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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: $70,500.00 - $83,000.00 (Amount based on relevant experience, skills, and competencies.)

About This Job

The main purpose of this job is to supervise staff and processes associated with clearance and settlement of stocks, bonds, and mutual fund trades, in both foreign and domestic markets.

Essential Functions

+ Supervise staff and processes associated with clearance and settlement of stocks, bonds, and mutual fund trades, in both foreign and domestic markets

+ Provide services for special assets such as Limited Partnerships, LLC's, LLP's Private placements, and hedge funds

+ Oversee activities related to repurchase agreements and money market fund activities

+ Supervise the processing of Certificates of Deposit for the Capital Markets Group

+ Participate in the management of the FIS InTrader vendor relationship, including risk assessment completion and testing and implementation of custom enhancements

+ Monitor and direct all daily, weekly, and monthly settlement activity to ensure accurate and efficient processing within the area

+ Manage liability to reduce risk of inaccurate settlement processing of stocks, bonds, mutual fund trades and ACM Settlement to avoid monetary risk, significant reputational risk with high net-worth clients, exposure to large fee losses from Trust Clients, and confidence risk with administrators and portfolio managers

+ Ensure all compliance related requirements for Audit/Compliance are completed to ensure no violations occur

+ Develop comprehensive conversion and testing plans and successfully implement new enhancements with zero defects

+ 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 in handling settlement of various types of securities instruments, Stocks, Bonds, Mutual Funds, Alternative Assets, and knowledge of Global Securities processing/settlement via industry depositories (DTCC, Federal Reserve, NSCC, State Street, and BNY Mellon)

+ Ability to effectively oversee and coordinate the representation of trade settlement across multiple business lines in project related activities

+ Ability to collaborate successfully with both administrative and portfolio managers to ensure Trust Client requirements are exceeded

+ Ability to recommend changes for process improvements and recognize project related cross-functional impact

+ Ability to coach and develop team members with proven experience to build teams within area of influence

+ 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 written

+ Ability to remain adaptable and resilient in all situations with an optimistic outlook and cast a positive show 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

+ 4+ years of Trust Operations Experience or equivalent required

+ 4+ years of experience within Financial Industry required

+ 3+ years of asset management experience required

+ 2+ years leadership experience required

+ Experience in Management Reporting required

***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 Supervisor, Trade Settlement - Wealth 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, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $ 70,500 to $ $83,000 annually

#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.

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.