The field of banking is rather vast and the roles are very well defined. Therefore, one has to go for the banking training courses for better understanding of the designations. One such designation is that of the relationship manager.
Relationship managers normally assist those group of customers who the bank can have a long-term relationship with owing to the fact that they have high amount of resources and investment capacities. If needed, the customers can be in direct communication with these relationship managers outside of the banking hours as well. In other words, all the customers with a certain net-worth or salary are assigned relationship managers. If you happen to be an MBA and also have done a job oriented course in banking then you are likely to be an ideal pick for this job. The primary goal of this job profile is to bring much business as possible to the banks.
A detailed info on the same suggests the following important tasks that a bank relationship manager must fill.
- They are supposed to strengthen the bank-customer relationships and maximize business.
- It is the their duty to filter and identify key contacts who could be potential client thereby fostering relationships
- Become part of the one-on-one meetings with clients to explain services to guide their choices
- They also need to understand the exact needs of the clients and identify ways the business could better address those needs
- Make the bank’s business grow by identifying new sales and business development opportunities
- If need be, the bank relationship manager must also cross-sell or upsell to existing clients
- Keep track of the activities of the nearest competitors to proactively satisfy and retain the clients
- Positive reputation is important and the same has to be provided in the best manner.
- Bank relationship managers need to set revenue targets and try to hit that mark by executing a strategy to meet them
The banking sector’s landscape has changed a lot in the recent decades and the strategy to increase the business of the banks has become a lot more aggressive. In order to meet their goals, they hire only those candidates who have the most profound knowledge. The institutes like assk academy of business management can be a great source of guidance of the same with their methodical course and the right course modules.
Banking job is one of the most desirable as well as one of the highest paying jobs which have been vied by many over the years. Therefore, one needs to have an extensive preparation for the same as the competition is rather intense. One also needs to focus on the bank training academies in delhi that offer the well crafted courses. In order to know the industry know better, let us take a look at the various posts of banking jobs. Having an idea for such posts and designations can help you have a more precise and profound approach to the preparation.
- Clerk: Clerical jobs in a bank are the starting point for a career in banking. Clerks are assigned duty such as interacting with customers, maintaining an account, creating reports. In government banks, the clerks are mostly given the task to handle the daily transactions at the cash counters.
- Probationary Officer: Candidates with a degree are considered eligible for PO position. Over a period of time, many candidates elevate to the ranks of of MD or CEO. A probationary officer is ranked above the clerk and enjoys higher pay grade and salary as well. Clerks too can become PO through internal promotions.
- Specialist Officer: Specialist Officers work in specific departments like engineering, systems, marketing, management, public relations, and they are important. Specialist officers can be given the responsibility of the loan department wherein their primary job may be that of assessing and analysing the capacity/credibility of those who apply for loans. Only after due verification do the specialist officers sanction the loans to the applicants based on the capacity to repay loans and their past records. A specialist officer may also have to do the job of technical end of things. For instance, the specialist officers with an engineering background may also be recruited into the IT department to take care of the technology assets of the organisation. Usually, candidates who have relevant job oriented banking courses are preferred for this position.
- Agriculture Officer (as Part of SO): The banking field extends to the field of agriculture as well and there is also the task of giving loans to farmers. They work on agricultural loans and help people from rural areas. Candidates with a background in agriculture, veterinary science and horticulture are preferred for this post.
So if you thought it is only the PO and clerical post that you must eye for successful career in banking, it is time you had a look at these equally lucrative designations as well.
Banking sector is a celebrated profession and for a good reason. As a result, the question of job security lingering in the minds of graduated students is aptly addressed. Jobs in bank are one of the more flexible career options for many learned and qualified graduates. This has been further corroborated by the fact that the graduates from engineering and humanities have also taken keen interest on making a flourishing career in banking. Hence ASSK Institute of Banking has been taking complete cognizance of this development and has been offering banking courses tailor-made to prepare the students for every possible field operations within this sector. Talking purely about job opportunities, the banking sector has always been one of the biggest job providers/employers in every decade. With more organized recruitment process, the number of employees have only gone up in the last few years.
To start with, the financial field of the bank employs candidates in commercial banks, mortgage-related companies, savings and loan firms, and credit unions. The field of work gets further expanded as they can also work in government agencies or for companies who require financial professionals to manage their portfolio or business. They also have the desired qualification to audit and regulate other institutions as well.
Another sector of the bank which the banking job aspirants have been lately eyeing for is investment banking is a lucrative career option in this sector. An invest banker normally work for huge, global companies, where they handle all the trading. This largely means that they are to undertake the selling stocks and look for venture capital (lending sums of money to people or businesses while becoming part-owners during the whole process).
A bank manager is a highly discussed and most viable profession that the students of short term courses for banking professionals tend to bag. Seeing as this is a management job, you will need to oversee all the operations and make sure your team hits its sales target, is trained and very well motivated. The following tasks are unique to this job: the chance to interact, attend meetings with clients and customers, see to it that their issues are resolved; ensuring customer service in your bank is the best. In addition, you are also given the charge of monitoring the sales targets and reporting back to your head office.
Then again, there is always the obvious designation of a bank clerk. This is more of a front-desk job at any commercial bank. This job is very customer focused and the cashier has to take up the daily job of maintaining cash transaction and cash flows of a particular. At the end of the day, they are also required to keep tabs and audit of the daily reports with regard to the number of checks that have been cashed.