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222211 · ANZSCO 2022

Financial Market Dealer

Classification
Occupation
Skill level
1 Aus,2 NZ
Major group
Professionals
Assessing authority
VETASSESS

Classification

Major group
2Professionals

Description

Buys and sells securities within financial markets, and trades and distributes financial securities on behalf of financial institutions. Registration or licensing is required.

Alternative titles

  • Money Market Dealer
  • Buys and sells securities within financial markets, and trades and distributes financial securities on behalf of financial institutions. Registration or licensing is required.

Specialisations

  • Derivatives Trader
  • Fixed Interest Dealer
  • Foreign Exchange Dealer
  • Securities Dealer

Unit group

2222 · Financial Dealers

Description

Financial Dealers conduct financial market transactions on behalf of clients.

Skill level

Occupation skill level 1 Aus,2 NZ

Australia

Bachelor degree or higher qualification. At least five years of relevant experience may substitute for the formal qualification (ANZSCO Skill Level 1)

New Zealand

NZQF Diploma, or at least three years of relevant experience (ANZSCO Skill Level 2) In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification. Registration or licensing is required.

Tasks

Tasks include

  • obtaining information on securities, market conditions, government regulations and financial circumstances of clients
  • interpreting data from securities reports, financial periodicals and stock-quotation viewer screens
  • analysing financial markets and financial market products
  • providing information and offering advice on financial market matters, market conditions and the history and prospects of corporations
  • executing buy and sell orders in the market place on behalf of clients
  • relaying trade information to clients such as the number of contracts bought and sold and the price
  • monitoring futures prices and market changes, and bidding for commodity futures contracts
  • recording and transmitting buy and sell orders
  • calculating and recording costs of transactions

Occupations in this unit group

Sources