Commerce Bank
Supervisor, Corporate Actions Wealth Operations
Commerce Bank, Kansas City, Missouri, United States, 64101
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 Annual Salary: $62,000.00 - $94,500.00 (Amount based on relevant experience, skills, and competencies.) About This Job
The main purpose of this job is to lead, develop & execute all processing functions related to the processing of Corporate Action events, Mandatory and Voluntary Events, Amortization and Accretion, within the CTC client accounts. Essential Functions
Monitor daily Voluntary and Mandatory Corporate Actions, Amortization and Accretion, Calls/Maturities processing for both Trust and Capital Market client accounts to ensure timely and accurate processing. Compile data used for management reporting, such as PAS, Budget Variance and Risk Assessments by established deadlines. Recognize liability impact inaccurate processing creates exposure to monetary risk, tax reporting risk for high-net-worth clients and reputational risk to the bank. Ensure timely and accurate processing and respond promptly to out-of-balance situations. Collaborate with team members and partners to identify areas of opportunities for efficiency and automation within daily processes and procedures to support scalable client solutions. Promote a culture of continuous improvement within and across departments. Oversee department workflow and effectively communicate decisions, priorities and relevant information to team members. Provide guidance to team members on departmental projects/issues, coach and develop training plans, lead development conversations and answer day-to-day questions for team members. Perform other duties as assigned. Knowledge, Skills & Abilities Required
Strong knowledge of back-office Wealth Management and marketable securities. Strong knowledge of Traded Security Types and the impact various event types have on other aspects of security processing. Ability to develop and coach team members with proven ability to achieve results through collaboration and teamwork. Self-starter with strong decision-making skills and the ability to effectively communicate and interact with all levels of the company, clearly expressing ideas and concepts, both verbally and in writing. 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, Teams and Outlook. Education & Experience
Bachelor's degree or equivalent combination of education and experience required. 3+ years Wealth Management experience required. 3+ years of experience in the Financial Services Industry with securities knowledge required. 1+ years leadership experience required. Location: 811 Main St, Kansas City, Missouri 64105 Time Type: Full time
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 Annual Salary: $62,000.00 - $94,500.00 (Amount based on relevant experience, skills, and competencies.) About This Job
The main purpose of this job is to lead, develop & execute all processing functions related to the processing of Corporate Action events, Mandatory and Voluntary Events, Amortization and Accretion, within the CTC client accounts. Essential Functions
Monitor daily Voluntary and Mandatory Corporate Actions, Amortization and Accretion, Calls/Maturities processing for both Trust and Capital Market client accounts to ensure timely and accurate processing. Compile data used for management reporting, such as PAS, Budget Variance and Risk Assessments by established deadlines. Recognize liability impact inaccurate processing creates exposure to monetary risk, tax reporting risk for high-net-worth clients and reputational risk to the bank. Ensure timely and accurate processing and respond promptly to out-of-balance situations. Collaborate with team members and partners to identify areas of opportunities for efficiency and automation within daily processes and procedures to support scalable client solutions. Promote a culture of continuous improvement within and across departments. Oversee department workflow and effectively communicate decisions, priorities and relevant information to team members. Provide guidance to team members on departmental projects/issues, coach and develop training plans, lead development conversations and answer day-to-day questions for team members. Perform other duties as assigned. Knowledge, Skills & Abilities Required
Strong knowledge of back-office Wealth Management and marketable securities. Strong knowledge of Traded Security Types and the impact various event types have on other aspects of security processing. Ability to develop and coach team members with proven ability to achieve results through collaboration and teamwork. Self-starter with strong decision-making skills and the ability to effectively communicate and interact with all levels of the company, clearly expressing ideas and concepts, both verbally and in writing. 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, Teams and Outlook. Education & Experience
Bachelor's degree or equivalent combination of education and experience required. 3+ years Wealth Management experience required. 3+ years of experience in the Financial Services Industry with securities knowledge required. 1+ years leadership experience required. Location: 811 Main St, Kansas City, Missouri 64105 Time Type: Full time