industry
1001-5000
Employees
1954
Founded Year

Mission & Purpose

CNB (Community National Bank) is a financial institution that offers a range of banking services, including personal and business banking, loans, mortgages, and investment solutions. The bank's ultimate mission is to provide exceptional financial services and products that meet the diverse needs of its customers, while fostering strong relationships within the communities it serves. CNB’s purpose is to deliver personalised banking experiences with a focus on customer satisfaction, financial stability, and community involvement, ensuring that clients receive the support and resources necessary to achieve their financial goals.

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