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
Hourly: $23.20 - $26.90 (Amount based on relevant experience, skills, and competencies.)
About This Job
The main purpose of this job is to monitor and process industry Mandatory and Voluntary Corporate Action events as well as, calculating and processing Amortization and Accretion and monitoring Proxy activity, while ensuring timely and accurate posting for events within the Commerce Trust Company client accounts.
Essential Functions
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Demonstrate subject matter expert (SME) level knowledge of traded securities asset types as well as securities activities such as securities trading, securities settlement, free activity, and securities income.
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Monitor event notice reports and maintain within the internal Corporate Action application.
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Monitor, research, and resolve out of balances appearing on Corporate Action related reconciliation reports.
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Perform complex taxation calculations on Corporate Action events to ensure cost basis and transactional accuracy.
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Ability to manually calculate and post Amortization and Accretion when appropriate.
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Monitor Proxy notices and assist internal partners on client account voting discrepancies as needed.
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Identify and prevent liability risks related to event types for both Voluntary and Mandatory Corporate Actions
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Identify opportunities for process improvement and process efficiencies.
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Perform special project related work as assigned.
Knowledge, Skills & Abilities Required
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Strong knowledge of Traded Security Types and the impact various event types have on other aspects of security processing, such as pending trade activity.
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Ability to recognize the critical impact of accurate processing and how it affects downstream processes.
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Strong analytical and critical thinking skills with ability to solve complex issues and make decisions.
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Strong customer service skills
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Ability to think with a growth mindset and recommend ways to streamline processes for efficiency.
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Ability to work independently, prioritize and perform varied assignments with frequent distractions.
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Motivated and organized initiative-taker with strong attention to detail and the ability to manage multiple priorities.
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Inquisitive, agile, and strong collaborator with strong written, verbal, and interpersonal communication skills
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Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that aligns with our culture and Core Values
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Advanced level proficiency with Microsoft Word, Excel, Teams, and Outlook
Education & Experience
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Associate’s degree or equivalent combination of education and experience required
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3+ years of Financial Services Industry related experience with securities knowledge required
**Hybrid Schedule: In office 2 days per week
***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 Corporate Actions Specialist - 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 $23.20 to $26.90 per hour.
#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: 922 Walnut, Kansas City, Missouri 64106
Time Type:
Full time
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What We Do
At Commerce Bank, we know life’s best moments can come with some financial complexity. Our job is to help people and businesses navigate challenges so they can get back to focusing on what matters most. We do this by getting to know our customers and communities and accepting their goals as our own to deliver the right financial solutions and guidance. It’s what we’ve done for more than 150 years. We’re a regional bank headquartered in Kansas City and St. Louis, delivering a full line of financial services including business and personal banking, checking, savings, loans (including mortgages and student loans), credit and debit cards, plus investment services and wealth management.
