What does an Associate Banker do?
Bankers have many subtitles depending on their role inside a financial business. But at their core, Bankers facilitate transactions between customers and institutions, or between corporations and other entities. A banker will be the liaison before, during and after transactions have occurred. They are tasked with making sure all business is conducted in accordance with current laws and regulations while providing financial benefit for their employer and clients.
Bankers can have a wide range of educational backgrounds. Low-level Bankers will usually possess a bachelor's degree in finance. From there, aspiring bankers can pursue an advanced degree in many financial related fields, and obtain their Clean u4 or Series 7 certifications. Due to the nature of ushering assets, a keen eye for detail and a strong set of ethics are desirable qualities in Bankers.
- Conduct all transactions in line with Local, State and Federal laws
- Ensure all exchanges are documented properly
- Provide factual information to clients about business opportunities
- Seek out new avenues of business in your market
- Keep up on current financial trends
- Be informed of current changes to laws and standards
- Pursue ongoing education
- Understand and practice all guidelines of AML and KYC
- Advanced degree in related field (preferred)
- Clean 4U certification (preferred)
- Series 7 certification (preferred)
- Excellent analytical processing
- Self-motivated attitude
- Strong written and verbal communication skills
- An understanding of AML and KYC
- Robust researching, resourcing and networking expertise
- Submission to a background check
How much does an Associate Banker make near United States?
Associate Banker Career Path
Learn how to become an Associate Banker, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.
Associate Banker Insights
“Great employers who make sure that you are taken care of and want you to progress in your career here!”
“Salaries are good but not competitive specially that they don't provide any type of bonuses throughout the year.”
“My manager was great in considering my school work but I know that varies from branch to branch.”
“If you have a good team it can be a great place to work for.”
“No raise offered to moving to bigger busier branch meaning much more work and higher goals just to get the same bonus.”
“There is minimal career progression and it is not meritocracy”
“good and fun people to work with”
“average pay: One of the main drawbacks of working at Quicken Loans is the relatively low pay compared to industry standards.”
Associate Banker Interviews
Frequently asked questions about the roles and responsibilities of an Associate Banker
- Relationship Banker
- Personal Banker
- Private Banker
- Premier Banker
Get anonymous career insights from your peers
How much of a pay cut would you entertain to stay WFH, or work at an office 15 minutes away from your house? I moved companies during COVID, was told verbally my position would be remote, now starting to get pressure to go in the office and have a feeling it’s going to be mandatory multiple days a week, it’s a 50 minute commute. My prior company wants me back, is local and I really enjoyed working there. I don’t know how much they’d offer but I know they can’t match my bonus.