I have been trying for risk analyst jobs for the past few months. However, even after having the relevant experience ( 7+ years) back in my country, I am not getting an interview call in the same domain. Currently, I am in the last semester in my MSc in Big Data Financial Analytics. I wonder is it the student status that is preventing me to land an interview call or it is difficult to manage interviews without a reference in Canadian Job market? Looking for a perspective from the folks!!

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You can never go wrong with networking. Many times it is not what you know, but who you know and how you apply what you know. Always network, I'm not sure how the job market is where you are. However, networking and making some connections can help you get your foot in the door.

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I feel ya!! Although I've only ever lived/worked in the US. But I have also been applying for internal Risk positions and have prior experience. No interviews at all yet...just the automated "we've chosen someone else with better qualifications" response. I'm about as analytical as you can get! 🤦‍♀️ If I figure out the secret, I'll let you know....

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There are few reasons why you are not being called for interviews (speculation obviously, I have not seen your CV), but generally, this I can confirm (been working in the industry in Canada since 2006, immigrant and worked for an American bank prior arriving here):
1. No, your student status does not prevent you from being hired. It has nothing to do. Banks hire students all the time, at different entry levels based on experience and other factors,
2. LEGAL STATUS TO WORK IN CANADA: The most important thing is: do you have the legal paperwork to work in Canada? do you have the permanent resident, work permit? Are you Canadian? If yes, it is another reason. No Canadian bank will hire a person without the legal permit UNLESS that person has a skill that cannot be found in Canada. Given the case, they will initiate and fund the process with the government to provide the legal status to the chosen candidate. In this case, the permit will limit the hiring to work only for the company that is processing the paperwork. I’ve seen this case happening, very very rare cases. The bank has to proved than in whole Canada there is no one person that can do the job and is very expensive the whole process (+100k) per candidate. Tgerefore, this is an exception, not the rule,
3. CANADIAN EXPERIENCE: Yes, ideally you must have Canadian experience in the industry, but American experience in the industry is equally regarded, therefore, if no Canadian experience in your career, American will do. Any other country? It depends, not all countries are “equal”. It is not the same coming from Europe than Africa, Latinoamérica, Asia. In this case, they will judge what other Financial institution you have experience in. It is not the same having worked for HSBC, Credit Agricole, BNP Paribas, etc. or known worldwide Hedge Funds, Regulatory Authorities, Government Authority, known Fintechs, Stock Exchange, etc than working is local banks (not known worldwide), local Fintechs, etc. you get the gist. The overall international reach of the companies you have worked is important,
4. CONTACT INFORMATION: if your contact number, address in your CV is not a Canadian one, the hiring party will assume you are not even here. In this case, they will suppose you have no legal permit to work here, your CV will not be pulled up from the pile at all. UNLESS you specify at the top of the page of your CV you have the legal status to work here. The hiring of a skilled person that has no legal permit route never ever happens by people directly applying, the candidates are recruited through specific recruiting international firms and more often through REFERRALS. The person they want to hire is known in the industry, has excellent reputation, proven experience. Which is why those cases do not happen by someone simply applying on the bank HR job site or any other job engine.
5. WHO YOU KNOW: yes, if you know somebody, it will work IF you have the point 2 and 3 and the person is willing…

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6. CV FORMAT: you have to adapt to Canadian way of building CVs. No photo, follow guidelines from how to apply using a Canadian CV format.
7. LANGUAGE: if the position you are applying specifies you MUST speak English and French, you must have both. English only will not suffice and your CV despite having checked all the other boxes will not get picked up. So the key words of language requirements tell you what they are looking for. If only English is a must and French is “desirable” and you only speak English, you will be ok. The languages are not aleatory, the position you are applying has language requirements depending on the stakeholders (clients, colleagues by region, internal or external) the candidate would need to interact with.
8. POORLY COMPOSED CV: I have helped friends to create a CV that sells what they do and it’s customized to every position they apply. It is very important the way the CV is written.

These are the most important factors. I hope it serves as guideline for you and others reading these posts. As an immigrant myself that went through the whole process and was very lucky, I hear the stories of so much talent that cannot get in, due to not having insight information about how the system works…

Good luck and have a nice day.

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Cont from previous post:
To vouch for you. When you refer somebody, your own reputation is at risk. If the hired candidate performs as expected, everything will be ok, the opposite is true too, the reputation of the person doing the referral will suffer a bump. Therefore, who you knows works if the candidate is solid and performs once hired. This is a very personal choice. Reputation is everything in the industry if you want to stay and climb the corporate ladder. If your objective is just have the job, which is ok too, this point is not that important. Keep in mind, the industry in Canada is very small and everybody knows everybody or knows everybody that knows x person. This country has 34 M people or so, not 340M as US or big as UK . Therefore, the importance of keeping your good reputation since to advance in your career you have to move lateral from bank to bank.

I hope this helps.

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