canada9 said:
Hi friends, Im working in Bank as AM and Planning to apply under NOC 1114 other Financial officers, Can anyone pls confirm whether these roles are enough to match the NOC.
Researching the marketplace and providing clients with information on new and existing products and services. Designing financial strategies. Assisting clients to make informed decisions. Reviewing and responding to clients changing needs and financial circumstances.
Responsible for helping individuals and companies(corporate clients) examine their immediate and long-term financial situations to appropriate use their savings, income and make investments. Analyze financial situations to determine risk, reward and opportunity.
Assisting clients to create personal budgets, control expenditures, set goals for saving and implement strategies for accumulating wealth.
Build and maintain strong relationships with Institutional clients through coordination of effort with various internal departments and divisions of Indian Bank.
Contacting clients with news of new financial products or changes to legislation that may affect their savings and investments. Setting up meetings, either within an office environment or in clients' homes or business premises.
Ensure that a high level of customer service is maintained with clients by keeping them informed of any new developments, products, and all available services as they relate to their business needs.
Determine clients' current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance and other information needed to develop a financial plan.
Sell financial products. Open accounts for clients and disburse funds according to financial goals.
Provide clients with guidance on Bank policies, procedures and training that directly impact their business. Maintaining all quality and procedural standards within the branch. Implementing policies that build trust between the Bank and its customers. Responsible for developing and implementing accounting policies and procedures.
Review clients' accounts and plans regularly to determine life changes that would affect relationship with customers. Make recommendations in areas such as cash management, insurance coverage and investment planning.
Act as a liaison with the various operational areas within Indian Bank to ensure tasks are completed in a proactive and timely manner. Formulate strategic and long term business plans.
Provide process improvement recommendations that will enhance the overall business relationship with Customers.
Ensure that the company procedures and guidelines are kept up to date with changes in financial regulations and legislation.
Regards
Sabitha
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Anyone who have applied for 1114, Pls help.....
Hi Sabitha,
I worked with various asset management & insurance cos. And shared similar kind of profile.
Advising clients on their investments and insurance needs.
Updating them on global markets and domestic volatility in capital n debt market. Etc etc....
I have already sent my application to CIO.
Ur jd is in sync with the responsibilities reqd by NOC 1114.
Request you to kindly prepare Ur experience certificate where u should keep at least 3-4 responsibilities similar to the requirements.
Pfb the responsibilities required under NOC 1114 for Ur reference.
Main duties
The following is a summary of main duties for some occupations in this unit group:
Financial planners develop personal financial plans for clients covering cash management, finances, insurance coverage, investments, retirement and estate planning, taxes and legal matters; analyze clients' financial records, set goals and develop a financial strategy; advise clients on implementing the financial plan to help them achieve their goals; may also arrange for the purchase and sale of financial products and investments depending on the licence held, and monitor the portfolio to ensure its quality and profitability; and help to expand business and attract new clients.
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 underwrite new issues of stocks and bonds, negotiate with corporations and governments to determine the type and terms of new securities issued and prepare offering prospectuses.
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, and negotiate mortgage loans with lenders or lending institutions on behalf of clients.
Hope this will support your queries. Always there to support. U can reach me at ruchil@live.in
Wish u all the best !!
Regds,
Ruchil
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