In Summary - Bank / Financial Manager
Bank / Financial Manager s typically work in the following Career Sectors:
Videos on the Web
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The Work - Bank / Financial Manager
Bank managers work in either branch and retail management, or in some form of specialist banking service providing support to branches.
Managers working in branch banking must run the bank profitably and within targets set by head office. They try to find out the banking needs of personal and business customers and promote the wide range of services the bank offers. This may include, for example, providing an automatic payroll service for an employer, or giving advice on pension funds, investments, insurance and tax to individual customers.
Managers look at customers' requests for loans and overdrafts and decide on the conditions to attach to any loan facilities. Branch managers are also responsible for the day-to-day running of the branch, including personnel matters, training and monitoring work practices.
Managers working in specialist banking services work in a number of different areas. These include:
- Commercial and corporate banking
- Information technology
- Providing financial services.
Other managers may be based at regional or head offices dealing with trusts and investments, marketing, training or human resource management. At senior level, specialist managers assist in the formulation of policy and undertake economic research work.
Most commonly reported Work Tasks
- Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
- Examine, evaluate, or process loan applications.
- Plan, direct, or coordinate the activities of workers in branches, offices, or departments of establishments, such as branch banks, brokerage firms, risk and insurance departments, or credit departments.
- Oversee the flow of cash or financial instruments.
- Recruit staff members and oversee training programs.
- Network within communities to find and attract new business.
- Approve, reject, or coordinate the approval or rejection of lines of credit or commercial, real estate, or personal loans.
- Prepare financial or regulatory reports required by laws, regulations, or boards of directors.
- Establish procedures for custody or control of assets, records, loan collateral, or securities to ensure safekeeping.
- Review collection reports to determine the status of collections and the amounts of outstanding balances.
Most commonly reported Work Activities
- Getting Information Observing, receiving, and otherwise obtaining information from all relevant sources.
- Selling or Influencing Others Convincing others to buy merchandise/goods or to otherwise change their minds or actions.
- Interacting With Computers Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
- Establishing and Maintaining Interpersonal Relationships Developing constructive and cooperative working relationships with others, and maintaining them over time.
- Performing for or Working Directly with the Public Performing for people or dealing directly with the public. This includes serving customers in restaurants and stores, and receiving clients or guests.
- Making Decisions and Solving Problems Analyzing information and evaluating results to choose the best solution and solve problems.
- Communicating with Persons Outside Organization Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
- Identifying Objects, Actions, and Events Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
- Organizing, Planning, and Prioritizing Work Developing specific goals and plans to prioritize, organize, and accomplish your work.
- Documenting/Recording Information Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
Interests - Bank / Financial Manager
This occupation is typically suited for people with the following Career Interests:
Administrative people are interested in work that offers security and a sense of being part of a larger process. They may be at their most productive under supervisors who give clear guidelines and while performing routine tasks in a methodical and reliable way.
They tend to enjoy clerical and most forms of office work, where they perform essential administrative duties. They often form the backbone of large and small organisations alike. They may enjoy being in charge of office filing systems, and using computers and other office equipment to keep things running smoothly. They usually like routine work hours and prefer comfortable indoor workplaces.
Enterprising people like situations that involve using resources for personal or corporate economic gain. Such people may have an opportunistic frame of mind, and are drawn to commerce, trade and making deals. Some pursue sales and marketing occupations. Many will eventually end up owning their own business, or in management roles in larger organisations. They tend to be very goal-oriented and work best when focused on a target. Some have an entrepreneurial inclination.
As a bank manager you'll need good communication and business skills and a methodical approach to problem solving. The ability to use and understand computers is important. You are likely to be given responsibility early on in your career.
Entry Requirements - Bank / Financial Manager
Pay & Salary - Bank / Financial Manager
Salary Range (thousands per year)* 35k - 80k
Corporate Banking Administrator: 25 - 50
Corporate Banking Officer: 35 - 45
Corporate Banking Manager: 70 - 115
Corporate Finance Director: 100 - 170
Middle Office Manager: 55 - 80
Middle Office Analyst: 35 - 55
Last Updated: March, 2017
* The lower figures typically reflect starting salaries. Higher salaries are awarded to those with greater experience and responsibility. Positions in Dublin sometimes command higher salaries.
Labour Market Updates - Bank / Financial Manager
While this occupation features in the vacancy analysis, no indications of shortages have been identified.
National Skills Bulletin 2018