Trading Analyst

About the Role

As a Trading Analyst at City National Bank, you will be pivotal in ensuring accurate trade settlement, reconciliation, and onboarding of new fixed income brokers. Your work will support interval fund processes, resolve settlement discrepancies, and oversee daily monitoring of account balances.

Key Responsibilities

• Identify and investigate any suspicious or incorrect trade orders.
• Coordinate with external bond brokers to confirm fixed income trade allocations are properly recorded on both sides.
• Review and reconcile trade reports to confirm correct execution and booking.
• Conduct compliance checks by compiling and randomly auditing trades for best execution prices; review MSRB, CAT OATS, and TRACE trade reports; verify trade confirmations for precision.
• Facilitate the onboarding process for new fixed income brokers.
• Collaborate with custodians and outside bond brokers to address settlement challenges.
• Support interval fund processing activities.
• Perform daily verification of firm account balances.

Qualifications

• Bachelor's degree or equivalent educational background required.
• At least 2 years of relevant experience working with investment management firms, hedge funds, or broker-dealers.
• Minimum of 2 years proficiency in Microsoft Office applications.

Compensation and Benefits

The position offers a starting annual salary ranging from $71,869 to $114,797, with actual pay contingent upon skills, experience, and location. Eligibility for bonuses and commissions is included.

• Comprehensive healthcare coverage including medical, dental, and vision plans effective the first month after employment begins.
• Generous 401(k) company match program.
• Opportunities for career development through tuition reimbursement and internal upskilling resources.
• Paid time off encompassing vacation, sick leave, and volunteer time.
• Specialized health and family planning support such as fertility benefits and programs for cancer, diabetes, and musculoskeletal conditions.
• Dedicated recruitment team for career mobility assistance.
• Employee resource groups promoting community building and networking.

Company Overview

Founded in 1954, City National Bank is a subsidiary of the Royal Bank of Canada and has a long-standing reputation for entrepreneurial spirit, client dedication, and community involvement.

Diversity and Inclusion

City National Bank is committed to cultivating an inclusive workplace valuing diversity in all aspects and providing equal employment opportunities regardless of race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status, or other legally protected characteristics.

Legal Notice

Applicants should note that it is illegal in Massachusetts to require or administer a lie detector test as a condition for employment, with violations subject to criminal and civil penalties.

Additional Information

This position may require occasional on-site presence despite remote classification. Applications are accepted continuously until the role is filled.