Banking Investment Manager Salary in Joliet, Illinois

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Average Salary for Banking Investment Manager in Joliet, Illinois

The average salary of a(n) Banking Investment Manager in Joliet, Illinois is $134,257.

The average hourly rate of a(n) Banking Investment Manager in Joliet, Illinois is $64.55.

The average bonus of a(n) Banking Investment Manager in Joliet, Illinois is $12,660.00.

Job Description:

Manages staff and oversees the allocation and investment of cash/funds to optimize rate of return and compliance with governing regulations. Directs purchasing of government bonds or other acceptable securities, sale or redemption of bonds and securities on due date, substitution of purchased bonds and securities for those sold or redeemed, and regulation of funds to branch offices, correspondent banks, and reserve banks to ensure funds are kept at prescribed levels and in accordance with deposit agreements. NOTE: ERI's findings based on asset size. Sets up deposit agreements with correspondent banks or designated reserve bank, and directs placement of funds to fulfill agreements. Reviews consolidated financial statements to determine reserve position, and adjusts reserves in order to obtain specified ratio of reserves to liabilities. Prepares reports for management on status of legal reserves and reserve position. May manage placement of collateral funds in safekeeping accounts of correspondent banks or banks designated as reserve banks to adjust and provide for institution's reserve position following prescribed requirements of regulatory bodies. May manage cashier activities. Less

Manages staff and oversees the allocation and investment of cash/funds to optimize rate of return and compliance with governing regulations. Directs purchasing of government bonds or other acceptable securities, sale or redemption of bonds and securities on due date, substitution... More

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