Job Information
Commerce Bank Investment Compliance Advisor - Trust in Kansas City, Missouri
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: $29.90 - $51.45 (Amount based on relevant experience, skills, and competencies.)
For more than a century, Commerce Trust has been a leading provider of wealth management services including financial planning, estate and tax planning, investment management, private banking and trust administration services. Our approach to wealth management means assembling a team of seasoned wealth management professionals across disciplines who collaborate to ensure each client’s financial journey is uniquely crafted for their goals. Commerce Trust is a division of Commerce Bank.
About This Job
The main purpose of this job is to provide compliance advice with respect to implementation of, and compliance with, rules and regulations applicable to Commerce Trust and assist leadership with performance of key functions of the Trust compliance management system. The job will involve, among other things, providing compliance advice to Commerce Trust management and employees, policy and procedure review, compliance support for Commerce Trust projects, examination management, marketing reviews, complaint processes, compliance reporting, risk committee participation, and training content development.
Essential Functions
Maintain ongoing relationships with Commerce Trust business lines and support unit partners
Respond to inquiries/requests for general compliance guidance regarding business line policies, procedures, and regulatory issues
Review and evaluate the effectiveness of operating procedures and controls related to compliance objectives
Assist in review and/or implementation of new products, services, and/or software as it relates to compliance functions. Provide advice during the development and installation of solutions to ensure proper implementation of compliance requirements and development of ongoing compliance controls
Assist leadership with regulatory examinations, including document gathering, responding to requests, facilitating meetings between Commerce Trust staff and examiners, and addressing exceptions
Gather, analyze, and interpret proposed new/revised state or federal laws and regulations and disseminate appropriate information to Commerce Trust business lines
Develop and review content for compliance training programs, including advice to business lines on 1st line of defense training opportunities and content development
Review client complaints, responses, and documentation to ensure policy was followed, advising line of business as necessary
Review external marketing material prior to issuance in conjunction with Trust Legal
Assist with quarterly compliance report, including summarizing testing results, examination summary, regulatory updates, training schedules, and summary of customer complaints
Assist leadership with projects/duties related to the compliance management system
Attend Commerce Trust committee meetings, as requested
Perform other duties as assigned
Knowledge Skills & Abilities Required
Critical analysis skills sufficient to analyze and communicate complex legal/regulatory concepts
Knowledge of account administration, investments and investment sales practice and procedures
Ability to think strategically across multiple areas of business to create practical compliance solutions
Sound business and professional judgment
Skilled at providing compliance advice in the face of ambiguity
Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
Inquisitive, agile and strong team player with excellent 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
Ability to maintain a high degree of confidentiality
Intermediate level proficiency with Microsoft Word, Excel and Outlook
Education & Experience
Bachelor’s degree or equivalent combination of education and experience required
4+ years of compliance experience or equivalent technical knowledge required
2+ years of well-rounded and progressive trust or banking experience preferred
Certified Fiduciary Investment Risk Specialist (“CFIRS”) or related certifications, or admission to the Bar preferred
As Commerce Trust is exempt from the definition of “broker-dealer”, securities based licenses, such as FINRA Series 7/24 or MSRB Series 50/52/53/54 are not eligible to obtained or maintained in this position.
*Hybrid Schedule: In office 1 day per week
**Level of role is determined by knowledge, experience, skills, abilities, and education
*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 Investment Compliance Advisor I, II, III, and Senior - Trust 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 $29.90 to $51.45 per hour.
#LI-Hybrid
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 (https://careers.commercebank.com/us/en/benefits) to learn more.
Location: 1000 Walnut, Kansas City, Missouri 64106
Time Type:
Full time
Commerce Bank has been awarded numerous awards for our company culture. We have been included on distinguished lists such as Forbes’ Best Midsized Employers, Forbes’ Best Employers for Women, and Korn Ferry’s Engaged Performance Award. You’ll see the difference for yourself when you join the team.
Why Commerce? (https://www.commercebank.com/careers/about-commerce) Inclusion at Commerce How to Join Our Team (https://www.commercebank.com/careers/how-to-join-our-team)
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Equal Opportunity Employer
Commerce Bank is proud to be an Equal Employment Opportunity employer and believes that every individual should have the opportunity to work at a job for which he, she or they qualifies. We celebrate diversity and do not discriminate based on race, color, ancestry, ethnicity, gender identity, gender expression, sex, sexual orientation, disability (including physical or mental handicap), age, veteran status, military status, national origin, religion, pregnancy status, marital status, genetic information, or any other status protected by applicable federal, state or local law.