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.)
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 role is to perform testing assessments to ensure Commerce Trust (“CT”) compliance with trust and fiduciary laws and regulations and resides within the 1st line of defense. The Risk Monitoring Analyst – Trust will partner with CBI Risk Management team members and leadership to understand and assess CT policies, procedures, and controls, complete testing assessments, and assist with the preparation of reports that summarize the findings of completed testing assessments.
Essential Functions
- Analyze and evaluate controls, processes, and procedures of departments of CT under applicable laws, regulations, and CT or bank policy
- Prepare workpapers that adequately support test work performed and conclusions reached
- Assist with preparation and updating of test plans as necessary
- Assist with the preparation of clear and concise risk management testing reports
- Assist with providing recommendations to management for mitigation of risk
- Monitor progress of corrective actions implemented to address compliance violations or deficiencies noted in testing and/or regulatory examinations
- Perform duties in a manner to meet target completion goals, and other department performance metrics set by management
- Perform other duties as assigned
Knowledge Skills & Abilities Required
- Basic knowledge of Trust regulations
- Ability to understand processes and data flows
- Critical analysis skills sufficient to analyze and communicate complex legal/regulatory concepts
- Ability to maintain a high degree of confidentiality
- 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 learn regulatory review systems and databases
- 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
- Basic level proficiency with Microsoft Word, Excel and Outlook
Education & Experience
- Bachelor’s degree or equivalent work experience required
- 1+ years of banking experience and/or experience as a risk officer, risk analyst, risk auditor, quality control specialist, personal trust administrator, trust operations or other similar role in the financial services industry, or equivalent technical knowledge 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 Risk Monitoring Analyst I – CTC 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.
Location: 922 Walnut, Kansas City, Missouri 64106
Time Type:
Full time
