Head Office, Regional or Local?

By: EconomyWatch   Date: 30 September 2009

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Every bank has different branches with specific functions. Bank job opportunities at these branches may differ due to the size of the customer base and the range of services offered. Branches in business-centric cities have higher job opportunities than those at the community or local level.

Head Office

The head office of any banking institution offers a wide array of bank job opportunities. It houses the most number of employees as compared to any other branch of the bank. The main functions of a bank's head office are to:

  • Set financial objectives of the organization
  • Plan banking products and services
  • Supervise the functioning of subordinate branches
  • Manage the functioning of all the departments such as banking, lending, credit card, investment banking
  • Audit financial records of other branches
  • Maintain a comprehensive customer database
  • Execute business expansion plans
  • Take investment decisions in relation to the available deposits with the bank
  • Set up comprehensive customer care services

To execute all these functions, banks hire employees at various levels in each department. The nost common job profiles available at the head office are managers, assistant managers, business executives and team members.

Regional Office/City Office

At the regional office, bank job opportunities are divided between corporate and retail banking services. Corporate bank job profiles include relationship manager, operations manger, business executives and sales staff. Retail banking jobs include manger, assistant manager, teller, loan officer and cashier. Other bank job opportunities available at a regional office are auditors, customer care executives, ATM specialists and financial analyst. The regional office also helps the head office in managing operations in a smooth way. It prepares annual reports for the entire region and advises the head office on new banking products and services based on customer demand.

Local Branch

Bank job opportunities available at a local branch are limited. Usually, a bank's local branch services retail customers. It offers products and services such as savings account, mortgage, credit cards, ATM withdrawals, investment plans and retirement solutions. The branch manager supervises all the operations and also acts as the relationship manager. Other job profiles include teller, support operations, cashier, IT officers, loan manager and ATM manager.

Some of the banks have special branches at shopping malls or public places. At these branches, the work is divided between two to three employees.

 

 


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