Banking jobs have become lucrative around the world, as the finance industry places a bigger and bigger role in the global economy. The tacit merger of the banking and financial services has given a new look to the banking jobs and the career has grown more stable as the industry is destined to look forward to new global prospects.
Types of banking jobs:
Mortgage banking jobs include those of mortgage managers, loan advisors and processing clerks. These jobs require high level of competency to sell mortgage products to consumers without exposing the bank to any kind of risk.
With the rapid expansion of the loan industry, financial institutions have greater scope for different mortgage banking jobs. However, the most common job profiles are:
Investment banking jobs provide investment solutions to the bank and its clients. They monitor investment tools, prepare reports and make sound investment decisions to maximize profitability.
Investment banking internships are a pre-requisite for seeking full-time employment in the investment sector. Most banking organizations offer investment banking internships to qualified students to acquaint them with the work process.
An individual should posses the following qualifications to seek investment banking internships:
With the evolution of ecommerce, banking IT jobs have become an integral part of financial institutions. Also, most banks use computerized technology for routine services, such as cash withdrawal, deposits, drafts and checking. Hence, banking IT jobs are crucial for the effective functioning of organizational processes. Bank IT officers contribute towards the internal IT infrastructure and net banking facilities.
Financial organizations have the following banking IT jobs:
An individual can perform a bank job search through several resources, such as the Internet, newspaper advertisements and employment agencies.
Here are some useful resources that can help you conduct a bank job search:
Lending services are an important part of a bank’s operations, which has led to the creation of loan officer jobs to provide better services. Loan officers work under the lending department or loan services department, which forms a separate banking arm.
The most common loan officer jobs available are:
The banking industry is one of the biggest employers for any nation. As per the US Bureau of Labor Statistics, 1.8 million individuals were engaged in jobs in banks in 2006. The integration of banking along with technology has opened up new avenues of banking jobs.
Commercial bank jobs provide financial services and advise to emerging enterprises with annual turnover in millions. While providing commercial services, banks act as an intermediary between enterprises and effective financial solution providers. However, established banks act as service providers as well, with in-house solutions for their clients’ financial needs.
Working as a Bank teller comprises of processing deposits and paying out funds according to the bank’s standard procedures. The teller is also responsible for recording daily transactions accurately and balancing operations at the end of the day. Bank teller jobs are available at the branch offices of all banks. It is a crucial job that requires high concentration to ensure accuracy and strict adherence to banking policies. However, with the arrival of automatic teller machines (ATM), the workload on tellers has been substantially reduced.
