Specialty Wealth Asset Officer Senior
About this role
Provides asset management services for Specialty Wealth Assets (Commercial and Residential Real Estate, LLC–LP-Closely Held Entities, Mineral/Oil/Gas Interests), held in fiduciary accounts on the Wealth Management platform of CNB and RBC. Functions as an asset and investment manager, including providing oversight of property operations (oversight of 3rd party service provider selection/performance/retention, rent collection, expense payment, oversight of maintenance activities, etc.) and managing transactions and asset level projects (acquisitions, dispositions, leasing, recognized environmental conditions, and capital expenditures, etc.), while completing all asset level regulatory/reporting requirements in accordance with established policies, procedures, practices, and direction. Provides support to the relationship team by providing asset level expertise and coordinating communication with colleagues, clients, tenants, managers/general partners/officer, and 3rd party service providers around activities and issues at the asset level. Considers investment objectives, account circumstances, investment performance, concentration issues, and profitability from a fiduciary perspective while administering the assets in their portfolio. Partners with client facing colleagues in proactive client service/communication and sales activities.
- Provides asset management services for their assigned portfolio of Specialty Wealth assets held in fiduciary accounts within investment guidelines and the regulatory framework.
- Manages portfolio while mitigating risk and following established company and department policies, procedures, and best practices.
- Completes all regulatory and internal requirements associated with the assets in their portfolio in accordance with established policies, procedures and practices, such as annual reviews, inspections, valuations, document retention, audit inquiries, etc.
- Oversee the operations at the asset level, either through a 3rd party or directly, including but not limited to asset performance, income collection, expense payment, 3rd party repair/maintenance activities, etc.
- Recommends and (with appropriate approvals) implements strategies for the Specialty Wealth assets of an account which incorporates client’s investment objective, account size, asset mix, liquidity and account circumstance.
- Facilitates transactions and projects of Specialty Wealth assets in accounts, including acquisitions, dispositions, exchanges, leases, capital expenditures, etc.
- Works closely with the relationship team, clients, managers/general partners/officers, operations services, attorneys, brokers, appraisers and other industry and relationship managers to facilitate activities at the asset level.
- Coordinate/communicate specialty wealth asset activities as appropriate with assigned Trust Officers and other relationship managers.
- Participate in meetings and presentations that promote product and service awareness among clients, prospects, and referral sources.
- Maintain a “Satisfactory” internal and external audit review.
- Comply with policies to identify and resolve environmental issues and ADA compliance issues.
- Provide guidance to asset officers/administration officers and facilitate learning opportunities by sharing knowledge and experience in a constructive, respectful and collaborative manner.
- 7 years of property/asset management (residential/commercial) experience necessary. Fiduciary Experience a plus.
- 7 years of experience in analyzing appropriate industry investments, including operating statements, market data and its sources, offering memorandums/offerings, and relevant 3rd party reports.
- Strong attention to detail and customer service orientation
- Proven communication, analytical, negotiating and sales skills, coupled with computer literacy
- Fiduciary Experience a plus.
- Proven ability to work in a multi-task environment with oversight
- Works effectively within a team as well as individually
- Professional Credentials such as CPM, CCIM or other relevant and recognized industry backed designations preferred.
- 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
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.
Company at a glance
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $93 billion in assets as of July 31, 2025. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $106 billion in client investment assets. City National is dedicated to strengthening communities, and in 2024 alone, the company made charitable contributions of nearly $10 million in charitable contributions to nonprofits that support the communities it serves.
*City National Bank does business in Miami and the state of Florida as CN Bank.
Top Benefits
- Medical Insurance
- Dental Insurance
- Vision Insurance
- 401(k) Company Matching
- Tuition Reimbursement
- Vacation Time
- Sick Time
- Volunteer Time
- Fertility Benefits
- Cancer Support Programs
- Diabetes Support Programs
- Musculoskeletal Support Programs
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