Other financial officers

NOC

11109

Professionals in this group include financial examiners and inspectors, financial investigators, financial underwriters, mortgage brokers and trust officers.

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Full NOC Description

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.

Main Duties

This group performs some or all of the following duties:

Financial examiners and inspectors

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.

Financial investigators

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.

Financial underwriters

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.

Trust officers

Administer estate, personal, charitable, corporate and other types of trusts

Direct trust account investments, receive and record investment income and disburse trust funds.

Mortgage brokers

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.

Also Known As

credit adjudicator
credit unions examiner
estate and trust administrator
financial institutions inspector
financial investigator

financial underwriter

mortgage broker

trust officer

Requirements

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.

Provincial Regulation

Provincially Regulated: Yes

Regulation Body

Financial and Consumer Services Commission (FCNB)

Employment by Sex

The following graph shows the percentage of men and women working in this occupation in New Brunswick.

Data legend

64.5%

Female

35.5%

Male

Employment by age

The following graph shows the breakdown of all persons working in this occupation in New Brunswick by age group.

Data legend

0.0%

15-24

16.7%

25-34

41.7%

35-44

26.7%

45-54

15.0%

55-64

0.0%

65+

Employment by highest level of education

The following graph shows the breakdown of all persons working in this occupation in New Brunswick by highest level of education achieved.

Data legend

4.8%

No Certificate, Diploma or Degree

22.2%

High School, Diploma or Equivalent

0.0%

Apprenticeship or Trades Certificate or Diploma

0.0%

College or University Below Bachelor Level

30.2%

University - Bachelor Level or Above

Employment by Industry

The following graph shows the industry groups in which the largest shares of persons working in this occupation in New Brunswick are employed. Small percentages for all top three industry groups may suggest employment for this occupation is widely distributed amongst many industry groups.

Data legend

71.4%

Finance and insurance

12.7%

Public administration

9.5%

Professional, scientific and technical services

6.3%

All Other Industries

Employment by Economic Regions

The following graph shows the breakdown of all persons employed in this occupation in New Brunswick by which economic region they reside in.

Data legend

15.90%

Northeast

46.00%

Southeast

25.40%

Southwest

7.90%

Central

N/A

Northwest

Economic Regions

The following map displays New Brunswick’s five economic regions. An economic region (ER) is a grouping of counties, created as a standard unit for analysis of regional economic activity across Canada.

Annual Average Salary by Economic Regions

The following graph shows the average salary of all persons employed in this occupation in each of New Brunswick’s five economic regions.

Data legend

$60,000

Northeast

$64,000

Southeast

$74,000

Southwest

$60,000

Central

N/A

Northwest

Economic Regions

Hourly Median Wages by Economic Regions

The following represents the median hourly wage of all persons employed in this occupation in each of New Brunswick’s five economic regions.

Salary

The following shows the average salary of everyone who worked full-time and year-round in this occupation across each of the Atlantic Provinces and nationally.

Employment Outlook

The following represents the number of job openings that are expected to occur in this occupation over the next three and ten years respectively, broken down by openings expected to result from growth (“new jobs”) and openings expected to result from attrition (death and retirements).

Occupational Profiles