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10021 - Banking, Credit, and Other Investment Managers
Broad Occupation Category
1 - Business, finance, and administration occupations.
TEER
0 - Management occupations.
Major Group
10 - Specialized middle management occupations in administrative services, financial and business services, and communication (except broadcasting).
Sub-major Group
100 - Specialized middle management occupations in administrative services, financial and business services, and communication (except broadcasting).
Minor Group
1002 - Managers in financial and business services.
Main Duties
Banking, Credit, and Other Investment Managers perform some or all of the following duties:
- Direct branch or departmental operations in banks, trust companies, or credit unions
- Ensure compliance with internal policies and regulatory frameworks
- Promote lending, investment, and banking services to attract new clients
- Assess customer needs and respond to financial enquiries
- Approve or decline loan and credit applications within authority limits
- Monitor processing of loan files and credit investigations
- Review monthly financial and performance reports
- Recruit and train staff
- Manage corporate, commercial, and personal credit portfolios
- Advise clients on financial products
- Evaluate collateral and lending risk
- Approve or recommend credit limits and repayment schedules
- Oversee collections of delinquent accounts
- Ensure credit policies follow legislation and guidelines
- Prepare loan and risk reports
- Hire and train credit staff
Employment Requirements
These are the typical employment requirements and benefits associated with this occupation in Canada:
- A bachelor's degree in business administration, commerce, economics, finance, or a related field is usually required.
- Several years of experience in banking, credit, lending, investment services, collections, mortgage operations, or another related financial-services occupation are typically required.
- Some employers may prefer professional designations or internal banking and financial-services certifications.
- Many employers offer pension plans, medical and dental coverage, life insurance, paid leave, and employer contributions to pension and employment insurance programs.
Banking, Credit, and Other Investment Managers Salary Prospects
Community/Area
Low ($/hour)
Median ($/hour)
High ($/hour)
Community/AreaCanada
Low ($/hour)37.44
Median ($/hour)57.14
High ($/hour)91.35
Community/AreaAlberta
Low ($/hour)35.90
Median ($/hour)56.41
High ($/hour)85.47
Community/AreaBritish Columbia
Low ($/hour)36.92
Median ($/hour)50.48
High ($/hour)83.92
Community/AreaManitoba
Low ($/hour)32.05
Median ($/hour)46.67
High ($/hour)70.67
Community/AreaNew Brunswick
Low ($/hour)33.00
Median ($/hour)48.72
High ($/hour)67.47
Community/AreaNewfoundland and Labrador
Low ($/hour)42.56
Median ($/hour)50.00
High ($/hour)56.92
Community/AreaNova Scotia
Low ($/hour)33.33
Median ($/hour)47.18
High ($/hour)72.12
Community/AreaOntario
Low ($/hour)38.46
Median ($/hour)58.97
High ($/hour)96.15
Community/AreaPrince Edward Island
Low ($/hour)35.38
Median ($/hour)45.64
High ($/hour)61.54
Community/AreaQuebec
Low ($/hour)39.80
Median ($/hour)56.41
High ($/hour)87.18
Community/AreaSaskatchewan
Low ($/hour)35.90
Median ($/hour)55.90
High ($/hour)76.92
Community/AreaYukon Territory
Low ($/hour)43.30
Median ($/hour)57.41
High ($/hour)85.78