Top 17 Banking & Finance Careers in Canada and their NOC: Find out more about the various career opportunities in banking and finance in Canada here!
Did you know that banking and finance careers are prime careers in Canada? If not, then relax as you read up on the many job and career opportunities in this sector.
Careers in banking and finance offer many growth and advancement opportunities in Canada. There is a variety of positions, from entry-level to more experienced positions. Many banks and financial institutions also offer training programs that can help employees develop their skills and knowledge.
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Immigrants are not left behind in Canada because the country ranks second in the world for employers of financial professionals. You can start your career as a bank teller or financial analyst, work your way up the ladder, or become a banker or financial professional. Whichever path you choose, you must have strong math skills and knowledge of accounting and financial analysis.
Banking and Finance Jobs in Canada
A certified banker or financial professional with plans to immigrate to Canada for a job has access to numerous jobs. Those with a degree in banking and finance also have equal employment opportunities.
However, Canadian jobs and career opportunities are grouped under the National Occupation Code (NOC). Therefore, you need to know the NOC code for the banking job you want to apply for and its minimum qualifications.
Additionally, in November 2022, the Canadian government will switch from the four-digit NOC coding system to the five-digit coding. This new code will address Training, Education, Experience, and Responsibilities (TEER) for group occupations in Canada. This contradicts the competency-based grouping currently used.
#1. Finance Manager Jobs
You will find job profiles such as Treasurer, Treasurer, Treasurer, Accounting Director and Director of Financial Services. These jobs are categorized under Canada National Occupation Code 0111. You must have at least a bachelor’s degree in courses such as accounting, banking, finance, etc.
#2. Jobs for financial brokers, insurance companies and real estate managers
Suppose your desire for banking and finance careers in Canada is related to real estate, insurance or brokerage; That’s great. This is because these job openings are in high demand, especially in cities like Ontario, Toronto and British Columbia in Canada. You are likely to find jobs in roles such as stock trading manager, real estate manager, financial broker manager, and insurance manager. The NOC code for these positions in Canada is 0121. The minimum qualification required for these positions is a bachelor’s degree. You have a higher chance of being employed in Canadian banking and finance jobs if you have professional qualifications.
#3. Banking, credit and other investment manager jobs
Under the NOC code 0122 you will find jobs in this category. The good news is that there are numerous investment opportunities in every province and territory of Canada. So job security and availability is extremely high in Canada, with a platform to build your career on in banking and finance. You will have leadership roles in every job you get in these categories. The vacancies here are bank manager, credit manager, commercial bank manager, consumer credit manager and mortgage manager.
#4. Profession of financial accountant and auditor
Assuming you are a certified and experienced accountant or chartered accountant; You can find jobs under this NOC code 1111. Express entry remains the best route to Canada as a foreigner. Alternatively, immigrate to Canada through the provincial nomination route as a qualified accountant or chartered accountant.
#5. The work of financial and investment analysts
Saskatchewan and Quebec are the top provinces in Canada; You can easily secure financial and investment analyst jobs. You will assume the role of a financial analyst, investment analyst, portfolio manager or financial services research associate. The duties and responsibilities of these bodies fall under NOC code 1112. Q
#6. Broker, investment trader and security job
You can work as a broker, foreign exchange dealer, mutual fund broker, securities agent or stockbroker under NOC code 1113. You can find these jobs in places like British Columbia, Surrey and Toronto.
#7. Job of other tax officials
These jobs are available to individuals who are qualified and able to work as financial investigators, financial planners, and mortgage brokers. Jobs under these titles are grouped under NOC code 1114. So if you are employed by a Canadian financial institution, your job roles or responsibilities will be listed under the NOC code.
#8th. Insurance clerk and job
If you have banking and finance experience in Canada, you can secure supervisory jobs in most provinces. Your job title may be bank clerk supervisor, accounting supervisor, payroll supervisor, or accounting supervisor. Jobs in this category are under the NOC code 1212.
#9. Accounting Technician and Accountant Jobs
Demand for labor related to the accounting technician, accountant and accountant financial technician job roles is high in Canada’s banking and finance sector. So if you want to build your career down this path, you can land a job quickly. But it would be helpful if you met the minimum academic qualifications. The NOC code for these jobs is 1311.
Also Read: 7 types of visas to enter Canada from any country
#10. Job as an insurance adjuster and claims adjuster
If you have knowledge and experience in the insurance field, you can work in Canada under NOC 1312. For example, you can work as an insurance adjuster and claims adjuster. You can find these jobs in most provinces in Canada, but the level of demand or availability varies.
#11. position as an insurance agent
You can build your career in Canada’s banking and finance sector if you are an insurance, liability or property insurer. The duties and responsibilities of insurance companies in Canada are categorized under NOC code 1313
#12. Professions of appraisers, appraisers and appraisers
Under this NOC code 1314 you can work as a real estate appraiser, real estate appraiser or business appraiser. Job opportunities exist even in the smallest province of Nova Scotia in Canada. So your dream of a career in this sector can come true in Canada, but your degree is a must.
#13. Customs, ship and other trader jobs
If you are working in Canada and want to build a career in financial broking, you can work under NOC code 1315. You can secure jobs with titles such as Customs Broker, Cargo Broker, and Ship Broker.
#14. Accounting and office jobs
Jobs under this NOC code 1431 are readily available in all provinces of Canada. If you are employed by a banking or financial institution in Canada, you can work as an employee in different entities. A title such as accountant, chartered accountant, accountant, finance clerk, or tax clerk is your employment rank or status.
#fifteen. Job as payroll clerk
The work of payroll clerks in Canada is delicate as their duties are related to payroll verification and coordination. The NOC code for Payroll Clerk jobs in Canada is 1432. You may work as a paid consultant, clerk, payroll clerk or payroll clerk.
#16. Banking, insurance and other financial clerk jobs
Financial institutions such as real estate, banks, stocks and insurance companies require the services of clerks for their efficiency and productivity. Therefore, there is job security if you choose
to advance in this cadre as part of banking and finance careers in Canada. Jobs in this category are on NOC code 1433. You should expect roles such as Bank Clerk, Loan Clerk, Mortgage Clerk, Real Estate Clerk and Securities Clerk if you are employed.
#17. collector job
Jobs such as tax collector, debt collector and collection agent can be found in Canada under NOC code 1434. Your duties and responsibilities are therefore limited to the NOC code.
Recruitment process for banking and finance positions in Canada
The recruitment process for jobs in banking and finance in Canada consists of three phases, the application phase, the selection phase and the interview phase.
Submit an application
This step takes place when you have researched the requirements and the application deadline with your future employer. Then apply either online or offline.
Mobile Screening
Once your application has been received and checked, you will be called by telephone for an interview. The interview will focus on what you offer about the job opportunities you have applied for. So you need to be prepared and give accurate and expected answers simply and concisely.
Interview/Test
The next step is to write tests or exams to further test your skills and experience. Also, the interview is conducted to observe things like your confidence, manners and communication skills.
You will be contacted to receive your employment letter if you are successful. However, if you are unsuccessful, you can try again with another financial organization.
- Frequently Asked Questions (FAQs)
- Is a bank job in Canada in demand?
- Yes, because careers in banking and finance in Canada offer many growth and advancement opportunities.
Why do people love to build their banking and finance careers in Canada?
Banks and financial institutions offer training programs to help employees develop their skills and knowledge. The compensation package is also very encouraging so you can find everything you need for job satisfaction in Canada.
How much does a Banker make in Canada?
A banker in Canada earns no less than $40,000 a year. However, if you have enough work experience, you will earn more than a bank entrant.
How can I start my banking and finance career in Canada?
If you are interested in building your career in Canada’s banking and finance sector, there are several avenues you can take. You can start your career as a bank teller or financial analyst, work your way up the ladder, or become a banker or financial professional.
Conclusion
Banking and finance careers in Canada offer numerous job opportunities and progressive career paths with perfect sustainability plans. You can also immigrate to Canada to study and build your career from the ground up. It would be helpful if you took note of the forthcoming update to the Canadian National Occupation Code (NOC) this year.
