Home > Salary > Latvia > Operations Manager Banking
An Operations Manager in banking is responsible for overseeing the day-to-day operations of a bank or financial institution. They ensure that all operational processes run smoothly and efficiently, while also maintaining compliance with industry regulations. This role involves managing a team of employees, setting performance goals, and monitoring their progress. The Operations Manager also collaborates with other departments, such as risk management and customer service, to ensure seamless coordination and effective communication. They analyze operational data and identify areas for improvement, implementing strategies to enhance productivity and reduce costs. Additionally, they stay updated on industry trends and technological advancements to recommend and implement new systems or processes that can streamline operations. Overall, an Operations Manager in banking plays a critical role in optimizing operational efficiency, minimizing risks, and ensuring a positive customer experience.
Estimated Yearly Salary: 29,160 EUR
Estimated Monthly Salary: 2,430 EUR
Estimated Weekly Salary: 561 EUR per week
Estimated Hourly Salary: 14 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 2,344 EUR
Estimated Weekly Salary: 541 EUR per week
Estimated Hourly Salary: 14 EUR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 28,998 USD
Estimated Monthly Salary: 2,417 USD
Estimated Weekly Salary: 558 USD per week
Estimated Hourly Salary: 14 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 29,160 EUR
Estimated Monthly Salary: 2,430 EUR
Estimated Weekly Salary: 561 EUR per week
Estimated Hourly Salary: 14 EUR per hour
By working as Operations Manager Banking a person can save up to 1,557 USD per month or 18,678 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Latvia, see costs of living in Latvia.
Estimated Yearly Salary for Operations Manager Banking
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Dietary cook (7,607 EUR per year, pre-tax.)
Representative key account manager (22,029 EUR per year, pre-tax.)
Deputy district attorney (37,258 EUR per year, pre-tax.)
Program analyst it (28,174 EUR per year, pre-tax.)
Vice president (vp), operations and administration (42,260 EUR per year, pre-tax.)
Operations Manager Banking salary in Latvia
Average Yearly Salary of Operations Manager Banking in Latvia is approximately 29,160 EUR (28,998 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Operations Manager Banking do?
An Operations Manager in banking is responsible for overseeing the day-to-day operations of a bank or financial institution. They ensure that all operational processes run smoothly and efficiently, while also maintaining compliance with industry regulations. This role involves managing a team of employees, setting performance goals, and monitoring their progress. The Operations Manager also collaborates with other departments, such as risk management and customer service, to ensure seamless coordination and effective communication. They analyze operational data and identify areas for improvement, implementing strategies to enhance productivity and reduce costs. Additionally, they stay updated on industry trends and technological advancements to recommend and implement new systems or processes that can streamline operations. Overall, an Operations Manager in banking plays a critical role in optimizing operational efficiency, minimizing risks, and ensuring a positive customer experience.
Skills: Operations Manager, Banking, Financial Institution, Compliance, Team Management, Process Improvement
Job industry: Banking
Job industry: Banking
How much does Operations Manager Banking make?
Salary details
How much does Operations Manager Banking make?Estimated Yearly Salary: 29,160 EUR
Estimated Monthly Salary: 2,430 EUR
Estimated Weekly Salary: 561 EUR per week
Estimated Hourly Salary: 14 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 28,122 EUREstimated Monthly Salary: 2,344 EUR
Estimated Weekly Salary: 541 EUR per week
Estimated Hourly Salary: 14 EUR per hour
Last revision of data: 2024-01-03Operations Manager Banking estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 28,998 USD
Estimated Monthly Salary: 2,417 USD
Estimated Weekly Salary: 558 USD per week
Estimated Hourly Salary: 14 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Latvia is a country located in Northern Europe, bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast. It has a population of approximately 1.9 million people and covers an area of about 64,589 square kilometers.
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Operations Manager Banking job salary compared to average salary in Latvia.
Comparison shows that a person working as Operations Manager Banking in Latvia earns on average:
1.49 times the average salary (or 149% of average salary).
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Operations Manager Banking job salary compared to average salary in Latvia.
Comparison shows that a person working as Operations Manager Banking in Latvia earns on average:
1.49 times the average salary (or 149% of average salary).
Is Operations Manager Banking a well paid job?
Yes, our data shows that Operations Manager Banking is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Operations Manager Banking?
High salary for Operations Manager Banking would be somewhere between 32,076 EUR and 42,282 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Operations Manager Banking in Latvia?
Living in Latvia the approximate monthly expenses are: 860 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 29,160 EUR
Estimated Monthly Salary: 2,430 EUR
Estimated Weekly Salary: 561 EUR per week
Estimated Hourly Salary: 14 EUR per hour
By working as Operations Manager Banking a person can save up to 1,557 USD per month or 18,678 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Latvia, see costs of living in Latvia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Estonia, Russia, Belarus, Lithuania.. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Operations Manager Banking
Estonia is 37,537 USD
Russia is 17,406 USD
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Latvia
(224,317 EUR per year, pre-tax.)
2. Cardiologist
(186,760 EUR per year, pre-tax.)
(179,947 EUR per year, pre-tax.)
4. Neurosurgeon
(174,646 EUR per year, pre-tax.)
(174,433 EUR per year, pre-tax.)
6. Urologist
(170,871 EUR per year, pre-tax.)
(170,733 EUR per year, pre-tax.)
(170,497 EUR per year, pre-tax.)
(169,948 EUR per year, pre-tax.)
(169,943 EUR per year, pre-tax.)
Data as of 2025Random salary:
Dietary cook (7,607 EUR per year, pre-tax.)
Representative key account manager (22,029 EUR per year, pre-tax.)
Deputy district attorney (37,258 EUR per year, pre-tax.)
Program analyst it (28,174 EUR per year, pre-tax.)
Vice president (vp), operations and administration (42,260 EUR per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=latvia&job=operations-manager-banking'><img src='https://optisalary.com/wp-content/graphs/salary/operations-manager-banking-salary-in-latvia-2025.jpg' alt='operations manager banking salary in latvia 2025' title='operations manager banking salary in latvia 2025' /></a>
Please note:The salary figures on this website are meant for reference purposes only.
optisalary.com aggregates salary data for reference use exclusively. We strive to provide accurate figures, but cannot guarantee their validity. Users are encouraged to consult alternative sources before making employment decisions. Salary ranges may vary due to geographic location, experience, and industry trends. We assume no liability for inconsistencies in the salary information provided. Your continued use with this site confirms understanding of this disclaimer.
optisalary.com displays salary data exclusively for reference use. While we strive for correctness, we cannot guarantee the precision of all figures. Users must verify salary details with official sources before making financial decisions. Salary estimates can vary based on multiple factors, such as company size, negotiation tactics, and industry demand. We accept no responsibility for misinterpretations in the salary estimates provided. By accessing optisalary.com, you accept that salary data is subject to change.