How to hire a bank consultant

How to hire a bank consultant, step by step

Here's a step-by-step bank consultant hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a bank consultant job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new bank consultant
• Step 8: Go through the hiring process checklist

What does a bank consultant do?

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1. Identify your hiring needs

   Before you start hiring a bank consultant, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   A bank consultant's background is also an important factor in determining whether they'll be a good fit for the position. For example, bank consultants from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   Here's a comparison of bank consultant salaries for various roles:

   Type of Bank Consultant	Description	Hourly rate
   Bank Consultant	Loan officers evaluate, authorize, or recommend approval of loan applications for people and businesses.	$32-56
   Escrow Officer	Escrow officers, commonly known as loan officers, are responsible for real estate processing and finalizing deals. They ensure all documents are authentic and prepared, property titles are clear, and financial obligations have been thoroughly met by the buyer and seller... Show more	$17-33
   Mortgage Underwriter	A mortgage underwriter is responsible for reviewing mortgage loan applications and deciding on its approval or rejection by evaluating the submitted documents and the applicant's eligibility. Mortgage underwriters create assessment reports, research on the applicant's credit score, analyze potential loan risk, and request for additional documentation as needed... Show more	$18-38

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Customer Service
   • PowerPoint
   • Risk Management
   • Customer Satisfaction
   • Financial Services
   • Securities
   • Financial Products
   • Reconciliations
   • Cash Management
   • Cross-Selling
   • ATM
   • Client Facing
   • Customer Relationships
   • SME

   Check all skills

   Responsibilities:

   • Provide SharePoint development and administration, budget and financial reporting; manage invoicing; and develop training manuals and user guides.
   • Collaborate with various work streams to facilitate customer distributions, security liquidations, and other cash & securities activities.
   • Conduct regular loan portfolio analysis consisting of monitoring of derivative exposure, periodic loan reviews, and covenant and compliance tracking.
   • Review profitability models to determine new ATM sites at existing corporate and service locations.

   More bank consultant duties

3. Make a budget

   Including a salary range in your bank consultant job description is one of the best ways to attract top talent. A bank consultant can vary based on:

   • Location. For example, bank consultants' average salary in colorado is 37% less than in washington.
   • Seniority. Entry-level bank consultants 42% less than senior-level bank consultants.
   • Certifications. A bank consultant with certifications usually earns a higher salary.
   • Company. Working for an established firm or a new start-up company can make a big difference in a bank consultant's salary.

   Average bank consultant salary

   $90,094yearly

   $43.31 hourly rate

   ---

   Entry-level bank consultant salary

   $68,000 yearly salary

   Updated December 16, 2025

   Average bank consultant salary by state

   Rank	State	Avg. salary	Hourly rate
   1	Washington	$107,953	$52
   2	New York	$98,012	$47
   3	Massachusetts	$97,953	$47
   4	Minnesota	$97,755	$47
   5	Florida	$96,449	$46
   6	Texas	$92,102	$44
   7	California	$89,805	$43
   8	Connecticut	$89,072	$43
   9	Illinois	$85,019	$41
   10	Michigan	$84,770	$41
   11	Puerto Rico	$84,733	$41
   12	Georgia	$84,003	$40
   13	Ohio	$82,134	$39
   14	Virginia	$80,090	$39
   15	North Carolina	$79,586	$38
   16	New Jersey	$78,109	$38
   17	Pennsylvania	$77,756	$37
   18	Indiana	$69,125	$33
   19	Arizona	$68,126	$33

   Average bank consultant salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Inter-American Development Bank	$109,883	$52.83
   2	J.P. Morgan	$106,358	$51.13
   3	SAP	$105,615	$50.78
   4	Pwc	$104,581	$50.28	1
   5	FNB	$99,177	$47.68
   6	Guidehouse	$96,191	$46.25	17
   7	Deloitte	$89,611	$43.08	163
   8	Capco	$88,877	$42.73	1
   9	First Hawaiian Bank	$87,871	$42.25	9
   10	First Financial Northwest Bank	$86,920	$41.79
   11	IBM	$86,528	$41.60	129
   12	Core10	$86,457	$41.57
   13	Accenture	$85,828	$41.26	519
   14	Raymond James Financial	$83,679	$40.23	2
   15	JPMorgan Chase & Co.	$80,605	$38.75	25
   16	U.S. Bank	$77,125	$37.08	110
   17	Wells Fargo	$71,287	$34.27	1
   18	Popular	$65,130	$31.31	2
   19	Lakeland Bank	$63,825	$30.69

4. Writing a bank consultant job description

   A good bank consultant job description should include a few things:

   • Summary of the role
   • List of responsibilities
   • Required skills and experience

   Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a bank consultant job description:

   Bank consultant job description example

   ESG solutions enable investors to develop and integrate responsible investing policies and practices, engage on responsible investment issues, and monitor portfolio company practices through screening solutions. It also provides climate data, analytics, and advisory services to help financial market participants understand, measure, and act on climate-related risks across all asset classes. In addition, ESG solutions cover corporate and country ESG research and ratings enabling its clients to identify material social and environmental risks and opportunities.
   
   ISS ESG is seeking a senior specialist to join its team immediately. Successful candidates will have a strong background in quantitative risk management and exhibit a passion for the responsible investment business with a focus on banks. The candidate should have a collaborative approach to work and a track record of product management and problem solving while working with high attention to detail in a fast-paced environment. The successful candidate will drive the development and implementation of a suite of products geared towards banks' climate and sustainability challenges. This includes interactions with colleagues and clients from around the globe and collaborating with other units.
   Responsibilities
   Become the ISS ESG Banking lead across markets Collaborate with colleagues on the development, maintenance, and enhancement of ISS ESG's holistic Banking offering, including ESG loan book assessments, regulatory solutions and climate stress testing Engage with sales and marketing colleagues to develop, manage, and implement Banking product launch Represent ISS ESG Banking specific conversations externally towards prospects and clients Conduct competitor analyses, identify customer trends and needs, and research regulatory developments of Banking ESG needs across markets
   
   Qualifications
   A minimum of 6-8 years of relevant work experience relating to quantitative risk management, preferably in stress testing, either at a financial institution or consulting company Proven track record of successful client facing interactions as part of a consulting or advisory role High knowledge of the banking sector and their regulatory requirements related to all aspects of ESGProfessional appearance and high motivation to represent ISS ESG in senior client interactions Bachelor's degree in business, finance, or any other quantitative discipline, advanced degree or CFA is a plus Demonstrated interest in climate change and/ or prior exposure to ESG topics Very strong quantitative (and qualitative) analytical skills, familiarity with large data sets, and excellent conceptual thinking aptitude Excellent command of Excel and good working knowledge of all Microsoft Office applications Excellent oral and written command of English and GermanStrong interpersonal and communication skills with customer-first attitude Willingness to work with a highly collaborative, flexible, and innovative team across different locations Ability to work independently in a fast-paced environment, to prioritize tasks, and to meet deadlines
   
   #ESG
   #LI-OR1
   
   Please apply online by sending a cover letter along with a CV in English.

   Copy this example

   

5. Post your job

   There are various strategies that you can use to find the right bank consultant for your business:

   • Consider promoting from within or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to find candidates who meet your education requirements.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to reach potential job candidates.

   To find bank consultant candidates, you can consider the following options:

   • Post your job opening on Zippia or other job search websites.
   • Use niche websites that focus on engineering and technology jobs, such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post your job on free job posting websites.

6. Interview candidates

   Recruiting bank consultants requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.

   Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new bank consultant

   Once you've decided on a perfect bank consultant candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.

   It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.

   After that, you can create an onboarding schedule for a new bank consultant. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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How much does it cost to hire a bank consultant?