Are you looking for work in the banking sector in Karachi? Here, you will find comprehensive information about the types of bank jobs available as well as tips on how to make yourself stand out when applying.
Types of Banking Jobs (With Salary Expectations)
What are banking jobs?
Banking jobs are those within the financial service sector. These jobs typically involve working in conjunction with, or for, banks at the local, state or national level. These jobs can range in experience level and purpose, whether it be direct client services, bank security or insurance/loan-related services.
Banking Complaints Officer.
Banking Complaints Officers are responsible for checking customer complaints and making sure they are handled in a timely and professional manner. They investigate issues such as inappropriate charges, delayed payments, security violations, and discrepancy reports. To become a Banking Complaints Officer, you’ll need excellent problem-solving skills and the ability to communicate effectively with customers. It is also essential to have knowledge of Pakistani banking regulations and standards.
Relationship Managers are responsible for developing, managing and maintaining strong relationships with customers and clients. They act as the link between banks and their clients by understanding the requirements of customers and recommending products accordingly. Duties associated with this job include processing bank transactions, responding to customer inquiries and providing feedback to the bank. To become a Relationship Manager, you will need to possess excellent communication skills and be knowledgeable on various banking products.
An underwriter is responsible for reviewing a loan application and assessing whether or not the applicant can afford to pay off the loan. Further, they draft up a contract for approved borrowers that outlines the loan amount, and payment rates expected by their company. Underwriters may work at insurance companies, financial institutions, banks and other lending companies. Prospective underwriters should obtain a bachelor’s degree in finance, economics, business or mathematics.
Loan Officers review loan applications and recommend approval or denial for potential borrowers. They interact with customers providing information about the terms and conditions of loans including the interest rates, fees, guaranteed payments and repayment options. Loan Officers typically need knowledge of banking regulations to ensure loans comply with policies, as well as experience in sales and customer service.
Financial Advisor/ Investment Planner.
Financial Advisors/ Investment Planners advise clients on investment strategies and help them develop a financial plan to reach their goals. They evaluate customer’s current finances, risk tolerance, goals and investing objectives. Based on this information, they may recommend investments in stocks, bonds, funds and other available products. Financial Advisors must stay up to date with the latest news and developments in their industry as well as security regulations and laws.
Retail Banking Director/ Manager.
Retail Banking Director/ Managers are responsible for overseeing the daily operations of a bank’s retail banking outlets. This includes developing strategies to increase customer base, handling customer inquiries and complaints, monitoring staff performance and providing job training. They also analyze financial statements and reports to ensure compliance with regulations and local laws. Retail Banking Directors must remain current on changes in the market that may be beneficial or harmful to the bank’s retail banking operations.