Salary structure of Union Bank of Nigeria Plc
Union Bank of Nigeria Plc is one of the oldest and reputable financial institutions in Nigeria.
The bank was founded in 1917 and has grown significantly over the years with over 300 branches across the country.
The bank has a reputation for providing excellent financial services to its customers, from personal banking to corporate banking and investment banking.
If you are interested in knowing more about the salary structure of Union Bank of Nigeria Plc by ranks, how the bank operates, and how to become part of the institution, then you are in the right place.
In this article we will provide you with all the information you need to know about the bank.
Salary Structure of Union Bank of Nigeria Plc
Union Bank of Nigeria Plc has a competitive salary structure compared to other financial institutions in Nigeria.
The salary structure of Union Bank of Nigeria Plc is based on the rank and position of the employee, as well as the level of experience and educational qualifications.
Here is an overview of the salary structure of Union Bank of Nigeria Plc by ranks:
• Entry-Level Staff
The entry-level staff at Union Bank of Nigeria Plc are those with little or no experience in the banking industry. These employees are usually fresh graduates who are employed to work in various departments like Customer Service, Marketing, and Operations. The salary range for entry-level staff is between N80, 000 to N110, 000 monthly.
• Graduate Trainees
Graduate trainees are newly recruited staff who undergo a training program to learn about the bank’s operations and services. The salary scale for graduate trainees is between N100, 000 to N150, 000 monthly.
• Assistant Banking Officers
Assistant Banking Officers are employees that have gained some experience in the banking industry. They work in various departments like Credit, Operations, IT, and Treasury. The salary scale for assistant banking officers is between N150, 000 to N250, 000 monthly.
• Banking Officers
Banking Officers are employees who have considerable experience and are responsible for managing various departments in the bank. They oversee the activities of Assistant Banking Officers and other junior staff. The salary scale for banking officers is between N250, 000 to N400, 000 monthly.
• Senior Banking Officers
Senior Banking Officers are employees who have a higher level of experience and responsibility than Banking Officers. They oversee several departments in the bank and liaise with other senior staff like the Chief Operating Officer and the Managing Director. The salary scale for Senior Banking Officers is between N400, 000 to N600, 000 monthly.
• Managers
Managers are employees who are responsible for managing the bank’s operations in specific regions or departments. They oversee several Banking Officers and Senior Banking Officers and report to the Managing Director. The salary scale for managers is between N600, 000 to N1,000,000 monthly.
• Senior Managers
Senior Managers are employees who have ultimate responsibility for managing the bank’s operations. They report directly to the Managing Director of the bank. The salary scale for Senior Managers is between N1, 000,000 to N2, 000,000 monthly.
How Union Bank of Nigeria Plc Operates
Union Bank of Nigeria Plc operates through various departments and sections, with each having a specific role to play in the bank’s operations.
These departments include:
1. Personal Banking
Personal Banking is where individuals can open bank accounts and carry out transactions like deposits, withdrawals, and transfers.
2. Corporate Banking
Corporate Banking is where the bank provides financial solutions to businesses and organizations, including loans, overdrafts, foreign exchange, and trade financing.
3. Investment Banking
Investment Banking is where the bank provides investment advice and services to individuals, businesses, and organizations, including the issuance of bonds and shares.
4. Treasury and Financial Markets
Treasury and Financial Markets are responsible for the bank’s dealing activities in foreign exchange, fixed income, equity, and derivative instruments.
5. ICT and Operations
ICT and Operations are responsible for the bank’s technology infrastructure and operations, including internal control systems and process management.
How to Be Part of Union Bank of Nigeria Plc
If you are interested in working with Union Bank of Nigeria Plc, you can apply for job vacancies advertised on the bank’s website or other job portals.
You can also submit your resume at any of the bank’s branches.
To be part of Union Bank of Nigeria, you will need to have a degree in any relevant field and have relevant work experience.
The bank also values innovation, team spirit, and customer service orientation.
FAQs
What is the minimum age to work at Union Bank of Nigeria Plc?
The minimum age to work at Union Bank of Nigeria Plc is 18 years.
What are the working hours at Union Bank of Nigeria Plc?
The working hours at Union Bank of Nigeria Plc is usually 8 am to 5 pm from Monday to Friday.
Does Union Bank of Nigeria Plc provide training for new employees?
Yes, Union Bank of Nigeria Plc provides training programs for its new employees.
How can I check my account balance at Union Bank of Nigeria Plc?
You can check your account balance at Union Bank of Nigeria Plc by using the bank’s online banking platform or by visiting any of the bank’s branches. You can also check your account balance by dialing *826# on your mobile phone.
