SSG Portfolio Manager II
full-time•Los Angeles, Charlotte•$70k - $130k
About this role
SSG PORTFOLIO MANAGER II
WHAT IS THE OPPORTUNITY?
The Portfolio Manager is part of the credit management team within CNB's workout group known as Special Situations or SSG. Such portfolio consists primarily of criticized and classified C&I, Investor Commercial Real Estate, and Consumer loans. This individual will prepare periodic credit assessments, make credit recommendations, and engage in ongoing maintenance of the portfolio. This individual will work with Relationship Managers and SSG management to develop strategy and action plans, with the goal of maximizing CNB's recovery.
WHAT WILL YOU DO?
- Teamwork: Mentors junior colleagues, fosters a culture of continuous improvement and professional growth.
- Portfolio Management: Owns and manages an assigned credit portfolio, ensuring alignment with organizational goals and risk management practices, including underwriting all types of credit exposures, managing credit risk, coordinating with Operations Specialists, and responding to developing situations.
- Credit Analysis: Analyzes credit data and assesses risk ratings, loss given default, accrual status, and collateral valuation. Prepare underwriting memorandums and approval documents for presentation to SSG Management.
- Performance Monitoring: Performs portfolio management activities to monitor and analyze portfolio performance, including periodic reviews and covenant tracking.
- Data Analysis: Analyzes credit data to support risk assessments including developing and presenting individual credit recommendations.
- Risk Management: Practices effective risk management, maintaining high standards of credit quality and origination in alignment with Bank’s credit risk appetite, and compliance with institutional and regulatory requirements.
- Collaboration: Partners with Relationship Manager(s) to successfully manage credit account relationships. Work closely with cross-functional teams to ensure cohesive and effective credit operations to achieve the Bank’s strategic initiatives. Participate in ad-hoc projects to support the organization’s priorities.
- Client Service: Provides exceptional client service by maintaining professionalism and effectively interacting with clients to understand their needs and provide tailored credit solutions. Participate in joint client interaction with Relationship Manager(s).
WHAT DO YOU NEED TO SUCCEED?
Required Qualifications*
- Bachelor's Degree or equivalent in Finance, Business, or related field
- Minimum 5 years of progressively increasing credit underwriting and portfolio management experience in relevant industry/industries
Additional Qualifications
- Intermediate experience in credit management and lending operations, with a strong understanding of risk management principles
- Desire to build leadership and coaching skills, with the ability to train and develop talent
- Strong communication and collaboration skills, with the ability to work effectively with senior leadership and cross-functional teams
- Intermediate analytical skills, with the ability to interpret complex data and make informed decisions
- Industry-specific knowledge and expertise
WHAT'S IN IT FOR YOU?
Compensation
Starting base salary: $70,000-$130,000. Exact compensation may vary based on skills, experience, and location.
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.
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.
#LI-BD1
#CA-BD1
What you'll do
- The Portfolio Manager will prepare periodic credit assessments, make credit recommendations, and engage in ongoing maintenance of the portfolio. This role involves managing an assigned credit portfolio and collaborating with Relationship Managers to maximize recovery.
About City National Bank
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.
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Frequently Asked Questions
What does City National Bank pay for a SSG Portfolio Manager II?
City National Bank offers a competitive compensation package for the SSG Portfolio Manager II role. The salary range is USD 70k - 130k per year. Apply through Clera to learn more about the full compensation details.
What does a SSG Portfolio Manager II do at City National Bank?
As a SSG Portfolio Manager II at City National Bank, you will: the Portfolio Manager will prepare periodic credit assessments, make credit recommendations, and engage in ongoing maintenance of the portfolio. This role involves managing an assigned credit portfolio and collaborating with Relationship Managers to maximize recovery..
Is the SSG Portfolio Manager II position at City National Bank remote?
The SSG Portfolio Manager II position at City National Bank is based in Los Angeles, California, United States and Charlotte, North Carolina, United States. Contact the company through Clera for specific work arrangement details.
How do I apply for the SSG Portfolio Manager II position at City National Bank?
You can apply for the SSG Portfolio Manager II position at City National Bankdirectly through Clera. Click the "Apply Now" button above to start your application. Clera's AI-powered platform will help match your profile with this opportunity and guide you through the application process.