Explore Careers - Job Market Report

in
Banking, Credit and Other Investment Managers  (NOC 0122)
West Coast--Northern Peninsula--Labrador Region
Description |  Titles |  Duties |   Related Occupations

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. Credit managers are employed by credit departments in department stores, utility companies, car dealerships, insurance companies or other industrial or commercial organizations. Other investment managers are employed by credit card companies, consumer loan companies, mutual fund investment firms, mortgage investment companies or other financial establishments concerned with extending loans and financing and investments.

bank manager, collection centre manager, commercial banking manager, corporate banking centre manager, credit manager, credit union manager, manager, banking operations, manager, corporate services – banking, credit and investment, manager, credit card centre, manager, personal services – banking, credit and investment, mortgage and consumer credit manager, operations manager, credit card company, regional collection manager, trust company manager.

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.
Included Cities in Region | Service Canada Offices

Corner Brook, Codroy, Deer Lake, Grandois, Grey Islands Harbour, Happy Valley-Goose Bay, Humber Arm South, Labrador City, Pasadena, St. Anthony, Stephenville, Stephenville Crossing, Wabush, Benoit's Cove, Halfway Point

View a list of Service Canada offices in this area.

Wages for Banking, Credit and Other Investment Managers in West Coast--Northern Peninsula--Labrador Region

Wages depend on job requirements and work conditions. They also vary between regions, for reasons such as location, labour agreements, and the availability of workers. The wages below are estimated before taxes.

Wage Estimates

Table of wage levels for your chosen occupation in your region as well as in the rest of the province or territory.
Location Wage ($/hr) Note
Low Median High
West Coast--Northern Peninsula--Labrador Region 18.27 28.21 51.28 NoteLink opens in a new window
Reference Period: 2010-2011
Source: Labour Force Survey - Statistics Canada
Please consult the Newfoundland and Labrador and Canada tabs for more useful information related to wages.