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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.
2006 NOC
2006 NOC-S
2011 NOC
2016 NOC
2021 NOC
2023 OaSIS
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.
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.
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 21 most recent Alberta job postings, collected between Nov 26, 2021 and Nov 07, 2024.
Review these skills to learn:
| Tasks: Oversee the preparation of reports | 13 |
|---|---|
| Tasks: Establish policies and procedures for assessing credit and loan applications | 12 |
| Tasks: Plan, organize, direct, control and evaluate daily operations | 12 |
| Tasks: Authorize loan and credit applications | 12 |
| Tasks: Establish and implement policies and procedures for accounting and financial control | 11 |
| Tasks: Advise senior management | 11 |
| Attention to detail | 9 |
| Construction Specialization: Flexibility | 8 |
| Tasks: Address customers' complaints or concerns | 8 |
| Construction Specialization: Client focus | 7 |
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 program options, visit Post-Secondary Programs and start your search with:
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: 2021-2025 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.
Banking, credit and other investment managers
2016 NOC: 0122
81.8% of people in this occupational group work in:
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 examples, see Note.
This section shows the short-term demand forecasted for this occupation in Alberta over a 3-year period. It also shows the number of people employed in the occupation.
In Alberta, this occupation is part of 1 or more 2021 National Occupational Classification (NOC) groups.
Source: 2023-2025 Alberta Short-Term Employment Forecast
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 examples, see Note.
To see data for all occupations, visit Occupations in Demand.
This section shows the employment outlook for this occupation in Alberta over a 5-year period.
Employment outlook is influenced by a wide variety of factors including:
In Alberta, this occupation is part of 1 or more 2016 National Occupational Classification (NOC) groups.
Source: 2021-2025 Alberta Regional Occupational Demand Outlook
Annual growth is from 2021 to 2025. New positions created each year are in addition to job openings created by employment turnover.
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 examples, see Note.
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
| ALL INDUSTRIES | $102,925 |
|---|---|
| Wholesale Trade | $83,150 |
| Retail Trade | $128,147 |
| Finance, Insurance, Real Estate, Leasing | $92,530 |
| Public Administration | $106,746 |
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.
