Description

Banking, credit and other investment managers plan, organize, direct, control and evaluate the activities of financial establishments or operational departments within such establishments, or credit departments in industrial and commercial establishments. They oversee business development and manage overall performance in accordance with established strategic directions and policies. Banking managers are employed by banks, trust companies and credit unions. Credit managers are employed by credit departments in department stores, utility companies, car dealerships, insurance companies or other industrial or commercial organizations. Other investment managers are employed by credit card companies, consumer loan companies, mutual fund investment firms, mortgage investment companies or other financial establishments concerned with extending loans and financing and investments.

Job Titles

• Banking centre manager
• Credit union manager
• Financial services manager
• Loan and credit manager – banking or trust company
• Regional bank manager
• Trust company investment manager
• Trust company manager

Main Duties

• Network to develop business relations, promote the sale of loan, investment and other banking services and attract corporate and individual customers
• Analyze, review and approve or reject loan and credit applications in accordance with authorized limits
• Monitor processing of loan applications and credit investigations
• Oversee preparation of monthly financial and branch progress reports
• Plan, organize, direct, control and evaluate the branch operations of a bank, trust company, credit union or similar financial institution or of a department in such an institution responsible for administering personal and commercial loans, buying and selling securities, operating investment funds, administering trusts, settling estates or other related activities
• Ensure the institution’s policies and procedures are followed according to established guidelines and make recommendations for improvement
• Interview corporate and individual customers and respond to customer enquiries
• Recruit personnel and identify their training needs.

Workplaces

• Banks
• Consumer loan companies
• Credit card companies
• Credit unions
• Mortgage investment companies
• Mutual fund investment firms
• Other financial establishments concerned with extending loans and financing and investments
• Trust companies

Skills

• Learning and Teaching Strategies
• Management of Financial Resources
• Management of Personnel Resources
• Monitoring
• Persuading

Abilities

• Mathematical Reasoning
• Categorization Flexibility
• Deductive Reasoning
• Fluency of Ideas
• Information Ordering

Personal Attributes

• Attention to Detail
• Service Orientation
• Stress Tolerance
• Active Learning
• Adaptability

Similar Occupations

• Senior managers – financial, communications and other business services (00012)
• Other business services managers (10029)

Source: OaSIS