Executives are in charge of overseeing all aspects of their company’s operations. They frequently represent their bank to customers, regulators, and other stakeholders. They may also be involved in the development of new products or services, the management of human resources issues, and the compliance of the bank with all relevant regulatory requirements.
Duties of a Bank Executive
Bank executives typically have a diverse set of duties, which can include:
Managing a group of financial analysts or other employees who help with loan decisions
Market research is carried out to identify trends and opportunities in industries relevant to the bank’s business model.
Monitoring interest rates and markets to determine how much capital to invest in various types of securities to manage the bank’s cash flow.
Report writing , financial performance for senior management, including profit and loss statements and balance sheets
Loan terms are negotiated with borrowers when they apply for a mortgage, business loan, or personal loan.
Examining loan applications from individuals or businesses to see if they meet the bank’s loan approval criteria.
Giving advice on banking products and services like loans, deposits, mortgages, and credit cards.
Managing the human resources function of the bank by hiring new employees and developing training programs
Developing marketing campaigns to promote the bank’s products and services to prospective clients
Bank Executive Salary and Prospects
Salary levels for bank executives vary according to their level of education, years of experience, and the size and location of the bank. They may also receive additional pay in the form of of commissions and bonuses.
Education Qualifications for bank executive:
Most bank executives must have a bachelor’s degree in finance, accounting, or business administration. A master’s degree in business administration is preferred by many banks when hiring candidates (MBA). An MBA is a two-year program that includes finance, accounting, marketing, and management courses.
Bank executives frequently receive on-the-job training in the form of an apprenticeship or internship. These programs provide candidates with the opportunity to gain experience in a bank setting while learning the skills required to become a successful executive.
Applications are invited for the job vacancy at National Savings Bank
- Executive (Finance)
- Assistant Dealer
- Research Analyst
Closing Date: 2022-12-20
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