high school - independent bankers association of texas€¦ · · 2013-06-04selling cashiers...
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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
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A place where people:◦ store their money
◦ withdraw their money as they need it
◦ Borrow money for today and repay it over
time
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A friendly place with a local focus
Local Focus◦ Knows their customers by name
◦ Understands their customers’ needs
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Taking care of your money
Loaning money
Bookkeeping for your family (investments, insurance, loans)
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Accounts◦ Checking
◦ Savings
◦ Credit Card
Loans for:◦ Car
◦ School
◦ House
◦ Business
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Mobile banking with text messages
ATMs
Safety deposit boxes
Internet banking
Telephone/ cell phone access to your account
Bill Pay
Money Transfers
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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
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The money that banks loan to
customers comes from deposits:◦ Checking
◦ Savings
◦ Money Market
◦ Certificates of Deposit
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Shareholders
Board of Directors
President/ CEO
Other Officers
Staff/ Employees
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Paid 2-week vacation per year
Health insurance
Retirement plan
Tuition for advanced education
Additional days off for Federal
Holidays
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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
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◦ 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
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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
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◦ Helps customers borrow money
(a loan) to purchase:
House
Car
Vacant land
Business and/or inventory
Education
◦ Job Requirements:
Bachelor’s degree
Previous experience in
banking, lending and sales
Highly motivated, good
ethic
Good communication
skills
Loan Officer
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◦ Oversees operations
at a single bank
◦ Responsible for all
functions and staff
◦ Job Requirements:
Bachelors degree in Business
Administration
Good communication skills
Technology skills
Good work ethic
Branch manager
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◦ Also called a Personal Banker
◦ Opens new accounts
◦ Accepts loan applications
◦ Assists customers with
service-related questions
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◦ Assesses credit worthiness of
credit applications
◦ Evaluates applicants’ financial
strength
Probability of full repayment
Whether collateral or cosigner is
needed
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◦ Deals with estates
◦ Administers trusts
◦ Provides estate
planning advice to
clients
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◦ Sets up conditional pledge of property as
security for repayment of a debt
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◦ 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
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◦ Manages the insurance agreement that
obligates the insurance company to pay the
insured if there is a loss
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◦ Manages the income-producing properties of
the bank
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◦ 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
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◦ Manages the international accounts of the
bank
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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
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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
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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
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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?
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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
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