What is Banking?
Banks form an important part of the financial services sector, they provide day to day banking services, payments, and lending facilities via overdrafts, loans, or credit facilities of varying degrees of complexity.
When working in banking, your role can cover a wide range of job opportunities and countries. At a foundational level a banker will:
What Banking Job Opportunities Are There in Jersey?
Jersey is home to global banks offering a broad range of services to a diverse client base. Due to the size and global nature of banks in Jersey, there is a variety of career paths to choose from. Roles tend to range across:
- Domestic, retail banking services
- Retail personal banking for internationally mobile and expatriate ‘mass affluent’ customers
- Private banking and wealth management for internationally mobile and expatriate High Net Worth (HNW) individuals
- Corporate and institutional banking primarily serving the needs of the island’s trust, funds and corporate services industries
Banks in Jersey are very diverse, with representation from global multi-discipline banking groups, global private banks, retail and commercial banks, and specialist providers offering various services, The roles can include:
- Retail, International, Private, Corporate, or Institutional Client Relationship Manager
- Investment Advisor
- Mortgage Advisor
- Financial Planner
- Treasury Officer
What Skills Do You Need?
Because the industry is so diverse, there are a wide range of professional qualifications that can be gained depending on which career path you choose. The most common qualifications include:
| Qualification | Professional Body |
| Certificate in Offshore Banking Practice (“COBP”) | Chartered Banker Institute’s (“CBI”) |
| Chartered Banker | Chartered Banker Institute’s (“CBI”) |
| Diploma in Banking & Finance | The London Institute of Banking & Finance |
| Certificate in Mortgage Advice and Practice (CeMAP) | The London Institute of Banking & Finance |
| Investment Advice Diploma (CISI) | Chartered Institute for Securities and Investment |
It’s not just about your qualifications but your interpersonal skills too. We asked finance firms in Jersey what skills they are most looking for when hiring in banking and they responded:
- Communication and interpersonal skills
- Numerical and analytical skills
- Customer service skills for finding out customer needs
- High integrity and trustworthiness, resilience, ability to work under pressure and manage stress
What Should I Do Next?
If you are ready to kick-start your career in banking, you can find out more about the companies that are currently operating in this field through Jersey Finance’s business directory.