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.

Job Titles

• Bank inspector
• Credit adjudicator
• Credit unions examiner
• Financial compliance officer
• Financial institutions examiner

Main Duties

• 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.

Workplaces

• Banks
• Governments
• Investment firms
• Self-employed
• Trust companies

Work Environment

• Indoors, environmentally controlled
• Close proximity to others

Physical Demands

• Sitting
• Making repetitive motions

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.

Skills

• Critical Thinking
• Evaluation
• Monitoring
• Systems Analysis
• Decision Making

Abilities

• Deductive Reasoning
• Mathematical Reasoning
• Numerical Ability
• Categorization Flexibility
• Inductive Reasoning

Personal Attributes

• Analytical Thinking
• Attention to Detail
• Collaboration
• Independence
• Leadership

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Source: OaSIS