Banking, credit and other investment managers (NOC 0122)

High demand occupation

About this job

Banking, credit and other investment managers plan, organize, direct, control and evaluate the activities of financial establishments, operational departments within financial establishments, or credit departments in industrial and commercial establishments.

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People in this occupation:

  • oversee business development and manage overall performance in keeping with established strategic directions and policies
  • are employed as bank managers by banks, trust companies and credit unions
  • are employed as credit managers by credit departments in department stores, utility companies, car dealerships, insurance companies and other industrial or commercial organizations
  • are employed as investment managers by credit card companies, consumer loan companies, mutual fund investment firms, mortgage investment companies and other financial establishments concerned with extending loans and financing and investments
Common job titles
  • area manager,
  • attaché, commercial
  • co-ordinator, credit area
  • manager, accounts
  • manager, collection / credit approval
  • manager, corporate accounts
  • area manager,
  • attaché, commercial
  • co-ordinator, credit area
  • director / manager, bank
  • manager, accounts
  • manager, collection / credit approval

Duties

Banking managers:

  • 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
  • network to develop business relations, promote the sale of loan, investment and other banking services and attract corporate and individual customers
  • interview corporate and individual customers and respond to customer enquiries
  • 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
  • recruit personnel and identify their training needs

Credit managers:

  • plan, organize, direct, control and evaluate the activities of a credit department in an industrial or commercial organization
  • administer corporate, commercial and personal loan accounts
  • advise customers on the commercial and personal financial services corresponding to their needs
  • evaluate and review loan and credit applications and collateral and make recommendations
  • approve or reject credit applications, establish credit limits and determine repayment plans or schedules in accordance with authorized limits
  • ensure collection of overdue or delinquent accounts
  • ensure credit policies and procedures are followed according to established guidelines and applicable legislation
  • prepare credit and loan reports
  • recruit credit personnel and identify their training needs

Work environment

Work takes place in a typical office setting.

Career paths and resources

Career paths

Progression to senior management positions in this occupational group is possible with experience.

Additional resources

Additional resources are not currently available for this career.