Banking jobs

Job opportunities are available at every level of expertise, whether you are an experienced financial professional or a recent college graduate seeking entry-level banking experience in the banking industry. Jobs in banking are concerned with upholding customer service standards and maintaining internal financial processes. It is possible to narrow down your job search and begin applying for banking positions by studying job openings that fit your pay requirements and experience level.

Banking jobs

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What exactly are banking positions?

Banking occupations are those that are found in the financial services industry. These positions usually include collaborating with or working for banks on a local, state, or national level, among other things. These positions may vary in expertise level and purpose and include everything from direct customer services to bank security to insurance and loan-related services.

Various types of banking jobs

Here are ten different kinds of banking occupations, as well as typical duties and pay expectations for each of these positions:

1. A teller in a bank

The average wage is $29,328 per year.

Primary responsibilities: A bank teller is employed by a financial institution and is responsible for assisting members in cashing checks, withdrawing money, transferring transactions between accounts, opening checking and savings accounts, and issuing checks to clients. To protect member account information, bank tellers should adhere to high ethical standards and maintain strict secrecy. Their problem-solving abilities and ability to communicate vocally should also be well developed. Candidates for bank teller positions are often required to have a high school diploma or GED to be considered.

2. Banker

The average wage is $40,526 per year.

The primary responsibilities of a banker are to work for a bank or financial organisation. They are in charge of meeting with bank members (both people and businesses) and assisting them in obtaining loans from the bank. By doing so, they want to assist the bank in earning money via applying fees and interest rates to such loans. Bankers may also meet with customers for a fee to provide them with financial advice on various topics, including investments and capital resources.

3. Loan processor (or loan officer)

The average wage is $49,031 per year.

Loan processors work for financial institutions. They use their risk analysis expertise and financial statements to evaluate loan applications and accept or reject applicants for the loans they ask for. Primary responsibilities: One of their primary responsibilities is to safeguard the financial institution and its monetary assets by approving only applicants with a strong financial background. Candidates for the loan processor position are usually required to have a bachelor's degree in accounting, finance, or business administration and prior job experience in the loan and insurance industries.

4. A mortgage broker or consultant

The average wage is $55,326 per year.

Primary responsibilities: Mortgage consultants are often employed as independent contractors or single owners of their businesses. They have to assist businesses and people in identifying their mortgage requirements, evaluating their financial histories, and determining the kind of mortgage they can afford. Furthermore, they assist their customers in determining which lending institutions would be the most likely to grant them a loan based on their financial history and other factors.

5. Investment representative (also known as a financial advisor)

The average wage is $57,101 per year.

Primary responsibilities: An investment representative works for a financial institution such as a brokerage company, bank, or other financial institution. They have to offer customers financial advice about investments in exchange for a fee, which is common in the industry. They are also required to carry out sales-related responsibilities to their organisations promote the financial goods and services offered by their organisation. To work as an investment representative, you must first get a bachelor's degree in accounting, business administration, economics, or finance from an accredited institution. You may be required to acquire a licence from the Financial Industry Regulatory Authority (FINRA).

6. Credit analyst

The average wage is $57,258 per year.

Primary responsibilities: A credit analyst may work for various organisations, including investment banks, investment firms, credit card businesses, and any other organisation that lends money. They are in charge of examining an applicant's financial history as well as their credit score. The primary distinction between a credit analyst and other professions such as a loan processor is that they can only make recommendations on whether an applicant should be accepted based on their credit history. Typically, credit analysts have a Bachelor's degree in finance or economics and have a thorough understanding of statistics, financial statements, and ratio analysis.

7. Investment banker or financial advisor

The average wage is $65,518 per year.

Primary responsibilities: Although an investment banker is a specialised position, there are many distinct areas of emphasis. Investment bankers may provide financial advice on investment possibilities to their customers. Still, they can also assist in the instrumentation of the process by supervising the liquidation of assets to decrease debt and other variables. Investment bankers should have a bachelor's degree at the entry- level, with a master's degree required for more senior positions in the industry.

8. Relationship manager

The average wage is $68,665 per year.

Primary responsibilities: A relationship manager is employed by a bank or financial institution and serves as a point of contact between members and the institution itself. One of their primary responsibilities is to retain client loyalty by communicating with them often through email or phone. Customers who join the bank and open a checking or savings account are also accountable for developing long-term connections with the institution. Bachelor's degrees in communications, finance, or business administration are required, as is the ability to communicate clearly. Relationship managers should be good communicators.

9. Financial consultant

The average wage is $69,093 per year.

Primary responsibilities: A financial adviser works as a member of a financial institution, assisting customers in determining their financial objectives and the most effective methods of achieving them. This includes investing on their behalf in the stock markets, analysing their financial histories, and advising them on the best financial choices they may make for themselves. Candidates for financial adviser positions must have at least a bachelor's degree in a relevant field such as economics, statistics, finance, or business. A few years of work experience in a finance-related field, such as an investment specialist/banker or credit analyst, would also be beneficial.

10. A financial analyst

The average wage is $74,446 per year.

Primary responsibilities: Observing market trends across sectors and using their knowledge to advise companies and customers on when, where, and how to invest. Large businesses usually employ financial analysts and organisations promote institutions, insurance companies, and banks to provide financial advice. Economics, finance, or accounting bachelor's degree is required to work as a financial analyst in the financial services industry. Most companies prefer that you have a master's degree in a specialised field such as statistics if you apply for a senior job.

Banking jobs Toronto

In addition to being the capital of the province of Ontario, Toronto is a large Canadian metropolis located on the northern coast of Lake Ontario. A vibrant city, it is surrounded by towering buildings, all of which are overshadowed by the famous, free-standing CN Tower, which dominates the skyline.

Top banking jobs in Toronto

  • Client Service Representative
  • Personal Banking Associate
  • Customer Service Representative
  • Customer Service Contact Centre Representative
  • Customer Experience Associate – Spadina and Lonsdale –
  • Banking Analyst – Expert Graduate Programme –
  • Customer Experience Associate

Banking jobs Calgary

This sophisticated Alberta metropolis, which has an impressive number of skyscrapers, owes its fast development to its position as the heart of Canada’s oil sector. Although it is no longer known as “Cowtown,” it is nevertheless immersed in the western culture that has given it the moniker. This is apparent in the Calgary Stampede, a huge July rodeo and festival that developed out of the agricultural exhibits formerly held here.

Top banking jobs in Calgary

  • Customer Service Cashier
  • Customer Experience Associate – Tuscany Market
  • Client Service Representative
  • Customer Service Representative, Contact Centre
  • Personal Banking Associate
  • Customer Service Representative
  • Banking Analyst – Expert Graduate Programme

Banking jobs Edmonton

Edmonton is the capital and biggest city in the Canadian province of Alberta, and it is also the largest city in the province of Alberta. Edmonton is located on the North Saskatchewan River and serves as the administrative centre of the Edmonton Metropolitan Area, which is surrounded by Alberta's core region to the north.

Top banking jobs in Edmonton

  • Personal Banking Associate
  • Customer Service Representative
  • Client Advisor – Garrison Community
  • Personal Banking Associate
  • Customer Service Representative, Contact Centre
  • Personal Banker
  • Client Service Representative

Banking jobs Winnipeg

Winnipeg is the capital of the Canadian province of Manitoba and the largest city in the province. The Forks, a historic site at the confluence of the Red and Assiniboine rivers, is the city's beating heart. Warehouses have been converted into shops and restaurants, and there is plenty of green space dedicated to festivals, concerts, and exhibits.

Top banking jobs in Winnipeg

  • Customer Service Representative
  • Customer Experience Associate, Part-Time – Winnipeg
  • Customer Service Representative, Contact Centre
  • Client Service Representative
  • Banking Advisor
  • Financial Services Representative II
  • Client Advisor

Banking jobs in Canada

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FAQs

What steps do I need to take to become a banker in Canada?

You must first get your high school graduation before you may apply for bank employees. Obtaining a high school diploma or equivalent is usually required for entry- level jobs in banking in Canada. This covers jobs like a drive-through clerk or a teller, among others. To be able to legally work in Canada, you must first become a citizen of the country.

Which examination is needed for a position at a bank in Canada?

Personal Banking Examination Certificate of Completion (CPBE)

Is there a high need for banking jobs in Canada?

For Banking, credit, and other investment managers (NOC 0122) in Ontario, the employment forecast is favourable for the 2018-2022 period… The increase in employment will result in a modest increase in the number of new jobs.

What does a banker in Canada make on a per hour basis?

According to Statistics Canada, the average banking income in Canada is $41,000 per year or $21.03 per hour. Jobs at the entry-level start at $33,745 per year, while the most experienced employees may earn up to $99,375 per year.

Is banking a rewarding profession in Canada?

The banking and financial industry in Canada is one of the safest and most stable in the world. Job possibilities in the Canadian banking and finance industry are very well- established and well-paying.

What is the average pay for a bank teller in the country of Canada?

According to Statistics Canada, the average bank clerk income in Canada is $36,953 per year or $18,95 per hour. Entry-level jobs start at $32,058 per year, with the highest- paid employees earning up to $97,500 per year.

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