Senior Securities Specialist - Asset Set-Up

Commerce Bank•Kansas City, MO

23h•$24 - $28•Hybrid

About The Position

The main purpose of this job is to establish New Assets on the system within security guidelines established by Commerce Trust including both the Equity, Fixed Income Investment, and Special Asset Advisors/Portfolio Managers

Requirements

Strong knowledge of Traded/Non-Traded Security Types and the impact various set-up functions have on other aspects of security processing
Strong analytical and critical thinking skills with ability to solve complex issues and make decisions
Strong customer service skills
Ability to think with a growth mindset and recommend ways to streamline processes for efficiency
Ability to work independently, prioritize and perform varied assignments with frequent distractions
Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
Inquisitive, agile, and strong collaborator with strong 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
Advanced level proficiency with Microsoft Word, Excel, Teams, and Outlook
Associate’s degree or equivalent combination of education and experience required
3+ years of Financial Services Industry related experience with securities knowledge required

Responsibilities

Establish New Assets on the system within security guidelines established by Commerce Trust including both the Equity, Fixed Income Investment, and Special Asset Advisors/Portfolio Managers
Complete set-up requirements, including the assignment of asset reporting and processing types, as well as market capitalization and investment style, which drives statement and client presentation reporting
Complete asset pricing on traded and non-traded assets covering daily, weekly, and monthly requirements. This includes quality review functions to ensure Asset Market Value correctly reflected on High-Net-Worth Trust Client Reporting.
Perform complex pricing calculations on Alternative Asset Types and Collateral Pricing requirements
Complete all Asset Compliance Requirements such as Regulatory ASC820 Reporting, Stale Pricing Requirements, Quarterly IRA Pricing Review
Conduct quality reviews, including asset rate and maturity date revies, (called bond updates), and complete asset review requests from administrators
Demonstrate subject matter expert (SME) level knowledge of traded securities and complex asset types
Ensure accurate processing to avoid downstream impacts and reputational risk
Identify and mitigate liability risks associated with asset or settlement activities
Monitor, research, and resolve discrepancies or out-of-balance conditions
Identify opportunities for process improvement and operational efficiencies
Perform special project-related work as assigned