Kansas City, MO, 64106, USA
60 days ago
Manager, Compliance Monitoring
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 more than 155 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: $100,500.00 - $119,000.00 (Amount based on relevant experience, skills, and competencies.) About This Job The main purpose of this role is to work independently under the general direction of the Chief Compliance Officer – Banking and manage a team of Compliance Monitoring Analysts. This role assists the Chief Compliance Officer – Banking with operating a documented, risk-based Compliance Monitoring Program which evaluates and validates compliance control activities of the first line for defense. Leads the Compliance Monitoring team in conducting monitoring, testing, and general review activities for the Bank. Essential Functions + 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 + Oversee daily operations, including the performance of monitoring, testing, and general review activities by business line, product or regulatory requirement, documenting compliance testing findings in report form, and following up on related required actions from compliance monitoring reports + 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 + Provide training to staff to facilitate career growth and development. Provide direction to staff on compliance monitoring activities and mentor others to increase compliance and testing competencies. + Facilitate communication and coordinate efforts with the compliance teams and risk management leadership + Coordinate testing plans with internal leadership teams + Develop annually, and adjust as necessary, the compliance monitoring and testing schedule based on risk assessments and team expertise and capacity + Review and approve via sign off each monitoring engagement’s timing, scope, and extent of testing + Review, provide feedback, and sign off on examination workpapers prepared by staff + Perform other duties as assigned Knowledge, Skills & Abilities Required + Strong knowledge of banking compliance, including best practices + Ability to handle sensitive issues professionally and discretely + Excellent reading and comprehension skills + Highly organized, ability to work autonomously with little supervision, and ability to manage multiple tasks and priorities + 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 + Advanced level proficiency with Microsoft Word, Excel, Teams and Outlook Education & Experience + Bachelor’s degree in a Business or other related field such as Accounting, Finance, or equivalent combination of education and experience required. Master’s degree, Juris Doctorate preferred. + 6+ years compliance experience required + 3+ years leadership/supervisory experience preferred + Certified Regulatory Compliance Manager (CRCM) or CAMS certification preferred + Continuing education in banking compliance preferred ***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, Compliance Monitoring 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, it is not typical for an individual to be hired at or near the top of the range for their role, and compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $100,500 to $119,000 annually. #LI-Hybrid 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 (https://careers.commercebank.com/us/en/benefits) to learn more. Location: 922 Walnut, Kansas City, Missouri 64106 Time Type: Full time Commerce Bank has been awarded numerous awards for our company culture. We have been included on distinguished lists such as Forbes’ Best Midsized Employers, Forbes’ Best Employers for Women, and Korn Ferry’s Engaged Performance Award. You’ll see the difference for yourself when you join the team. Why Commerce? (https://www.commercebank.com/careers/about-commerce) Inclusion at Commerce How to Join Our Team (https://www.commercebank.com/careers/how-to-join-our-team) Want to be notified of positions that fit your preferences? Follow these easy steps: + Create a Candidate Account at the top of the page by selecting "Sign In" upper right corner + Sign-up up for Job Alerts + We’ll contact you about positions that match your skills and interests Equal Opportunity Employer Commerce Bank is proud to be an Equal Employment Opportunity employer and believes that every individual should have the opportunity to work at a job for which he, she or they qualifies. We celebrate diversity and do not discriminate based on race, color, ancestry, ethnicity, gender identity, gender expression, sex, sexual orientation, disability (including physical or mental handicap), age, veteran status, military status, national origin, religion, pregnancy status, marital status, genetic information, or any other status protected by applicable federal, state or local law.
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