Senior Portfolio Manager - Commerce Trust

Mercantil Commerce Bank; Clayton (MO); On-site; USD 137,000 - 215,000; Full time

Benefits offered by this job

employer sponsored health

employer sponsored dental

employer sponsored vision insurance

401(k)

life insurance

paid vacation

paid personal time

career development

education assistance

voluntary supplemental benefits

Job summary

Commerce Bank, headquartered in Clayton, Missouri, seeks an experienced Portfolio Manager III & Senior for Commerce Trust. The role focuses on managing assigned client portfolios, establishing investment objectives, asset allocation, and performance reporting, with emphasis on client service and timely investment recommendations.

Required are a bachelor’s degree and 6+ years in trust/bank/investment management; CFA/CFP preferred.

Qualifications

• 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.
• Must be eligible to work in the US without sponsorship now or in the future.

Responsibilities

• Lead portfolio management and establish investment objectives for client portfolios.
• Meet with clients regularly to provide portfolio reports and recommendations.
• Determine investment objectives and asset allocation with clients.
• Provide market and economic updates to clients.
• Support investment committees with timely information.
• Collaborate with private client associates for client service.
• Participate in new business development.
• Perform other duties as assigned.

Skills

Portfolio management

Investment management

Presentation skills

Decision making

Driver’s license

Attention to detail

Multitasking

Communication skills

Education

Bachelor’s degree

CFA/CFP 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.

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

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 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.

#LI-DB1 Must be eligible to work in the US without sponsorship now or in the future.

Benefits

• employer sponsored health
• employer sponsored dental
• employer sponsored vision insurance
• 401(k)
• life insurance
• paid vacation
• paid personal time
• career development
• education assistance
• voluntary supplemental benefits

Location: 8000 Forsyth Blvd, Clayton, Missouri 63105

Time Type: Full time

Commerce Bank has been awarded numerous awards for our company culture. We have been included on distinguished lists such as Forbes’ Best Midsized Employers, Forbes’ Best Employers for Women, and Korn Ferry’s Engaged Performance Award. You’ll see the difference for yourself when you join the team.

Why Commerce?

Inclusion at Commerce

Equal Opportunity Employer

Commerce Bank is proud to be an Equal Employment Opportunity employer and believes that every individual should have the opportunity to work at a job for which he, she or they qualifies. We celebrate diversity and do not discriminate based on race, color, ancestry, ethnicity, gender identity, gender expression, sex, sexual orientation, disability (including physical or mental handicap), age, veteran status, military status, national origin, religion, pregnancy status, marital status, genetic information, or any other status protected by applicable federal, state or local law.