Vice President & Branch Manager, Banking Salary
A Vice President & Branch Manager, Banking earns an average salary of $71,264 per year. Most people in this job have more than five years' experience in related jobs. Pay for this job does not change much by experience, with the most experienced earning only a bit more than the least.
|Salary||$53,432 - $93,139|
|Bonus||$1,980 - $17,720|
|Profit Sharing||$592 - $10,137|
|Commission||$2,553 - $39,149|
|Total Pay (||$55,910 - $103,032|
Job Description for Vice President & Branch Manager, Banking
Bank vice presidents and branch managers are responsible for ensuring that the bank branch under their supervision operates effectively. They are in charge of making sure that corporate banking procedures are followed at all times, resolving client issues, and motivating banking professionals to achieve all organizational objectives in a timely manner. They must possess strong analytical and problem-solving skills to handle day-to-day banking operations that involve large amounts of currency. This professional's main functions also include opening and closing the banking branch and making sure all of the day's operations match existing records.Read More...
Bank vice presidents and branch managers develop strong business relationships with bank customers and external vendors, as well as participate in business meetings to suggest new ideas for banking programs. They also communicate and cooperate with other branch managers and exchange relevant information as required. Bank vice presidents and branch managers also develop strategic plans for operations and review business reports. They strive to increase customer satisfaction and increase business accounts. These professionals participate in training sessions to implement new banking initiatives and provide leadership support in hiring decisions. They also approve new schedules and budgets as needed. Generally, they report their progress to the branch president or regional manager in their organization.
A bachelor's degree in finance, banking, business administration, or a related field is generally necessary for this job. In addition, previous experience in a relevant managerial capacity is required. Industry and leadership certifications may be preferred. Bank vice presidents and branch managers must be problem solvers and perform well with minimal supervision.
Vice President & Branch Manager, Banking Tasks
- Lead strategic planning for a branch of a bank, produce sales plans, and work to expand bank business.
- Act as a representative of the bank and build relationships with the local community.
- Train, develop, and evaluate the bank sales team, and enforce corporate policies and procedures.
- Establish and maintain relationships with customers and business partners.
- Oversee the assistant manager, and monitor the overall financial and customer service performance of the bank.
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