Manager, Portfolio Management - Commerce Trust

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: $199,500.00 - $239,500.00 (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 job is to manage a team of Portfolio Managers, Portfolio Management Associates and Investment Assistants. This position will be responsible for the team attaining financial objectives, effective coaching/leadership of members, and compliance. In addition, the team leader will be charged with the management of assigned Commerce Trust client portfolios which are considered key relationships, including establishment of investment objective, asset allocation, selection of specific securities, investment performance reporting, and client service.  (Key relationships include clients with larger than average portfolios, more sophisticated than average clients and/or sensitive client relationships.).  Participates in new business development opportunities for Commerce Trust.  The team lead will participate in strategy and /or policy-making committees.

Essential Functions

• Lead the investment management activities of a team/region within the Commerce footprint

• Work with senior trust management to develop strategy for the achievement of financial goals and client retention

• Ensure all regulation and compliance activities meet company expectations

• Determine the appropriate investment objective of assigned Commerce Trust client investment portfolios, work with the client and administrative officer as appropriate.  Determine the appropriate asset allocation mix, and implements the asset mix with approved securities, both equity and fixed income.

• Meet with assigned Commerce Trust clients on a regular basis, providing portfolio and investment reporting and make investment recommendations as appropriate.  Provide information to clients regarding general market and economic conditions, consistent with the Commerce Trust investment and economic market outlook.

• Participate proactively in the Commerce Trust Investment Committee process, providing complete and timely information about assigned client portfolios.  Actively participate in ensuring compliance with all relevant policies and procedures. 

• Keep informed on a timely basis of investment industry developments, disseminating information as appropriate.  Participate in local Society of Financial Analysts program as appropriate. 

• Lead, mentor and motivate team members to implement the department strategy and manage department workflow with guidance on departmental projects/issues, and provide coaching and development opportunities appropriate to each direct report's individual needs

• Perform all necessary management functions, including hiring, evaluations, annual increase allocations and disciplinary action as required

• Communicate decisions, priorities and relevant information to team members effectively

• Support budget management, planning and expenditure

• Perform other duties as assigned

Knowledge, Skills & Abilities Required

• Strong knowledge of portfolio management, including knowledge of best practices

• Solid understanding of various types of accounts and investment management thereof

• Strong sales, presentation and negotiation skills

• Ability to maintain a valid driver’s