A Comprehensive Overview of the Regional Banking Senior Market Director Role
Are you intrigued by the exciting world of regional banking and curious about the key responsibilities and qualifications of a Regional Banking Senior Market Director? This role is a critical one within the banking industry, responsible for driving business growth and achieving financial performance metrics. The Regional Banking Senior Market Director leads a team of Regional Banking Relationship Managers and Market Directors, driving an aggressive sales strategy, and fostering strong relationships within their local market. Let’s delve into this role in more detail.
Duties and Responsibilities
The primary duties and responsibilities of a Regional Banking Senior Market Director are numerous and varied, reflecting the importance of this role within the banking sector.
- One significant responsibility is to grow and expand the number of Primary Banking Relationships in each market, a critical element in driving business growth and financial success.
- Coaching, developing, and leading a high-performing team is another key aspect of this role. The Regional Banking Senior Market Director is responsible for building a team of talented and motivated individuals who can effectively deliver on the bank’s strategic goals.
- This role also involves providing feedback on Regional Banking products and services and assisting in the development of products to meet the needs of the Regional Banking Segment.
- Responsibility for local market approvals, credit overrides, and pricing exceptions is also part of this role, requiring a strong understanding of credit and risk management.
- The Regional Banking Senior Market Director is also responsible for participating in and/or leading OCR functions within the market, developing strong relationships with all essential OCR partners.
Basic and Preferred Qualifications
When it comes to qualifications for the role of Regional Banking Senior Market Director, a Bachelor’s Degree and significant relevant experience are required. Specifically, at least 10 years of experience in Business/Commercial Banking is needed, with five of those years involving leadership of sales teams.
Preferred qualifications for this role include strong leadership skills and a proven ability to develop colleagues, meet and exceed sales goals, provide strategic direction, and execute Regional Banking strategic plans. Additional preferred qualifications include a proven ability to grow revenue and the balance sheet, strong collaboration with business partners, and experience managing remote teams.
Compensation and Benefits
The compensation range for this position is between $125,000-$255,000 annually. However, actual compensation may vary and may be above or below this range based on various factors, such as location, experience, and performance. In addition to this base compensation, employees in this role are eligible to participate in an incentive compensation plan. Other benefits include health insurance coverage, a wellness program, life and disability insurance, a retirement savings plan, paid leave programs, paid holidays, and paid time off (PTO).
It’s clear that the role of Regional Banking Senior Market Director is a critical one within the banking industry, requiring a strong blend of leadership, strategic thinking, and financial acumen. If you’re interested in learning more about this role or exploring opportunities in this field, you can find more information Here.
