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Commerce Bank Interview Questions

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Let’s say that your company is running a standard control and variant AB test on a feature to increase conversion rates on the landing page. The PM checks the results and finds a .04 p-value.

How would you assess the validity of the result?

Experiment Validity

Suppose there exists a new airline named Jetco that flies domestically across North America. Jetco recently had a study commissioned that tested the boarding time of every airline, and it came out that Jetco had the fastest average boarding times of any airline.

What factors could have biased this result, and what would you look into?

What could potentially bias the average boarding time in favor of an airline that only flies domestically?

What could potentially bias the average boarding time in favor of an airline that only flies domestically?

Boarding Times Bias

A new airline came out as the fastest average boarding times compared to other airlines.  What factors could have biased this result and what would you look into?

You are testing hundreds of hypotheses with many t-tests. What considerations should be made?

What is a key disadvantage of the F-test when compared to multiple t-tests?

What is a key disadvantage of the F-test when compared to multiple t-tests?

Hundreds of Hypotheses

You are testing hundreds of hypotheses with many t-tests. What considerations should be made?

Commerce Bank Salaries by Position

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 - $44.70 (Amount based on relevant experience, skills, and competencies.) 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. About This Job The main purpose of this job is to ensure proper credit and risk oversight for the Commercial Payment Products area of Commerce Bank. Essential Functions <ul><li>Ensure compliance with established policies, procedures, laws, and regulations and adopt proven industry best practices</li><li>Analyze and evaluate commercial credits and utilize credit processes and systems to assign the appropriate risk rating</li><li>Underwrite requests within approval authority making independent judgmental decisions and make effective recommendations which exceed the Analyst's authority</li><li>Identify existing risks and issues within credit portfolio segments</li><li>Work with team members on select accounts and ensure compliance with credit policy</li><li>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</li><li>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</li><li>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</li><li>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</li><li>Adhere to established service level agreements on all credit reviews</li><li>Perform other duties as assigned</li></ul> Knowledge, Skills & Abilities Required <ul><li>Intermediate knowledge of statistical modeling and its impact on policies, procedures, governing principles, and credit tools</li><li>Intermediate knowledge of merchant accounts and merchant chargeback risk</li><li>Intermediate knowledge of Generally Accepted Accounting Principles (GAAP)</li><li>Intermediate knowledge of corporate/legal structures and corporate governance documents and their respective relationships to effectively bind necessary borrowers</li><li>Basic knowledge of commercial and retail lending documentation and regulations, including consumer credit bureau reports</li><li>Basic knowledge of business intelligence, data mining, analytics, transmissions, and strategy</li><li>Basic predictive credit scoring and modeling skills</li><li>Basic skills interpreting commercial and consumer credit reports and data and using that information to make credit decisions and recommendations</li><li>Basic skills of interpreting business financials, business tax returns, personal financial statements, and personal tax returns</li><li>Basic presentation skills</li><li>Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities</li><li>Inquisitive, agile and strong team player with excellent written, verbal and interpersonal communication skills</li><li>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</li><li>Basic level proficiency with Microsoft Word, Excel and Outlook</li></ul> Education & Experience <ul><li>Bachelor's degree in Accounting, Finance, Economics, or Business Management or equivalent combination of education and experience required</li><li>3+ years credit analysis experience required</li><li>Credit review, underwriting, regulatory, or credit risk management experience preferred</li></ul> ***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 & 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, 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 $44.70 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. #LI-Hybrid Location: 1000 Walnut, Kansas City, Missouri 64106 Time Type: Full time

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: $69,500.00 - $105,000.00 (Amount based on relevant experience, skills, and competencies.) About This Job The main purpose of this job is to collaborate with lines of business to analyze complex business problems to determine an IT solution. Specifically, this position will support our IT Commercial Lending functionality. Essential Functions <ul> <li>Collaborate with line of business to analyze complex business problems to determine an IT solution </li><li>Gather data, analyze business and user needs, schedule and facilitate meetings to establish quality project requirements </li><li>Document and diagram project requirements which support development efforts </li><li>Lead efforts building Agile User Stories for Scrum </li><li>Lead backlog refinement efforts which involves ensuring the backlog contains the appropriate items which are in alignment with roadmap/release plans, that are prioritized and the items at the top of the backlog are ready for delivery </li><li>Work with project leadership, contribute to and execute process improvement initiatives for the team </li><li>Perform other duties as assigned </li></ul>Knowledge, Skills & Abilities Required <ul> <li>Strong understanding of the Agile methodology </li><li>Ability to work closely and communicate clearly and effectively with variety of technical and non-technical roles </li><li>Ability to read and create diagrams, UX flows and associated artifacts </li><li>Ability to understand the flow of work which includes forecasting, release planning, sprint planning and process improvement efforts </li><li>Ability to deliver multiple competing priorities with little supervision </li><li>Willingness to fill other team roles such as ScrumMaster or Test Analyst if project priorities and workload dictates </li><li>Inquisitive, agile and a strong team player with excellent written, verbal and interpersonal communication skills </li><li>Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities </li><li>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 </li><li>Intermediate level proficiency with Microsoft suite of technologies such as Azure DevOps/TFS, Word, Excel and Outlook </li></ul>Education & Experience <ul> <li>Bachelor's degree or equivalent combination of education and experience required </li><li>3+ years of experience writing business requirements required </li><li>1+ year experience working on an Agile/Scrum Team required </li><li>Commercial Lending and mainframe experience is a plus </li></ul> **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 IT Business Analyst II & III 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 $69,500 to $105,000 annually. Depending on the job level, this position may be eligible for additional compensation through performance-based incentive plan(s) that will correspond to meeting performance goals. 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. #LI-Hybrid Location: 922 Walnut St, Kansas City, Missouri 64106 Time Type: Full time

Commerce Bank Interview Questions

Commerce Bank Interview Guides

Commerce Bank Interview Questions

Commerce Bank Salaries by Position

Commerce Bank Opening Jobs