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Analyst - Foreign Exchange

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Job ID SPEC-15962 City Los Angeles State California Additional Location Exempt/Non Exempt Non-Exempt Shift Day Work Schedule M-F, 8-5
Job Details:
ANALYST FOREIGN EXCHANGE



WHAT IS THE OPPORTUNITY?

This position is responsible for performing analysis in support of foreign exchange transactions on behalf of CNB clients. This position is also responsible for assisting the FX advisors as they are engaging clients and prospects on foreign exchange hedging strategies and currency trends, analyzing market data and writing commentaries on key economic and market developments.
Performs other duties as requested.
Other responsibilities include, but are not limited to, managing currency positions and nostro balances across multi-products to optimize overall funding and position management of the trading room, as well as executing and administering the pricing of retail and captive client transactions.



Specialty Banking Division
As a member of the Specialty Banking group, you will help to bring extensive industry knowledge to commercial clients in specialized segments and deliver an unmatched level of service. Specialty Banking is comprised of several teams of experienced bankers with niche market knowledge and niche financial proficiency, promoting solutions rather than products.



WHAT WILL YOU DO?

  • Executes foreign exchange transactions on behalf of CNB clients within limits and guidelines set in the bank’s foreign exchange trading policies. Assists the trading desk in monitoring positions closely and manages how client transactions systems affect proper management of nostro funding and currency positions.
  • Provides pricing support to sales colleagues and covers client deal risk, as appropriate, to secure maximum profitability.
  • Accepts and monitors take-profit and stop-loss orders on behalf of CNB clients. Responds to ad hoc internal/external client requests for historical rates and currency forecasts.
  • Operates and maintains all programs and applications necessary for client and trading functions. Analyzes various trading portals and market–making resources to assist the Sales Manager in making proper judgements regarding trading costs, dealing security, etc.
  • Contributes to the daily foreign exchange commentary, as well as researches key economic/political developments as they pertain to market sentiment and trends. Helps coordinate and direct group communications on specific currency and global economic trends. Analyzes, interprets and communicates market developments and trends to salespersons, relationship managers, and assigned client portfolio.
  • Provides the sales desk with support and market information to help clients manage more nuanced aspects of international financial management, such as global economic forecasts and trends as well as how such trends and market volatility affect clients’ international exposure.
  • Assists the FX sales manager with ad hoc and regular analysis of FX business in terms of profitability, usage and quantification of credit lines, pricing efficiency, and other business factors as assigned.
  • Formulate, build, enhance and analyze financial data (i.e. excel spreadsheets) to support the desk activity and growth.
  • Develop sales materials and presentations
  • Provides support for the overall operations of the trading room as necessary, including routine price delivery to internal and external clients, using the pricing tools available to the FX advisor team.
  • Presents research to clients in person as appropriate in support of FX client service and new FX sales
  • Maintains a proactive commitment to established bank programs, such as CustomerFirst, Community Reinvestment Act (CRA) and Affirmative Action.
  • Complies fully with all Bank Operational and Credit policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.).
  • Completes all special projects as requested.



WHAT DO YOU NEED TO SUCCEED

Must-Have*

  • Bachelor's Degree
  • Minimum 1 years financial analysis experience
  • Minimum 1 years banking or financial services industry experience


Skills and Knowledge

  • Must have excellent verbal/written communication skills sufficient to interact with all levels of bank personnel and customers required.
  • Understanding of financial market dynamics as they relate to primary duties.
  • Good organizational skills with the ability to handle multiple tasks.
  • Computer literacy required including market transaction systems approved by CNB
Compensation
Starting base salary: $39.71 - $50.03 per hour. 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.



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.

Positions based in New York City: In order to work on-site at City National Bank in New York City, you must be fully vaccinated against COVID-19, per city requirements. Shortly after your start date, you will be required to attest to your vaccination status and will be required to provide proof of vaccination.

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled
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