Find The Best Corporate Banking Officer Jobs For You

Where do you want to work?

0 selections

What Does A Corporate Banking Officer Do?

Here are examples of responsibilities from real corporate banking officer resumes representing typical tasks they are likely to perform in their roles.

  • Manage overall portfolio growth of customers under management.
  • Develop cross-sell opportunities with no-relationship manage business banking clients.
  • Complete random audits on vaults, ATM's, cash boxes, and cash machines.
  • Supervise end-of-dayprocessing for: teller, vault and ATM cash balancing, wire transfers, overdrafts and checkprocessing.
  • Maintain portfolio management responsibilities on credit portfolio.
  • Relate effectively with customers in-person and online to resolve complaints and escalate more difficult issues to supervising manager.
  • Supervise the liquidation of the bank's OREO properties.
Corporate Banking Officer Traits
Initiative involves an individual's willingness to take charge or act when an opportunity presents itself.
Interpersonal skills involves being able to communicate efficiently with multiple people regarding your thoughts, ideas and feedback.
Detail oriented involves being extremely mindful and observant of all details.

Corporate Banking Officer Overview

Between the years 2018 and 2028, corporate banking officer jobs are expected to undergo a growth rate described as "faster than average" at 8%, according to the Bureau of Labor Statistics. So if the thought "should I become a corporate banking officer?" Has crossed your mind, maybe you should take the growth rate into account. In addition, the number of corporate banking officer opportunities that are projected to become available by 2028 is 24,300.

On average, the corporate banking officer annual salary is $78,345 per year, which translates to $37.67 an hour. Generally speaking, corporate banking officers earn anywhere from $47,000 to $128,000 a year, which means that the top-earning corporate banking officers make $81,000 more than the ones at the lower end of the spectrum.

Once you've become a corporate banking officer, you may be curious about what other opportunities are out there. Careers aren't one size fits all. For that reason, we discovered some other jobs that you may find appealing. Some jobs you might find interesting include a loan originator, senior loan processor, home mortgage consultant, and loan analyst.

Corporate Banking Officer Jobs You Might Like

Corporate Banking Officer Skills and Personality Traits

We calculated that 18% of Corporate Banking Officers are proficient in Risk Management, Client Relationships, and New Clients. They’re also known for soft skills such as Initiative, Interpersonal skills, and Detail oriented.

We break down the percentage of Corporate Banking Officers that have these skills listed on their resume here:

  • Risk Management, 18%

    Provide all major operational support functions for account management, risk management, loan funding, loan documentation and cash management.

  • Client Relationships, 15%

    Served as a credit analyst for Corporate, Commercial and Private Client relationship managers when with the Lender Support group.

  • New Clients, 12%

    Lead Personal Banker for the Corporate Banking client base.

  • Loan Portfolio, 11%

    Managed loan portfolio and banking relationships with real estate developers and businesses.

  • Financial Statements, 6%

    Analyzed corporate financial statements and credit history and recommended optimal loan structures for corporate lending syndicates and leveraged buyouts.

  • KYC, 6%

    Receive account opening forms from business units and check as per KYC (Know your customer) norms.

Most corporate banking officers list "risk management," "client relationships," and "new clients" as skills on their resumes. We go into more details on the most important corporate banking officer responsibilities here:

  • Arguably the most important personality trait for a corporate banking officer to have happens to be initiative. An example from a resume said this about the skill, "loan officers need to seek out new clients" Additionally, other resumes have pointed out that corporate banking officers can use initiative to "aided the business development initiatives, which resulted in expanded customer base. "
  • Another commonly found skill for being able to perform corporate banking officer duties is the following: interpersonal skills. According to a corporate banking officer resume, "because loan officers work with people, they must be able to guide customers through the application process and answer their questions." Check out this example of how corporate banking officers use interpersonal skills: "utilized analytical and interpersonal communication skills to perform customer problem resolution. "
  • Corporate banking officers are also known for detail oriented, which can be critical when it comes to performing their duties. An example of why this skill is important is shown by this snippet that we found in a corporate banking officer resume: "each piece of information on an application can have a major effect on the profitability of a loan, so loan officers must pay attention to detail." We also found this resume example that details how this skill is put to the test: "provided loan services to corporate clients after detailed financial analysis of clients' annual assets, liability and cash flow. "
  • See the full list of corporate banking officer skills.

    We've found that 64.9% of corporate banking officers have earned a bachelor's degree. Furthermore, 19.5% earned their master's degrees before becoming a corporate banking officer. While it's true that most corporate banking officers have a college degree, it's generally possible to become one with only a high school degree. In fact, one out of every eight corporate banking officers did not spend the extra money to attend college.

    Those corporate banking officers who do attend college, typically earn either a finance degree or a business degree. Less commonly earned degrees for corporate banking officers include a accounting degree or a economics degree.

    Once you're ready to become a corporate banking officer, you should explore the companies that typically hire corporate banking officers. According to corporate banking officer resumes that we searched through, corporate banking officers are hired the most by JPMorgan Chase & Co., Brown Brothers Harriman & Co., and Cambridge Savings Bank. Currently, JPMorgan Chase & Co. has 7 corporate banking officer job openings, while there are 1 at Brown Brothers Harriman & Co. and 1 at Cambridge Savings Bank.

    Since salary is important to some corporate banking officers, it's good to note that they are figured to earn the highest salaries at JPMorgan Chase & Co., Credit Suisse, and Central Bank Illinois. If you were to take a closer look at JPMorgan Chase & Co., you'd find that the average corporate banking officer salary is $118,179. Then at Credit Suisse, corporate banking officers receive an average salary of $101,368, while the salary at Central Bank Illinois is $77,922.

    View more details on corporate banking officer salaries across the United States.

    If you earned a degree from the top 100 educational institutions in the United States, you might want to take a look at Wells Fargo, Bank of America, and U.S. Bank. These three companies have hired a significant number of corporate banking officers from these institutions.

    The three companies that hire the most prestigious corporate banking officers are:

      What Loan Originators Do

      A Loan Originator is a potential liaison between borrowers and lenders. They help borrowers complete loan applications and evaluate which loans are most appropriate for the customers.

      We looked at the average corporate banking officer annual salary and compared it with the average of a loan originator. Generally speaking, loan originators receive $49,532 lower pay than corporate banking officers per year.

      While their salaries may differ, one common ground between corporate banking officers and loan originators are a few of the skills required in each craft. In both careers, employees bring forth skills like new clients, loan portfolio, and financial statements.

      These skill sets are where the common ground ends though. A corporate banking officer responsibility is more likely to require skills like "risk management," "client relationships," "kyc," and "portfolio." Whereas a loan originator requires skills like "customer service," "va," "phone calls," and "financial status." Just by understanding these different skills you can see how different these careers are.

      Loan originators really shine in the finance industry with an average salary of $56,177. Whereas corporate banking officers tend to make the most money in the insurance industry with an average salary of $82,099.

      Loan originators tend to reach lower levels of education than corporate banking officers. In fact, loan originators are 34.1% less likely to graduate with a Master's Degree and 0.7% more likely to have a Doctoral Degree.

      What Are The Duties Of a Senior Loan Processor?

      A senior loan processor works in a financial institution to solicit, negotiate, and coordinate consumers' and commercial loans. Old loan processors must review and verify loan documents and ensure that the required documents are complete and accurate. In the case of missing documentation, senior loan processors must communicate with customers to avoid loan approval delay. Old loan processors must also obtain a bachelor's degree in finance, business administration, or any other related field.

      Next up, we have the senior loan processor profession to look over. This career brings along a lower average salary when compared to a corporate banking officer annual salary. In fact, senior loan processors salary difference is $38,140 lower than the salary of corporate banking officers per year.

      While the salary may be different for these job positions, there is one similarity and that's a few of the skills needed to perform certain duties. We used info from lots of resumes to find that both corporate banking officers and senior loan processors are known to have skills such as "loan portfolio," "financial statements," and "real estate. "

      But both careers also use different skills, according to real corporate banking officer resumes. While corporate banking officer responsibilities can utilize skills like "risk management," "client relationships," "new clients," and "kyc," some senior loan processors use skills like "customer service," "loan applications," "ensure compliance," and "va."

      Senior loan processors may earn a lower salary than corporate banking officers, but senior loan processors earn the most pay in the finance industry with an average salary of $70,463. On the other side of things, corporate banking officers receive higher paychecks in the insurance industry where they earn an average of $82,099.

      In general, senior loan processors study at lower levels of education than corporate banking officers. They're 35.8% less likely to obtain a Master's Degree while being 0.7% more likely to earn a Doctoral Degree.

      How a Home Mortgage Consultant Compares

      Mortgage Consultants work to help people or businesses find the right lenders to get a mortgage from. They work with customers to find options that fit their current circumstances and financial capacity. They deal with lending institutions (banks, credit unions, mortgage bankers, or savings and loan associations) and act on behalf of potential borrowers to get the best deals. Consultants prefer working as independent contractors and not work for lending institutions and convince real estate agents to recommend them to clients when they apply for a loan.

      Let's now take a look at the home mortgage consultant profession. On average, these workers make lower salaries than corporate banking officers with a $61,783 difference per year.

      While looking through the resumes of several corporate banking officers and home mortgage consultants we discovered that both professions have similar skills. These similarities include skills such as "client relationships," "new clients," and "loan portfolio," but they differ when it comes to other required skills.

      Some important key differences between the two careers are a few of the skills necessary to fulfill responsibilities. Some examples from corporate banking officer resumes include skills like "risk management," "kyc," "portfolio," and "financial models," whereas a home mortgage consultant might be skilled in "customer service," "company products," "financial professionals," and "nmls. "

      When it comes to education, home mortgage consultants tend to earn lower education levels than corporate banking officers. In fact, they're 31.6% less likely to earn a Master's Degree, and 0.9% less likely to graduate with a Doctoral Degree.

      Description Of a Loan Analyst

      A loan analyst is responsible for determining the eligibility of loan applicants in purchasing loan services by analyzing their application documents, account statements, and financial and credit status. Loan analysts evaluate loan agreements and payment plans and explain feasibility to the customers and loan officers before granting the loan. They also provide loan options and alternatives to the clients according to their needs and risk limitations. A loan analyst must have excellent knowledge of the loan and financial industry, especially in handling credit policies and loan processes and ensuring timely submission of reports.

      Loan analysts tend to earn a lower pay than corporate banking officers by about $55,807 per year.

      While both corporate banking officers and loan analysts complete day-to-day tasks using similar skills like loan portfolio, financial statements, and credit agreements, the two careers also vary in other skills.

      Even though a few skill sets overlap, there are some differences that are important to note. For one, a corporate banking officer might have more use for skills like "risk management," "client relationships," "new clients," and "kyc." Meanwhile, some loan analysts might include skills like "customer service," "ensure compliance," "loan applications," and "income" on their resume.

      Loan analysts earn a higher salary in the finance industry with an average of $57,423. Whereas, corporate banking officers earn the highest salary in the insurance industry.

      Loan analysts reach lower levels of education when compared to corporate banking officers. The difference is that they're 25.3% more likely to earn a Master's Degree less, and 1.1% more likely to graduate with a Doctoral Degree.