Supervisor, Trade Settlement – Wealth Operations

Commerce Bank•Kansas City, MO

1d•Hybrid

About The Position

The main purpose of this job is to supervise staff and processes associated with clearance and settlement of stocks, bonds, mutual fund trades and ACM Settlement in both foreign and domestic markets. This role involves monitoring and directing daily, weekly, and monthly settlement activity to ensure accurate and efficient processing, managing liability to reduce risk, and ensuring compliance with audit and regulatory requirements. The position also includes developing conversion and testing plans for new enhancements, overseeing department workflow, and providing guidance and coaching to team members.

Requirements

Strong knowledge of Trust or security asset types, settlement processes and depository settlement information
Ability to collaborate successfully with both administrative and portfolio managers to ensure Trust Client requirements are exceeded
Ability to recommend changes for process improvements and recognize project related cross-functional impact
Ability to coach and develop team members with proven experience to build teams within area of influence
Self-starter with strong decision-making skills and the ability to effectively communicate and interact with all levels of the company clearly expressing ideas and concepts both verbally and written
Ability to remain adaptable and resilient in all situations with an optimistic outlook and cast a positive show aligned with our culture and core values
Intermediate level proficiency with Microsoft Word, Excel, Teams, and Outlook
Bachelor’s degree or equivalent combination of education and experience required
3+ years of Trust Operations Experience or equivalent required
2+ years of asset management experience required
1+ years leadership experience required
Experience in Management Reporting required

Responsibilities

Supervise staff and processes associated with clearance and settlement of stocks, bonds, mutual fund trades and ACM Settlement in both foreign and domestic markets
Monitor and direct all daily, weekly, and monthly settlement activity to ensure accurate and efficient processing within the area
Manage liability to reduce risk of inaccurate settlement processing of stocks, bonds, mutual fund trades and ACM Settlement to avoid monetary risk, significant reputational risk with high net-worth clients, exposure to large fee losses from Trust Clients, and confidence risk with administrators and portfolio managers
Ensure all compliance related requirements for Audit/Compliance are completed to ensure no violations occur
Develop comprehensive conversion and testing plans and successfully implement new enhancements with zero defects
Oversee department workflow and effectively communicate decisions, priorities and relevant information to team members
Provide guidance to team members on departmental projects/issues, coach and develop training plans, lead development conversations and answer day-to-day questions for team members
Perform other duties as assigned