High School - Independent Bankers Association of Texas€¦ · · 2013-06-04Selling cashiers checks/ money orders ... High school education Good basic math and ...

High School

Special thanks to PULSE for their production sponsorship


What is a Bank?

How do Banks Make Money?

The Organized Structure of a Bank

Work Benefits, Conditions and Hours

Positions in a Bank

How to Prepare for a Bank Career

Role Models/ Experts to Interview

Resources


A place where people:◦ store their money

◦ withdraw their money as they need it

◦ Borrow money for today and repay it over

time


A friendly place with a local focus

Local Focus◦ Knows their customers by name

◦ Understands their customers’ needs

Special thanks to PULSE for their production sponsorship.

Taking care of your money

Loaning money

Bookkeeping for your family (investments, insurance, loans)


Accounts◦ Checking

◦ Savings

◦ Credit Card

Loans for:◦ Car

◦ School

◦ House

◦ Business


Mobile banking with text messages

ATMs

Safety deposit boxes

Internet banking

Telephone/ cell phone access to your account

Bill Pay

Money Transfers


Banks make money from: ◦ Interest paid on loans they loan out to

customers◦ Small fees for special services such as: Replacing debit/ credit cards

Cashing checks from non-customers

Selling cashiers checks/ money orders

“Wiring” money


The money that banks loan to

customers comes from deposits:◦ Checking

◦ Savings

◦ Money Market

◦ Certificates of Deposit


Shareholders

Board of Directors

President/ CEO

Other Officers

Staff/ Employees


Paid 2-week vacation per year

Health insurance

Retirement plan

Tuition for advanced education

Additional days off for Federal

Holidays


Comfortable place for employees and

customers

Full time employees work 40 hours a

week, plus overtime

Part time employees limited to 36-

40 hours a week, no overtime


◦ Make up 64% of the jobs

at a bank

◦ Handle customers’

deposits, withdrawals,

change money and may sell

services

◦ Job requirements:

High school education

Good basic math and

communications skills

Feel comfortable handling

large amounts of cash

Use smart technology

solutions


Customer Care Officers

◦ Also called Customer

Service Representative or

Personal Banker

◦ Helps customers open and

close accounts

◦ Apply for bank services

◦ Job Requirements:

High school education

Good communication

skills

Enjoy interacting with

people

Excellent work ethic

Bilingual is a big plus

New Accounts Officer


◦ Helps customers borrow money

(a loan) to purchase:

House

Car

Vacant land

Business and/or inventory

Education


Bachelor’s degree

Previous experience in

banking, lending and sales

Highly motivated, good

ethic

Good communication

skills

Loan Officer


◦ Oversees operations

at a single bank

◦ Responsible for all

functions and staff


Bachelors degree in Business

Administration

Good communication skills

Technology skills

Good work ethic

Branch manager


◦ Also called a Personal Banker

◦ Opens new accounts

◦ Accepts loan applications

◦ Assists customers with

service-related questions


◦ Assesses credit worthiness of

credit applications

◦ Evaluates applicants’ financial

strength

Probability of full repayment

Whether collateral or cosigner is

needed


◦ Deals with estates

◦ Administers trusts

◦ Provides estate

planning advice to

clients


◦ Sets up conditional pledge of property as

security for repayment of a debt


◦ Financial control Analyzes the bank’s overall performance and produces a

variety of reports

◦ Internal Audit Responsible for checking financial systems and controls

within the bank are being followed

◦ Regulatory Accountants Ensures that bank reports of its financial activity

complies with rules and regulations of countries with

whom it deals


◦ Manages the insurance agreement that

obligates the insurance company to pay the

insured if there is a loss


◦ Manages the income-producing properties of

the bank


◦ Manages: Financial planning

Investment portfolio

Other aggregated financial

services

Stocks and bonds

◦ Works to enhance: Growth in the portfolio

Tax-favored treatment

of long-term investors


◦ Manages the international accounts of the

bank


What to study◦ English (writing and speaking)

◦ Math

◦ American and World History

◦ Accounting

◦ Money Matters

◦ Banking and Financial Services

◦ Securities and Investments

◦ Insurance Operations

◦ Financial Analysis

◦ Statistics and Management


How to act:◦ Demonstrate willingness to work

◦ Show up early, stay late

◦ Be a team player

◦ Communicate, communicate, communicate

What to do◦ After school activities

Citizen club

Start a business

Work part time

Join the school newspaper or yearbook

Join the school radio

Selling/ Advertising

Be a cashier


What to do with your money:◦ Make a journal to record your income

◦ Start a shoe box or a piggy bank to gather your savings

◦ Open a bank savings account

◦ Pay yourself first (savings)

◦ Keep a small percent for small purchases

◦ Be a smart saver and smart buyer

Special thanks to PULSE for their production sponsorship.

Visit a bank

Interview ◦ A teller

◦ A bank officer

◦ The bank president

◦ The technology officer

Questions to ask your

role models:◦ How did you learn how to save?

◦ What did you do when you were

at my age to help your savings?

◦ How did you become a

community banker?


www.ibat.org/foundation/students

www.careers-in-finance.com/cb.htm

www.business.com/directory/fiancial_servies/banking/employment

www.bls.gov/oco/cgs029.htm

www.getrichslowly.org/blog/2010/04/02/national-financial-literacy-month-2010

www.careeroverview.com/commercial-banking-careers.html

http://banking-finance.careerbuilder.com


http://www.ibat.org/foundation/students

http://www.careers-in-finance.com/cb.htm









http://www.bls.gov/oco/cgs029.htm

http://www.getrichslowly.org/blog/2010/04/02/national-financial-literacy-month-2010





















High School - Independent Bankers Association of Texas€¦ · · 2013-06-04Selling cashiers checks/ money orders ... High school education Good basic math and ...

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