Senior Securities Specialist - Trust Operations at Commerce Bank in Kansas City, Missouri

Posted in Other 12 days ago.

Job Description:

About Working at Commerce

Wouldn't it be great to build your career at a bank that's known for helping people with their financial challenges? That's exactly what you'd be doing when you join the team at Commerce Bank. We're looking for teammates who are ready to do whatever it takes to help our customers with their everyday financial needs. You'd be helping yourself too, because Commerce has a tradition of recognizing and rewarding team members for their talent, skills and contributions.

No wonder we've been an industry leader for over 155 years and have developed a reputation as a great place to work in the financial services world. If you'd like to be a part of a team and culture that is respected by its peers and in your community, we should talk. We're always looking for the best and brightest.

About This Job

The Commerce Trust Company, a division of Commerce Bank, is ranked among the top 25 investment advisors in the U.S. with over $61 billion in client assets. The Commerce Trust Company concentrates on serving individuals, families, business owners and institutions investment management needs through a combination of world class capabilities and resources, objective advice, customized solutions, and excellent service. Candidate would be responsible for processing dividend and interest income from our Depository Trust Company (DTC) and Bank of New York (BONY) depositories, foreign ORD and ADR income; foreign tax withholding and related fees for Wealth Management customers.

Essential Functions

  • Perform amortization and accretion account model setup as needed, perform manual calculations and postings

  • Provide Commerce Trust Company's litigation vendor the information needed to be able to submit litigation claims on behalf of clients that qualify for the event

  • Post all litigation proceeds received to the appropriate client accounts

  • Prepare cost basis adjustment worksheets and distribute to team members for quality checks

  • Post all calls/maturities allocated at the depository's into client accounts

  • Identify areas of efficiency/automation within daily processes/procedures to ensure a scalable solution for clients

  • Cross train on appropriate functions within the securities processing area to assist during periods of high volume and absences

  • Perform other duties, including special projects, as needed

Knowledge, Skills & Abilities Required

  • Strong business acumen and the ability to make timely and sound business recommendations

  • Excellent customer service skills

  • Ability to prioritize work to meet deadline and service level agreements

  • Ability to thrive in a fast-paced environment while maintaining a high level of accuracy

  • Strong analytical and critical thinking skills

  • Ability to resolve problems and identify and drive process improvements

  • Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities

  • 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 Finance or Accounting or equivalent combination of education and experience required

  • 2+ years finance or investment management experience required

Location: 811 Main St, Kansas City, Missouri 64105

Time Type:
Full time
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