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What Are the Different Types of Commercial Bank Management?

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  • Written By: D. Nelson
  • Edited By: M. C. Hughes
  • Last Modified Date: 27 September 2018
  • Copyright Protected:
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Commercial banks are for-profit financial institutions that specialize in lending money with interest to individuals and businesses, taking deposits from clients, and offering investment services. People who have positions in commercial bank management tend to be higher level or middle management professionals who have worked in the banking industry for some time and who have a strong understanding of the services banks provide and of the ways in which banks are organized. Some of the most common types of commercial bank management are financial management, investment services management, loan officer management, and customer relations management. While the names of these positions may change depending on individual employers, it is common for banks that offers these services to hire managers responsible for overseeing operations.

Individuals who work in commercial bank management tend to have undergraduate degrees in fields such as finance, accounting, or economics. In more competitive job markets, commercial bank managers also might have graduate degrees in related fields. While people who act as bank managers typically are not the highest level professionals in the banking industry, many of them, especially financial managers for large banks, have been in the industry for many years and generally have been quite successful at their jobs.

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People who have commercial bank management jobs in finance often are responsible for overseeing departments or whole branches of a commercial bank. These professionals might ensure that all operations are up to organizational standards of quality, as well as compliant with regulatory laws. Finance managers might also communicate directly with top priority clients and periodically review long term plans and investment strategies.

When individuals have commercial bank management positions in investment services, they are responsible solely for a bank's buying and selling of financial instruments. For example, this kind of professional might oversee all staff members who trade securities or who sell to clients. These commercial bank managers might spend a good deal of time performing risk management, by which they attempt to generate the greatest returns from investments by decreasing levels of risk and preparing for worst case scenarios, such as sudden declines in value.

Individuals who have commercial bank management positions in lending are responsible for overseeing all operations relevant to a bank's lending money to people and businesses. For instance, if a new business owner needs a loan, this kind of manager might review this person's business plan and have loan officers review his or her credit. This kind of manager might approve or decline loan operations him or her self or oversee approval processes performed by loan officers.

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