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Bank Manager, Banker, Loans Manager, Personal Financial Services Specialist, Risk Manager
In Canada, the federal government groups and organizes occupations based on a National Occupational Classification (NOC) system. This alis occupation may not reflect the entire NOC group it is part of. Data for the NOC group can apply across multiple occupations.
The NOC system is updated every 5 years to reflect changes in the labour market. Government forms and labour market data may group and refer to an occupation differently, depending on the system used. Here is how this occupation has been classified over time:
In Alberta, this occupation is part of 1 or more 2006 National Occupational Classification (NOC) groups. If there are multiple related NOC groups, select a NOC heading to learn about each one.
Interest in co-ordinating information to direct, control and evaluate the activities of credit departments in industrial and commercial organizations; and in approving and rejecting credit applications, and in recruiting personnel and identifying their training needs
Interest in administering corporate, commercial and personal loan accounts, in ensuring that credit policies and procedures are followed according to established guidelines and applicable legislation, and in ensuring the collection of overdue and delinquent accounts
Interest in negotiating with other managers and staff to arrive at decisions, and with customers to determine repayment plans and schedules in accordance with authorized limits; and in advising customers on the commercial and personal financial services corresponding to their needs
To identify or change your interest codes, complete the Interests Exercise in CAREERinsite.
The interest code helps you figure out if you’d like to work in a particular occupation.
It’s based on the Canadian Work Preference Inventory (CWPI), which measures 5 occupational interests: Directive, Innovative, Methodical, Objective, and Social.
Each set of 3 interest codes for this NOC group is listed in order of importance.
A code in capital letters means it’s a strong fit for the occupation.
A code in all lowercase letters means the fit is weaker.
To fill in or change the values for your abilities, complete the Abilities Exercise in CAREERinsite.
A Quick Guide
You are born with abilities that help you process certain types of information and turn it into action. These abilities influence which skills you can learn more easily.
The abilities or aptitudes shown for this NOC group come from the General Aptitude Test Battery (GATB). The GATB measures 9 aptitudes. It groups them into 3 categories: mental, visual, and physical.
The abilities scores range from 1 to 5, with 5 being stronger.
Many organizations offer loans and credit services to individuals (consumer credit) and businesses (commercial credit). Credit / loans managers ensure that those who want to borrow money are a safe financial risk to the organization.
In smaller firms, credit / loans managers may be responsible for cash management, profitability, and portfolio growth as well as:
In larger firms, they may:
Many larger organizations have credit operations in which the department that authorizes credit for higher-level accounts is separate from the department that collects outstanding accounts. Different credit / loans managers may be responsible for each department.
Credit / loans managers usually work in an office environment. They may work long hours. They constantly deal with people, including staff members, people in business and industry, and the public. Commercial credit / loans managers may travel to firms or plants to interview prospective borrowers and assess business operations.
Credit / loans managers need:
They should enjoy supervising and coordinating the work of others, having clear rules and methods to guide their activities, and working with people.
In Alberta, this occupation is part of 1 or more 2016 National Occupational Classification (NOC) groups. If there are multiple related NOC groups, select a NOC heading to learn about each one.
This chart shows which job skills are currently in highest demand for this occupational group. It was created using this occupation's 11 most recent Alberta job postings, collected between Nov 26, 2021 and Mar 17, 2023.
Review these skills to learn:
| Tasks: Oversee the preparation of reports | 7 |
|---|---|
| Attention to detail | 6 |
| Tasks: Plan, organize, direct, control and evaluate daily operations | 6 |
| Tasks: Establish policies and procedures for assessing credit and loan applications | 6 |
| Tasks: Authorize loan and credit applications | 6 |
| Tasks: Network to develop business relations, promote the sale of loan, investment and other banking services and attract corporate and individual customers | 6 |
| Construction Specialization: Flexibility | 5 |
| Tasks: Plan and control budget and expenditures | 5 |
| Construction Specialization: Client focus | 4 |
| Tasks: Advise senior management | 4 |
Employers generally prefer to hire credit / loans managers who have related post-secondary education in fields such as finance, business, accounting, economics, or agriculture. Suitable programs are offered by schools located throughout Alberta.
The following schools offer programs or courses that are related to this occupation but are not required to enter the field.
To expand or narrow your search for programs related to this occupation, visit Post-Secondary Programs.
Completing a program does not guarantee entrance into an occupation. Before enrolling in an education program, prospective students should look into various sources for education options and employment possibilities. For example, contact associations and employers in this field.
The Canadian Credit Union Association (CCUA) and Credit Institute of Canada (CIC) offer voluntary certification.
The CCUA offers 3 accreditation programs and 2 designations for employees of credit unions and affiliated organizations.
The CIC awards its Certified Credit Professional (CCP) designation to members who have completed the institute’s 8-course Credit Management program and have 5 years of practical experience in a credit position.
Source: 2019-2023 Alberta Regional Occupational Demand Outlook
Credit / loans managers work for organizations such as:
Employers often have in-house training programs to help those in junior positions develop the skills needed to become credit / loans managers. Trainees may work closely with experienced managers while working through the program.
Depending on their qualifications, experienced credit / loans managers may advance to senior positions in management, marketing, or administration. They may also advance into small business or commercial financing.
This section shows the industries where the majority of people in this occupation work. The data is based on the 2016 Census.
In Alberta, this occupation is part of 1 or more 2016 National Occupational Classification (NOC) groups.
In the 0122: Banking, credit and other investment managers occupational group, 81.8% of people work in:
Employment outlook is influenced by a wide variety of factors including:
In Alberta, the 0122: Banking, credit and other investment managers occupational group is expected to have a below-average annual growth of 1.7% from 2019 to 2023. In addition to job openings created by employment turnover, 78 new positions are forecasted to be created within this occupational group each year.
Note
NOC groups often include several related occupations. Although there is labour market data for the larger NOC group, this occupation makes up only a part of that group. It means data for this occupation may be different than the data shown. For example, only some of the new positions to be created will be for this occupation. It also applies to other data for the NOC group such as number of people employed.
Source: 2019-2023 Alberta Regional Occupational Demand Outlook
Employment turnover is expected to increase as members of the baby boom generation retire over the next few years.
Credit / loans managers’ salaries vary widely depending on the size and nature of the employer and the training and responsibilities of the employee. Credit / loans managers in commercial credit tend to earn higher salaries than those in consumer credit organizations.
In Alberta, this occupation is part of 1 or more 2016 National Occupational Classification (NOC) groups. If there are multiple related NOC groups, select a NOC heading to learn about each one.
Unless otherwise noted, the data shown here is for all industries and all regions in Alberta.
All wage estimates are hourly except where otherwise indicated. Wages and salaries do not include overtime hours, tips, benefits, profit shares, bonuses (unrelated to production), and other forms of compensation.
To see the full survey data for this NOC group, visit the wage profile.
Other wage sources
To make an informed wage and salary decision, research other wage sources [pdf] to supplement this data.
Good Reliability, represents a CV of between 6.01% and 15.00% and/or fewer than 30 survey observations and/or if survey observations represent less than 50% of all estimated employment for the occupation.
| Wages* | Low (5th percentile) | High (95th percentile) | Average | Median |
|---|---|---|---|---|
| Starting | $18.00 | $71.15 | $38.77 | $38.51 |
| Overall | $19.00 | $79.49 | $50.41 | $49.71 |
| Top | $20.00 | $120.00 | $61.71 | $63.08 |
Swipe left and right to view all data. Scroll left and right to view all data.
* All wage estimates are hourly except where otherwise indicated. Wages and salaries do not include overtime hours, tips, benefits, profit shares, bonuses (unrelated to production) and other forms of compensation.
Pay brackets for hourly wages
| Retail Trade | $128,147 |
|---|---|
| Public Administration | $106,746 |
| ALL INDUSTRIES | $102,925 |
| Finance, Insurance, Real Estate, Leasing | $92,530 |
| Wholesale Trade | $83,150 |
Canadian Credit Union Association (CCUA) website: ccua.com
Canadian Securities Institute (CSI) website: www.csi.ca
Credit Institute of Canada (CIC) website: creditinstitute.org
Get information and referrals about career, education, and employment options from Alberta Supports.
Updated Mar 31, 2022. The information contained in this profile is current as of the dates shown. Salary, employment outlook, and educational program information may change without notice. It is advised that you confirm this information before making any career decisions.
