What Do Bank Vice President (VP)s Do?
The main responsibility of a bank vice president is to determine who they should and shouldn’t loan money to. They will sit down with potential customers and find out what they need a loan for. Then they must do thorough checks to find out if the person is a good investment, or if the person has a bad credit rating and should be avoided.
After the loans are in place, the vice president will then handle the servicing duties of the loans. This will include all of the required paperwork and l…Read more
- Supervise the managers and staff of a department. oversee projects, and act as a contact point for clients.
- Establish relationships with clients and identify marketing opportunities.
- Report department activities to upper management, oversight committees, and clients.
- Develop bank policies and procedures for department under supervision and ensure all policies and regulations are followed.