Job Information
Commerce Bank Commercial Payments Credit & Risk Analyst in Kansas City, Missouri
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
Hourly: $25.70 - $39.40 (Amount based on relevant experience, skills, and competencies.)
About This Job
The Commercial Payments Credit & Risk Analyst will be responsible for ensuring proper credit & risk oversight for the Commercial Payment Products area of Commerce Bank. The Credit & Risk 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 accounts, 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 basic segmented analytics on various Commercial Payments portfolio’s and industries from a credit and risk standpoint. Commercial Payments Credit & Risk Analysts are a part of the overall risk management and oversight program at Commerce Bancshares, Inc.
Essential Functions
Ensure compliance with established policies, procedures, laws, and regulations and adopt proven industry best practices
Analyze and evaluate commercial credits and utilize credit processes and systems to assign the appropriate risk rating
Underwrite requests within approval authority making independent judgmental decisions and make effective recommendations which exceed the Analyst’s authority
Identify existing risks and issues within credit portfolio segments
Work with team members on select accounts and ensure compliance with credit policy
Utilize third party resources such as D&B, Equifax, Moody’s, S&P, IBISWorld, A.M. Best Company, Bloomberg, etc. to evaluate risk on accounts and portfolios
Prepare and present detailed credit write-ups to management and to the Loan Committee summarizing the strengths and weaknesses of select credits and render appropriate recommendations
Conduct conference calls as needed with team members of both potential and existing customers to obtain a deep understanding of complex financial data necessary to complete a thorough due-diligence
Adopt the department’s strategic plan and key initiatives, identify portfolio risks that should be targeted for review, develop scoping methodologies to sample portfolio segments, and improve work methodologies to make the team more efficient and productive in accordance with regulatory compliance and credit policy
Adhere to established service level agreements on all credit reviews
Perform other duties as assigned
Knowledge, Skills & Abilities Required
Intermediate knowledge of statistical modeling and its impact on policies, procedures, governing principles, and credit tools
Intermediate knowledge of merchant accounts and merchant chargeback risk
Intermediate knowledge of Generally Accepted Accounting Principles (GAAP)
Intermediate knowledge of corporate/legal structures and corporate governance documents and their respective relationships to effectively bind necessary borrowers
Basic knowledge of commercial and retail lending documentation and regulations, including consumer credit bureau reports
Basic knowledge of business intelligence, data mining, analytics, transmissions, and strategy
Basic predictive credit scoring and modeling skills
Basic skills interpreting commercial and consumer credit reports and data and using that information to make credit decisions and recommendations
Basic skills of interpreting business financials, business tax returns, personal financial statements, and personal tax returns
Basic 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
Basic level proficiency with Microsoft Word, Excel and Outlook
Education & Experience
Bachelor’s degree in Accounting, Finance, Economics, or Business Management or equivalent combination of education and experience required
3+ years credit analysis experience required
Credit review, underwriting, regulatory, or credit risk management experience 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 Commercial Payments Credit & Risk Analyst I & II 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, 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 $25.70 to $39.40 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 (https://careers.commercebank.com/us/en/benefits) to learn more.
Location: 1000 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 and Diversity at Commerce
How to Join Our Team (https://www.commercebank.com/careers/how-to-join-our-team)
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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, religion, color, national origin, sex, sexual orientation, age, gender, gender identity, gender expression, veteran status, disability status, or any other applicable characteristics protected by law.