Banker : Banking As A Profession - Banker Career Description
By: Thomson Branch Thursday May 17 2012
Map: Home | Banker - Date Submitted: 2011-05-29 16:43:01 - Views: 606
Many basic dictionaries will define a 'banker' as someone who is involved in banking. However, the true definition of a banker lies not in their involvement in banking because the truth is; there are many stake holders in banking who are not exactly bankers.
Legally, a banker can be defined as a professional who is responsible for a range of banking issues including monitoring accounts of clients or customers and ensuring that cheques are paid and collected. In summary, a banker is some kind of business personnel who will purchase money, and sometimes even debts hoping to have them paid in future.
The law states quite clearly that a banker's primary duty is actually not to give out money in form of loans but rather to receive money from others.
In England, a banker refers to an individual or group of individuals who participate in banking. In many countries across the world, the definition of a banker is not exactly defined by the constitution but by common law.
A Bankers carry out their activities in the safe confines of a bank where all their activities are inter-twined to ensure that at any one time, their operations are not at all in doubt as per how much money they have that belongs to other people alongside how much money is owed to them by other individuals. This therefore raises the issue of credit. As already mentioned, a banker's first and most important role is to receive deposits of people and ensure that these deposits can be made available as and when the customers require them, depending on the operations of the financial institution.
In simple terms, a banker acts as the party that controls the accounts of customers, being able to pay cheques that are drawn by these customers on the bank that the banker is working for and being able to effectively collect the deposited cheques of customers.
Aside from that, bankers usually ensure that money can be moved from one person to another through various methods like the use of the Automated Teller Machines (ATM), the use of Telegraphic Transfer and the use of Electronic Funds Transfer at Point of Sale (EFTPOS). As already highlighted, as you move from one society and profession to another, the term banker does have various meanings.
In some societies cross the world, a banker can refer to someone who actually changes money; someone who transfers money from one currency to another. In some other fields of profession, particularly in gambling, a banker is that person who looks after the bank and keeps it.
Whatever the definition of bank, it can be generally accepted that the role of banker borders on looking after certain money of being in charge of controlling certain funds for a group of people. This therefore means that whether it is in a bank or in a gambling game, a banker is supposed to be a trustworthy individual who everybody else can feel secure to keep their money with.
The necessity of scrutinizing their employees to be able to come out with the most reliable bankers is something that many banks have had trouble with however over the years; there are certain guidelines, rules and regulations regarding the activities of bankers. This simply points to the fact that bankers are trustworthy people who should be trusted and relied upon to offer the financial services to customers.
If you would like to find out more about becoming a Banker then visit our Career Forum
Banker can be defined as a professional who is responsible for a range of banking issues including monitoring accounts of clients or customers and ensuring that cheques are paid and collected. In summary, a banker is some kind of business personnel who will purchase money, and sometimes even debts hoping to have them paid in future. Viewed: 606 Times. Read More ...
Banker can be defined as a professional who is responsible for a range of banking issues including monitoring accounts of clients or customers and ensuring that cheques are paid and collected. In summary, a banker is some kind of business personnel who will purchase money, and sometimes even debts hoping to have them paid in future. Viewed: 606 Times. Read More ...
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