Banking, credit and other investment managers

Banking, credit and other investment managers

NOC
0122

Manage and evaluate the activities of financial establishments or the credit departments of businesses. This groups includes bank managers, credit managers, and other investment managers.

Quick facts

3 Year Outlook

Fair
Fair

3 Year Job Openings

84
 

Median Hourly Wage

$37.51
$22.05
Low
$48.08
High

Median Salary

$66,013
 

Typically Required

University

Employed

871
 

% Working Full Time

99%
 

% Working Full Year

83%
 
Job details

Full NOC Description

Banking, credit and other investment managers plan, organize, direct, control and evaluate the activities of financial establishments or operational departments within such establishments, or credit departments in industrial and commercial establishments. They oversee business development and manage overall performance in accordance with established strategic directions and policies. Banking managers are employed by banks, trust companies and credit unions.

Main Duties

Banking managers perform some or all of the following duties:

  • 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 perform some or all of the following duties:
  • 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.

Also Known As

  • assistant operations manager - banking, credit and investment
  • bank manager
  • banking operations manager
  • collection centre manager
  • commercial banking manager
  • corporate banking centre manager
  • corporate services manager - banking, credit and investment
  • credit card centre manager
  • credit card company operations manager
  • credit manager
  • credit union manager
  • mortgage and consumer credit manager
  • personal services manager - banking, credit and investment
  • regional collection manager
  • trust company manager
Requirements

Employment Requirements

  • A university degree or college diploma in business administration, commerce, economics or a related field is usually required.
  • A master's degree in business administration, finance or management science may be required for the management of large commercial loans.
  • Completion of company or other management training programs is usually required.
  • Several years of experience within the industry, including supervisory experience, are required.

Provincial Regulation

Not Provincially Regulated

Employment by Sex

The following graph shows the percentage of men and women working in this occupation in New Brunswick.

Data legend

60.3%
Female
39.7%
Male
Employment by age

The following graph shows the breakdown of all persons working in this occupation in New Brunswick by age group.

Data legend

1.3%
15-24
17.5%
25-34
35.0%
35-44
33.1%
45-54
13.1%
55-64
0.0%
65+
Employment by highest level of education

The following graph shows the breakdown of all persons working in this occupation in New Brunswick by highest level of education achieved.

Data legend

0.0%
No Certificate, Diploma or Degree
30.3%
High School, Diploma or Equivalent
1.2%
Apprenticeship or Trades Certificate or Diploma
33.3%
College or University Below Bachelor Level
35.2%
University - Bachelor Level or Above
Employment by Industry

The following graph shows the industry groups in which the largest shares of persons working in this occupation in New Brunswick are employed. Small percentages for all top three industry groups may suggest employment for this occupation is widely distributed amongst many industry groups.

Data legend

78.3%
Finance and insurance
10.6%
Retail trade
2.5%
Manufacturing
8.7%
All Other Industries
Employment by Economic Regions

The following graph shows the breakdown of all persons employed in this occupation in New Brunswick by which economic region they reside in.

Data legend

16.80%
Northeast
37.30%
Southeast
21.10%
Southwest
17.40%
Central
7.50%
Northwest
Province of New Brunswick Economic Regions

Economic Regions

The following map displays New Brunswick’s five economic regions. An economic region (ER) is a grouping of counties, created as a standard unit for analysis of regional economic activity across Canada.

Annual Median Salary by Economic Regions

The following graph shows the median salary of all persons employed in this occupation in each of New Brunswick’s five economic regions.

Data legend

$74,920
Northeast
$63,311
Southeast
$69,937
Southwest
$72,048
Central
$73,748
Northwest
Province of New Brunswick Economic Regions

Economic Regions

The following map displays New Brunswick’s five economic regions. An economic region (ER) is a grouping of counties, created as a standard unit for analysis of regional economic activity across Canada.

Hourly Median Wages by Economic Regions

The following represents the median hourly wage of all persons employed in this occupation in each of New Brunswick’s five economic regions.

Northeast

$37.51
$22.05
Low
$48.08
High

Southeast

$37.51
$22.05
Low
$48.08
High

Southwest

$37.51
$22.05
Low
$48.08
High

Central

$37.51
$22.05
Low
$48.08
High

Northwest

$37.51
$22.05
Low
$48.08
High
Salary

This following represents the median salary of all persons employed in this occupation compared to the median salary of workers employed in this occupation that work full-time year-round.

All Workers Employed in this Occupation

$66,013

Workers Employed Full-time, Full-year

$67,283

This following represents the median salary of persons employed in this occupation across each of the Atlantic Provinces and nationally.

New Brunswick

$66,013

Newfoundland

$70,222

Prince Edward Island

$58,990

Nova Scotia

$67,407

Canada

$79,735
Employment Outlook

The following represents the number of job openings that are expected to occur in this occupation over the next three and ten years respectively, broken down by openings expected to result from growth (“new jobs”) and openings expected to result from attrition (death and retirements).

Three Year Outlook

Total Openings: 3 Year

84
 

New Jobs: 3 Year

0
 

Retirements/Deaths: 3 Year

84
 

Ten Year Outlook

Total Openings: 10 Year

289
 

New Jobs: 10 Year

-13
 

Retirements/Deaths: 10 Year

302