What are the challenges of being a bank manager?

[Fidelia]

Being appointed a bank manager is something that a lot of people covet and would wish for. That notwithstanding, the role of a bank manager might come with it's own peculiar challenges.

A cousin of mine just resigned from his position as a bank manager saying that the challenges are too much. I am asking here, what challenges does a bank manager really face in their jobs?

 

[King Belieal]

The primary business of banks is giving out loans and credit facilities. As a bank manager, you have to veto before any loan is disbursed. The challenge comes in trying to balance the risks of issuing out a loan and gaining profits through interest. When a loan goes bad, the manager that sanctioned it has to ensure it is recovered or he takes the fall.

 

[eLdavis]

As a bank manager you have to give proper account of all the money that comes in and most especially the ones that goes out. I think the bank manager would have to be the one to pay when their records does not balance.

 

[Augusta]

it is to do routine record checks as much as you can. if possible it is good to bring in auditors to help assess the books of accounts to avoid fraud

 

[Suba]

Working as a bank manager has its own challenges, besides you have to carry out your duties and responsibilities as a manager, you also need not to get angry quickly, not be careless in making decisions, the average rhythm of working in a bank must be faster than working in other companies so that it will make you quickly become stressed and tempted by bribes or committing acts of corruption.

 

[King Belieal]

Bank managers are more exposed to fraud related activities based on their nature of work. The ability to turn down these fraud deals is what defines a good bank manager.

 

[Kera]

The frustrations of bank customers would all land on the table of the bank manager. It needs patience and tact to handle them all.

 

[Augusta]

A lot of activities going on in the bank both legit and illegal ones just be known by the bank manager so the position is a delicate one