Operations Manager, Banking Average Salary

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AED 7,213 - AED 2,326,992  
AED 19,653  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
AED 7,213 - AED 2,520,908  
Country: United Arab Emirates | Currency: AED | Updated: 22 Oct 2016 | Individuals Reporting: 13

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Job Description for Operations Manager, Banking

A banking operations manager helps establish, maintain, and facilitate a financial institution’s method of doing business. The operations manager likely oversees all transaction reports and ensures that a high degree of accuracy is maintained by the bank. They also work to ensure that procedures related to cash on hand totals, armored car pickups, facility maintenance, and other subjects are handled properly.

Since many banks are multiunit operations, the operations manager typically has a template for the various procedures at their bank; it is their duty to make sure these standards are adhered to and maintained. Every transaction at a bank creates a record, and these records must also be examined carefully for accuracy. In most cases, the operations manager signs off on the final reconciliations for their bank at the close of business. With many banks, the operations manager also participates in the hiring process and is expected to help train new hires. Other tasks performed by the operations manager include ensuring that invoices in areas such as utilities, rent, and maintenance are approved and paid in a timely manner.

A banking operations manager typically must possess a strong background in accounting or finance, as well as a bachelor's degree. Additionally, most banks only consider applicants for this position who have extensive experience in banking at a junior-management level. The operations manager should expect to work during regular business hours in an office environment.
Operations Manager, Banking Tasks
  • Track and monitor daily workload to ensure client and operations expectations are met.
  • Provide staff direction in analyzing and resolving escalated operational problems.
  • Establish work flows, practices and standards to ensure that ongoing support is provided for operations.

Key Stats

1-4 years
5-9 years
10-19 years
20 years or more

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