Other Financial Officers
Job description
These individuals work in various sectors of the financial industry. Some ensure compliance with the standards and laws in force, while others advise clients, issue shares, or manage accounts. They are self-employed or work for:
- Banks
- Trust companies
- Investment companies
- Insurance companies
- The public service
Environment
- Controlled ambient temperature
Main tasks
Financial Planners
- Analyze their clients’ financial data, set objectives, and establish a financial strategy.
- Advise clients on the implementation of a financial plan to achieve their goals.
- Negotiate, as required, the purchase and sale of financial products.
- Ensure the quality of the portfolio and its profitability.
- Solicit new clients.
Financial Inspectors and Auditors
- Review financial institution documents to ensure compliance with laws and regulations.
Financial Investigators
- Review breaches to the Code of Conduct and securities laws by individuals or companies.
Underwriters
- Underwrite share or bond issuance.
- Determine the categories and maturities of new securities issued.
- Prepare prospectuses.
Trust Agents
- Administer estates, trusts, corporations, and charities.
- Manage trust accounts.
- Receive and record income on investments.
Mortgage Brokers
- Ask clients about their income, assets, liabilities, properties to be mortgaged, etc.
- Negotiate mortgages with lenders or lending institutions.
Advancement and mobility
- Experience leads to management positions.
Hourly wage
The hourly wage is calculated by averaging wages from 2019 to 2021.- Minimum
- $21.50
- Median
- $31.98
- Maximum
- $52.88
Job prospects for 2022-2026
sr.comparaison-region.titre
Job prospects for 2022-2026
Job prospects
All of Québec
All of Québec
Total jobs for 2021
All of Québec
All of Québec
Gender distribution
All of Québec
- 50.8% Female
- 49.2% Male
- 50.8% Female
- 49.2% Male
Job types
All of Québec
- Full time
- Part time
- Full time
- Part time
Yearly wage on 2015
All of Québec
All of Québec
Other characteristics
All of Québec
- None
All of Québec
- None
Sectors of activity
All of Québec
-
NAICS 521, 522, 523, 52658% of jobs
-
NAICS 52423% of jobs
-
NAICS 915% of jobs
-
NAICS 5416, 54172% of jobs
-
NAICS 5411, 54122% of jobs
-
Others10% of jobs
All of Québec
-
NAICS 521, 522, 523, 52658% of jobs
-
NAICS 52423% of jobs
-
NAICS 915% of jobs
-
NAICS 5416, 54172% of jobs
-
NAICS 5411, 54122% of jobs
-
Others10% of jobs
Training and requirements
Formation
University
Accounting or accounting science
Bachelor’s degree
Placement rate: 86.6%
9.9% of graduates pursue further studies
Master’s degree
Placement rate: 88.9%
7.4% of graduates pursue further studies
- HEC Montréal
- Concordia University
- Université de Sherbrooke
- Université du Québec à Chicoutimi
- Université du Québec en Outaouais
- Université du Québec à Montréal
- Université du Québec à Rimouski
- Université du Québec à Trois-Rivières
- Université du Québec en Abitibi-Témiscamingue
- Université Laval
- McGill University
Banking and financial transactions
Master’s degree
Placement rate: 92.5%
2.5% of graduates pursue further studies
Bachelor’s degree
Placement rate: 81.8%
14% of graduates pursue further studies
Business administration
Bachelor’s degree
Placement rate: 84.1%
12.1% of graduates pursue further studies
Master’s degree
Placement rate: 92%
3.1% of graduates pursue further studies
- HEC Montréal
- Bishop's University
- Concordia University
- Université de Sherbrooke
- Université du Québec à Chicoutimi
- Université du Québec en Outaouais
- Université du Québec à Montréal
- Université du Québec à Rimouski
- Université du Québec à Trois-Rivières
- Université du Québec en Abitibi-Témiscamingue
- Université Laval
- McGill University
- TÉLUQ
Business management and administration
Bachelor’s degree
Placement rate: 93%
1.8% of graduates pursue further studies
Master’s degree
Placement rate: 93.3%
3.5% of graduates pursue further studies
- HEC Montréal
- Bishop's University
- Concordia University
- Université de Sherbrooke
- Université du Québec à Chicoutimi
- Université du Québec en Outaouais
- Université du Québec à Montréal
- Université du Québec à Rimouski
- Université du Québec à Trois-Rivières
- Université du Québec en Abitibi-Témiscamingue
- Université Laval
- McGill University
Economics
Bachelor’s degree
Placement rate: 67%
26.1% of graduates pursue further studies
Master’s degree
Placement rate: 84.2%
5.3% of graduates pursue further studies
International business
Master’s degree
Placement rate: 84%
9.3% of graduates pursue further studies
Bachelor’s degree
Placement rate: 74.2%
19.7% of graduates pursue further studies
Marketing and purchasing
Bachelor’s degree
Placement rate: 82.8%
12.3% of graduates pursue further studies
Master’s degree
Placement rate: 85.7%
9.5% of graduates pursue further studies
Also required
Financial Planners
- Certificate from the Autorité des marchés financiers [Financial Markets Authority] to use the title of Financial Planner (F.Pl.).
Sometimes required
- The title of Personal Financial Planner (P.F.P.) may be required (issued by the Financial Planning Standards Council of Canada).
- The Chartered Professional Accountant (CPA) designation may be required for Financial Inspectors and Auditors.
- A real estate agent licence is required for mortgage brokers.
Main skills and characteristics
Skills
- Information processing
- Data collection
- Mathematics
- Critical thought
- Reading comprehension
- Solving complex problems
- Active listening
- Oral expression
- Judgment and decision-making
- Active learning
- Written expression
- System analysis
- Systems evaluation
- Persuasion
- Coordination
- Teaching
- Result evaluation
- Time management
- Social perception
- Learning strategies
Abilities
- Mathematical reasoning
- Basic numeracy
- Written comprehension
- Oral comprehension
- Deductive reasoning
- Inductive reasoning
- Verbal skills
- Information organization
- Speech recognition
- Awareness of issues
- Speech clarity
- Written expression
- Idea generation
- Near vision
- Classification
- Originality
- Selective attention
Knowledge and attributes
- Focussed on results
- Autonomy
- Sense of responsibility
- Spoken and written bilingualism (French and English)
- Knowledge of economics and accounting
- Sense of initiative
- Vitality
- Desire to upgrade one’s competencies
- Enjoy challenges
- Knowledge of laws and policies
Interests
- Draft, communicate, and inform
- Work with numbers
- Work in sales or client service
- Work in an office
Personality profiles (RIASEC)
- Enterprising
- People with this profile prefer having responsibilities, influencing others and responding to challenges.
- Conventional
- People with this profile prefer specific, well-defined tasks. They like to respect the order of things and follow established rules.
- Social
- People with this profile prefer to be in contact with others, in particular to entertain, help or teach them.
Official name of the NOC 1114
Other financial officers
Job titles
- Financial services consultant
- Financial institutions inspector
- Personal financial planner
- Estate and trust administrator
- Finance and credit administrator - international banking
- Estate administrator
- Interbanking arrangements officer
- Foreign interbanking arrangements officer
- Trust officer
- Personal trust officer
- Financial management officer
- Financial management officer - pension plan analysis
- Financial management officer - program budgeting
- Securities analyst - personal finances
- Credit adjudicator
- Investment advisor - personal finances
- Investment counsellor - personal finances
- Securities counsellor
- Mortgage broker
- Lending solutions manager
- Estate executor
- Account manager
- Credit agency inspector
- Bank inspector
- Financial investigator
- Financial planner - personal finances
- Financial underwriter
- Securities underwriter
- Bonds underwriter
- Mortgage underwriter
- Credit unions examiner
- Financial institutions examiner
Skill type
Business, finance and administration
Related occupations
- Advertising, marketing and public relations managers
- Banking, credit and other investment managers
- Business development officers and marketing researchers and consultants
- Economists and economic policy researchers and analysts
- Financial and investment analysts
- Insurance, real estate and financial brokerage managers
- Other business services managers
- Securities agents, investment dealers and brokers
Last update: March 17, 2023
