Portfolio Manager - Commerce Trust

Commerce Trust; St. Louis (MO); On-site; USD 137,000 - 215,000; Full time

Benefits offered by this job

Health, dental and vision insurance

401(k) plan

Paid vacation and personal time

Job summary

Commerce Trust in Clayton, MO is seeking a Portfolio Manager III & Senior to lead assigned client portfolios, establish investment objectives, asset allocation, and report performance. The role requires meeting clients, providing investment recommendations, and collaborating with private client teams.

The ideal candidate has 5+ years in trust or investment management, with a Bachelor's degree and CFA/CFP designation preferred. Benefits include health/dental/vision, 401(k), and paid vacation time.

Qualifications

• Bachelor’s degree or equivalent combination of education and experience.
• 5+ years trust, bank or investment management experience.
• CFA and/or CFP designation preferred.

Responsibilities

• Meet with assigned clients regularly and provide portfolio reporting.
• Determine appropriate investment objectives for client portfolios and work with clients accordingly.
• Provide investment recommendations and timely reporting for assigned portfolios.
• Review client portfolios to ensure objectives are met and align with recommendations.
• Support investment committees with complete information on client portfolios.
• Maintain strong client relationships and assist with new business development.

Skills

Portfolio management

Investment management concepts

Presentation skills

Communication skills

Education

Bachelor's degree

CFA/CFP designation preferred

Tools

Microsoft Office (Word, Excel, Teams, Outlook)

Job description

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.

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: $137,000.00 - $214,500.00 (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 assigned client portfolios, including establishment of investment objective, asset allocation, selection of specific securities, investment performance reporting, and client service.
Essential Functions

• Participate in leadership activities, including policy and strategy committees
• Serve as a resource for other members of department
• Meet with assigned clients on a regular basis, provide portfolio and investment reporting and make investment recommendations as appropriate
• Determine appropriate investment objective of assigned client investment portfolios, work with the client and administrative officer as appropriate
• Provide information to clients regarding general market and economic conditions, consistent with the investment and economic market outlook
• Review existing client portfolios to ensure investment objectives are being met, portfolios are in compliance with investment objectives and Commerce security-specific recommendations
• Provide timely implementation of security-specific recommendations in assigned client portfolios
• Pro-actively discuss investment and/or client problems and concerns with leadership in order to promote timely resolution of outstanding issues
• Provide support to the investment committees by providing complete and timely information about assigned client portfolios
• Maintain constructive, pro-active working relationship with private client associates to provide timely client service
• Participate in new business development
• Perform other duties as assigned

Knowledge, Skills & Abilities Required

• Strong knowledge of portfolio management
• Understanding of various types of accounts and investment management
• Advanced presentation skills along with well-developed negotiation skills
• Ability to maintain a valid driver’s license and meet Commerce Bank’s driving record criteria; ongoing employment may be contingent upon meeting all driving requirements
• 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
• 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
• Basic level proficiency with Microsoft Word, Excel, Teams and Outlook

Education & Experience

• Bachelor’s degree or equivalent combination of education and experience required
• 5+ years trust, bank or investment management experience required
• Chartered Financial Analyst (CFA) and/or Certified Financial Planner (CFP) designation preferred

For this position, Commerce Bank will review your motor vehicle driving record. If you express interest in and are considered for this position, you’ll be asked to authorize our review of that record.

• Level of role is determined by knowledge, experience, skills, abilities, and education.
• 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 Portfolio Manager III & Senior - CTC job and contemplates a wide range of factors that are considered in determining most appropriate job level and 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 $137,000 to $214,500 annually. This position will be eligible for additional compensation through performance-based incentive plan(s) that will correspond to meeting performance goals.

Must be eligible to work in the US without sponsorship now or in the future.
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: 8000 Forsyth Blvd, Clayton, Missouri 63105
Time Type:
Full time