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Operations Manager, Banking Average Salary

Change Country United Kingdom » Job » Operations Manager, Banking Overview » Operations Manager, Banking Salary
Updated: 21 Aug 2014
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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.
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key statistics
Key Statistics for Operations Manager, Banking Salaries and Jobs

Female
100%
female alumni
 
Male
n/a
male alumni
Salary:
Years of Experience
1-4 years
25%
5-9 years
50%
10-19 years
25%
Most Common Health Benefits
medical benefits Medical: 100% dental benefits Dental: 100%
vision benefits Vision: 50% employee benefits None: n/a

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career path Career Path for Operations Manager, Banking Jobs

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Operations Manager, Banking

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payscale
Operations Manager
£21,120 - £55,537
 
Common Future Jobs

Operations Manager, Banking

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