The financial sector is captivating for many individuals due to its fast-paced and challenging work environment. Banking offers a wide range of employment opportunities across a broad spectrum of disciplines depending upon the skills and qualifications of the aspirant. Generally, entry-level positions do not require much qualification or experience but once you enter the industry, there are optimum chances of your financial growth. If you are seeking a job in the banking sector of Canada, then this article is published for you. Here we’ll discuss various types of jobs in the financial sector and the qualifications and skills required to attain a flourishing job in this industry.
Overview of The Banking Sector
If you take a glance at how a bank works it seems nothing more than an institution that receives deposits from their customers and offers loans to those in need. On the contrary, the banking system is much more sophisticated. A bank itself a broad term that precisely includes various types of banks such as investment banks, commercial and savings banks, and private banks. Each type has its targeted customers and offers various job opportunities as per their requirements. The banks as we know them are commercial and saving banks providing loans and keeping deposits of the general public while private banks only deal with high profile clients holding a significant net-worth. Investment banks are best explained as intermediaries between a corporation and the financial markets. They serve major corporations as per their financial necessities.
Types of Bank Jobs In Canada
A bank offers a variety of jobs ranging from entry-level jobs to bank managers. Here we’ll share some of the most common working opportunities a bank offers.
Bank tellers – These are the first employees to encounter a customer and verify their identity. Bank tellers are mainly responsible for performing all sorts of account transactions that are made within the branch.
Loan officers – They assist customers who are willing to apply for a loan.
Relationship manager -They assist the most worthy-clients of the bank in terms of financial advisory. They ensure customer satisfaction and are often responsible to supervise other employees working under them.
Private bankers – They support the needs of extremely wealthy and influential customers, to attain their satisfaction in terms of the investments they’ve made.
Investment banker – They raise funds for corporations and governments by issuing debts or equity selling. They also provide financial advice to corporations.
Necessary Qualifications for Bank Jobs
The qualifications and skillset essential to obtain a job in a bank largely depend upon the level of job you are willing to sign up for. An entry-level job in a Canadian bank does not require a high qualification or a significant amount of experience but for any higher-level job, it is recommended for you to have a relevant degree with a decent amount of working experience. You must clear the CSC (Canadian Securities Course) or the Investment Funds in Canada course (IFIC) if you aspire to get a high-level job in the financial sector of Canada. However, you should have at least a basic level of education even for a customer service based job. Once you begin your career in the banking industry, you can climb up the corporate ladder by constantly upgrading yourself.
Where to Find Banking Jobs
There are a lot of websites on the internet such as Indeed, JobBank, etc through which you can apply for a job in any Canadian bank offering a vacancy. Another way is to simply visit the official website of your desired bank to apply for a job. Social platforms like LinkedIn may also help you in acquiring employer’s attention for you to get your dream job in Canada.