Financial Services Representative at Canadian Imperial Bank of Commerce (CIBC) Salary (Canada)
A Financial Services Representative at Canadian Imperial Bank of Commerce (CIBC) earns an average salary of C$38,550 per year. People in this job generally don't have more than 10 years' experience.
|Salary||C$33,771 - C$43,465|
|Bonus||C$501 - C$4,036|
|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).)
|C$34,147 - C$45,482|
Job Description for Financial Services Representative
A financial services representative works for a bank or other financial establishment to assist customers with a variety of the investments. They may also serve as the point person for handling regular loan applications for home mortgages, which includes providing information to customers on the application process. The financial services representative must be familiar with - and able to speak to customers about - a variety of investment strategies to suit the varying needs of the bank’s customers. The representative must be able to gather information from clients such as age, time until retirement, family size, and income to help the client determine appropriate investment options. The representative also looks at the client’s current investments and debts, and they may also be expected to make recommendations related to reducing payments or interest. Many banks also sell investment insurance and life-event insurance. The financial services representative presents these products to clients and customers as well.Read More...
The educational requirements for this position vary by institution. Some establishments allow practical banking and demonstrated financial product knowledge to supersede formal education, but many banks prefer individuals with at least a bachelor's degree in business, finance, or a related discipline. A financial services representative typically works in an office environment during regular business hours. (Copyright 2018 PayScale.com)
Financial Services Representative Tasks
- Provide financial advice and match financial products with customers' needs and goals.
- Develop long-term rapport with customers and foster profitable relationships.
- Monitor market trends, identify and pursue potential customer leads, and meet sales goals.
- Discuss customers' financial concerns, questions, and needs.
Financial Services Representative Job Listings
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Key Stats for Financial Services Representative
Rated 4 out of 5
based on 16 votes.