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  5. Banking and Credit Managers

Exploring Trades and Occupations

Banking and Credit Managers

On this page

  • Job description
  • Advancement and mobility
  • Hourly wage
  • Job prospects for 2022-2026
  • Sectors of activity
  • Training and requirements
  • Main skills and characteristics
  • Personality profiles (RIASEC)
  • Additional information

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 2019 to 2021.
Minimum
$27.78
Median
$43.96
Maximum
$67.03

Job prospects for 2022-2026

sr.comparaison-region.titre

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 2022-2026

Job prospects

All of Québec

Non available
Limited
Good
Very good
Very good

All of Québec

Non available
Limited
Good
Very good
Non available

Total jobs for 2021

All of Québec

16,000

All of Québec

na

Gender distribution

All of Québec

Not available.
54% Female
46% Male

Not available.
  • 54% Female
  • 46% Male

Job types

All of Québec

Not available.
Full time
Part time

Not available.
  • Full time
  • Part time

Yearly wage on 2015

All of Québec

$83,000

All of Québec

Other characteristics

All of Québec

  • None

All of Québec

  • None

Sectors of activity

All of Québec

Not available.
  1. Finance
    NAICS 521, 522, 523, 526
    77% of jobs
  2. Wholesale Trade
    NAICS 41
    4% of jobs
  3. Insurance Carriers and Related Activities
    NAICS 524
    4% of jobs
  4. Business, building and other support services
    NAICS 55, 56
    2% of jobs
  5. Retail Trade
    NAICS 44, 45
    2% of jobs
  6. Others
    11% of jobs

All of Québec

Not available.
  1. Finance
    NAICS 521, 522, 523, 526
    77% of jobs
  2. Wholesale Trade
    NAICS 41
    4% of jobs
  3. Insurance Carriers and Related Activities
    NAICS 524
    4% of jobs
  4. Business, building and other support services
    NAICS 55, 56
    2% of jobs
  5. Retail Trade
    NAICS 44, 45
    2% of jobs
  6. Others
    11% of jobs