Hello all,
I really need help. I've been working as a Financial Services Rep for a while at Cash Money. I give payday loans and line of credit to clients and I take custody of the cash vault often. I didn't have to take CSC/IFIC or mutual funds license and the company has only 2 products Line of Credit and Payday loans for now.
Does this role fall under 6235?
The duties from official NOC site for FSR 6235 is as follows:
I really need help. I've been working as a Financial Services Rep for a while at Cash Money. I give payday loans and line of credit to clients and I take custody of the cash vault often. I didn't have to take CSC/IFIC or mutual funds license and the company has only 2 products Line of Credit and Payday loans for now.
Does this role fall under 6235?
The duties from official NOC site for FSR 6235 is as follows:
- Open new personal and non-personal accounts, and provide access to automated banking machine, telephone banking and online banking services
- Interview applicants for personal, mortgage, student and business loans
- Promote the sale of deposit, investment, credit and loan products and services
- Assist clients by proposing solutions to address financial objectives such as business expansion, debt management, investment and other financial goals
- Research and evaluate loan applicant's financial status, references, credit and ability to repay the loan
- Complete credit and loan documentation
- Submit credit and loan applications to branch or credit manager with recommendations for approval or rejection; or approve or reject applications within authorized limits ensuring that credit standards of the institution are respected
- Prepare statements on delinquent accounts and forward irreconcilable accounts for collector action
- Review and update credit and loan files
- Act as joint custodian for cash and securities.
- Employment requirements
- Completion of secondary school and extensive general banking experience is usually required.
- A bachelor's degree or college diploma related to commerce or economics may be required.
- A mutual funds licence is usually required.
- Registration with the securities regulatory authority in the province or territory of employment is usually required.
- Completion of a loan or credit training program, ranging from six to twelve months, is usually required.
- Various training programs and courses are offered by the Canadian Securities Institute and may be required by employers.
- Financial services officers who sell regulated financial products and investments are required to be licensed by the appropriate governing body.
