NOC 14201

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NOC 14201 “Banking, insurance and other financial clerks”

Canada is making some significant changes to its Immigration National Occupation Classification system.

The current NOC List is currently being updated. As a result, the details for NOC 1434 “Banking, insurance and other financial clerks” has changed to the following:

NOC 1434 has become Noc 14201

NOC 14201 replaces NOC 1434 for the job title of “Banking, insurance and other financial clerks”

Will this change affect me?

The new 2021 NOC codes will likely impact Express Entry and PNP candidates, especially those with occupations previously at NOC Skill Level B.

“Banking, insurance and other financial clerks” applicants need to identify which occupation, or NOC code, their work falls under. Making the correct choice of NOC is therefore a vital part of a successful Canadian Immigration project.

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Why has NOC 1434 changed to NOC 14201?

Every seven to ten years Canadian Immigration adjusts the National Occupation Classification Code to reflect changes in immigration and the economy. It also reflects the broader needs of employers and the overall nature of work in Canada. The NOC is developed and maintained between Statistics Canada (STC) and Employment and Social Development Canada (ESDC).

In 2021 a new National Occupation Code index was announced. This new 2021 NOC List replaces all previous versions of the Canadian NOC List.

The old Skill Levels were based on four categories; Skill Level A, B, C, D.

These have been replaced with levels of Training, Education, Experience and Responsibility (TEER).

Every NOC Code and Occupation now has a TEER level for Immigration purposes rather than one of the traditional Skill Levels.

What’s changed for the job title “Banking, insurance and other financial clerks”?

The old NOC structure (NOC 2016) for NOC 1434 was categorized based on Skill Level. Level.

The old level of 1434 “Banking, insurance and other financial clerks” “is Skill Level C requiring completion of secondary school and some short-duration courses or training specific to the occupation. Alternatively, some secondary school education, with up to two years of on-the-job training, training courses or specific work experience”.

The new NOC structure for “Banking, insurance and other financial clerks” uses the NOC Code 14201 and the Skill requirement of Completion of secondary school; or Several weeks of on-the-job training with some secondary school education; or Experience in a related occupation from TEER 5 (when applicable).

NOC 14201 Summary

NOC 14201 was previously 1434

The job title for both 14201 and 1434 is now “Banking, insurance and other financial clerks”

The TEER level for 14201 is Completion of secondary school; or Several weeks of on-the-job training with some secondary school education; or Experience in a related occupation from TEER 5 (when applicable).

The level of demand in Canada for the role remains High

Canada Visa Options for NOC 14201

There are a number of Canada Visa options for NOC 1434. These include:

Federal Skilled Visas

Canadian Experience Class

Provincial Nomination

Is NOC 14201 in demand in Canada

NOC 14201

“Banking, insurance and other financial clerks”

Demand: High

This means that currently, according to Statistics Canada, the role of “Banking, insurance and other financial clerks” in Canada currently has more jobs advertised than available candidates. It is anticipated that over the next 18 to 24 months the Canadian Skills shortage for the National Occupation Code 14201 will be filled by highly skilled and motivated newcomers to Canada.

NOC 14201

NOC 14201 “Banking, insurance and other financial clerks”

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