Plans, directs and co-ordinate activities of workers in bank/financial setting. Establish and maintain relationships with clients, oversees the flow of cash and financial instruments.
Work Environment
Bank / Financial Manager s typically work in the following Career Sectors:
Videos & Interviews
Videos on the Web
- Bank / Financial Manager - from: Youtube Search
- Finance Manager - from: icould [UK] Video
The Work
Bank managers work in either branch and retail management, or in some form of specialist banking service providing support to branches.
Managers working in branch banking must run the bank profitably and within targets set by head office. They try to find out the banking needs of personal and business customers and promote the wide range of services the bank offers. This may include, for example, providing an automatic payroll service for an employer, or giving advice on pension funds, investments, insurance and tax to individual customers.
Managers look at customers' requests for loans and overdrafts and decide on the conditions to attach to any loan facilities. Branch managers are also responsible for the day-to-day running of the branch, including personnel matters, training and monitoring work practices.
Managers working in specialist banking services work in a number of different areas. These include:
- Commercial and corporate banking
- Information technology
- Providing financial services.
Other managers may be based at regional or head offices dealing with trusts and investments, marketing, training or human resource management. At senior level, specialist managers assist in the formulation of policy and undertake economic research work.
Further Information
- Bank / Financial Manager - from: N.C.S. [UK]
- Bank / Financial Manager - from: GradIreland
- Bank / Financial Manager - from: GradIreland
Qualities - Bank / Financial Manager
As a bank manager you'll need good communication and business skills and a methodical approach to problem solving. The ability to use and understand computers is important. You are likely to be given responsibility early on in your career.
Interests - Bank / Financial Manager
This occupation is typically suited for people with the following Career Interests:
Enterprising
Enterprising people like situations that involve using resources for personal or corporate economic gain. Such people may have an opportunistic frame of mind, and are drawn to commerce, trade and making deals. Some pursue sales and marketing occupations. Many will eventually end up owning their own business, or in management roles in larger organisations. They tend to be very goal-oriented and work best when focused on a target. Some have an entrepreneurial inclination.
Administrative
Administrative people are interested in work that offers security and a sense of being part of a larger process. They may be at their most productive under supervisors who give clear guidelines and while performing routine tasks in a methodical and reliable way.
They tend to enjoy clerical and most forms of office work, where they perform essential administrative duties. They often form the backbone of large and small organisations alike. They may enjoy being in charge of office filing systems, and using computers and other office equipment to keep things running smoothly. They usually like routine work hours and prefer comfortable indoor workplaces.
Social
The Social person's interests focus on interacting with the people in their environment. In all cases, the Social person enjoys the personal contact with other people in preference to the impersonal dealings with things, data and ideas found in other groups.
Many will seek out positions where there is direct contact with the public in some advisory role, whether a receptionist or a counsellor. Social people are motivated by an interest in different types of people and like diversity in their work environments. Many are drawn towards careers in the caring professions and social welfare area, whilst others prefer teaching and other 'informing' roles.
Entry - Bank / Financial Manager
Each banking institution has specific entry requirements. In general preparation of your skills, experience, and quaklification in financial services, customer service, and management.
Training & Development
FET Centre Traineeship: Business Admin, Accounting Technician, Supervisory Management in centres around Ireland NFQ Level 5-6 Search FET Courses
FET PLC Courses: Business Management, Sales, Marketing, Commerce, Banking & Financial Services, Banking, Insurance and Financial Services - Pre-Apprenticeship, e-Business Studies with Banking and Insurance, and Accounting at NFQ Levels 5-6 Search FET PLC Courses
Apprenticeship: Accounting, Financial Services, Sales Apprenticeships from NFQ levels 6-9 Search Apprenticeships
Higher Education CAO Entry: Business, Commerce, Economics, Maths & Statistics, Accounts & Finance NFQ Levels 6-8 Search CAO courses
Professional Development
Postgraduate Study Options Sales, Business, Accounts, Management, Regulatory & Compliance, Financial advice NFQ level 9
International Financial Services Skillnet Network
The 30% club: Growth Through Diversity
Irish Banking & Payments federation
Last Updated: April, 2023
Pay & Salary - Bank / Financial Manager
Salary Range (thousands per year)* €42k - €88k
Salaries vary based on employer, location, experience, duties, and role.
Data Source(s):
Morgan McKinley / Sigmar/ Talent/ Osborne/ Clark
Last Updated: July, 2024
* The lower figures typically reflect starting salaries. Higher salaries are awarded to those with greater experience and responsibility. Positions in Dublin sometimes command higher salaries.
View Salary information from Indeed.ie
Note: data not aways available
Labour Market Updates - Bank / Financial Manager
This information has been derived from the Solas National Skills Bulletin (2023).
Employment has grown annually for this occupation since 2019, resulting in an above average annual growth rate over the five-year period. Between quarter 4 2021 and quarter 4 2022, there was little growth in employment for the financial institution managers, with most of the growth relating to other financial managers/directors. Four-fifths of employment is concentrated in the financial activities sector. Although small in number, online job adverts grew by 7% in 2022.
Spotlight on Skills data points to a continuing demand for a range of financial related skills, including financial management, acumen, analysis and forecasting. Skills for financial managers, and in particular financial institution managers, are evolving with the changing nature of the financial sector, e.g. the impact of automation and digitalisation, the move to online banking and the transition to sustainable finance, with upskilling/reskilling likely to be a key requirement to meet future demand.
Employment growth for this occupation was below the national average for the five-year period, although employment grew strongly in the year to 2020. The data provides no evidence of issues in relation to this occupation.
Useful Contacts - Bank / Financial Manager
-
Banking and Payments Federation Ireland
- Nassau House, Nassau St. Dublin 2
- (01) 671 5311
- [email protected]
- Click Here
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Institute of Bankers in Ireland
- 1 North Wall Quay, Dublin 1.
- (01) 611 6500
- [email protected]
- Click Here
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FSU Financial Services Union (former IBOA)
- Stephen Street Upper, Dublin 8, D08 DR9P
- (0)1 4755908
- [email protected]
- Click Here
