Last Updated on 16/02/2022 by Steve Wanjie
Banking jobs in Kenya 2022?
Learn how to find these in-demand banking career positions here.
Banking jobs are in high demand, and many different bank positions are available.
Banker jobs can be both in-person and online.
Banking jobs in person may include teller, banker, loan officer, investment advisor, or customer service representative.
Money dealing jobs online may consist of customer service representatives for a bank or credit card company.
Some banking careers require education beyond high school, such as an associate’s degree or bachelor’s degree in finance, economics, accounting, or business administration.
Banking jobs are a great way to learn about the financial industry and make a difference in people’s lives.
The banking industry is changing rapidly.
New technologies, new regulations, and new consumer behaviors are all shaping the future of banking.
Therefore, banks need to adapt to these changes and remain competitive in this dynamic environment.
To meet the demands of consumers, banks need talented employees who can help them develop innovative products and services that will keep them ahead of their competition.
Financial transactions jobs offer great opportunities for professionals looking for an exciting career in finance or technology.
Banking is one of the most profitable economic sectors in the world. But, unfortunately, it is also one of the most competitive.
With so many people vying for a place in this industry, getting your foot in the door can be challenging.
But if you do, you’ll find that there’s plenty of opportunity and room for growth.
So what are some of the most acceptable ways to land a banking job?
There are many ways to land a banking job, but we will focus on networking and applying online.
Banking Jobs in Kenya 2022: What is a Banking Job?
A banking job is a position in a bank.
Therefore, a person who has a banking job is called a banker.
Banking jobs are significant for the economy. Bankers help to provide loans and credit to individuals and businesses.
They also manage transactions, exchange currencies and provide financial advice.
Bankers work in banks, which are financial institutions that hold people’s money and offer them loans.
There are many different kinds of banking jobs.
Entry-level finance jobs include;
- teller positions
- customer service representatives
- teller trainee positions
Bank jobs could be from bank branch managers to loan officers in a commercial bank.
Banking jobs are in demand in the financial industry.
The banking industry is among the most profitable sectors, and there are many different types of jobs available in banking.
There are two primary job categories in banking:
- front office
- back-office banking
Front office banking is where you would find the bankers who interact with customers, such as tellers or customer service representatives.
Back office bankers are more involved with the bank’s finances, such as accountants, loan officers, or underwriters.
Which skills do you need to become a banker?
Banking is a very lucrative profession.
It has been for a long time. But, it is one of the most competitive industries.
So, if you want to become a banker, you will need to have specific skills and qualifications that will make you stick out from the crowd.
The first thing that employers look for in banking candidates is whether they have the proper education credentials –
- an undergraduate degree in finance or economics
- and an MBA from a top-tier school.
In addition to this, aspiring bankers should also have;
- strong interpersonal skills
- be proactive and decisive
- have good analytical ability
- ability to work under pressure
- excellent knowledge in banking operations, processes, and systems
- top-level numerical skills
- tech savvy – posses banking technology handling know-how
The banking industry has changed a lot in the last decade.
With the advance of online banking and mobile apps, customers can do most of their banking independently.
It has led to a decline in customer service work and more technical skills.
To become a banker, you need to be proficient in math and analytical skills, such as data analysis and statistics.
In addition, you need to have strong communication skills to communicate with customers and clients effectively.
And finally, you should be knowledgeable about financial products like loans or mortgages to assist clients in making the right choices for their needs.
Banking Jobs in Kenya 2022: What type of jobs are available in a bank?
Banking is one of the most sought-after industries in the world. It offers a wide range of jobs with different job titles.
In addition, banking jobs are available in all levels of education, from high school to college graduates.
Banking is a profession where the only way to succeed is by being educated.
The list beneath comprises some of the most popular banking jobs:
a) Bank teller:
What are the duties of a bank teller?
A bank teller is a person who works at a bank and helps customers with banking transactions.
Bank tellers are the first point of contact for customers looking to make deposits, withdraw funds, or conduct other banking transactions.
They also provide general customer service and deal with any issues that arise.
They are responsible for opening bank accounts handling deposits and withdrawals.
In addition, they wire money to other banks, collect loan payments, and give out cashier’s checks and traveler’s checks.
Accepting payments from merchants for credit card transactions, processing check cashing requests from customers who have insufficient funds in their account but want to cash a cheque anyway.
A bank teller is responsible for providing customer service by answering bank policies and procedures and providing guidance on financial matters.
They also need to be prepared to handle any problems that may arise during their day.
b) Personal banker:
What are the duties of a Personal banker?
Personal bankers provide financial services to customers. They help customers make decisions about their investment, savings, and loan needs.
Some of the duties of a personal banker are:
- Provide financial advice to customers
- Help customers with all aspects of their banking needs
- Find the best products for individual customer’s needs
- Prepare reports that show customer’s account information and balances
- Responding to customer inquiries about products and services, such as credit cards, loans, mortgages, investments, and retirement planning;
- reviewing account information; explaining account features; recommending specific solutions for meeting customers’ needs
- providing financial education materials; assisting with fraud alerts and identity theft resolution; resolving customer concerns or complaints.
c) Commercial banker:
What are the duties of a Commercial banker?
Commercial bankers are responsible for maintaining the financial records of a business or company, and they provide capital to businesses to facilitate growth.
Commercial bankers are responsible for maintaining the financial records of a business or company, and they provide capital to businesses to facilitate growth.
They can also do risk management, which is when they calculate how much money the bank requires to cover its losses.
They are responsible for providing financial services to businesses and individuals.
They take deposits, make loans, and provide advice.
Commercial bankers’ duties include:
- Providing advice on how to invest money
- Taking deposits from businesses and individuals
- Advising on loans for business or personal use
- Managing the bank’s assets
d) Loan officer:
What are the duties of a banks’ Loan officer?
A bank’s Loan Officer is the person who approves loans for customers.
The Loan Officer will review the customer’s financial situation and credit history to determine if they qualify for a loan and how much they can borrow.
The duties of a banks’ Loan officer include:
- Reviewing the customer’s financial situation and credit history to determine if they qualify for a loan and how much they can borrow
- Contacting customers about their requests
- Processing new applications, including collecting supporting documentation such as tax returns, bank statements, pay stubs, etc.
- Completing credit checks with credit bureaus such as Experian or TransUnion
- Evaluating an applicant’s debt load to make sure it fits within the lending institution’s guidelines
e) Investment banker:
What are the duties of an Investment banker?
Investment bankers are professionals who work with the financial markets, providing advice and capital to corporations and governments.
The duties of an investment banker vary depending on the type of bank they work for and what country they live in.
In general, an investment banker will manage the finances of a company or government.
They will also ensure that their clients have enough cash flow to pay back loans or debt.
Investment bankers may also be responsible for raising capital through issuing securities such as stocks and bonds.
f) branch manager:
What are the duties of a bank branch manager?
The bank branch manager is responsible for the day-to-day operations of a bank branch.
They are responsible for hiring and managing the staff that works at the branch.
The duties of a bank branch manager can include:
- Hiring and managing staff
- Setting up and maintaining the banking equipment at the branch
- Providing customer service to customers who visit the branch
- Keeping records of daily transactions
A branch manager also must ensure that the branch has required staff and that all necessary equipment is in place.
What are the duties of a bank accountant?
Bank accountants are in charge of all the financial transactions in a bank.
They also have to make sure that the bank is compliant with all the regulations set by the government.
In addition, a bank account has to work closely with other bank departments, including treasury, credit, and lending.
The duties of a bank accountant are many and varied.
Bank accountant duties include:
- Maintaining accurate records
- Preparing reports for management
- Reconciling accounts
- Ensuring compliance with government regulations
They are also responsible for ensuring that the bank’s money is secure and accounted for.
h) compliance officer:
What are the duties of a bank compliance officer?
A bank compliance officer is a person who ensures that the bank follows all the applicable banking laws and regulations.
The duties of a bank compliance officer can vary depending on the company and the location.
Some work in an office, and others work remotely.
They may also be called a compliance analyst, risk management analyst, or regulatory compliance officer.
In general, they are responsible for ensuring that the bank is compliant with all federal and state laws.
Compliance officers should understand finance, banking, and risk management.
They must also analyze data to identify potential risks or problems within a company’s operations.
i) legal officer:
What are the duties of a bank legal officer?
A bank legal officer is responsible for providing legal advice to the bank and its employees.
They are also responsible for regulatory compliance, overseeing risk management, and ensuring that the bank complies with all laws and regulations.
The duties of a bank legal officer include:
- Providing legal advice to the bank and its employees;
- Ensuring regulatory compliance;
- Ensuring that the bank complies with all applicable laws and regulations;
- Overseeing risk management.
j) operations manager:
What are the duties of a bank operations manager?
The duties of a bank operations manager depend on the type and size of the bank.
In smaller banks, they may be responsible for all aspects of the operation.
- managing personnel
- overseeing budgets and financial plans
- developing new products and services
- managing customer service policies
- overseeing marketing strategies
l) Marketing manager:
What are the duties of a bank Marketing manager?
A bank marketing manager is responsible for the overall marketing strategy of a bank.
The duties of a bank marketing manager are to;
- plan and set up the overall marketing strategy for the bank,
- create and execute effective advertising campaigns,
- provide support to other departments in terms of marketing,
- oversee all aspects of the company’s digital presence.
Banking Jobs in Kenya 2022: How to find a banking job
The money dealing industry is one of the most sought-after jobs.
It is a high-paying job that is also very secure and stable.
A banking career is a dream for many people.
If you are one of them, you have to know that there are many ways to find one.
You can find a bank job through;
- volunteering to work for a bank
- seeking for internship vacancy with a bank
- applying for a job in a bank
Networking is the best way to find an open position in the industry.
It’s about your connections and not your qualifications.
So if you want to get into banking, start by talking to people who work in the industry and ask them about their career path and what they do daily.
The more people you speak with, the more opportunities will come your way.
Volunteering at banks is also an excellent way of getting noticed by recruiters because it provides a bank with a valuable service and contributes to its success.
Online platforms that help get a bank job.
Many online platforms help you find a job in the banking industry.
Some are specific to banking and finance, while others offer jobs in other sectors.
Some of the most popular ones include:
- Career Builder
Jobberman helps you find jobs at banks and other companies in Kenya.
You can search for jobs online by location, keyword, or company name.
Kijiji is an online classified ads site where you can buy and sell anything from cars to furniture and more.
It also helps you find jobs in Kenya, like banking positions
- Nairobi Jobs
Nairobi Jobs is a job platform for Kenyan professionals looking for work opportunities in Nairobi.
You can search for banking positions among other types of careers on Monster.
Banking Jobs in Kenya 2022: What banking job should you apply for?
It depends on your training. Which course did you take in college? What is your career choice?
You will find that some positions require specific degrees or certifications, and others do not have any requirements at all.
It means that it is vital to research the requirements before applying for a position so that you don’t waste your time on something that doesn’t fit your qualifications!
When searching for a job in the banking sector, it is crucial to understand the difference between the different roles available.
In addition, it will help you make a better decision about which position you should apply for.
The first idea is whether you want to work in retail banking or investment banking.
Retail banking jobs are customer-facing and require good communication skills, whereas investment banking jobs are more focused on finance and require strong analytical skills.
The second thing to ponder is whether you want an office-based or customer-facing role.
Office-based roles are usually more administrative, whereas customer-facing roles involve dealing with customers face-to-face at the bank branches or over the phone.
Which bank job pays the highest salary?
The salary of a bank employee varies according to the position and the bank.
The highest paying job in a bank is that of the CEO.
The salary for this position ranges from $200,000 to $1 million.
The average CEO salary is around $500,000 per year.
The response to this query is not simple.
It depends on the type of bank job you are applying for, your education, experience, and skillset.
However, some common trends can help you decide which bank job pays the highest salary.
For example, if you are looking for a banking career in the United States, then it is further likely that you will find one with the highest salary in investment banking or private equity firms.
On the flip side, if you are looking for more stability and less risk associated with your job, it might be worth considering positions in commercial banking or credit card operations.
Knowing what job pays the highest salary is essential when looking for a career in the banking sector.
Many jobs offer high salaries, but not all of them are available in your region.
The best-paying jobs in banking include:
Banker – $86,000
Private Banker – $83,000
Investment Banker – $78,000
Commercial Banker – $73,000
How Bank Jobs Can Provide Financial Support When Needed
Bank jobs can provide financial support in a steady income and benefits.
In addition, bank employees’ compensation is a competitive salary, health care benefits, and retirement plans.
As the world becomes more digitalized, banks adopt new technologies to aid their operations.
For example, banks have begun to use AI-powered chatbots that provide customer service.
Bank jobs can provide financial support through the following:
- Interest rates on savings and checking accounts.
- FDIC insurance for up to $250,000 of your deposits.
- Mortgage loans.
- Home equity loans or lines of credit.
- Auto loans or leases.
- Credit cards with competitive interest rates and low fees.
- Savings bonds, CDs, and IRAs with competitive interest rates and low fees.
A bank position is one of the most secure jobs in the world.
A banking career provides financial security, stability, and a chance to be part of something bigger than yourself.
Bank jobs are not just for people with degrees in finance or economics.
There are different banking careers that you can pursue if you have a degree in any other subject.
For example, you can work in retail banking, investment banking, or corporate banking.
There are many opportunities for growth and development for bank jobs.
You will have access to leadership training programs and mentorship opportunities to help you grow your career at the bank.
Banking Jobs and the Ultimate Financial Security for a Secure Future
For many years, the banking industry has been one of the most lucrative and stable career paths.
Moreover, it is a field that will continue to be in demand as we enter into a new era of finance and global trade.
What are the best jobs in banking?
Banking jobs can vary greatly, but some stand out.
These include positions such as:
- Investment banker
- Financial analyst
- Personal banker
- Mortgage broker
- Loan officer
5 Reasons You Should Pursue a Banking Career Right Now!
1. Banking careers are lucrative
2. The industry is stable
3. Banking careers are varied
4. Banking careers are fulfilling
5. Banking careers provide stability
The banking industry is evolving and changing with the times.
The banking sector is now more than just a place to store your savings.
Instead, banking has become a gateway to financial independence.
1. Banking offers stability:
The banking industry has been around for centuries, and it’s one of the few industries that can say that it’s still thriving, even amid economic downturns.
2. Banking offers an opportunity:
Banking jobs offer opportunities for advancement and lucrative pay packages, even if you’re starting as an entry-level employee.
3. Banking offers variety:
As a bank worker, you have the opportunity to work in many different areas of the industry – from investment banking to commercial lending to retail banking – based on your interests and skillset.
Banking Jobs in Kenya 2022: Network marketing as a lucrative alternative to banking
Network marketing is a popular alternative to banking. It is one of the most lucrative careers in today’s economy.
Network marketing, also known as multi-level marketing, is an industry that has grown exponentially in the last decade.
With people looking for more flexible work opportunities and higher incomes, network marketing has become a popular alternative to banking.
This business model allows people to work from home and be their boss while still earning a substantial income.
It’s not just about making money; it’s about helping people live better lives by offering them products that they need or want.
Why Network marketing is lucrative
Network marketing is a business opportunity that offers the potential for significant income.
The primary goal of network marketing is to sell products, but it also provides the opportunity to build a team of like-minded individuals who share your passion and vision.
It’s important to note that not all people are cut out for this type of work.
It requires commitment, determination, and persistence. But if you’re willing to put in the time and effort, it can be enriching.
Network marketing is a business model where a company pays individuals to sell their products in exchange for a commission or fee.
There are many reasons why network marketing is lucrative.
Some of them are:
- A wide range of products to choose from
- The ability to work from home and have more control over your schedule
- The opportunity to build your team and earn commissions from their sales
- The chance to be your boss and set your hours is inviting.
An excellent money-making opportunity beckons:
I am in network marketing with BF Suma. Would you want to become a network marketer? Would you like to become your boss?
I will introduce you to network marketing and get you a network marketing job at BF Suma.
Call me, Steve, on 0724 130 466 now.
Banking Jobs in Kenya 2022 Conclusion: The Benefits of Pursuing a Career in Banking
The banking industry is a lucrative and stable job sector.
It offers a variety of jobs, from tellers to investment bankers.
However, the banking industry is also one of the most competitive industries globally, so it is essential to research different business schools and get an education that will give you the best chance of getting hired for your desired position.
In conclusion, the banking industry is a lucrative field to enter.
However, to be successful, you need to passion about finance and be willing to put in the time and effort necessary.
Banking Jobs in Kenya 2022 and elsewhere on the planet was our topic today.
Thanks for reading – Banking Jobs in Kenya 2022.
Steve Wanjie is a digital marketing specialist, SEO Expert, expert article writer, blogger, sex educationist, and businessman. He is the founder of Dijito Marketing and Laikipo.com. He works and lives in Nairobi Kenya.