With limited supervision, the Banking Operations Director performs financial and administrative management tasks by supervising and organizing banking operations and services. The employee would interact with other bankers and city officials on treasury-based affairs, to help assure compliance with any applicable codes and policies.
This position will drive the team to achieve optimal results, and continue the improvement process. Candidates must be willing to supervise employees and motivate team members, while establishing standards for high quality work.
The Duties and Responsibilities of a Banking Operations Director
The Banking Operations Director’s duties are highly specialized and technical. The candidate, if chosen, would work with substantial authority in the arrangement of banking services, as well as managing programs that may have a financial impact on the city. General supervision may be provided by the Banking Operations Manager or Chief Investment Officer, if appointed. These duties listed may not encompass all the tasks directed to the candidate if chosen, but are a basic guideline of accepted responsibilities.
Essential responsibilities and duties may include, but are not limited to, the participation of the employee on boards and committees as required; meetings with city officials; the establishment of banking services for the allocation of investment income; and the prioritizing of objectives for the money.
Education, Skills, and Experience
The right candidate would possess knowledge of current laws and literature regarding municipal treasury activity, as well as experience with municipal banking and detailed knowledge of the workings of budgets and cash flow. The candidate must be knowledgeable of public administration practices including directing, staffing, and organizing.
The ability to apply strategies for financial and credit analysis information is also required. Once hired, the employee must demonstrate skill in employment of modern technology, as well as the preparation and presentation of statistical and financial reports.
Experience requires an average of five years of experience in banking operations, as well as graduation from an accredited college or university with a Bachelor’s degree, or the equivalent, in economics, accounting, public or business administration, finance, or a similar field. Median salary in the United States, as of November 2013, is $85,310, but may vary based on applicant qualifications, location, or other discrepancies.
The top ten percent of Banking Operations Directors make an average salary of $114,489 annually, and the bottom ten percent earn about $59,715. Many factors can affect the salary the candidate should expect, and this should be discussed at a later date.