Retail Banking Jobs

Retail banking jobs are involved with providing financial products and service to individual customers, instead of corporations or enterprises. In an effort to provide personalized services to every customer, financial organizations are offering a number of retail banking jobs.

Retail Banking Job Descriptions

The most common retails banking jobs are:

Retail banking jobs are involved with providing financial products and service to individual customers, instead of corporations or enterprises. In an effort to provide personalized services to every customer, financial organizations are offering a number of retail banking jobs.

Retail Banking Job Descriptions

The most common retails banking jobs are:

• Bankers: Also known as Bank Managers, they hold the overall responsibility of business operations at the local or regional branches and at the headquarters. Bankers have industry experience of several years in developing customer-friendly products and services. They are responsible for developing sales strategies at the branch level and ensuring their effective implementation. While managing consumer service and sales staff, the banker ensures adherence to standard organizational policies. They also analyze sales data and prepare annual audit reports.
• Credit risk analyst: The work profile of a credit risk analyst is to determine the financial risks associated with offering loans on a specific loan application. They bank on an individual’s financial history, reports from credit bureaus and information received from investigators.
• Financial adviser: Retail banks hire financial advisers to assist individual customers in buying products such as insurance, mortgages, investments and retirement plans. A regional or city branch has different financial advisers for each of the banking products. Financial advisers help individuals understand their monetary requirements and choose products accordingly. They also guide individuals through eligibility criteria and procedures as per the bank’s policy.
• Teller: A teller receives deposits in the form of cash or check and pays out the requested amount. S/he has to maintain daily records of transactions held and prepare detailed log sheets.
• Banking executives: These retail banking jobs include customer window dealing. They also provide product details about services such as savings account, certificates of deposit, debit cards and credit cards.

Depending on the number of customers, there can be a range of supporting retail banking jobs.

Retail Banking Job Entry Requirements

Financial organizations prefer individuals with a graduate degree in economics, finance, business studies and computing for retail banking jobs. Other qualifications include:

• Good communication skills
• Understanding of retail banking
• Knowledge of financial laws and procedures

Retail banking jobs are expected to rise with the expansion of financial products and services.