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: $80,000.00 - $107,000.00 (Amount based on relevant experience, skills, and competencies.)About This Job
The Commercial Payments Portfolio Risk Analyst will be responsible for ensuring proper credit & risk oversight for the Commercial Payment Products area of Commerce Bank. The Portfolio Analyst is responsible for underwriting and credit review of high dollar commercial payment products to customers largely on unsecured terms. The Commercial Payments portfolio is comprised of commercial card, merchant bankcard and other commercial payment products, including credit and non-credit based product offerings. The position will work with individual customer accounts in addition to performing segmented analytics on various Commercial Payments portfolios and industries from a credit and risk standpoint. Commercial Payments Portfolio Risk Analysts are an important part of the overall risk management and oversight program at Commerce Bancshares, Inc.
Essential Functions
Underwrite requests within the Analyst’s approval authority making independent judgmental decisions and make effective recommendations to the Credit Manager, Commercial Payments Credit & Risk Officer, or Loan Committee which exceed the Analyst’s authority. Review portfolio reports (daily/weekly/monthly) for the various products in order to proper identify problem accounts and take appropriate action to reduce the bank’s risk of loss.
Analyze and evaluate complex commercial credits and utilize credit processes and systems to assign the appropriate risk rating
Utilize third party resources such as D&B, Equifax, Moody’s, S&P, IBIS World, AM Best, Bloomberg, etc. to evaluate risk on accounts & portfolios
Identify existing or emerging risks and issues within credit portfolio segments
Ensure compliance with established policies, procedures, laws, and regulations
Planning participative and adequate credit reviews utilizing a risk-based approach
Prepare portfolio reports summarizing the various portfolios from classified, non-performing, risk rating, delinquency, and loss standpoints in addition to performing other portfolio research and presenting those findings to senior management
Provide ongoing feedback to the senior management regarding existing or emerging risks or issues
Assist in strategic planning for the department’s key initiatives, identifying portfolio risks that should be targeted for review, developing scoping methodologies to sample portfolio segments, and improving work methodologies to make the team more efficient and productive in accordance with regulatory compliance and credit policy
Maintain knowledge of and control over the review progress and resolution of review issues and communicate progress or problems to senior management as deemed necessary
Work with Account Managers on select accounts and ensure compliance with credit policy
Identify existing or emerging risks and issues within credit portfolio segments
Support the development of lower-level analyst’s skills and abilities so they can fulfill their current or future job responsibilities more effectively
Prepare questions for interviews with current and prospective customers concerning their financial performance and outlook
Handle interviews and questioning with CFO’s, Treasurers, and Controllers necessary to complete necessary due diligence
Utilize technology to improve the efficiency and effectiveness of complex financial reviews
Improve existing workflows by recommending strategies and executing champion/challenger methodologies to better effectively mitigate risk on existing commercial payments portfolios
Oversee special projects as assigned and communicate conclusions verbally and/or in writing
Perform other duties as assigned
Knowledge, Skills & Abilities Required
Intermediate understanding of corporate/legal structures and corporate governance documents and their respective relationships to effectively bind necessary borrowers
Intermediate working knowledge of business intelligence, data mining, analytics, transmissions, and strategy
Intermediate working knowledge of performance measures and management reports
Intermediate skill working with predictive credit scoring and modeling
Intermediate skill interpreting commercial and consumer credit reports and data and using that information to make credit decisions and recommendations
Intermediate knowledge of statistical modeling and its impact on policies, procedures, governing principles, and credit tools
Knowledge of Generally Accepted Accounting Principles (GAAP)
Knowledge of commercial and retail lending documentation and regulations
Intermediate skill spreading complex financial statements into the bank’s spread system software and other models which include financial default projections
Ability to develop knowledge of and maintain software that the Commercial Payments Credit & Risk Department uses in its daily activities (TSYS, Salesforce, Content Manager, etc.). This may include meeting with vendors, attending forums and conferences, and informing the remaining team members of changes and upgrades
Ability to learn Commerce products, organization structure, strategic initiatives, management philosophy, and corporate culture
Demonstrated results-oriented and the ability to maintain high customer service standards
Intermediate presentation 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
Intermediate knowledge of Microsoft Office Products
Education & Experience
Bachelor’s degree in Accounting, Finance, Economics, or Business Management or equivalent combination of education and experience required
3+ years of credit review, underwriting, regulatory, or credit risk management experience required
*Hybrid Schedule: In office 2 days per week
**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 Commercial Payments Portfolio Risk Analyst and Senior Commercial Payments Portfolio Risk Analyst 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 $80,000 to $107,000 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 to learn more.
Location: 1000 Walnut, Kansas City, Missouri 64106Time Type:
Full time