Group Manager I, Wealth Operations at Commerce Bank in Kansas City, Missouri

Job Description:

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: $116,500.00 - $139,000.00 (Amount based on relevant experience, skills, and competencies.)



About This Job



The main purpose of this job is to collaborate with the Director to design and implement short- and long-term initiatives that support the Wealth Operation's strategic goals.



Essential Functions

• Collaborate with the Director to design and implement short- and long-term initiatives that support the company's strategic goals
  
  


• Lead the Wealth Operations Reconciliation team, offering strategic guidance to drive process improvements and optimize functionality, with a strong emphasis on client impact and reconciliation accuracy
  
  


• Support the oversight of the Corporate Action & Income teams, contributing insights to drive process improvements
  
  


• Maintain strong relationships with the Wealth Operations Middle Office. Conduct regular meetings to align on initiatives and actions needed by the Wealth Operations teams.
  
  


• Adopt a continuous learning mindset to proactively develop new skills and knowledge, enabling the ability to take on increased leadership responsibilities within the Wealth Operations department and drive department success
  
  


• Lead, mentor and motivate team members to implement the department strategy and be responsible for upholding the company culture and driving it within the organization
  
  


• Communicate decisions, priorities and relevant information to appropriate levels of staff effectively
  
  


• Oversee budget management, planning and expenditure
  
  


• Perform other duties as assigned
  
  

Knowledge, Skills & Abilities Required

• Strong knowledge of the Wealth and Capital Markets Operations field, including knowledge of best practices
  
  


• Strong knowledge of Wealth Operations, including best practices for bank-wide reconciliations, asset setup, accounting, and corporate actions
  
  


• Proficient in staying updated on trust legislation, regulatory guidelines, market trends, and conditions impacting debt and equity securities, as well as their placement, marketing, and administration
  
  


• Ability to drive results and balance management of organizational risk and meeting goals of the business
  
  


• Excellent interpersonal skills, including the ability to work across the organization and interact/influence/negotiate effectively at all levels of management and peers
  
  


• Strong leadership skills with ability to motivate team members and foster a positive team environment that gives way to collaboration and unified goals
  
  


• Ability to think critically, solve problems, make decisions and build trust across the company and effectively envision, develop, and implement new strategies to address competitive complex business issues
  
  


• Expert general management knowledge and skills, such as departmental goal setting and planning, budgeting and personnel administration
  
  


• 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
  
  

Education & Experience

• Bachelor's degree in Accounting, Finance, Management or equivalent combination of education and experience required. Master's degree preferred
  
  


• 8+ years Trust or Capital Markets Operations experience required
  
  


• 5+ years management experience required
  
  


• Series 99 licensing 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 Group Manager I, Wealth Operations level 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 $116,500 to $139,000 annually. This position will be eligible for additional compensation through performance-based incentive plan(s) that will correspond to meeting performance goals.


#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 to learn more.


Location: 811 MAIN, Kansas City, Missouri 64105


Time Type:
Full time Apply Now