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Banking & Financial Services Careers

The document discusses careers in the banking and financial services field. It describes the various roles in this sector, from customer service and sales positions to financial advisors, analysts, and managers. Common employers include banks, mortgage companies, credit unions, and government agencies. Most positions require a bachelor's degree in finance or business. Duties involve tasks like managing cash flow, preparing financial reports, and recommending investments. The document outlines career progression from entry-level customer service jobs to sales and analyst roles. It also lists relevant professional associations and important skills for these careers.

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68 views4 pages

Banking & Financial Services Careers

The document discusses careers in the banking and financial services field. It describes the various roles in this sector, from customer service and sales positions to financial advisors, analysts, and managers. Common employers include banks, mortgage companies, credit unions, and government agencies. Most positions require a bachelor's degree in finance or business. Duties involve tasks like managing cash flow, preparing financial reports, and recommending investments. The document outlines career progression from entry-level customer service jobs to sales and analyst roles. It also lists relevant professional associations and important skills for these careers.

Uploaded by

ffdsfkds
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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Banking & Financial Services

careers
Banking and Financial Services careers include a variety of
banking and money management services such as saving,
investing and retirement plans. Careers in banking and
financial services range from customer service banking and
sales positions, financial advisers and analyst positions. They
typically work in commercial banks, mortgage companies,
savings and loan establishments and credit unions.
Government agencies and companies also require financial
services professionals to manage their portfolios and
statements and also to audit and regulate other institutions.
The Banking and Financial Services field is large with many
opportunities for growth. In order to get into the banking and
financial services field, most positions require a Bachelors
degree in finance or business related field. Banking and
Financial Services professionals can expect to work in an office
or banking environment. They typically work Monday to Friday
work hours, but may need to work overtime when necessary.
They should enjoy working with numbers, have strong
analytical skills and excellent communication abilities to work
with customers, clients and stakeholders.Professionals involved
in financial services research, plan and lead financial plan
activities to invest and manage resources for companies and
organisations. They must be able to interpret financial
statements and predict future market changes to recommend
beneficial investments and manage financial funds. Financial
services professionals such as financial managers manage the
cash flow for companies and organisations, overseeing the
preparation of financial reports and working with investment
strategies.Individuals seeking a career in banking and financial
services may gain experience first in customer service
positions in banks, lending institutions and credit card
companies. They can also work in account services, facilitating
account transactions for banks and loan service organisations.
They may then move on to sales positions where they can
provide information to investors about stocks, bonds and
retirement funds and assist customers with mortgage loans.
Financial analysts typically work for investment banks,
insurance companies, mutual fund organisations, and pension
and securities firms. They provide analytical expertise to the
company or organisation on investment predictions and
strategies. Overall, banking and financial services is a strong

and powerful industry to be in.


Read less

Related careers in Banking & Financial


Services
Auditors and Company Secretaries
Bank Manager
Bank Workers
Branch Manager (Financial Services)
Brokers (Financial)
Chief Executives and Managing Directors
Chief Finance Officers
Company Secretaries
Credit and Loan Officers
Dealers (Financial)
Debt Collectors
Economists
Finance Managers
Financial Brokers
Financial Dealers
Financial Investment Advisers and

Managers

Investment Advisers
Loans Officers
Managers (Finance)
Managing Directors
Statisticians
Stockbrokers

Leading employers

AMP
Australia and New Zealand Banking Group (ANZ)
Bank Of Queensland
Commonwealth Bank
Macquarie Bank
National Australia Bank
QBE Insurance
St George Bank
Suncorp-Metway
Westpac Banking

Professional associations and industry


bodies

Accounting and Finance Association of Australia and


New Zealand (AFAANZ)
http://www.afaanz.org
Australian Bankers Association Inc
http://www.bankers.asn.au
Australian Financial Markets Association (AFMA)
http://www.afma.com.au
Australian Institute of Credit Management
http://www.aicm.com.au
Australian Securities and Investments Commission
http://www.asic.gov.au
Chartered Financial Analyst Society
http://www.cfas.org.au
Financial Planning Association of Australia (FPA)
http://www.fpa.asn.au
Financial Services Institute of Australasia (Finsia)
http://www.finsia.com
The Economic Society of Australia
http://www.ecosoc.org.au

Skills and personality


Ability to comprehend large amounts of information
Ability to work for long periods of time in an office or
customer service environment
Able to interpret financial information and market
circumstances and make sound judgements
Highly organised to maintain customer/client portfolios and
needs
Knowledge and adherence to regulations and procedures
affecting banking and financial services sector
Problem solving abilities when dealing with funds
Strong analytical skills to understand financial figures and
foresee future trends and advise clients on best options
Strong communication skills to work well with clients and
present situation and options in a clear and cohesive
manner
Strong mathematical capabilities

Thorough attention to details and numbers

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