Canada offers banking jobs for every level of experience. No matter your level of experience in financial management or if you are fresh out of college and looking for an entry-level banking position. An important part of the banking industry is the maintenance of internal financial procedures as well as maintaining customer service standards. When you look at job postings matching your salary needs and level of experience, you can focus your job search and begin applying for banking positions.
Banking Positions: What are they?
Jobs in the banking sector fall under the financial services sector. In addition to working with banks or for them on a local, statewide, or national level, these jobs can also involve other types of financial work. Among these jobs are direct customer service, bank security, insurance, and loan-related services, and their levels of competence may vary.
Types of Banking jobs in Canada
Described below are ten different banking jobs, along with their duties and salaries.
1. Bank tellers
Approximately $29.328 is the average yearly salary for this position.
Assisting clients with cash withdrawals and cashing checks is the primary duty of a bank teller, switching from one account to another, and establishing accounts for clients, both checking and savings. To protect the information associated with user accounts. Bank tellers should maintain high ethical standards and strict confidentiality. The ability to solve problems and communicate verbally should be well-developed in them. To qualify for bank teller positions, applicants often need to graduate from high school or have a GED.
2. Banker
Approximately $40.526 is the average salary per year.
Bankers are primarily responsible for working for banks and other financial institutions. Clients of the bank-individuals and corporations-are assisted in applying for loans by them. They are in charge of seeing clients and helping them with the procedure of application. Fees and interest will be charged on these loans, helping the bank generate income. Financial guidance is offered to clients by bankers in exchange for payment, such as capital resources and investment advice.
3. Loan Officer
Approximately $49.031 is the average annual wage.
Financial institutions are employed, Loan processors. Before accepting or rejecting applicants, they evaluate loan applications using their expertise in risk analysis and financial documents. By only approving candidates with solid financial backgrounds, they protect the financial institution and its resources. In addition to prior expertise in processing loans and handling insurance, candidates for the post of loan processor often possess at least a bachelor’s degree in accounting, finance, or business administration.
4. Consultant or mortgage banker
Approximately $55.326 is the average wage per year.
Independent contractors and sole proprietors are commonly the primary employees of mortgage consultants. Providing mortgage advice to individuals and businesses is their responsibility. Making sure they can afford a mortgage by assessing their financial backgrounds. In addition, they assist their clients in selecting loans that are likely to be approved based on their financial background and other factors.
5. Financial Advisor
Approximately $57.101 is the average salary of this position.
Typically, investment representatives work for financial institutions such as banks, brokerage firms, or other financial institutions. Financial advisers typically charge customers for providing financial advice regarding investments. Their organizations also require them to perform sales-related duties, such as promoting financial services and products. An approved college must require accounting, business administration, economics, or finance majors to hold a bachelor’s degree. Obtaining a license from the Financial Industry Regulatory Authority may be necessary.
6. Credit analyst
The typical yearly salary is $57.258, according to the Bureau of Labor Statistics.
In addition to investment banks, brokerages, and credit card companies, credit analysts may work for other companies, such as financial institutions. Applicants’ credit histories and financial backgrounds are reviewed by them. It is important to note that credit analyst differs from other jobs, such as loan processors, in that they are only able to recommend whether an application should be approved. The typical credit analyst holds a Bachelor’s degree in finance or economics, has experience analyzing ratios and financial statements, and is proficient in statistics.
7. Investment banker
It is estimated that the average salary for this position is $65.518 per year.
Investment bankers have a wide range of specializations despite being a specialized career. Investing advice can be provided by investment bankers to their clients. As well as instrumenting the process, they can also supervise the sale of assets to reduce debt. Entry-level roles in investment banking call for a bachelor’s degree, while more senior positions call for a master’s degree.
8. Relationship manager
Salary averages $68665 per year.
Customers and financial institutions are connected through relationship managers employed by banks and other financial institutions. Communication by phone or email with customers frequently is one of their main duties. A Bachelor’s degree in business administration, finance, or communications is also required for customers to open a checking or savings account. The ability to communicate clearly. Relationship managers need good communication skills.
9. Financial Consultant
It costs an average of $69.093 to live on an annual basis.
As a member of a financial institution, the primary duty of a financial adviser is to assist clients in identifying their financial goals. Financial advisers are responsible for investing on their behalf and analyzing any financial decisions they make on their own. For positions as a financial advisor, a bachelor’s degree in fields such as business, statistics, finance or economics is the minimum requirement. Having previous experience as a credit analyst or investment specialist/banker would also be advantageous.
10. Financial analyst
Approximately $74.446 is the average annual wage.
Businesses and clients rely on them for guidance on when, where, and how to invest based on market trends across industries. Financial analysts often meet the financial needs of large companies. It’s an organization that promotes businesses, insurance companies, and banks. In order to work in the financial services sector as a financial analyst, you must hold a bachelor’s degree in accounting, finance, or economics. In most cases, employers prefer employees with a master’s degree in a specialty field, such as statistics, if they are applying for senior positions.
Toronto’s Banking Jobs
Furthermore, it is the capital of the province of Ontario. The Canadian city of Toronto lies on the northern shore of Lake Ontario. Among the busiest cities in the world. In spite of the CN Tower’s dominance over the skyline, the surrounding structures are all overshadowed by it.
Toronto’s top banking jobs
- Customer Experience Associate
- Client Service Representative
- Banking Analyst – Expert Graduate Program
- Customer Services Representative
- Personal Banking Associate
- Customer Experience Associate
Calgary’s Banking Jobs
Because of its central location in Canada’s oil industry, this modern town has grown rapidly and has an impressive number of towers. In spite of the fact that Cowtown is no longer called that, it is deeply associated with the western culture that gave rise to the nickname. Calgary Stampede is one of the biggest rodeos and festivals in the country, which originated from agricultural exhibitions earlier in the century.
Calgary’s top banking jobs
- Banking Analyst
- Client Service Representative
- Customer Service Cashier
- Personal Banking Associate
- Customer Experience Associate
Edmonton’s Banking Jobs
Alberta’s capital and largest city are Edmonton. Alberta’s core region borders Edmonton and is situated along the North Saskatchewan River, south of the Edmonton Metropolitan Area’s administrative hub.
Edmonton’s top banking jobs
- Client Service Representative
- Client Advisor
- Personal Banker
- Personal Banking Associate
- Client Advisor
Winnipeg’s Banking Jobs
Manitoba’s capital and largest city, Winnipeg, is the center of the province. Assiniboine and Red rivers meet at the city’s center, The Forks. Festivals, concerts, and exhibits are held in a variety of open spaces, while warehouses are turned into shops and restaurants.
Winnipeg’s top Banking Jobs
- Client advisor
- Banking advisor
- Customer Service Representative
- Customer Service Associate
- Banking Advisor
- Financial Service Representative
