Commercial banks are financial institutions that provide services such as accepting deposits and giving business or personal loans. Some of the biggest commercial banks are Citigroup, HSBC, BNP Paribas or ABN Amro.
The possible careers in this sector include:
Credit analyst
The credit analyst evaluates business and consumer loan applications. The main tasks include forecasting a company's future cash flow, evaluating its current financial situation, interacting with financial people, especially with lenders. The job demands good accounting and communication skills.
Loan officer
The job involves making loans to consumers and companies. Most senior managers at commercial banks were once loan officers.
The job requires good selling and analytical skills, since loan officers often have to understand the client businesses and companies.
Branch manager
He supervises all the activities at a branch, including openings of new accounts, loan origination, solving customer problems, foreign exchange and safe deposit boxes. The position requires very good customer service and leadership skills as well as strong quantitative abilities.
Trust officer
The trust officer delivers advice, trust services and financial products to bank customers. The job involves investing, estate planning, taxes, and advisory and requires very good communication skills, as well as an interest in various fields of finance.
Mortgage banker
He mainly delivers mortgage loans to homebuyers and businesses. Frequent contacts with real estate people, credit checks, and dealing with new buyers are the day to day activities of this job. The requirements are good analytical and communication skills, as well as a taste for real estate.
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