Operations Manager, Banking Salary (United Arab Emirates)
An Operations Manager, Banking earns an average salary of AED 206,776 per year.
|Range||AED 0AED 2M|
|Salary||AED 44,662 - AED 2,432,818|
|Bonus||AED 1,728 - AED 1,357,412|
|Profit Sharing||AED 6,022|
|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 52,933 - AED 2,635,553|
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.Read More...
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. (Copyright 2018 PayScale.com)
Operations Manager, Banking Tasks
- Monitor support functions and provide direction for store management.
- Develop and lead the operations team.
- Develop and implement the operating budget, health and safety management plans, and operational improvements.