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re: Career in banking
Posted on 4/9/13 at 3:23 pm to NHTIGER
Posted on 4/9/13 at 3:23 pm to NHTIGER
quote:
Intern every summer you can, get into a training program with a bank. In Nola, Whitney, Cap One, Iberia, and Chase all have one.
This is exactly what I'm doing/did. They offer rotation programs where you get to see different lines of work within the bank. For example: CRE, energy banking (mainly in Houston), leverage finance, treasury management, capital markets, and some underwriting.
Posted on 4/9/13 at 3:31 pm to NHTIGER
Thread hijack:
NHTIGER, what is your take on the prospects of landing a bank examiner job with a law degree? It seems like a lot of work examiners do is compliance related, I could see a law degree being useful. Thoughts?
NHTIGER, what is your take on the prospects of landing a bank examiner job with a law degree? It seems like a lot of work examiners do is compliance related, I could see a law degree being useful. Thoughts?
Posted on 4/9/13 at 3:44 pm to JMTIGER85
I've seen a lot of retail management training programs around, but I think Regions is the only bank currently accepting applications for that particular track.
Posted on 4/9/13 at 4:06 pm to Dead Mike
Commercial is a bit tougher to get into (in my experiance.) But if you get your foot in the door by starting off in retail, you could end up moving to other departments and lines of business.
Posted on 4/9/13 at 4:39 pm to ArtooDetoo
quote:
Thread hijack:
NHTIGER, what is your take on the prospects of landing a bank examiner job with a law degree? It seems like a lot of work examiners do is compliance related, I could see a law degree being useful. Thoughts?
Excellent, actually.
I was in the FDIC's first wave of Consumer Compliance Specialists in 1978, and each Field Office had one. Bank examinations for compliance were one-person events conducted separately from "safety and soundness" examinations, usually done by a crew of 3 to 5 examiners. It was as a result of citing a bank in Winter Haven, FL, as being seriously deficient in areas of compliance and having them put on a troubled banks list that I received an offer from that bank to become their Compliance Officer.
Banks at that time were merging or being acquired at breakneck speed, and over the next few years I moved up via that merger/acquisition route to become the Corporate Compliance Officer for NCNB National Bank (later known as NationsBank, which merged with BankAmerica), based in Tampa.
That position had me working 15 hours a week with attorneys from Florida's largest law firm (Holland & Knight), which at one time during that period shared a building with NCNB downtown. One of those was Bill McBride, later to be the husband of Alex Sink, an NCNB V-P, who was the Dem. candidate for Governor of Florida in 2010. Bill had run for Governor several years earlier and lost as well. He passed away very recently.
The Corporate Compliance position also had me present at Board meetings run by Hugh McColl and occasionally Ken Lewis, and instructing at numerous training seminars throughout the state of Florida.
My undergrad and graduate degrees were in business, but I had a firm grasp of legal principles as they applied to commercial/retail banking.
Going forward, were I soliciting people for careers in bank supervision, I would start with those holding law degrees.
eta to change "High McColl" to "Hugh McColl".
This post was edited on 4/9/13 at 5:12 pm
Posted on 4/9/13 at 4:50 pm to NHTIGER
My man
Thanks a lot! I'll be looking into this as an alternative career path as graduation draws near.
Thanks a lot! I'll be looking into this as an alternative career path as graduation draws near.
This post was edited on 4/9/13 at 4:51 pm
Posted on 4/9/13 at 7:01 pm to NHTIGER
quote:
Posted by NHTIGER
*former bank examiner high five*
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