Investment Compliance Advisor - 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

Hourly: $29.90 - $51.45 (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 provide compliance advice with respect to implementation of, and compliance with, rules and regulations applicable to Commerce Trust and assist leadership with performance of key functions of the Trust compliance management system. The job will involve, among other things, providing compliance advice to Commerce Trust management and employees, policy and procedure review, compliance support for Commerce Trust projects, examination management, marketing reviews, complaint processes, compliance reporting, risk committee participation, and training content development.
 

Essential Functions

• Maintain ongoing relationships with Commerce Trust business lines and support unit partners

• Respond to inquiries/requests for general compliance guidance regarding business line policies, procedures, and regulatory issues

• Review and evaluate the effectiveness of operating procedures and controls related to compliance objectives

• Assist in review and/or implementation of new products, services, and/or software as it relates to compliance functions. Provide advice during the development and installation of solutions to ensure proper implementation of compliance requirements and development of ongoing compliance controls

• Assist leadership with regulatory examinations, including document gathering, responding to requests, facilitating meetings between Commerce Trust staff and examiners, and addressing exceptions

• Gather, analyze, and interpret proposed new/revised state or federal laws and regulations and disseminate appropriate information to Commerce Trust business lines

• Develop and review content for compliance training programs, including advice to business lines on 1st line of defense training opportunities and content development

• Review client complaints, responses, and documentation to ensure policy was followed, advising line of business as necessary

• Review external marketing material prior to issuance in conjunction with Trust Legal

• Assist with quarterly compliance report, including summarizing testing results, examination summary, regulatory updates, training schedules, and summary of customer complaints

• Assist leadership with projects/duties related to the compliance management system

• Attend Commerce Trust committee meetings, as requested

• Perform other duties as assigned

Knowledge Skills & Abilities Required

• Critical analysis skills sufficient to analyze and communicate complex legal/regulatory concepts

• Knowledge of account administration, investments and investment sales practice and procedures

• Ability to think strategically across multiple areas of business to create practical compliance solutions

• Sound business and professional judgment

• Skill