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 more than 155 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: $22.60 - $26.70 (Amount based on relevant experience, skills, and competencies.)
About This Job
The main purpose of this job is to support the Capital Markets Bank Dealer (CMG) and institutional division of Commerce Brokerage Services (CBSI) teams, which are part of the Commercial Tradable Products department.
Essential Functions
Ensure new CMG accounts are properly set up on FIS InTrader for trade settlement and asset servicing
Review and approve cash and position reconciliations for CMG and CBSI. Work with teams to resolve outages
Review and approve end of day wire/draw for State Street. Monitor balances and escalate to State Street management if funding does not occur timely
Ensure compliance with SEC regulations, Sarbanes-Oxley Act requirements, and internal audit controls and respond to examination and audit requests as needed
Train or cross-train staff on department responsibilities and new client requirements
Participate in the management of the FIS InTrader vendor relationship, including risk assessment completion and testing and implementation of custom enhancements
Understand relational database structure and learn basic query writing using Microsoft Excel utilizing ODBC
Complete profit and loss calculations and process draw of dividends for CBSI
Complete pricing and pending trade general ledger transactions on first business day for CMG and CBSI
Complete CMG safekeeping bills monthly and ensure that the payment is received
Review and authorize Federal Reserve charges and State Street invoices
Process money market and repossessions, including collateral movements and pricing
Process company settlements and trade/CD processing, including issue resolution
Monitor FIS InTrader Gateway and STN
Perform other duties as assigned
Knowledge, Skills & Abilities
Ability to think logically and look for ways to streamline processes for efficiency or reduce risk
Ability to thrive in a fast-paced environment while maintaining a high level of accuracy
Analytical and problem-solving skills with ability to resolve problems and make decisions
Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
Inquisitive, agile, and strong team player with good 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
Intermediate level proficiency with Microsoft Word, Excel and Outlook
Experience & Education
Bachelor’s degree in finance, accounting, or other field, or equivalent combination of education and experience required
3+ years trust or financial services experience required
1+ years of InTrader experience preferred
***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 Wealth Utility Specialist – Bank Operations job and contemplates a wide range of factors that are considered in 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, it is not typical for an individual to be hired at or near the top of the range for their role, and compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $22.60 to $ 26.70 per hour. 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.
#LI-Hybrid
Location: 811 Main St, Kansas City, Missouri 64105
Time Type:
Full time
