Compliance Analyst Investment Compliance

Commerce Bank   •  

Kansas City, MO

Industry: Accounting, Finance & Insurance


5 - 7 years

Posted 187 days ago

This job is no longer available.

Job Expectations:

How would you like to work for a great company that offers career growth and values your skills and experience? For over 150 years, Commerce Bank has built a strong reputation as a “Super Community” bank and is recognized as an industry leader. In today's growing and competitive financial services industry, we look for creative and innovative solutions to meet the needs of our customers. To achieve our results, we recruit the best and brightest employees who ask, listen and solve to meet our customers’ needs!

Works under the direct supervision of the Chief Compliance Officer for Capital Markets Group (“CMG”) - to ensure implementation of the Commerce Compliance Management System (CMS). Performance of compliance functions include support for CMG, International Banking Group, and the Volcker compliance programs.

Provide support for CMG Compliance team and perform elements of compliance testing for all CMG Compliance areas, including: bank dealer securities activities and respective regulatory requirements, interest rate swaps, foreign exchange, trade finance, and the Volcker compliance program

Capital Markets Group:
• Primary responsibility for the performance of compliance testing for CMG activities
• Coordinates with CMG Compliance Manager for any needed updates/revisions to testing procedures and CMG policies
• Develops new tests as needed Participates in compliance meetings with business line management
• Ability to respond to questions from CMG management and registered representatives
• Review of registered representatives outside business activities and personal investment accounts

• Primary responsibility for the performance of compliance testing for the International Banking Group
• Develops and maintain testing procedures
• Develops new tests as needed
• Participates in compliance meetings with business line manager
• Prepares draft quarterly compliance report
• Provides compliance support to management for initial or ongoing development of new or existing business activities

Volcker Compliance Program:
• Provides primary support for Volcker Compliance Program including:
o Assists with updates to related policy and procedures
o Assists with required Annual Progress Report to regulatory agencies and Board of Directors
• Supports coordination efforts and participates in Volcker Committee meetings:
o Prepares meeting materials and agendas
o Prepares draft minutes and manages open issues and follow-up items
• Assists with Quarterly Compliance Reports

Additional General Duties:
• Responds to business line management questions, inquiries, and/or follow-up items
• Performs independent research and review of new/revised regulations and monitors notices, enforcement actions, and interpretive guidance for impact to CMG, International, and Volcker compliance programs and requirements
• Provides support for regulatory examinations and internal audits
• Provides additional support/assistance with materials/coordination for:
o CMG investment product review committee meetings
o Other committees or group meetings as needed
• Coordinates and provides support for compliance management/tracking of CMG continuing education requirements for registered representatives
• Coordinates and provides support for development and maintenance of CMG training programs and modules
• Cross-trains with CMG Compliance team for business continuity and back-up purposes:
o CMG Surveillance Principal and CMG Compliance Manager
• Provides support as needed for CMG Compliance team’s projects and goals

Work Hours: Monday-Friday (8:00am-5:00pm)

Experience: 5+ years investment compliance related experience, or regulatory experience

Education: College degree required

Preferred applicants will have:
Securities licenses/registrations – required or willing to obtain:
• Series 52 (Municipal Securities Representative)
• Series 53 (Municipal Securities Principal)
- Bloomberg experience preferred.
- Good writing and interpersonal skills.