FOREIGN EXCHANGE ASSOCIATE WHAT IS THE OPPORTUNITY?
The FX Associate plays a critical role in supporting all functions to drive success and growth of the Foreign Exchange (FX) Sales Desk. This role's primary function is to support Senior FX Advisors' efforts to manage portfolio clients, identify new opportunities and structure and execute trades. The FX Associate will also interface independently with internal and external clients to identify, pitch and close FX opportunities. Key responsibilities include client and prospect management, market and client research, data mining, report and presentation generation, and ad hoc projects. This role is expected to work collaboratively with cross-functional teams to ensure seamless delivery and end to end ownership of FX solutions.
WHAT WILL YOU DO?
- Provide support to Senior FX Advisors and Relationship Managers by identifying and delivering foreign exchange solutions and services to bank clients and prospects
- Proactively conduct data analysis, generate hedging solution ideas, and assist in all required tasks for business development for a seamless experience while maintaining end-to-end product ownership
- Quoting spot trades and conducting day-to-day trade execution and booking
- Develop relationships and collaborate effectively with cross-functional teams including trading, operations, compliance, and risk to ensure successful execution of transactions and regulatory adherence
- Track and analyze key sales performance and other important metrics to help meet team goals
- Stay informed on and be able to communicate key economic and geopolitical developments as they pertain to market sentiment and trends
- Ad hoc special projects as requested by FX and Capital Markets senior leadership
- Proactively identifying opportunities to enhance, streamline and automate processes
- Ensure compliance with internal policies, industry regulations, and risk management frameworks while maintaining operational excellence
- Maintain current knowledge of all bank products and services, analyze customer needs and cross-sells products to fit those needs
- Possess exceptional organizational skills and attention to details with the ability to handle multiple tasks simultaneously
WHAT DO YOU NEED TO SUCCEED?
Required Qualifications* - Bachelor's Degree or equivalent
- Minimum 3 year banking or financial services industry experience (preferably in Capital Markets)
- Minimum 3 year financial analysis experience
Additional Qualifications - Utilizes a higher degree of independence than an Analyst
- Proficiency in Bloomberg, Microsoft Excel, Word, and PowerPoint
- In depth understanding of financial markets, FX markets and fundamental FX products
- Ability to work both independently and collaboratively as part of a dynamic, hands-on team
- Ability to work and learn in a fast-paced environment while maintaining integrity, accountability, accuracy and attention to detail
- Strong time management and multi-tasking skills with the ability to prioritize effectively to balance daily tasks
- Excellent written and verbal communication skills that translate into presenting complex concepts in an easy to understand format for audiences with varying levels of product knowledge
WHAT'S IN IT FOR YOU? Compensation Starting base salary: $87,027 - $138,965 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
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 including:
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
Get a more detailed look at our Benefits and Perks.
ABOUT US
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT 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.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
