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

Hourly: $26.25 - $45.45 (Amount based on relevant experience, skills, and competencies.)

About This Job

The main purpose of this job is to ensure adherence to Bank Secrecy Act (BSA)/Anti-Money Laundering (AML)/Office of Foreign Assets Control (OFAC) statutes and regulations and the Commerce Bank BSA/AML/OFAC Policy. Assure adherence to applicable regulations and business line policies and procedures. Review and analyze data to form conclusions and perform other tasks to positively impact regulatory outcomes.

Essential Functions

Manage, update, and complete the annual Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) Risk Assessment process

Assist in preparation for internal audits and regulatory examinations by managing the gathering of requested documentation

Foster and maintain relationship between Financial Intelligence Units (FIUs) and various lines of business whose products and policies have a direct impact on the bank’s BSA/AML/Office of Foreign Assets Control (OFAC) risk. Including, but not limited to, advising on the development of new or updated line of business programs.

Develop and distribute impact analysis related to regulatory Enforcement Actions

Manage and maintain FIUs adherence to 311 Special Measures guidance

Act as the FIU’s representative on issues related to the bank’s front-end Enhanced Due Diligence (EDD) processes

Perform Quality Control reviews on AML and Corporate Investigations cases that necessitate Suspicious Activity Report (SAR) filings, as needed

Develop and perform Quality Control processes to ensure AML and external business line policies and procedures are being followed, as needed

Assist in analyzing and updating Commerce’s BSA/AML/OFAC Policy

Assist in preparation of management reports, as needed

Assess the impact of potential customers on BSA/AML/OFAC risk as needed or requested

Prepare and distribute statistical reports as needed or requested

Develop and review bank-wide regulatory training as it pertains to BSA/AML/OFAC

Facilitate and update annual Board training as it pertains to BSA/AML/OFAC

Complete annual Wolfsberg update and respond to program verification requests from external relationships

Perform other duties as assigned

Knowledge, Skills & Abilities Required

Extensive knowledge of BSA/AML/OFAC statutes/regulations/changes and their potential impact on Commerce’s BSA/AML/OFAC Policy

Excellent reading and comprehension skills

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

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

Education & Experience

Bachelor’s degree in Audit/Accounting, Criminal Justice, or Business Administration or equivalent combination of education and experience required

6+ years banking and/or investigations experience in Compliance, Audit, Deposit Operations, or retail banking required

Experience with FinTechs and emerging technologies preferred

Certified Anti-Money Laundering Specialist (CAMS) certification preferred

**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 FIU Governance Advisor I, II, and Senior 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 $26.25 to $45.45 per hour.

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, Kansas City, Missouri 64106

Time Type:

Full time