Investment Due Diligence Analyst

INVESTMENT DUE DILIGENCE ANALYST WHAT IS THE OPPORTUNITY? This position will work directly with the CNR Manager Research team to support and assist in Investment and Operational Due Diligence functions
The group for this role manages City National Rochdale's (CNR) non-proprietary investment strategies, new product development for both CNR and external investment managers, sub-advisory relationships, and investment analysis such as portfolio models
Drawing on resources throughout the organization, this team will conduct and/or oversee the manager research and due diligence efforts for approved mutual funds, exchange traded funds (ETFs), separately managed accounts (SMAs) and alternative managers and strategies
The role will also require Operational Due Diligence oversight for many different investment vehicles.Responsibilities will encompass understanding controls required for compliance with applicable regulations, identification of relevant issues, solution design, design of required controls and monitoring, leveraging industry practices and coordination with colleagues across the organization.This role is expected to contribute constructively and balance challenges, supporting alignment of business objectives with CNB's risk appetite and established limits
What you will do Assist with investment due diligence, selection, and monitoring of traditional managers for use in CNR’s open architecture platform and proprietary sub-advised strategies
Participate in the process for identifying and researching alternative managers and strategies, including private funds and other partnership structures
Assist with maintenance of CNR Approved Manager Lists, update quarterly reports and manager tear sheets, and serve as primary contact point for specific external managers and strategies
Assist in maintaining all necessary documentation for regulatory requirements associated with Investment and Operational Due Diligence (aka IDD/ODD) for fund investments
Including regular research call leads, due diligence questionnaire maintenance, policy and procedure assistance
Special project assignment duty at the request of Senior members of the Manager Research team, such as periodic publications, asset class research, and manager selection analysis
Support the regulatory requirements of maintaining research records such as fraud oversight, news alerts, manager lists (initial, approved, terminated, etc.)
Investment related support such as performance attribution records, style analysis, and peer performance reviews
Operational diligence related support such as service provider records and change log amongst approved strategies
Represent the Wealth Management business first line of defense (1LOD) and provide assistance for 2LOD Review & Challenge to provide sufficient guidance during testing periods and on a day to day basis
Contribute to the development of a robust risk culture, risk conduct, and risk literacy within the 1LOD, including design and implementation of preventive and detective controls relating to Wealth Management Research activities (standing up Compliance-related controls) Prioritize organizational risk management objectives
Participate in special projects as necessary
Assist with audit and examination preparation activities
Must-Have* Bachelor's Degree or equivalent 5+ years of Investment Research experience in both Traditional and Alternative Investments Skills and Knowledge CFA, CAIA, and/or MBA or progress is encouraged, but not required Advanced knowledge of MS Excel, Python or similar programming experience or interest a plus Structuring and building quantitative and qualitative/conceptual analyses Bloomberg, Morningstar Direct, FactSet experience a plus Project Management, SharePoint, Power BI, automation experience a plus Investment Management experience preferred Strong interpersonal and influencing skills – and ability to interact with colleagues at all levels in a peer-like way, and achieve goals without direct control over resources Strong emerging end-to-end generalist problem solving skills, e.g., Defining and deconstructing problems Prioritizing issues and analysis Structuring and building quantitative and qualitative/conceptual analyses Knowledge in Financial Services Demonstrated ability to Influence change, build relationships, communicate effectively, work under pressure, manage multiple priorities and deliver high caliber results
Excellent time management, organizational, and prioritization skills and ability to balance multiple priorities
An outstanding ability to analyze problems, apply quantitative analytical approaches, communicate effectively and confidently (both oral and written), work well in cross-functional teams Quick learning ability, outstanding analytical skills and a structured way of thinking, your attention to details is exceptional Operate well under stress, even faced with tight timelines for ambitious deliverables Significant experience in driving operational change with front line to senior leadership personnel Excellent relationship and stakeholder management skills Be able to handle uncertainty well, and are able to simplify complexity Compensation Starting base salary: $101,325 - $172,568 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
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INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank is an equal opportunity employer committed to diversity and inclusion
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 law.' ABOUT CITY NATIONAL We start with a basic premise: Business is personal
Since day one we've always gone further than the competition to help our clients, colleagues and community flourish
City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today
City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.