Job Description

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. 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. 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.

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.
• 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?

Required Qualifications*

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

Additional Qualifications

• 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

WHAT'S IN IT FOR YOU?

Compensation

Starting base salary: $34.55 - $55.19 per hour. 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. 

Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.

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