A Banking Career For Retirees

Online, November 5, 2012 (Newswire.com) - 10,000 baby boomers are retiring every day for the next 18 years? Thousands of those retirees work in the banking industry.

Banks across the country are looking for employees to fill those spots. Everyone has their choice of banking career options depending on their interests and education:

• Retail Banking-In retail banking person will be working in one of the bank branches as a part of the management team. His responsibilities will include:
- Managing a staff of employees
- Keeping the branch operational
- Selling consumer banking products
- Joining local business associations and non-profit organizations to network

• Corporate Banking-Person will be working with the bank's business clients as a relationship manager. His duties will include:
- Managing a book of business
- Meeting with the owners or other top management of privately held or publically traded companies as an advisor and as a loan officer
- Cross-sell other bank products
- Data mine and proactively solicit businesses currently at another bank
- Joining business associations and non-profit boards for networking and good citizenship

• Product Specialists-Person may want to focus on a specific product and partner with the Retail Banking Branch Manager or the Corporate Banking Relationship Manager to sell his product to the bank's customers. Person will also assist with bringing new customers to the bank and join professional organizations for his field. A few of the product specialists include:
- Treasury Management-sell cash flow management products to businesses
- Merchant Services-sell credit card processing to businesses
- Investments-you'll have your choice of selling investment products to consumers or to businesses
- Wealth Management-you'll work with wealthy individuals in the community for all of their banking needs

If selling isn't your preference, there is a wide variety of career options behind the scenes of every bank:

• Product Management-Person will be responsible for understanding the needs of the customer, develop or enhance products as the bank's customers' needs change. He will be responsible for designing, testing and training the new products to the sales staff of the bank.

• Credit Officer-Person will underwrite and analyze financial statements of the bank's customers to determine if the customer qualifies for a loan.

• Information Technology-every department of the bank will need some form of technical support, whether it is the Retail Banking's teller system or working with the employees with computer problems.

• Bank Operations-banks have a several operation departments, such as the Retail Banking's system and the customers' transactions or the Treasury Management Departments' products.

If any one is interested in a banking career, he will need training and education in order to qualify and compete with other job candidates. Granton Tech's Banking & Financial Services program will provide you with the skills you'll need to qualify for a position at any financial institution.