Financial institution manager or director

Financial institution managers and directors plan, organise, direct and co-ordinate the activities and resources of banks, building societies, insurance companies and post offices.

Tasks

  • Ensures compliance with the statutory regulatory framework.
  • Preparing general reports and briefs on more complex cases for senior management.
  • Promotes financial services, establishes contact with the local business community and professional firms.
  • Authorises loans and mortgages in accordance with bank or building society policy.
  • Verifies that accounting, recording and information storage and retrieval procedures are adhered to.
  • Plans, organises, directs and co-ordinates the activities of financial institutions.

Typical Education Level

Honours, Bachelor's degree

Will retirement created job openings

In the UK, 11% in this profession are aged 55 or above.* They will likely retire in the next 10 years, creating a demand for new workers

*This is based on national data

£46,654

Average annual earnings

The current average wage for financial institution manager or director is £46,654

2,151 positions

Current Employment

The number of jobs in the career for the current year is 2,151. Job counts include both employed and self-employed persons, and do not distinguish between full- and part-time jobs.

jobs

Job Postings

Over the past year, jobs have been posted for financial institution manager or director roles.

How well does it pay?

Normal pay for this occupation is £46,654 per year. That is about £3,888 per month or £23.93 per hour. New workers generally start on £24,149, while highly experienced workers can earn as much as £104,770

Is it growing or declining?

This career has remained the same over the last 2 years, and is expected to remain the same over the next 4 years. Currently, 2,151 people are employed in the region.

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