This section includes all our retail banking jobs.
Most large banking institutions will carry out transactions with other banks or large corporations. Within their retail operations, however, they deal directly with consumers, or the man on the street.
This generally implies a high street presence, but retail banking is increasingly taking place online and jobs in retail banking now extend beyond the branch network. Current accounts, savings accounts, debit/credit cards, mortgages, online banking and personal loans all fall under retail banking services, as well as general insurance transactions such as household and car insurance.
Retail banking also encompasses some wealth management services, but this is less about investment advice for high-net-worth individuals and more helping less affluent people make the most of their money. Financial planning services offer savings and investment advice, usually with an aim of securing a comfortable retirement.
However, junior bankers working in branches can expect to be dealing directly with customer queries and complaints face to face. They will service customers at the counter within the branch and attempt to engage with them to recommend suitable products and services. They'll also be expected to sell these products, and deal with administrative functions such as opening or closing accounts, changing customer details or setting up standing orders, for example.
Some of these support functions are also carried out over the telephone and retail banks recruit large numbers of people for their customer service call centres.
Graduates are increasingly the targets of retail banking recruitment and, if they are taken into branches, they are fast-tracked to managerial positions. After a two-year training programme learning about the financial products, leadership and customer service, candidates are either then given the responsibility of managing a branch or leading a sales function.
Away from the traditional retail banking jobs, there are also a whole range of other careers in retail banking.
Banks recruit product managers and product developers to conceive and deliver the services they offer customers, whether that's credit cards, online or mobile banking, or insurance. Connected to these functions are marketing jobs, which identify demand for particular products or services and devise and implement promotional campaigns to take advantage of this. The over-riding term for these types of jobs is 'customer propositions'.
There are also jobs in operations management; whether that's business analysts, change managers or project managers. These roles are responsible for devising operational efficiencies (including downsizing strategies), running the bank's systems and processes, diversifying its product offerings, as well as coming up with ways to transform the way the business operates across finance, risk and technology functions.
Risk is another key function of retail banking. This covers risk at a group level - credit, operational and market risk managers - as well as people advising on whether to issue personal loans and mortgages. Fraud prevention jobs are also integral to retail banks' risk divisions, whether they involve protecting customers' personal details (or information security), anti-money laundering (AML) roles or jobs in preventing bribery and corruption.
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|Retail Customer Service Director||Industrial Securities competitive||China-Shanghai||21 May 13|
Retail Customer Service Director with 5+ years experience in financial institution retail customer service sys...
|MNC Relationship Manager||Michael Page Attractive Salary||China-Shanghai||21 May 13|
It is a good opportunity to join in a great platform developing your self and get reward for high performance
|Head of Business Department||China Minsheng Banking Corporation Limited competitive||China-Beijing||21 May 13|
Excellent opportunity to join China Minsheng Banking ( Beijing) as Head of Business Department with mini 8 yea...
|Head of sub-branch||China Minsheng Banking Corporation Limited competitive||China-Beijing||21 May 13|
Excellent opportunity to join China Minsheng Banking as Head of sub-branch (available for multiple sub-branche...
|Head of Industry Financial Department||China Minsheng Banking Corporation Limited competitive||China-Shanghai||21 May 13|
China Minsheng Banking is looking for talents for Head of Industry Financial Department with mini 8 years fina...
|Project Manager of Investment Banking||China Minsheng Banking Corporation Limited competitive||China-Beijing||21 May 13|
China Minsheng Banking is looking for talents for Project Manager of Investment Banking with mini 6 years fin...
|Senior Account Manager for Corporate Business||China Minsheng Banking Corporation Limited competitive||China-Beijing||21 May 13|
China Minsheng Banking is looking for talents for Senior Account Manager for Corporate Business (available for...
|Senior Manager of Retail Business||China Minsheng Banking Corporation Limited competitive||China-Beijing||21 May 13|
China Minsheng Banking is looking for Senior Manager of Retail Business with mini 6 years financial industry e...
|Research and Planning of Retail Business||China Minsheng Banking Corporation Limited competitive||China-Beijing||21 May 13|
China Minsheng Banking (Beijing) is looking for Research and Planning of Retail Business with mini 6 years fin...
|Marketing Planner||China Minsheng Banking Corporation Limited competitive||China-Guangzhou||21 May 13|
China Minsheng Bank is looking for Marketing Planner with 2 years above banking experience and more than 1 yea...
|Investment Consultant of Private Banking||China Minsheng Banking Corporation Limited competitive||China-Shanghai||21 May 13|
China Minsheng Banking is looking for Investment Consultant of Private Banking with mini 6 years financial in...
|Product Manager of Private Bank||China Minsheng Banking Corporation Limited competitive||China-Shanghai||21 May 13|
China Minsheng Banking is looking for Product Manager of Private Bank with mini 6 years financial industry exp...
|Director, Operational Risk||H Y Partners Attractive compensation structure||China-Shanghai||20 May 13|
Promising career advancement platform; Attractive remuneration;
|VP Treasury Operation||H Y Partners Attractive compensation structure||China-Shanghai||16 May 13|
Promising career advancement platform; Attractive remuneration;
|Head of SME Business||Robert Walters China Very attractive package & bonus scheme||China-Shanghai||10 May 13|
Our client is a famous global leading bank with sizeable operations in China and Asia Pacific. They are commit...
|Associate – Business Management (Retail / Consumer Banking)||Santander Consulting (Beijing) Co. Ltd Negotiable||China-Beijing||08 May 13|
Santander Group is the largest financial institution in Spain and Latin America and the largest Bank in Euro-z...