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Associate Investment Compliance Principal - CMG & CBSI Institutional

Company: Commerce Bank
Location: Kansas City
Posted on: November 26, 2022

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 150 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 primary purpose of the Associate Investment Compliance Principal - Capital Markets Group (CMG) & CBSI Institutional ("ACP") position is to provide support for the overall compliance programs for both CMG and the CBSI Institutional Division. - This position will assist the CMG/CBSI Investment Compliance Team in efforts to facilitate overall compliance with CBI policies and designated business line ("DBL") policies and procedures. - The role of the ACP will require collaboration with the Compliance Team, the supported lines of business, as well as with individuals within the second line of defense Risk Management Department.

Essential Functions

  • Perform the compliance testing for both CMG and CBSI - Institutional activity. - Collaborate with team members on testing results, as well as updates or revisions required for testing procedures and/or related policies for both CMG and CBSI Institutional policies. -This includes: development of new tests and related procedures as applicable, and regulatory requirements related to CMG and CBSI transaction reporting.
  • Collaborate and provide guidance to the CMG and CBSI Institutional Division management team, as well as Registered Representatives ("RRs") for compliance matters and questions
  • Review electronic communications and correspondence in accordance with regulatory requirements
  • Participate in compliance meetings/discussions as needed with business line management
  • Assist with the review and implementation of the CMG Compliance and Testing Program
  • Assist the Institutional Compliance Principal in the review and implementation of the Institutional Division's Compliance and Testing Program. - Provide support for Regulatory Change Management, including performing research of regulatory requirements and compliance matters as needed.
  • Assist the Sr. Compliance Principal in the management of CMG and CBSI - Institutional Division's related overall regulatory examinations, inquiries, and related audits. May include: document and information requests with internal business partners and communication or follow-up with examination staff as needed.
  • Assist with reviews for the following: suitability and activity reviews for both CMG and CBSI Institutional Division, CMG/CBSI Registration Filings with FINRA and Federal Reserve, monitoring of Continuing Education Requirements and Outside Business Activities
  • Perform other duties as assigned, including: cross training on all roles performed within the CMG and CBSI Investment Compliance Team. Serve as back-up for the CBSI Institutional Division Principal and the CMG Surveillance Principal as needed. -Performance of testing for Volcker Compliance Program and activities of the International Banking Group. -
    Knowledge, Skills & Abilities Required
    • Intermediate knowledge of MSRB, SEC, and FINRA regulations as applicable to broker-dealers and bank-dealers
    • Intermediate knowledge or experience with investment sales practices, securities products, and the overall securities industry
    • Intermediate knowledge of risk management policies, procedures, and practices
    • Ability to automate processes and work with data to achieve efficiencies
    • Solid critical and analytical thinking, decision making, and innovative problem-solving skills
    • Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
    • Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills
    • Growth mindset: 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
    • Advanced level proficiency with Microsoft Word, Excel, Visio, Teams and Outlook
      Education & Experience
      • Bachelor's degree in Finance, Accounting, Economics, or Business Management/Administration or equivalent combination of education and experience required
      • 5+ years experience in compliance, regulatory, and/or back-office activities with broker-dealer required - -
      • General well-rounded and progressive compliance or related back-office experience preferred
      • Series 52, 53, 7 and 24 licenses required or willing to obtain

        Location: 1000 Walnut St, Kansas City, Missouri 64106Time Type:Full time

Keywords: Commerce Bank, Kansas City , Associate Investment Compliance Principal - CMG & CBSI Institutional, Accounting, Auditing , Kansas City, Kansas

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