VP Financial Services Job Description
The financial services industry includes banks, brokerage firms, mutual fund and other investment managers, insurance companies and real estate firms. Because banks offer investments and brokerage firms offer checking accounts, the jobs of banker and stockbroker often overlap, and both can offer their clients insurance products.
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Types
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A successful candidate for the job of vice president (VP) financial services will have at least 10 years experience selling financial services to clients. The experience should be relevant to the types of clients your firm targets, such as individuals, retirees, businesses or institutions.
Function
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A VP will have some supervisory experience. This could include an assistant, a work group or department. He or she should have leadership qualities as well as the ability to produce sales.
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Qualifications
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Minimum educational qualification is a bachelor's degree with a master of business administration degree or significant experience in the field preferred. Professional licenses in keeping with industry requirements for product lines are important qualifications unless your company will train and license excellent candidates.
Considerations
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Community activities including professional networking, teaching or presenting seminars, charitable activities or other activities that demonstrate social awareness and involvement are encouraged.
Compensation
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Most financial services jobs are base plus commission and, if the VP position is a branch or department manager position, there is normally an override on the total production of the supervised unit.
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- Photo Credit Image by Flickr.com, courtesy of Ludovic Bertron
