Managerial and Other Banking Job Profiles

The banking industry is growing leaps and bounds in India. It has witnessed tremendous growth and expansion in both the private as well as the public domain. Indian banks and foreign banks that have set foot in India are expanding and are hiring qualified professionals for various positions. Consequently, banking jobs in India have also grown manifold. For candidates in this sector, there is no dearth of jobs at entry-level, mid-level and senior level. If you are also looking to make a career in this field, it would be good to find out about the different job profiles that the banking sector has to offer.

At the managerial level, a bank manager is a coveted post. The responsibilities of a manger include efficiently running the branch operations, managing the staff at the branch and ensure that the profits are generated. Since there is a lot of competition in this field and there are many players trying to woo the same target group, a bank has to offer user-friendly services and customized banking products to catch attention of the users. Good services and products boost the business and help in increasing profits. Thus, it is the duty of a branch manager to ensure that his branch staff offers good services and understand their customers well.

The manager should also have a good knowledge of the region that he is operating in, the kind of mindset and the social milieu that the customers belong to and the kind of services that would be useful to them. Also, a bank manager must know all the services and products offered by the bank thoroughly and must push them to the customers. Personal loans, housing loans, education loans, saving scheme, etc are the general services offered by the banks and a manager must know about these and should be able to guide the customers on which service would suit them the best. Thus, this is an all compassing banking job profile that requires complete grasp on all aspects of running a bank successfully.

On a daily basis, managers meet the customers to listen to their advice, problems and grievances. Customers like to meet managers for loans. No big loan is sanctioned by the bank unless a meeting of the customer with the manager has happened. Managers assess the risk involved and ensure that the loan is repaid. Then, managers are supposed to meet the higher authorities of the bank that they are working for and update them about the progress of the bank and discuss strategy. Also, managers take decisions about the money-lending to big businesses and corporate. Mangers also go and visit the properties against which any loan is offered and visit factories to see the equipment that has been bought using the bank loan. Hence, the scope of a manager’s work is really large. However, with the expansion of bank operations and more diverse functions, more staff is recruited to carry out the peripheral work and managers focus on the core operations.

Other than the manager, there are many more positions in a bank. These include customer relations executives, credit control executives, corporate banking executives, typists, secretaries, file clerks, custodians, messengers, receptionists and safe deposit attendants. In larger banks with a large customer base, each employee specializes in a job. However, in smaller banks, responsibilities are not so specific and one person might be responsible for many tasks. Both men and women are deployed in these positions. There are selection tests held to recruit staff for banks. Once selected, staff is trained in the division and the kind of work that he would have to do. The different operational divisions in a banking job include bank operations, consumer credit department, commercial and industrial loans, security analysts other trust departments, market research, public relations and customers services. Other functions are bank tellers, transit clerks, book-keepers and other bank work.

With the advance in communication and technology systems, most of the paper work has been given up and all records are automated and kept on computers. In fact, very advanced banking software are being used to keep centralized records and allow customers to operate their account on the Internet and access details from any branch across the world. With this, a banking professional is required to have technical knowledge and the knowledge of the software being used inn banks. Thus, banking jobs are expanding and have opened up horizons for many aspirants looking to make a career in this field.