+1(514) 937-9445 or Toll-free (Canada & US) +1 (888) 947-9445

Does Financial Services Rep title from Money Mart/Cash Money etc. qualify for TEER 3/NOC B?

Specter04

Newbie
May 21, 2024
8
1
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:
  • 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.
Someone please let me know, losing my sleep over this ☹
 

AaronAndree

Newbie
Aug 1, 2024
3
0
Hi Specter 04, I’m having the same issue working as a FSR at Money mart. Did you get any favourable answers to your question? Thank you!
 

AaronAndree

Newbie
Aug 1, 2024
3
0
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:
  • 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.
Someone please let me know, losing my sleep over this ☹
Hi Specter 04, I’m having the same issue working as a FSR at Money mart. Did you get any favourable answers to your question? Thank you!