Banking and Credit Managers
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Job description
These individuals manage the activities and services of a financial institution. They take care of business development. They ensure overall performance according to the strategic orientations and established policies. They work for:
- Financial institutions (banks, "caisses," trust companies, credit unions, etc.).
- Department stores
- Car dealerships
- Insurance companies
- Credit card, loan, mutual fund, and mortgage investment companies
Environment
- Controlled ambient temperature
Main tasks
Bank Managers
- Manage loans and investment funds.
- Buy or sell securities.
- Manage trusts and settle estates.
- Ensure that policies and procedures are followed.
- Make recommendations to improve the process.
- Cultivate business relationships to promote banking services.
- Interview individuals and representatives of businesses.
- Analyze, examine, process, and approve or reject loan and credit applications within authorized limits.
- Oversee the preparation of reports.
- Hire staff and identify training needs.
Credit Managers
- Manage loan accounts.
- Advise clients on the choice of financial services.
- Examine, analyze, and approve or decline loan and credit applications within authorized limits.
- Establish the credit limit and repayment schedule.
- Ensure collection of overdue or unpaid accounts.
- Ensure credit policies and procedures are followed.
- Prepare reports.
- Hire staff and identify training needs.
Advancement and mobility
- Experience leads to senior management positions.
Hourly wage
The hourly wage is calculated by averaging wages from 2022 to 2024.- Minimum
- $39.40
- Median
- $55.00
- Maximum
- $85.16
Job prospects for 2024-2028
Les 2 champs de sélection ci-dessous vous permettent de comparer 2 régions. Les données des régions seront automatiquement mises à jour à la sélection. Par défaut, la province de Québec est sélectionnée pour la première région.
Job prospects for 2024-2028
Job prospects
All of Québec
Non available
Limited
Good
Very good
Good
All of Québec
Non available
Limited
Good
Very good
Non available
Total jobs for 2023
All of Québec
20,000
All of Québec
na
Gender distribution
All of Québec
Not available.
- 47.9% Female
- 52.1% Male
Not available.
- 47.9% Female
- 52.1% Male
Job types
All of Québec
Not available.
- Full time
- Part time
Not available.
- Full time
- Part time
Yearly wage on 2020
All of Québec
$102,000
All of Québec
Other characteristics
All of Québec
- None
All of Québec
- None
Sectors of activity
All of Québec
Not available.
-
NAICS 521, 522, 523, 52662% of jobs
-
NAICS 416% of jobs
-
NAICS 5244% of jobs
-
NAICS 55, 563% of jobs
-
NAICS 54153% of jobs
-
Others22% of jobs
All of Québec
Not available.
-
NAICS 521, 522, 523, 52662% of jobs
-
NAICS 416% of jobs
-
NAICS 5244% of jobs
-
NAICS 55, 563% of jobs
-
NAICS 54153% of jobs
-
Others22% of jobs
Training and requirements
Formation
Numerous training and study programs lead to managerial or executive positions.
Also required
- Experience in the field, including supervisory experience.
Sometimes required
- A university degree in one of the following fields is often required:
- Business Administration
- Commercial Sciences
- Economy
- A Master’s degree in one of the following areas may be required for the management of large commercial loans:
- Business Administration
- Finance
- Management Sciences
- An internal or external management training program may be required.
- A Canadian Securities Institute (CSI) certificate or designation may be required.
Main skills and characteristics
Skills
- Reading comprehension
- Active listening
- Result evaluation
- Oral expression
- Critical thought
- Written expression
- Judgment and decision-making
- Data collection
- Active learning
- Coordination
- Human resource management
- Social perception
- Solving complex problems
- Time management
- Service oriented
- Persuasion
- Learning strategies
- Mathematics
- Information processing
- System analysis
- Teaching
- Negotiation
- Systems evaluation
- Financial resource management
Abilities
- Verbal skills
- Speech clarity
- Written comprehension
- Oral comprehension
- Deductive reasoning
- Speech recognition
- Awareness of issues
- Written expression
- Inductive reasoning
- Near vision
- Information organization
- Mathematical reasoning
- Idea generation
- Classification
- Basic numeracy
- Memorization
- Originality
- Time sharing
Knowledge and attributes
- Knowledge of administration and management
- Autonomy
- Spoken and written bilingualism (French and English)
- Knowledge of economics and accounting
- Knowledge of customer and personalized services
- Knowledge of mathematics
- Rigour
- Sense of initiative
- Capacity to be discrete
- Respect standards and regulations
Interests
- Direct, organize, and manage
- Draft, communicate, and inform
- Work with numbers
- Work in sales or client service
- Work in an office
Personality profiles (RIASEC)
- Enterprising
- People with this profile prefer having responsibilities, influencing others and responding to challenges.
- Conventional
- People with this profile prefer specific, well-defined tasks. They like to respect the order of things and follow established rules.
- Social
- People with this profile prefer to be in contact with others, in particular to entertain, help or teach them.
Official name of the NOC 10021
Banking, credit and other investment managers
Job titles
- Financial services manager
- Bank director
- Collection manager
- Commercial attaché
- Area manager - banking, credit and investment
- Credit area coordinator
- Assistant branch manager - banking, credit and investment
- Assistant operations manager - banking, credit and investment
- Assistant corporate banking services manager
- Assistant consumer credit manager
- Assistant credit manager
- Branch administrative manager - banking, credit and investment
- Senior accounts manager - banking, credit and investment
- Assistant regional manager - banking
- Regional bank manager
- Regional credit manager
- Regional collection manager
- Loans manager trainee
- Consumer credit management trainee
- Banking centre manager
- Collection centre manager
- Credit union manager
- Credit approval and market development manager
- Trust company manager
- Branch manager - banking, credit and investment
- Bank branch manager
- Trust company branch manager
- Commercial mortgages accounts manager
- Accounts manager - banking, credit and investment
- Corporate accounts manager - banking, credit and investment
- Commercial mortgages manager
- Operations manager - banking, credit and investment
- Banking operations manager
- Commercial banking manager
- International banking manager
- Credit card company operations manager
- Investment manager - bank or trust company
- Trust company investment manager
- Loans manager
- Loan and credit manager - banking or trust company
- Mortgage and consumer credit manager
- Personal trust manager
- Corporate trust services manager
- Mortgage manager
- Credit card centre manager
- Corporate banking centre manager
- Credit manager
- Credit and accounts manager
- Collection manager - bank or trust company
- Credit and collection department manager
- Investment manager - banking, credit and investment
- Corporate services manager - banking, credit and investment
- Personal services manager - banking, credit and investment
- Banking accounts manager
- Senior manager - personal financial services
Skill type
Business, finance and administration
Last update: January 29, 2026
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