Banking, credit and other investment managers

NOC

10021

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.

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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

This group performs some or all of the following duties:

Banking managers

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

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.

A recognized financial designation may be required (CFA, CFP, CIM or others).

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

55.1%

Female

44.9%

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

0.5%

15-24

16.7%

25-34

29.6%

35-44

37.6%

45-54

13.4%

55-64

2.2%

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

1.6%

No Certificate, Diploma or Degree

25.4%

High School, Diploma or Equivalent

1.6%

Apprenticeship or Trades Certificate or Diploma

30.3%

College or University Below Bachelor Level

41.1%

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

71.0%

Finance and insurance

7.0%

Retail trade

3.8%

Manufacturing

18.3%

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

9.20%

Northeast

49.70%

Southeast

13.50%

Southwest

17.80%

Central

9.70%

Northwest

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 Average Salary by Economic Regions

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

Data legend

$100,000

Northeast

$88,400

Southeast

$86,000

Southwest

$100,000

Central

$74,000

Northwest

Economic Regions

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.

Salary

The following shows the average salary of everyone who worked full-time and year-round in this occupation across each of the Atlantic Provinces and nationally.

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).

Occupational Profiles