About Working at Commerce
Building a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn’t stop there. Our culture is about our people, the ones in our communities and the ones that work with us.
Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you.
Creating an award-winning culture doesn't come easy. And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk.
Compensation Range
Hourly: $23.80 - $27.65 (Amount based on relevant experience, skills, and competencies.)About This Job
The main purpose of this job is to establish New Assets on the system within security guidelines established by Commerce Trust including both the Equity, Fixed Income Investment, and Special Asset Advisors/Portfolio Managers
Work Schedule
Monday - Friday 10:00 AM - 7:00 PM
Essential Functions
Establish New Assets on the system within security guidelines established by Commerce Trust including both the Equity, Fixed Income Investment, and Special Asset Advisors/Portfolio Managers
Complete set-up requirements, including the assignment of asset reporting and processing types, as well as market capitalization and investment style, which drives statement and client presentation reporting
Complete asset pricing on traded and non-traded assets covering daily, weekly, and monthly requirements. This includes quality review functions to ensure Asset Market Value correctly reflected on High-Net-Worth Trust Client Reporting.
Perform complex pricing calculations on Alternative Asset Types and Collateral Pricing requirements Complete all Asset Compliance Requirements such as Regulatory ASC820 Reporting, Stale Pricing Requirements, Quarterly IRA Pricing Review
Conduct quality reviews, including asset rate and maturity date revies, (called bond updates), and complete asset review requests from administrators
Demonstrate subject matter expert (SME) level knowledge of traded securities and complex asset types
Ensure accurate processing to avoid downstream impacts and reputational risk
Identify and mitigate liability risks associated with asset or settlement activities
Monitor, research, and resolve discrepancies or out-of-balance conditions
Identify opportunities for process improvement and operational efficiencies
Perform special project-related work as assigned
Knowledge, Skills & Abilities Required
Strong knowledge of Traded/Non-Traded Security Types and the impact various set-up functions have on other aspects of security processing
Strong analytical and critical thinking skills with ability to solve complex issues and make decisions
Strong customer service skills
Ability to think with a growth mindset and recommend ways to streamline processes for efficiency
Ability to work independently, prioritize and perform varied assignments with frequent distractions
Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
Inquisitive, agile, and strong collaborator with strong written, verbal, and interpersonal communication skills
Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values
Advanced level proficiency with Microsoft Word, Excel, Teams, and Outlook
Education & Experience
Associate’s degree or equivalent combination of education and experience required
3+ years of Financial Services Industry related experience with securities knowledge required
*Hybrid Schedule: In office 3 days per week
***For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles. This compensation range is for the Senior Securities Specialist - Wealth Operations level job and contemplates a wide range of factors that are considered in determining most appropriate job level and making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $23.80 to $27.65 per hour.
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The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits. Click here to learn more.
Location: 922 Walnut St, Kansas City, Missouri 64106Time Type:
Full time