11109 Other financial officers

What this occupation covers

Other financial officers include professional occupations in finance such as financial examiners and inspectors, financial investigators, financial underwriters, mortgage brokers and trust officers. They are employed by banks, trust companies, investment firms and governments, or they may be self-employed.

Official main duties

The NOC profile lists 9 main duties for this code.

• Review and examine banks, trust companies, credit unions, caisses populaires, credit companies, real estate companies, insurance companies, pension funds, securities brokers and other financial services and institutions to ensure compliance with governing legislation and regulations.
• Investigate possible unethical conduct or breaches of securities or commodity futures laws by persons or companies that trade in securities and commodity futures or that provide related financial services.
• Analyze client requests to assess risk and details of stocks, bonds, mortgages or other financing solutions
• Negotiate with corporations, governments or individuals to determine the type and terms of financial products and prepare offering prospectuses or contracts
• May underwrite new issues of stocks and bonds.
• Administer estate, personal, charitable, corporate and other types of trusts
• Direct trust account investments, receive and record investment income and disburse trust funds.
• Meet with clients to obtain information about income, liabilities and assets, and type, price and condition of property to be mortgaged
• Negotiate mortgage loans with lenders or lending institutions on behalf of clients.

Do not copy these lines into your reference letter. The letter has to describe what you actually did, in your employer’s words. DUTYPROOF flags wording lifted from the NOC as something to review, and an officer reading a letter that mirrors the NOC reads it the same way.

What DUTYPROOF screens for

This is DUTYPROOF’s screening threshold, not IRCC’s decision. For this NOC, screening requires at least 2 of its 9 official duties to be evidenced in your own words, plus the required letter elements. IRCC asks that you performed the actions in the occupation’s lead statement and a substantial number of its main duties — so treat the duty coverage as the number that matters, not the badge.

Codes this one is confused with

The NOC profile names these itself. Choosing the wrong code of a look-alike pair is the most common way genuine work experience fails to establish eligibility.

• 10022 Advertising, marketing and public relations managers
• 10021 Banking, credit and other investment managers
• 41402 Business development officers and market researchers and analysts
• 41401 Economists and economic policy researchers and analysts
• 11101 Financial and investment analysts
• 10020 Insurance, real estate and financial brokerage managers
• 10029 Other business services managers
• 11103 Securities agents, investment dealers and brokers

Excluded from this code

• Advertising, marketing and public relations managers (See 10022 Advertising, marketing and public relations managers)
• Banking, credit and other investment managers (See 10021 Banking, credit and other investment managers)
• Economic development officer (See 41402 Business development officers and market researchers and analysts)
• Economist (See 41401 Economists and economic policy researchers and analysts)
• Financial and investment analysts (See 11101 Financial and investment analysts)
• Insurance, real estate and financial brokerage managers (See 10020 Insurance, real estate and financial brokerage managers)
• Other business services managers (See 10029 Other business services managers)
• Securities agents, investment dealers and brokers (See 11103 Securities agents, investment dealers and brokers)

Job titles filed under this code

A title on this list does not by itself put your experience in this code — the duties in your letter decide that.

bank inspector · bonds underwriter · credit adjudicator · credit advisor · credit agency inspector · credit unions examiner · estate administrator · estate and trust administrator · 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

Employment requirements

• A bachelor's degree in business administration, commerce, economics or a related field is usually required.
• Various training programs and courses are offered by financial institutes and organizations, such as the Canadian Securities Institute, Institute of Canadian Bankers, CFA Institute, Investment Funds Institute, and Trust Companies Institute of Canada, and may be required by employers.
• A recognized financial designation may be required (CFA, CIM or others).
• Financial examiners and inspectors may require a recognized accounting designation.
• Mortgage brokers require a mortgage broker licence in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Newfoundland and Labrador and Nova Scotia.