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Commercial Payments Credit & Risk Analyst I/II

at Commerce Bank in Kansas City, Missouri, United States

Job Description

About Working at Commerce

Wouldn’t it be great to build your career at a bank that’s known for helping people with their financial challenges? That’s exactly what you’d be doing when you join the team at Commerce Bank. We’re looking for teammates who are ready to do whatever it takes to help our customers with their everyday financial needs. You’d be helping yourself too, because Commerce has a tradition of recognizing and rewarding team members for their talent, skills and contributions. No wonder we’ve been an industry leader for over 150 years and have developed a reputation as a great place to work in the financial services world. If you’d like to be a part of a team and culture that is respected by its peers and in your community, we should talk. We’re always looking for the best and brightest.

About This Job

The Commercial Payments Credit & Risk Analyst II 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

+ Adopt proven industry best practices

+ Adopt a culture of continuous improvement in all duties and responsibilities

+ Analyze and evaluate commercial credits and utilize credit processes and systems to assign the appropriate risk rating

+ 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

+ Identify existing risks and issues within credit portfolio segments

+ Work with Account Manager’s on select accounts and ensure compliance with credit policy

+ Utilize 3rd party resources such as D&B, Equifax, Moody’s, S&P, IBISWorld, A.M. Best Company, Bloomberg, etc. to evaluate risk on accounts & 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 C-Level Officers, Treasurers, and Controllers of both potential and existing customers to obtain a deep understanding of complex financial data necessary to complete a thorough due-diligence

+ Develop knowledge of and maintain products and software that the Commercial Payments Credit & Risk Department uses in its daily activities (TSYS, Salesforce, Content Manager, etc.) This may include attending forums and conferences, and presenting to the remaining team members what is learned

+ Adopt the department’s strategic plan and 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

+ Adhere to established service level agreements on all credit reviews

+ Perform other duties as assigned

Knowledge, Skills, and Abilities

+ Basic knowledge of statistical modeling and its impact on policies, procedures, governing principles, and credit tools

+ Basic Knowledge of merchant accounts and merchant chargeback risk

+ Intermediate knowledge of corporate/legal structures and corporate governance documents and their respective relationships to effectively bind necessary borrowers

+ Understanding of consumer credit bureau reports

+ Intermediate skill spreading financial statements into the bank’s spread system software and other models which include financial default projections

+ Basic working knowledge of performance measures and management reports

+ Basic working knowledge of business intelligence, data mining, analytics, transmissions, and strategy

+ Basic skill working with predictive credit scoring and modeling

+ Basic skill interpreting commercial and consumer credit reports and data and using that information to make credit decisions and recommendations

+ Basic skill of interpreting business financials, business tax returns, personal financial statements, and personal tax returns

+ Demonstrated ability to maintain high customer service standards

+ Knowledge of Generally Accepted Accounting Principles (GAAP)

+ Knowledge of commercial and retail lending documentation and regulations

+ 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

+ 1 year of credit analysis experience required

+ Credit review, underwriting, regulatory, or credit risk management experience preferred

Location: 1000 Walnut St, 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.

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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.

Job Details

Company

Commerce Bank

Location


Kansas City, Missouri 64106
United States

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Job Posting: JC185878314

Posted On: Jun 17, 2021

Updated On: Jul 11, 2021