What is a Banker? Different Roles and Responsibilities Explained

Banker is a term used to describe a person who works in the financial industry, particularly in a bank or investment firm. Bankers can work in a variety of roles, including:

1. Retail banking: Bankers who work in retail banks interact with customers and provide them with basic banking services such as checking and savings accounts, loans, and credit cards.
2. Corporate banking: Corporate bankers work with large businesses and organizations to provide financial solutions such as commercial loans, cash management, and trade finance.
3. Investment banking: Investment bankers work with clients to raise capital through the sale of securities, advise on mergers and acquisitions, and manage other financial transactions.
4. Private banking: Private bankers work with high net worth individuals to manage their wealth and provide personalized financial services.
5. Asset management: Asset managers invest money on behalf of clients and manage investment portfolios.
6. Risk management: Risk managers work to identify and mitigate potential risks to the bank or its clients.
7. Compliance: Compliance officers ensure that the bank is following all relevant laws and regulations.
8. Treasury: Treasury professionals manage the bank's cash, investments, and funding.

Bankers can be based in a variety of locations, including branch offices, headquarters, and other financial centers. They may work in a traditional office setting or remotely, depending on the bank's policies and the nature of their job.