Immigrate to Canada as a Banking Credit and Other Investments Manager

Are you looking to immigrate to Canada as a Banking credit and other investment manager – NOC 10021 which includes other related occupations? Do you know Banking Credit and Other Investment Managers are in demand and regularly invited in the province of Saskatchewan without the need for a job offer? Are you within the ages of 22 to 45? Do you have 1 to 10 years or more of working experience in roles related to Banking Credit and Other Investment Managers? Do you have a good English or French language ability? Do you have a post-secondary education of at least a university degree or college diploma in business administration, commerce, economics or a related field?

If your answers are all yes, then you can meet the minimum eligibility points of 60 to plan your Canada immigration journey to the province of Saskatchewan through the Saskatchewan Immigrant Nominee Program (SINP).

The good news is that occupations within class of Banking Credit and Other Investment Managers – NOC 10021 are in demand with no provincial license required and has been drawn a few times in SINP’s round of invitations, presenting a good chance of getting an Invitation to Apply in the next SINP’s bi-weekly draws.

From the SINP ISW EOI Selection Results, the lowest EOI points ever drawn for Banking Credit and Other Investment Managers is 60 points, the very minimum eligibility points for SINP and this was on November 1, 2018.

Below is the step-by-step guide to your Canada immigration journey as Banking Credit and Other Investment Managers using the SINP.

What is Saskatchewan Immigrant Nominee Program?

Saskatchewan Immigrant Nominee Program (SINP) is a Provincial Nomination Program which the government of Saskatchewan uses to invite eligible applicants willing to reside in the province of Saskatchewan to apply for Canada immigration in order to become permanent residents. It’s also the best pathway for professionals with years of working experience in a single occupation that is in demand in the province of Saskatchewan, who may often not be competitive for the Federal Skill Worker (FSW) Program because of their age and the extremely high CRS scores.

Why Saskatchewan Immigrant Nominee Program?

If you are looking to migrate to Canada, you would have by now looked at the various pathways for the best program that fit your need. Although the easiest pathway is the Federal Skilled Worker (FSW) Program, that has unfortunately become very competitive as the lowest ranked Comprehensive Ranking Score invited as of July 11, 2023, was 505. That is over the top for people outside of Canada.

Saskatchewan’s Provincial Nomination Program has become the best alternative routes for the majority as they are able to meet the eligibility requirements without a job offer. Also, Saskatchewan is the only province in Canada that invites Banking Credit and Other Investment Managers, hence quite important to channel all your energy to SINP to get a nomination from the province.

What is SINP Point Assessment Grid?

In order to immigrate to Canada, Saskatchewan as a Banking credit and other investment manager – NOC 10021, you need to assess your eligibility for the PNP program using the SINP Point Assessment Grid.

The Point Assessment Grid is a point-based system which awards points for primary eligibility factors such as age, education, work experience, and English and or French language ability for a maximum point of 80. This is particularly for persons looking to immigrate outside of the Saskatchewan province and outside of Canada.

Additionally, the Point Assessment Grid awards points for meeting the secondary eligibility factors such as having schooled for at least 12 months or worked for at least 12 months or having a close family relative living in Saskatchewan to demonstrate connection to the province for a maximum point of 30. This is particularly for persons who are able to go study in Saskatchewan on a valid student visa in a designated learning institution which gives them the opportunity to work on an open work permit.

This makes a total of 110 points to claim by meeting the primary eligibility factors and the secondary eligibility factors to increase your chances of ITA.

If you are outside of Canada like majority of us and have no second language and connection to the province, the maximum points you can pursue is 70 points and that is achieved by scoring the highest in each of the primary eligibility factors.

The minimum eligibility points for SINP is 60 points. However the higher your points, the higher your chances of receiving an Invitation to Apply (ITA), and once invited you have 60 days to submit your documents for verification against the points you have claimed to get a decision on your application.

How to Assess Your Eligibility

To assess your eligibility, understand the Point Assessment Grid and use the Online Eligibility Tool to determine the category you fit – whether occupation in demand (OID) or express entry (EE).

You must first determine your points based on the real case scenario of what is possible for you to get an invitation e.g., especially education, language ability and work experience, and work towards gathering the required documents.

It is important to be aware that, any points you claim should be points you can prove before you create an expression of interested profile.

How to Prove Your Eligibility

Based on the point assessment grid, you can only claim points for what you can prove with the required documents.

Age

Your age is determined by your national ID, birth certificate and some of your educational transcripts. The ideal age for the maximum points of 12 is between 22 to 34.

Education

You must do an education credential assessment of your highest post-secondary education. You can get the highest points of 20, if you have a master’s degree, and your education is related to your NOC.

Your highest education must be assessed for Canadian equivalency using the IRCC approved Institutions in Canada.

The fastest for Banking Credit and Other Investment Managers is World Education Service.

Work Experience

You can only claim work experience if it was paid. Voluntary jobs such as internships are excluded. Years of work experience can be claimed in 2 categories:

• Last 5 years starting from the date of invitation.
• Last 6 to 10 years starting from the date of invitation.

Any person in current employment with a continuous work experience for 10 years without any gap can achieve the highest points of 15. Such a person can comfortably track work experience from their current job to the last 5 years and continue from the last 5 years to 10 years.

Persons with gaps in between their work history can only claim the period of work in the same occupation within the 2 timeframes.

Proving work experience is by the following:

• Reference letter.
• Pay slips.
• At least one additional government issued documents like
  • Pension statement
  • Social security statement
  • Work permit, work visa or labor card for any foreign work experience.
  • income tax certificate
  • Government employment contract
• Any additional documents related to your role from your company e.g., emails you were in copy or sent to you.

Reference letter has some key requirements to be accepted as proof of work experience. It is required to have the following;

• Be on company letterhead which has physical address and contact number.
• Introduce the type of business the company does.
• The duration of your employment.
• The hours of work to prove it was full time hence 40 hrs. a week ought to be mentioned.
• Your job title – not the determining factor.
• Your job description – the key determining factor for accepting your claim for the NOC.
• Your monthly salary indicating it was a paid job.
• Signed by the HR, or Supervisor
• Must have the email address and contact number of the signatory.

Those who are self-employed may only claim work experience if they are in a managerial NOC.

• Business license and self-employment tax documents
• Proof of income
• Reference letters from clients.

Language Ability

You are required to demonstrate language ability in English or French or both by having an English or French proficiency exam result valid within the last 2 years.

If you are an English speaker, you must take IELTS General or CELPIP exam whiles French can take TCF or TEF exam and convert to Canadian Language Benchmark (CLB)

The minimum eligibility level for the SINP Occupation in Demand is CLB 4 for 12 points whilst the highest language level is CLB 8 for maximum of 20 points.

If you have a valid language test result that is equivalent to CLB 7, you can create an express entry profile under the FSW and use the SINP Express Entry category to link to your express entry profile.

Check the Language Test Equivalency Chart to convert your language test results to CLB.

Connection to the Province

Connection to the province can be established through at least a 12-month certificate program showing successful completion of the program in the province; a 12-month working experience on a valid work permit proven by an employment reference letter; and any family relatives from parent, siblings, uncles, aunties and first cousins who live in Saskatchewan, proven by their income statements, utility bills, and permanent residence status in Canada.

Proof of Fund

Canada wants skilled migrants to be able to settle themselves for at least 6 months by which they would have gotten a job. This brings some strong requirements on settlement funds for immigrating to Canada based on family size.

According to IRCC, Proof of fund must cover spouse and dependent children even if they are not coming with you to Canada. 

SINP particularly needs your funds to be at least 3 months before submitting an application following an invitation.

Make sure your funds are at least 1 month old before you create an expression of interest profile, since you will have 60 days to submit an application to make a total of 90 days for your funds to be accepted.

Proof of fund must either be in your name or your spouse’s name (I was made ineligible because my fund was in my business account). Also, sponsorship from another family member is not accepted. It has to be fund you or your or both of you own.

Always refer to IRCC’s Proof of fund requirements.

The primary proof of fund is yours or your spouse’s personal current or savings account.

A personal bank statement with a letter from your bank confirming you or your spouse is the account owner, when the account was opened, and the balance as shown in the statement. The letter must be on the banks letterhead.

The secondary proof funds must be liquid funds that can easily be withdrawn when needed to be accepted as proof of fund. These include:

• Bonds
• Cash value life insurance
• Guaranteed Investment Certificate (GICs) or Certificates of Deposit
• Mutual Funds
• Provident Funds (an official letter from the provident fund organization indicating the amount of funds that are accessible is required)
• Registered Retirement Savings Plans (RRSPs)
• Stocks
• Tax Free Savings Accounts (TFSAs)
• Term deposits and time deposits (must be valid at the time of application and remain valid throughout the entire application process)
• Treasury Bills

How to Create Your Expression of Interest Profile

Now that you have gathered the required documents to prove the points you claim, you can go ahead and create a profile on OASIS using this link here.

How to Submit Your Documents

Once invited, you have 60 days to submit your documents.

Using the same OASIS account, you are able to submit your documents for your:

• birth certificate
• national identity card
• educational credential assessment,
• post-secondary educational certificates and transcripts,
• professional qualifications,
• language proficiency result,
• proof of work experience,
• connections to the province,
• proof of fund.

Again, you must submit:

• marriage certificate,
• birth certificates of your spouse and children,
• additional family information and
• personal history for both you and your spouse.

Check the video on how I submitted mine here

What is the Processing Time for SINP Application?

From my experience, it took SINP 1 month to decide on my ineligibility based on proof of fund and on the second attempt, it took 1 month to get a nomination. Processing times however varies based on the completeness of your application. The more confusing your documents are the longer it takes for processing. The rule is to keep it simple, precise and specific and provide enough relevant documents to prove your claim.

The average processing time is 3 months for a decision to be made on your application.

What Decision Can Be Made on Your Application?

A decision from SINP can be a provincial nomination from Saskatchewan, which will award you 600 points to kickstart the process of moving to Canada, Saskatchewan; or application is made ineligible for you start again, correct the reasons given and wait for another invitation; or application is PIU ineligible. That is where the Program Integrity Unit (PIU) has suspected you of misrepresentation and requests you to respond within 10 days, upon which a decision will be made to either ban you from applying to SINP for 2 to 5 years or proceed with your application.

How to Confirm You Meet NOC 10021 – Banking, credit and other investment managers

The National Occupational Code for Banking Credit and Other Investment Managers is NOC 10021 and that comprises a group of occupations listed below:

• Accounts manager – banking, credit and investment
• Area manager – banking, credit and investment
• Assistant branch manager – banking, credit and investment
• Assistant consumer credit manager
• Assistant corporate banking services manager
• Assistant credit manager
• Assistant operations manager – banking, credit and investment
• Assistant regional manager – banking
• Bank branch manager
• Bank director
• Bank manager
• Banking accounts manager
• Banking centre manager
• Banking operations manager
• Branch administrative manager – banking, credit and investment
• Branch manager – banking, credit and investment
• Collection centre manager
• Collection manager
• Collection manager – bank or trust company
• Commercial attaché
• Commercial banking manager
• Commercial mortgages accounts manager
• Commercial mortgages manager
• Consumer credit management trainee
• Consumer credit services manager trainee
• Corporate accounts manager – banking, credit and investment
• Corporate banking centre manager
• Corporate services manager – banking, credit and investment
• Corporate trust services manager
• Credit and accounts manager
• Credit and collection department manager
• Credit and collection manager
• Credit approval and market development manager
• Credit area coordinator
• Credit card centre manager
• Credit card company operations manager
• Credit manager
• Credit union manager
• Financial services manager
• International banking manager
• Investment manager – bank or trust company
• Investment manager – banking, credit and investment
• Loan and credit manager – banking or trust company
• Loans manager
• Loans manager trainee
• Mortgage and consumer credit manager
• Mortgage manager
• Operations manager – banking, credit and investment
• Personal services manager – banking, credit and investment
• Personal trust manager
• Regional bank manager
• Regional collection manager
• Regional credit manager
• Senior accounts manager – banking, credit and investment
• Senior manager – personal financial services
• Trust company branch manager
• Trust company investment manager
• Trust company manager

To claim work experience in NOC 10021, you must perform these lead roles in any of the above occupations:

• Banking, credit and other investment managers plan, organize, direct, control and evaluate the activities of financial establishments or operational departments within such establishments, or credit departments in industrial and commercial establishments. They oversee business development and manage overall performance in accordance with established strategic directions and policies.
• Banking managers are employed by banks, trust companies and credit unions.
• Credit managers are employed by credit departments in department stores, utility companies, car dealerships, insurance companies or other industrial or commercial organizations.
• Other investment managers are employed by credit card companies, consumer loan companies, mutual fund investment firms, mortgage investment companies or other financial establishments concerned with extending loans and financing and investments.

Your job description must relate to 70% of the NOC job description below:

Banking Managers

• Plan, organize, direct, control and evaluate the branch operations of a bank, trust company, credit union or similar financial institution or of a department in such an institution responsible for administering personal and commercial loans, buying and selling securities, operating investment funds, administering trusts, settling estates or other related activities
• Ensure the institution’s policies and procedures are followed according to established guidelines and make recommendations for improvement
• Network to develop business relations, promote the sale of loan, investment and other banking services and attract corporate and individual customers
• Interview corporate and individual customers and respond to customer enquiries
• Analyze, review and approve or reject loan and credit applications in accordance with authorized limits
• Monitor processing of loan applications and credit investigations
• Oversee preparation of monthly financial and branch progress reports
• Recruit personnel and identify their training needs.

Credit Managers

• Plan, organize, direct, control and evaluate the activities of a credit department in an industrial or commercial organization
• Administer corporate, commercial and personal loan accounts
• Advise customers on the commercial and personal financial services corresponding to their needs
• Evaluate and review loan and credit applications and collateral and make recommendations
• Approve or reject credit applications, establish credit limits and determine repayment plans or schedules in accordance with authorized limits
• Ensure collection of overdue or delinquent accounts
• Ensure credit policies and procedures are followed according to established guidelines and applicable legislation
• Prepare credit and loan reports
• Recruit credit personnel and identify their training needs.

Your highest education for which you are claiming point must be related to the NOC such as:

• A university degree or college diploma in business administration, commerce, economics or a related field is usually required.
• A master’s degree in business administration, finance or management science may be required for the management of large commercial loans.
• A recognized financial designation may be required (CFA, CFP, CIM or others).
• Completion of company or other management training programs is usually required.
• Several years of experience within the industry, including supervisory experience, are required.

What are Your Chances of ITA?

Before you can know your chances of ITA, you need to go back to the beginning of SINP selection results and check how frequent your NOC 0122 (the 2016 NOC version) and 10021 (the 2021 NOC version) have been selected from the selection results, published my SINP whenever they do a draw.

We have already done the hard work for you using our SINP Self-Assessment and Trend Analysis Tool .

All you need to do is to continue to build on the database moving forward as you look out for the next ITA for your NOC 10021.

Once the template is updated with latest draw, you can estimate your chances of an ITA is based on the trends.

Take action now to start your journey today.

There’s no wasting time now that you know NOC 10021 is an occupation in demand.

Use our SINP Self-Assessment and Trend Analysis Tool to plan your immigration journey.

Planning is everything in Canada Immigration.

What Challenges Should You Overcome?

The moment you envision Canada immigration, don’t tell everyone who is not in the same situation as you. You are only going to bring unnecessary attention to yourself. Only connect with like-minded people like immigration groups.

Everybody’s journey is different; you can expect few hurdles along the way such as:

• Proof of fund is a challenge – don’t give up. Your financial situation can change.
• Employer may not want to give you reference in the required format – don’t give up. HR is a person, treat her like consultant and pay for the service.
• You may not get a CLB 8 – keep writing until you get a CLB 8
• Education may not be related to your NOC – don’t give up. Do a master’s degree.

What Strategies Can You Use to Increase Your Points?

Think of immigration as a journey. The destination doesn’t happen just like that. You need preparation and focus. You need a master plan. Think of those who travel to other countries and spend years, break previous marriage ties to re-marry just for documentation. With SINP you get permanent residency right from your home country with your family ties intact. So, it’s worth the wait and having patience for the opportunity to immigrate.

While in your home country, keep pursuing your career goals by enrolling in higher education, learning a second language and taking life one step at a time with focus on documents needed to prove your points. Every new job you get, make sure to secure the required documents for your immigration journey.

You can also pursue further education in the province to fast-track the process and chances of working in the province for additional points.

Steps for SINP Nomination

• Step 1 – Assess your eligibility. Click here!
• Step 2 – Do your education credential assessment. Click here!
• Step 3 – Do your language test and convert. Click here!
• Step 4 – Gather all your required documents to prove work experience. Click here!
• Step 5 – Build your proof of fund. Click here!
• Step 6 – Create your expression of interest profile. Click here!
• Step 7 – Track your progress, study the trends, evaluate your chances of ITA and stay ready. Click here!
• Step 7 – Submit your documents upon an ITA (Pay $350 application fee). Click here!
• Step 8 – Submit any additional document requests (ADR).
• Step 9 – Pray for nomination.

Steps for Canadian Permanent Residency

• Step 1 – Follow the instructions after nomination.
• Step 2 – Submit medical certificates and police clearance certificates.
• Step 3 – Pay application fee for permanent residency.
• Step 4 – Submit your passports upon request.
• Step 5 – Receive electronic travel authorization.
• Step 6 – Receive permanent residency upon landing in Canada.

Best of luck!