Banking Advisor Jobs in Canada 2024 ($23.75 per hour)

The job description sample provided in this post will help you write an extensive update. You must read the information below to gain a deeper grasp of banking, including its responsibilities, benefits, and duties.

Job Details

• Address: Vaughan, Ontario, Canada
• Municipality: Can-On-Vaughan
• Country: Canada
• Work hours per week: 37.5
• Type of Employment: Full-time
• Personal and Commercial Banking Platform
• Sub-Category: Sales and Consulting
• Identifier: R-0000000518
• Type of employment: Regular
• Remuneration: $46,313 yearly or $23.75 per hour

Job Description

With a feeling of shared purpose, you will be empowered to contribute to the success of clients and communities at RBC, where the culture is essentially supportive and rewarding. As a result, you cooperate with RBC partners to help clients achieve their goals and add value during the times that matter most to them as an RBC ambassador.

You will be making a difference in the world whether you are developing new technology, helping clients find new opportunities, or offering knowledgeable advice to internal partners. In your role as a banking advisor, you train clients on digital banking, welcome new clients, and direct difficult possibilities to experts.

Most of the time, your job description will highlight your capacity to provide clients with remarkable and significant experiences to boost client satisfaction and loyalty.

Tasks of Banking Advisor Jobs

• Engage customers proactively in all facets of the branch and the community, getting to know their banking needs, providing support and guidance, and seeing possibilities for sales and referrals.
• Focus on customer education and demonstration, utilizing technology to deliver a remarkable customer experience, increase revenue, and maintain clientele.
• Attend to client requests for assistance and help with a wide range of financial transactions.
• Engage customers in conversation and active listening to gain a deeper understanding of their specific needs.
• Take the initiative to resolve and avoid banking problems for your clients.
• Sustain and enhance connections with associates to optimize commercial opportunities and recommendations.

Benefits of Banking Advisor Jobs In Canada

• Competitive Salary: In Canada, banking advisors typically receive competitive salaries that may include bonuses or incentives based on sales volume or the accomplishment of pre-established goals.
• Benefits Package: Many banks offer comprehensive benefits packages to their employees that include health insurance, dental care, prescription drug coverage, and vision care. These benefits contribute to the overall well-being and financial stability of the staff.
• Retirement Plans: Bank-offered Registered Retirement Savings Plans (RRSPs), which allow employees to save for the future, and pension plans are two areas where employers commonly make contributions.
• Opportunities for Career Development: Employers may provide banking advisors with access to a variety of training and development initiatives aimed at enhancing their skills and advancing their careers in the banking industry.
• Educational assistance: Some organizations offer tuition reimbursement or educational help programs to support staff members who are pursuing professional certifications or additional education relevant to their roles.
• Work-Life Balance: A significant portion of jobs as banking advisors offer regular working hours and flexible scheduling, which promotes work-life balance and makes it possible for employees to successfully manage their personal and professional commitments.

Additional Benefits

• Job Stability: The banking industry is well known for offering stable employment, and roles as banking advisers typically offer opportunities for long-term work as well as paths for advancement within the industry.
• Benefits for Employees: Banks and other financial organizations may provide their employees with a variety of advantages, such as discounted banking services, lowered interest rates on loans and mortgages, and exclusive access to financial goods and services.
• Workplace Culture: Creating a positive workplace culture that prioritizes employee welfare, diversity, and inclusion is something that many financial institutions strive to achieve. This strategy encourages banking advisors to work together in a friendly environment.
• Possibility of Networking: Working for a bank provides opportunities to develop business contacts with customers, coworkers, and financial industry leaders. Establishing such ties might be beneficial for job advancement.

Requirements of Banking Advisor Jobs

• Accreditation for mutual funds or the goal to obtain it (e.g., Canadian Securities Course, Investment Funds in Canada)
• A strong desire to prioritize clients and achievement in a sales atmosphere that is quota-driven and hands-on aptitude for solving problems and building relationships with others, as well as the initiative to engage with clients.
• Success requires adaptability, a willingness to learn, a strong sense of morality, and a drive for achievement.
• A broad range of digital literacy tailored to individual devices (i.e., smartphones, tablets, computers, etc.)

Pleasant to Have

• A track record of success in building and sustaining relationships with clients in the banking or service industries.

Other opportunities for Banking Advisor Jobs in Canada

• Financial Services
• Potential clients
• Strong NET
• Financial goals
• CRM and customer relations
• Full Service and new customers

Frequently Asked Questions

What is the salary of a banking advisor at the National Bank of Canada?

At the National Bank of Canada, the average yearly compensation for a Financial Advisor is approximately $48,580, which is 16% less than the national average.

In Canada, how can I start a career in banking?

In Canada, the majority of entry-level banking jobs require at least a high school degree. This covers positions like drive-through clerk and teller. It takes citizenship to be able to work legally in Canada. Before being allowed to work in Canada, there are a few legal requirements that must be met.

What is the salary of banking advisors in Canada?

In Canada, the average pay for a banking advisor is $41.15 per hour or $80,252 per year. Most experienced workers earn up to $155,264 a year, while entry-level roles begin at $50,341.