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: $199,500.00 - $239,500.00 (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 a team of Portfolio Managers, Portfolio Management Associates and Investment Assistants. This position will be responsible for the team attaining financial objectives, effective coaching/leadership of members, and compliance. In addition, the team leader will be charged with the management of assigned Commerce Trust client portfolios which are considered key relationships, including establishment of investment objective, asset allocation, selection of specific securities, investment performance reporting, and client service.  (Key relationships include clients with larger than average portfolios, more sophisticated than average clients and/or sensitive client relationships.).  Participates in new business development opportunities for Commerce Trust.  The team lead will participate in strategy and /or policy-making committees.

Essential Functions

Lead the investment management activities of a team/region within the Commerce footprint

Work with senior trust management to develop strategy for the achievement of financial goals and client retention

Ensure all regulation and compliance activities meet company expectations

Determine the appropriate investment objective of assigned Commerce Trust client investment portfolios, work with the client and administrative officer as appropriate.  Determine the appropriate asset allocation mix, and implements the asset mix with approved securities, both equity and fixed income.

Meet with assigned Commerce Trust clients on a regular basis, providing portfolio and investment reporting and make investment recommendations as appropriate.  Provide information to clients regarding general market and economic conditions, consistent with the Commerce Trust investment and economic market outlook.

Participate proactively in the Commerce Trust Investment Committee process, providing complete and timely information about assigned client portfolios.  Actively participate in ensuring compliance with all relevant policies and procedures. 

Keep informed on a timely basis of investment industry developments, disseminating information as appropriate.  Participate in local Society of Financial Analysts program as appropriate. 

Lead, mentor and motivate team members to implement the department strategy and manage department workflow with guidance on departmental projects/issues, and provide coaching and development opportunities appropriate to each direct report's individual needs

Perform all necessary management functions, including hiring, evaluations, annual increase allocations and disciplinary action as required

Communicate decisions, priorities and relevant information to team members effectively

Support budget management, planning and expenditure

Perform other duties as assigned

Knowledge, Skills & Abilities Required

Strong knowledge of portfolio management, including knowledge of best practices

Solid understanding of various types of accounts and investment management thereof

Strong sales, presentation and negotiation 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

Strong critical thinking skills with the ability to apply discretion and sound judgement to efficiently and effectively solve problems

Ability to drive results and balance management of organizational risk and meeting goals of the business

Strong leadership skills with ability to motivate team members and foster a positive team environment that gives way to collaboration and unified goals

Outstanding interpersonal and relationship building skills with the ability to effectively communicate with all levels of the company, clearly expressing ideas and concepts both verbally and in writing

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

Intermediate level proficiency with Microsoft Word, Excel, Teams and Outlook  

Education & Experience

Bachelor’s degree or equivalent combination of education and experience required.  Master’s degree preferred.

7+ years trust, bank or investment management experience required

3+ years leadership/supervisory 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.

***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 Manager, Portfolio Management - CTC job and contemplates a wide range of factors that are considered in 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 $199,500 to $239,500 annually. This position will be eligible for additional compensation through performance-based incentive plan(s) that will correspond to meeting performance goals.

The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits.  Click here to learn more.

Location: 1000 Walnut St, Kansas City, Missouri 64106

Time Type:

Full time