Banking & Financial Services
Financial Markets Broker/Dealer's Assistant
Financial markets broker's or dealer’s assistants perform duties related to buying and selling shares and processing financial transactions.
What does a Financial Markets Broker/Dealer's Assistant do?
Financial markets broker's or dealer’s assistants perform duties related to the buying and selling of shares, handling share certificates, processing financial market transactions and investment advising. They may also be known as broker’s clerks.
As a financial markets broker's or dealer’s assistant, you might:
- correspond with customers and confer with coworkers to answer inquiries, discuss market fluctuations, or resolve account problems
- check the validity of documents and facilitate settlement of financial product transactions
- perform clerical tasks, such as answering phones or distributing mail
- contact share registries and process dividends
- record data and transfer securities by electronic means.
Key skills and interests
To become a financial markets broker's or dealer's assistant, you would need:
- to be able to work independently and under pressure
- the ability to work as part of a team
- good communication skills
- strong attention to detail
- strong IT skills
- the ability to think analytically and solve problems.
Working hours and conditions
Most financial markets broker's or dealer's assistants work full time.
Financial dealers' assistants may be employed in confirmations, settlements, or reconciliations areas. Your work is likely to include tasks in several of these areas.
How to become an Financial Markets Broker/Dealer's Assistant?
Entry Level Education
To become a financial markets broker / dealer’s assistant you usually have to complete a VET qualification in financial services, financial markets operations or accounting.
Entry to this occupation may be improved if you have a degree in accounting, business, commerce, finance or a related field. To get into these courses you usually need to gain your senior secondary school certificate or equivalent. English and mathematics would be appropriate subjects to study prior to university.
Employment of financial markets broker's or dealer’s assistants is expected to remain steady.
All types of financial dealing firms are increasingly using technology and online services to record and carry out financial transactions on behalf of customers. However, a growing number of individuals, self-managed super funds and companies have financial and equities investments, which will continue to create opportunities in broking and financial dealing firms.