Banking Associate Job Description

Banking Associate Job Description

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Banking associate provides meaningful input into the training that is needed for Commerce Solutions front line employees to ensure our clients leverage Chase Business Banking and products and services.

Banking Associate Duties & Responsibilities

To write an effective banking associate job description, begin by listing detailed duties, responsibilities and expectations. We have included banking associate job description templates that you can modify and use.

Sample responsibilities for this position include:

Distribute and create financial reporting to support accounting and finance teams
Assist in implementation of new accounting standards and reporting requirements by staying current with evolving US GAAP and regulatory changes impacting the business
Processing client requests
Completing annual / interim credit reviews
Performing other duties including industry and company-specific research, ad hoc projects for senior professionals
As Private Banking Associate, you will meet with all new clients and outline how the PBA role provides support as part of the relationship team
You will act as primary contact for new and existing client's needs, coordinating sales and fulfillment with product and service specialists
As one who thrives on finding the solution, you will ensure problems are resolved to the client’s satisfaction, and you will advise the Private Banker of potential escalation/major issues
As a sales and client service professional, you will maximize opportunities with clients to enhance retention, revenue growth and referrals
Using your technological knowledge, you will also maximize the use of technology (Financial Literacy, Family Snapshot, Sales Pipeline, ) to maintain data integrity, documenting all relevant client sales and service contacts and results

Banking Associate Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Banking Associate

List any licenses or certifications required by the position: CTP, PMI, CRCM, CCBCO, AMFI, FEDAI, PMP, SAS, AAP, NSFI

Education for Banking Associate

Typically a job would require a certain level of education.

Employers hiring for the banking associate job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Finance, Accounting, Business, Economics, MBA, Business/Administration, Associates, Education, Graduate, Law

Skills for Banking Associate

Desired skills for banking associate include:

Banking solutions and processes to advise customers
Specialized sales and business banking solutions to refer to specialists
BMO FG
BMO’s products
Financial solutions
Processes and systems
Refer to appropriate source
Pricing and internal requirements
Is able to communicate these effectively to customer
Banks General Ledger and is able to properly process tickets for items as needed

Desired experience for banking associate includes:

Canadian Securities Course (CSC) or Investment Funds In Canada (IFIC) is preferred
Minimum 3-5 years in Investment / Banking / Financial Planning Industry
Flexibility to work a schedule designed to meet your customers’ needs
Candidates will be scheduled 37.5 hours per week via a schedule bidding process
Three to eight years’ experience
Upon completion of the program must have mobility

Banking Associate Examples

1

Banking Associate Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of banking associate. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for banking associate
  • Prepare external client proposals and internal underwriting memos
  • Prepare and contribute to the delivery of client presentations
  • Aid senior team members with idea generation
  • Manage and review the work of analysts
  • Develop internal relationships in order to leverage products and services provided by TDBG
  • Preparation of investment materials, management presentations, pitch materials, and general client meeting materials
  • Transaction execution – distribution of materials, NDA negotiation, data room management
  • Public comparable analysis
  • Review client account documentation to ensure Internet Banking setups are correctly allocated
  • Experience in a law firm or an in-house role at a relevant organisation
Qualifications for banking associate
  • Bachelor’s Degree in Commerce and Business Administration/Finance (or equivalent based on evaluation of academic credentials, training and/or experience) twelve months in job or job related experience to include working within an Investment Banking team specializing in Technology
  • Analyzing financial statements financial and business risks of opportunities while crafting appropriate capital structure reflecting those strengths and weaknesses
  • Providing financial analysis expertise to corporate finance bankers and product partners
  • Suitable combination of education, training and experience is accepted
  • Strong quantitative and technical abilities incl
  • Canadian Securities Course (CSC) or Investment Funds In Canada (IFIC) is required
2

Banking Associate Job Description

Job Description Example
Our growing company is looking for a banking associate. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for banking associate
  • Reviews and resolves returned wire payments and failed ACH payments
  • Tracks and resolves aged checks
  • Manages group mailbox and provides timely response to payment issues
  • Utilizes various methods to ensure vendors are on optimum payment channels
  • Supports continuous improvement initiatives of the Accounts Payable team
  • Acts as a liaison between vendors, banking partners, and outsourced business partners
  • Monitors file transfers between SAP and banking partners to identify and resolve issues
  • Acts as a back-up to other AP Banking team members
  • Completes other tasks, projects, and assignments as needed or directed
  • Engage in regularly scheduled portfolio performance review with manager to assess performance against set goals
Qualifications for banking associate
  • Bachelor's degree, preferably majoring in Finance or Accounting
  • Strong interpersonal relationship skills are critical and must have solid communication skills and a personal style conducive to building relationships
  • Ability to understand complex financial products and desire for significant transaction execution responsibility
  • Credit training and lending experience
  • Candidate must be a self-starter with exceptional interpersonal skills, and excels in a team environment, on one’s own
  • Origination execution experience preferred
3

Banking Associate Job Description

Job Description Example
Our company is hiring for a banking associate. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for banking associate
  • Monitor and track officer community involvement
  • Provide backup lobby coverage to answer phones and greet customers
  • Provide clients with products or services that can meet their needs
  • Preliminary analysis, compilation, verification and indexation of the financial information and tax structures required to process customer financing requests, in accordance with standards established by the credit center
  • Write and/or verify letters of offer and guarantees (individual and business records)
  • Ensure adherence to deadlines (loans, investments, interest income)
  • Establish and maintain effective communication with the various stakeholders involved in the files
  • Establish a relationship of trust with clients, in concert with the Private Banker
  • Acts as a subject matter expert for escalated electronic invoicing issues
  • Works directly with vendors to migrate to preferred electronic invoicing methods and to eliminate statements
Qualifications for banking associate
  • Proficient user of PowerPoint required
  • Ability to perform multiple tasks concurrently with ease and professionalism preferred
  • Ability to work a demanding schedule required
  • Highly organized with strong time management skills preferred
  • Proactive, strategic and forward thinking preferred
  • Flexible and able to travel as needed preferred
4

Banking Associate Job Description

Job Description Example
Our company is hiring for a banking associate. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for banking associate
  • Prepare documentation for the opening of all personal, commercial accounts (CEP and credit application) and keep client files up-to-date in accordance with legislated deadlines and adhering to first time right and regulatory requirements
  • Conduct in-depth compliance background checks in coordination with the Senior Private Banker, highlighting any risks observed and acting accordingly
  • Ensure the smooth management of the administrative operations of the portfolio, highlighting issues and proposing solutions as required
  • Conduct cash transactions for clients
  • Adhere to the components of the authority card under the risk management guidelines of the business
  • Live the bank’s values by embracing an attitude of agility, partnership and empowerment – be open to change
  • Maintain an efficient pace and show an acumen for prioritizing workflow in an environment with high volume, quick turn around and flawless execution requirements
  • Act as a resource person on the banking team to solve complex problems in a timely manner
  • Assist the Senior Private Banker in the activities of client meetings and business development
  • You will be an everyday banking expert specialized in delivering the Black Card Experience through high level service and support, transaction excellence, digital education and opportunity spotting
Qualifications for banking associate
  • Preferably with 2 years financial services industry experience but fresh graduates are welcome to apply
  • Should understand company financials and have a fair knowledge of the financial market
  • Ability to multi-task simultaneous projects and strong project management skills
  • Willing to do weekend coverage or at least 1 weekend day coverage
  • College degree with an emphasis in Finance or Accounting preferred
  • 1-2 years business experience preferred or strong internship experience
5

Banking Associate Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of banking associate. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for banking associate
  • Research and assimilate market data related to public and private companies
  • Maintain a positive and supportive firm culture, focused on the effective delivery of world-class service to our clients
  • Review client account documentation for Commercial Accounts and Cash Management Products
  • Ensure Internet Banking setups are correctly allocated and satisfy security measures, compliance and bank regulations
  • Provide support to the Cash Management unit regarding ACH and wire inquiries
  • Collaborate with internal partners on special projects when needed
  • Proactively handle client inquires and questions regarding banking, credit and commercial services
  • Prepare accurate documentation for the opening of all personal, commercial accounts, and credit facilities while meeting the strict deadlines for submission
  • Keep client files up to date on all platforms in accordance with legislated deadlines and adhering to first time right requirements
  • Provide support on complex files, liaising with partners in the bank to ensure regulatory, compliance, administrative, regulatory and credit risk requirements are met (0 losses and 100% first time right)
Qualifications for banking associate
  • Enrolled in a MBA program, graduating in Spring 2018
  • Knowledge of capital markets and investment banking products and applicable regulations
  • Expertise in financial and computer applications
  • Strong work ethic and a high level of professional integrity
  • Preferably with 2 years financial services industry experience, however fresh graduates are welcome to apply
  • Understanding of company financials and have a fair knowledge of the financial markets

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