Senior Portfolio Manager - Commerce Trust

commercebank; Clayton (MO); On-site; USD 137,000 - 215,000; Full time

Job summary

Commerce Bank in Clayton, MO seeks a Portfolio Manager III & Senior to manage client portfolios, set investment objectives, allocate assets, and report performance. You will collaborate with the team to implement investment strategies and ensure client objectives are met.

You will meet with clients, provide timely investment recommendations, support committees, and help grow the practice while maintaining compliance and a client-focused approach.

Qualifications

• Requires Bachelor's degree or equivalent with 6+ years in trust/bank or investment management.
• CFA and/or CFP designation preferred.
• Strong portfolio management and investment reporting skills.
• Excellent communication and interpersonal abilities.

Responsibilities

• Participate in leadership activities, including policy and strategy committees.
• Serve as a resource for other members of department.
• Meet with assigned clients regularly to provide portfolio and investment reporting.

Skills

Portfolio management

Investment management

Presentation skills

Independent decision-making

Driver's license

Self-starter

Team player

Adaptability

MS Office

Education

Bachelor's degree or equivalent

6+ years trust/bank/investment experience

CFA/CFP designation preferred

Tools

Microsoft Word

Microsoft Excel

Microsoft 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.

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-creative 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

• Advanced knowledge of portfolio management
• Understanding of various types of accounts and investment management
• Advanced presentation skills along with well-developed negotiation skills
• Independent decision-making 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
• 6+ 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