According to the previous version of NOC Codes, 1114 NOC code was for the unit group of Other Financial Officers. But the NOC codes have changed, and for the same job title, the new code is 11109 NOC code. These financial officers are usually able to secure jobs in investment firms, and trust companies.
Do you think you qualify for a job under this NOC code? Then you can get yourself a Canadian work visa and start working in Canada as a financial officer! However, in case you don’t properly know about the job duties and requirements of a finance officer, why don’t you read ahead? We are about to discuss the same!
Must Read this: 2172 NOC Code
Brief Job Description: 11109 NOC Code
As mentioned before, the new NOC code is 11109 and we will mention that NOC in the blog. This unit group consists of professional occupations such as financial inspectors and examiners, financial underwriters, financial investigators, trust officers, as well as mortgage brokers.
Who hires financial officers? Trust companies, governments, investment firms, banks, or they may also be self-employed.
Download Free Immigration and PR Guide PDF
What are the Job Duties of a Financial Officer?
Financial Investigators:
- The job of a financial investigator is to conduct investigations on possible unethical conduct or breaches of securities or commodity future laws. These unethical conducts could be done by persons or companies that are used to trading in securities and commodity futures or that provide related services.
Trust Officers:
- Trust officers have to look over estate, personal, corporate, charitable, and other kinds of trusts.
- They also direct trust account investments, receive, and then record investment income as well as disburse trust funds.
Financial Examiners and Inspectors:
- Financial Examiners and Inspectors have to review and then examine banks, credit unions, trust companies, credit companies, caisses populaires, insurance companies, real estate companies, securities brokers, pension funds, and other financial services as well as institutes. They do so to make sure that government legislations and regulations are complied.
Financial Underwriters:
- Financial Underwriters have to analyze client requirements and requests so that they can assess all the risks and details of bonds, stocks, mortgages, and other financial solutions.
- They also negotiate with governments, corporations, or even individuals in order to know the type and terms of financial products and then prepare offering contracts or prospectuses.
- Moreover, they may also underwrite new stocks of bonds and stocks.
Mortgage Brokers:
- Mortgage Brokers have to meet with clients in order to get information on liabilities, assets, income, type, price, and condition of property which will be mortgaged.
- Moreover, they negotiate mortgage loans with lending institutions or lenders on clients’ behalf.
Requirements to be a Financial Officer
- First of all, you need a bachelor’s degree in commerce, business administration, economics, or in a related field.
- You should have a recognized financial designation.
- A candidate should have training which is offered by financial institutes and organizations. Some financial institutes are Institute of Canadian Bankers, Canadian Securities Institute, Investment Funds Institute, CFA Institute, Trust Companies Institute of Canada, etc.
- Financial examiners and inspectors should have an identifiable accounting designation.
- A mortgage broker needs a mortgage broker license in Nova Scotia, Ontario, Saskatchewan, Manitoba, British Columbia, Alberta, Newfoundland and Labrador, Quebec, and New Brunswick.
Job Titles
| INCLUDED JOBS | EXCLUDED JOBS |
| Bank Inspector | 10022- Advertising, Marketing and Public Relations Managers |
| Bonds Underwriter | 10021- Banking, Credit and Other Investment Managers |
| Credit Adjudicator | 41402- Business Development Officers and Market Researchers and Analysts |
| Credit Advisor | 41401- Economists and Economic Policy Researchers and Analysts |
| Credit Agency Inspector | 11101- Financial and Investment Analysts |
| Credit Unions Examiner | 10020- Insurance, Real Estate and Financial Brokerage Managers |
| Estate Administrator | 10029- Other Business Services Managers |
| Estate And Trust Administrator | 11103- Securities Agents, Investment Dealers and Brokers |
| Estate Executor | |
| Finance And Credit Administrator | |
| Financial Compliance Officer | |
| Financial Institutions Examiner | |
| Financial Institutions Inspector | |
| Financial Investigator | |
| Financial Underwriter | |
| Foreign Interbanking Arrangements Officer | |
| Interbanking Arrangements Officer | |
| Lending Solutions Manager | |
| Mortgage Broker | |
| Mortgage Underwriter | |
| Personal Trust Officer | |
| Securities Underwriter | |
| Trust Officer |
Interesting to Read: 6221 NOC Code
What is a 1114 NOC in Canada?
1114 NOC code in Canada is a unit group with a job title consisting of Other Financial Officers.
What is the NOC code for a financial advisor?
Financial Advisor NOC Code 11102.
Who are the other financial officers in NOC 11109?
Other Financial Officers’ unit group consists of many professionals such as financial examiners and inspectors, financial advisors, mortgage brokers, trust officers, etc.
Don’t forget to fill the form below to get some insights and advice from our experts!
