*PORTFOLIO MANAGER I TREASURY* WHAT IS THE OPPORTUNITY? Responsible for recommending and implementing strategies pertaining to the fixed income securities owned by the company and its subsidiaries. This includes execution of government and government agency debt instruments, mortgage-backed securities, municipal bonds, and other instruments as necessary. It may also include the negotiation and execution of interest rate derivatives as a complement to investment activity or to hedge interest rate risk. This position will work with relationship managers and team leaders to calculate loan funding costs and prepayment penalties. The position will also support the Director – Portfolio & Funding, the Treasurer, and the Asset Liability Management Committee (ALCO) through specialized analysis of market conditions, risks, and opportunities. What you will do * Works closely with the Director – Portfolio & Funding to determine appropriate mix of assets and investment strategies that are consistent with ALCO directives. * Initiate purchases and sales of bonds and execute interest rate derivatives and repurchase transactions as appropriate. This includes managing relationships with primary and regional dealer firms. * Reviews holdings periodically to ensure that investments continue to meet the original purchase objectives. * Prepares reports documenting investment performance, portfolio risk profile, market opportunities, and alternative investment strategies. * Supports business development officers with loan pricing and prepayment penalty calculations. * Assists relationship managers and team leaders with Funds Transfer Pricing (FTP) questions and provide feedback on market conditions and funding costs. * Provides analytics in support of the Funds Transfer Pricing (FTP) function. * Provides analytical support as needed to support the production of the company’s financial reports, BSA, AML, DFA, and Patriot Act requirements. * Supports Heightened Standards and Sarbanes Oxley objectives through documentation of critical control procedures. * Assists in the analysis of company exposure to market risk as needed. *Must-Have** * Bachelor's Degree or equivalent economics, mathematics, statistics, finance, or related field required * Minimum of 7 years of experience in investment securities experience required. * Minimum of 5 years' experience using Excel and Bloomberg as well as other Microsoft Office applications. *Skills and Knowledge* * MBA or advanced degree in related field highly desirable. * Excellent analytical skills. * Ability to achieve superior performance while complying with all risk and regulatory requirements. * Proficiency in investment analysis and research techniques. * Excellent understanding of the economy and market conditions. * Excellent written and oral communication abilities. * Strong time management and project management skills. * Ability to build positive relationships both within the Finance Division and throughout the bank. *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. **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](https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf). 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](https://www.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](https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/1/159726e0-aeb1-4058-9052-d7a2d69626b8.pdf) 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](mailto:TalentAcquisition@cnb.com) 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.