10021 - Banking, Credit, and Other Investment Managers

Banking, Credit, and Other Investment Managers are in high demand across Canada’s popular sectors including Finance and Investment. The demand for skilled workers under this TEER has been rapidly expanding post the pandemic, and this trend is expected to continue over the coming years. There will be many job opportunities available for Banking, Credit, and Other Investment Managers in Canada.

The high demand for skilled workers in this field has resulted in competitive salaries and excellent benefits for Banking, Credit, and Other Investment Managers can range from $57,900 to $138,700 per year, depending on experience, location, and specialization, but they tend to be higher than average in this industry. 

Banking, Credit, and Other Investment Manager Jobs in Canada also offer many opportunities for career advancement in employment areas including banks, trust companies, credit unions, insurance companies, credit card companies, consumer loan companies, mutual fund investment firms, mortgage investment companies, or other financial establishments concerned with extending loans and financing and investments. Professionals have numerous opportunities to expand their skills and take on new challenges as Banking, Credit, and Other Investment Managers in Canada.  

Banking, Credit, and Other Investment Managers in Canada can avail of a wide range of benefits, from strong job security to high compensation, a supportive work environment, a direct Canada PR for Banking, Credit, and Other Investment Managers pathway, and free healthcare. Canada is known for its welcoming and diverse culture, making it a great place for individuals under this TEER to live and work.

Let us help you Apply for Canada PR as Banking, Credit, and Other Investment Managers.

Example Titles

• Assistant operations manager - banking, credit and investment
• Bank manager
• Banking operations manager
• Collection centre manager
• Commercial banking manager
• Corporate banking centre manager
• Corporate services manager - banking, credit and investment
• Credit card centre manager
• Credit card company operations manager
• Credit manager
• Credit union manager
• Mortgage and consumer credit manager
• Personal services manager - banking, credit and investment
• Regional collection manager
• Trust company manager

Main Duties

This group performs some or all of the following duties:

Banking managers

• Plan, organize, direct, control and evaluate the branch operations of a bank, trust company, credit union or similar financial institution or of a department in such an institution responsible for administering personal and commercial loans, buying and selling securities, operating investment funds, administering trusts, settling estates or other related activities.
• Ensure the institution's policies and procedures are followed according to established guidelines and make recommendations for improvement.
• Network to develop business relations, promote the sale of loans, investment and other banking services and attract corporate and individual customers.
• Interview corporate and individual customers and respond to customer enquiries.
• Analyze, review and approve or reject loan and credit applications in accordance with authorized limits.
• Monitor processing of loan applications and credit investigations.
• Oversee preparation of monthly financial and branch progress reports.
• Recruit personnel and identify their training needs.

Credit managers

• Plan, organize, direct, control and evaluate the activities of a credit department in an industrial or commercial organization.
• Administer corporate, commercial and personal loan accounts.
• Advise customers on commercial and personal financial services corresponding to their needs.
• Evaluate and review loan and credit applications and collateral and make recommendations.
• Approve or reject credit applications, establish credit limits and determine repayment plans or schedules in accordance with authorized limits.
• Ensure collection of overdue or delinquent accounts.
• Ensure credit policies and procedures are followed according to established guidelines and applicable legislation.
• Prepare credit and loan reports.
• Recruit credit personnel and identify their training needs.

Employment Requirements

• A university degree or college diploma in business administration, commerce, economics or a related field is usually required.
• A master's degree in business administration, finance or management science may be required for the management of large commercial loans.
• A recognized financial designation may be required (CFA, CFP, CIM or others).
• Completion of company or other management training programs is usually required.
• Several years of experience within the industry, including supervisory experience, are required.

Salary Prospects

Job Openings - TEER 10021

Over the period 2022-2031, new job openings for Banking, Credit, and Other Investment Managers are expected to total 23,700, while 22,600 new job seekers are expected to be available to fill them. Immigrants learning how to get Banking, Credit, and Other Investment Manager jobs in Canada from India can find it relatively easier to land a job under TEER 10021.