Banking Jobs Key Terms
Determine which banking jobs are best for youWhether or not you have an advanced degree, you can probably find a banking job that suits you. From working with customers to focusing on behind-the-scenes financial work, the banking industry has a lot of job opportunities. At least a bachelor's degree is required for most banking jobs, but there are also jobs for high school graduates or those with an associate's degree. To get started, familiarize yourself with key terms that are common to jobs in the banking industry.
U.S. Bureau of Labor Statistics.
Financial advisorA financial advisor (also spelled "adviser"), discusses investment options with customers to determine what types are best for them. This may include products relating to retirement, stock trading or insurance. Some banks employ financial advisors in-house while others bring them in from third-party brokerages.
Compliance officerCompliance officers review financial transactions to ensure that everything is legal and up to the bank's standards. This position requires a lot of responsibility and knowledge of the industry.
Loan processor, credit analyst or underwriterAn employee in this position analyzes residential or commercial credit applicants to determine eligibility for loans. Loan processors and credit analysts have a lot of responsibility and must work with clients, gather information and enter data into computer software. An underwriter typically works with mortgages as opposed to loans of lesser value, like vehicles and credit cards.
TellerTellers are on the front lines of the bank or credit union: They interact with customers the most and handle the majority of the money. Tellers must be good with computers and have excellent customer service skills.
University of Missouri - St. Louis.
Chief financial officer (CFO)This position most often requires some kind of degree in business as well as extensive experience in the industry. The chief financial officer, or CFO, is in control over the entire company's finances and must know how the company interacts with the outside world. The CFO works directly with other chief officers of the company as well as manages subordinates.
Copyright © 2014 Business.com, Inc. All Rights Reserved.