Cathay Bank

VP, Branch Manager

Cathay Bank$85K — $110K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • College degree in business or finance preferred.
  • 3-5 years of banking experience, including 2 years in branch management.
  • Strong knowledge of commercial lending products.
  • Familiarity with federal/state regulations and IRS guidelines.
  • Proven leadership qualities with team-building skills.
  • Excellent communication abilities, both verbal and written.
  • Bilingual in Mandarin or Cantonese preferred.

Responsibilities

  • Manage overall branch operations and accountability for branch success.
  • Conduct business development calls to generate new loans and deposits.
  • Train and guide staff to ensure quality service and product knowledge.
  • Engage in community representation and civic involvement for the bank.
  • Set and assess sales goals for branch staff, motivating them towards success.
  • Monitor branch budget, income, and expense management.
  • Supervise and resolve human resource issues with staff under direct supervision.

Benefits

  • Opportunity for discretionary bonus based on performance.
  • Involvement in community and charitable activities.
  • Comprehensive training and professional development.
  • Supportive team environment fostering leadership growth.
  • Flexible decision-making authority in client interactions.
Full Job Description
GENERAL SUMMARY Branch Manager is responsible for the overall success of the branch with a primary focus on retaining banking relationships and developing new business for the bank. • DIRECT REPORTS The incumbent supervises the entire staff within the branch. • ESSENTIAL FUNCTIONS Management of and total accountability for a branch office in meeting administrative, Compliance, operational, sales and service, and profitability objectives of the bank. Make regular business development calls to solicit new business (loans, deposits) or improve services to clients.• Oversee and/or train/guide staff to provide clients with appropriate Bank products and services. Insure that staff members provide continuous quality service to clients. Represent the bank in the community through involvement in various civic and charitable activities. Assure compliance with the bank's policies and procedures. Maintain non-discriminatory practices in business. Perform miscellaneous duties as assigned. Sales & Service Responsibilities Set annual personal performance plan/goals and weekly sales plan/goals for the branch staff. Assess sales results of the branch. Work with marketing dept. to develop sales programs and/or campaigns. Hold weekly sales/service meetings for briefings and debriefings. Motivate staff to solicit sales and give commendable service. Supervise training of staff on product knowledge, sales and service techniques. Provide clients with appropriate bank products and services to meet the clients• needs. Build/enhance business relationship with clients. Lending Responsibilities Make business development calls to solicit loans. Maintain, promote, enhance business relationship with clients. Administration Responsibilities Set annual budget and business goal for the branch. Monitor monthly income and control expense of the branch. Ensure a satisfactory branch overall audit. • • Monitor performance of the staff that are under the manager's direct supervision. • Coach and counsel them when needed. Ensure proper guidance is given to those who indirectly report to branch management. • Arrange for appropriate training and cross training of staffs when needed. Address and resolve human resource issues when needed. Understand personnel policies and procedures and treat staffs fairly. Operations Responsibilities Oversee/monitor performance of operations staff to ensure all policies/procedures are compliant with bank guidelines Ensure a satisfactory branch audit is met.• Authorities Have designated authority to approve loans, overdrafts, checks, withdrawals, fee reversals, and other items.• Sign official checks and other documents. Provide signature guaranty. Have authority to directly resolve errors and clients complaints. Hire and fire staff with the concurrence of senior management and Human'Resources department personnel. • • QUALIFICATIONS Education: College degree in business or finance preferred. Experience: At least 3-5 years banking experience to include 2 years branch management in a commercial bank preferred. • Good knowledge of commercial lending products.• Thorough knowledge of federal/state and IRS regulations. Skills/Ability: Leadership qualities: ability to plan, organize, motivate, supervise, and delegate. Ability to create a team environment.• Accountable; ability to make decisions and assume responsibility for those decisions.• Strong sales and sales management ability. • Ability to exercise sound judgment.• Excellent interpersonal and verbal/written communication skills. • • Interpersonal skills necessary to conduct business development calls. • Bilingual Mandarin or Cantonese preferred. • • OTHER DETAILS • $85K • $110K / year• Pay determined based on job-related knowledge, skills, experience, and location.This position may be eligible for a discretionary bonus.

About Cathay Bank

Cathay Bank is a regional bank that provides personal and commercial banking services. The bank offers checking and savings accounts, loans, credit cards, and other financial services. Cathay Bank serves customers in California, Illinois, Maryland, Massachusetts, Nevada, New Jersey, New York, Texas, and Washington. The bank was founded in 1962 and is headquartered in El Monte, California.
Learn more about Cathay Bank
Size
1,156 employees
Market Cap
$3 billion
Industry
Net Income
$228.8 million
5 Year Trend
+6%
NASDAQ

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