10Mar
A personal banking officer is a member of a a bank’s retail branch sales team, whose responsibility is to contribute to the team’s overall success by meeting negotiated personal sales and sales activity goals through the identification and satisfaction of customer needs. He is also be responsible for delivering excellent customer service and selling a full range of customized financial solutions to new customers as well as a number of existing Branch customers. He must be a strong relationship builder and communicator; with a thorough knowledge of solicitation, telemarketing and negotiating techniques. Must be highly organized and results oriented with demonstrated flexibility in adapting to a constantly changing environment.
10Feb
The term Bank Run usually describes an event wherein many depositors simultaneously withdraw their money immediately for fear that the bank is no longer capable of paying off their accounts in full and in the proper time. The problem exists because banks do not normally keep huge portions of the money on hand and are usually invested in form of lending and interest bearing assets that allows them to cover interests on depositor’s accounts.
As a Bank Manager or Bank Owner, the key to overcoming a Bank Run is to be able to efficiently and quickly generate liquid assets that can respond to the depositor’s needs. Being able to accomplish this can also translate into a renewed confidence from other investors and stop the Bank Run. That is why part of a Bank Manager’s responsibility is to ensure continued confidence from depositors and investors to their institution. Banking institutions that are hit with Bank Runs are usually those with problems of solvency.
24Dec
Categories: General, Guide
by: Larla
To land that dream banking and finance job, a successful cover letter is also very important.
Keep it short and concise,
Indicate your correct and full contact details
Always put the position applied in the subject line so potential employers know immediately what post you are applying for.
Focus on your experience and knowledge that makes you qualify for the job and what you can contribute to the company. Also, inform that your CV is attached for more detailed job description.
Thank the reader for their time and always save a copy of your cover letter do you would have a reference when you will be called for an interview.
30Nov
by: Larla
A career in Finance is not for everybody. Usually it is for people with a knack for numbers and details. Also, an analytical mind.
The first sector in finance that is usually easy to get into is the commercial banking business.
The entry level post is that of a bank teller. From there you can network your way and can move to other opportunities like leasing, investment, financial advising etc.
In the corporate world, you can try to be a Financial Officer. Instead of handling finances of several clients at a time, you are handling the finances of the company.
There is also a Financial Planner, who plans future finances of the corporation. In this career a good foresight and visualization is important.
Whatever job in finance you intend to have, as long as you are happy and you are doing what you love, that is what matters. You can apply for a higher post job once you gain the required knowledge and skills and you can work your way to the top.
28Jun
Customer Assistance Account Agents is a position that requires strong customer service skills and negotiation abilities. Managing a high volume of phone inquiries with minimum supervision while displaying patience, sound judgment and professionalism under pressure are some of the qualifications of a person who will be successful in this field. They review delinquent and past-due accounts, provides assistance information and advice on requests received by phone, making payment arrangements for customers and maintaining strong customer relationships. This position is synonymous to a customer service representative but the difference is, the position requires some financial expertise and analytical ability . A positive attitude interacting with people is very helpful.
29May
by: Larla
There are many areas in the Banking Industry. You can have a job at a large commercial bank, local bank, savings or online bank.
Bank Tellers are the most common of the banking jobs. Now, they are also trained into marketing bank products like loans, credit cards to their clients while doing their usual duties.
Customer Service Representatives are the one’s who help customers if they have any queries regarding the bank. They have the knowledge in the products that the bank offers. Also, complaints go through them. They handle clients through phone or email.
Loan Officers is where you submit loan applications and they are the one who review the application. They help clients complete loam application forms and also sell these products.
Clerks/ Admin Assistant help in the day to day clerical duty like data encoding and may work as receptionist.
Financial Manager, supervise the day to day operations of the bank branch. If there are queries that employees cannot answer, customers are usually asked to speak to them instead.
01Apr
Finance Minister Dwight Duncan is banking on growth in the financial services industry to help Ontario weather any looming economic storm. The morning after unveiling the province’s $96.2 billion budget Duncan took his message to Bay Street, telling a predominantly business audience that he wants Ontarians to celebrate banks.
This was his message: “It’s growing (and) … one of the reasons our revenues have been robust is because of the successful performance of the financial services sector. We have to do everything we can to promote those sectors that will benefit the province, create jobs and investments.â€
10Mar
In Liverpool, England, accountants could be flocking in the near future . It is predicted that new vacancies are to be created in the financial sector in the next five years.
Thousands of new banking and finance jobs will be available because stockbrokers and investment are increasingly attracted to Liverpool as a place to do business.
Insurance and banking jobs will likewise experience growth. There will be some concerns relating to the economic slowdown but because the year started on a healthy note, it gives the future a positive outlook.
22Feb
Categories: General, Guide
Despite the economic slump, banks are pretty much still alive and thriving – after all, people will always need money. You may be seeking a career in the banking industry but may be a bit wary about your future. That’s normal. The best course of action would be to consult a career consultant, specifically one who is a specialist in giving career advice in the banking industry. You may also be given a personality exam to see if you are suited to the banking industry.
Even if you aren’t much of a numbers kind of guy or gal, there are other positions open, as bank operations aren’t just about numbers alone. Try to do some basic research about the financial institutions that are looking to hire near you, and send out resume and curriculum vitae.
08Jan
Categories: General, Related
Banks tend to have strict but unspoken rules on which people to hire, especially for front-line jobs or for those people who face the customers. They also screen for people with pleasing personality leaving the less than desirable ones for more back-office jobs. This shows that image is important and people they need have to be pleasing on all fronts, attitude, disposition, overall appearance and character. Call it for show but all banks hire mostly women for their front desk people for they tend to be easier for customers to relate to whatever their gender may be.
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