10021 – Banking, credit and other investment managers
Lead statement
Banking and other investment managers plan, organize, direct, control and evaluate the activities of financial establishments or operational departments within such establishments. They develop business relations, promote the sale of loan, investment and other banking services and attract corporate and individual customers.
Main duties
- Network to develop business relations, promote the sale of loan, investment and other banking services and attract corporate and individual customers
- Analyze, review and approve or reject loan and credit applications in accordance with authorized limits
- Monitor processing of loan applications and credit investigations
- Oversee preparation of monthly financial and branch progress reports
- Plan, organize, direct, control and evaluate the branch operations of a bank, trust company, credit union or similar financial institution or of a department in such an institution responsible for administering personal and commercial loans, buying and selling securities, operating investment funds, administering trusts, settling estates or other related activities
- Ensure the institution's policies and procedures are followed according to established guidelines and make recommendations for improvement
- Interview corporate and individual customers and respond to customer enquiries
- Recruit personnel and identify their training needs.
- Administer corporate, commercial and personal loan accounts
- Advise customers on the commercial and personal financial services corresponding to their needs
- Ensure credit policies and procedures are followed according to established guidelines and applicable legislation
- Plan, organize, direct, control and evaluate the activities of a credit department in an industrial or commercial organization
- Evaluate and review loan and credit applications and collateral and make recommendations
- Approve or reject credit applications, establish credit limits and determine repayment plans or schedules in accordance with authorized limits
- Ensure collection of overdue or delinquent accounts
- Prepare credit and loan reports
- Recruit credit personnel and identify their training needs.
Employment requirements
- A university degree or college diploma in business administration, commerce, economics or a related field is usually required.
- A master's degree in business administration, finance or management science may be required for the management of large commercial loans.
- A recognized financial designation may be required (CFA, CFP, CIM or others).
- Completion of company or other management training programs is usually required.
- Several years of experience within the industry, including supervisory experience, are required.
Example job titles
credit union manager · regional bank manager · trust company investment manager · financial services manager · banking centre manager · trust company manager · loan and credit manager - banking or trust company · credit and collection department manager · credit and collection manager · loans manager · mortgage manager · credit card company operations manager · regional collection manager
Wages (per hour)
| Province / territory | Low | Median | High |
|---|---|---|---|
| Canada | $37.44 | $57.14 | $91.35 |
| Newfoundland and Labrador | $42.56 | $50.00 | $56.92 |
| Nova Scotia | $33.33 | $47.18 | $72.12 |
| New Brunswick | $33.00 | $48.72 | $67.47 |
| Quebec | $39.80 | $56.41 | $87.18 |
| Ontario | $38.46 | $58.97 | $96.15 |
| Manitoba | $32.05 | $46.67 | $70.67 |
| Saskatchewan | $35.90 | $55.90 | $76.92 |
| Alberta | $35.90 | $56.41 | $85.47 |
| British Columbia | $36.92 | $50.48 | $83.92 |
Source: Job Bank wages, 2025 release (ESDC). Low and high are the 10th and 90th percentiles.
Occupation details: ESDC OaSIS 2025, based on NOC 2021.