Operations Analyst

Operations Analyst

Provides operational support to the Portfolio Manager Team and Advisors on all asset movement activities. Review, process, and follow up on all inquiries regarding transfer of assets and account maintenance of electronic transfers & check writing. Assist in questions regarding withdraws, contributions, and RMDs on retirement accounts. Monitor retirement accounts toward the end of the year to insure that their RMD has been satisfied. Collaborate with other departments to resolve complex issues as well as act as the liaison between the Portfolio Manager Team and our clearing firm. Manage all outgoing transfers by notifying the Portfolio Manager Team and Sr. Investment Consultant. Monitor the process of the transfer, handle any potential issues with the transfer by acting as the intermediary between the receiving and delivering broker dealer, and see that the account is properly closed and archived from our database.

Review received asset movement requests. Contact the Portfolio Manager Team to raise cash or obtain further information / documentation. Process the requests on Pershing's system, and follow up to ensure they are processed in a timely manner. Follow up on any pending requests that are awaiting further information or documentation. Review requests from the prior day in our bookkeeping system and upload them to our client account database. Review all outgoing transfers, freeze the accounts to ensure no further trading takes place, notify the PM team and financial advisor that the account will be leaving, monitor the transfer process to ensure that all accounts are moved in a timely manner, and archive the accounts from our client account database once they have fully transferred out. Manage mandatory and voluntary corporate actions by updating our trading system with corporate action details to avoid trading on a called or tendered bond. Coordinate with the research teams to determine how to instruct on voluntary offers.

Required Qualifications :

• H.S. Diploma
• 3 to 5 years of experience in a broker dealer or investment industry
• Minimum 3 years of experience in a financial related industry
• Minimum 4 years of experience in using Microsoft Office applications

Additional Qualifications :

Compensation : Starting base salary : $26.70 - $40.36 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and / or commissions.

Benefits and Perks :

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.