Financial Market Dealer - ANZSCO 222211

SOL | State SOL | Employer SOL| Regional

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

Skill Level 1

Alternative Titles
Money Market Dealer

Specialisations
Derivatives Trader
Fixed Interest Dealer
Foreign Exchange Dealer
Securities Dealer

Skills Assessment Authority VETASSESS - Caveats Group B & VETASSESS-FAQ | Your Career | My Future

Caveats No caveats 

Endorsed Correlations to ASCO Occupations
3212-15 Financial Market Dealer

Group: 2222 Financial Dealers

Description
conduct financial market transactions on behalf of clients.

Tasks
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

Skill Level
Most occupations in this unit group have a level of skill commensurate with a bachelor degree or higher qualification. At least five years of relevant experience may substitute for the formal qualification. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification (ANZSCO Skill Level 1).

Registration or licensing may be required.

Requirements for Skills Assessment

This occupation requires a qualification assessed as comparable to the education level of an Australian Qualifications Framework (AQF) Bachelor degree or higher degree and in a field highly relevant to the nominated occupation.

In addition to the above, it is essential for applicants to meet the following employment criteria:

• at least one year of post-qualification employment at an appropriate skill level,
• undertaken in the last five years,
• working 20 hours or more per week, and
• highly relevant to the nominated occupation.

If the qualification is not in a highly relevant field, then the applicant must have:

• three years of post-qualification employment experience at an appropriate skill level,
• undertaken in the last five years,
• working 20 hours or more per week, and
• highly relevant to the nominated occupation.

This is reduced to two years if there is an additional qualification at least at AQF Diploma level in a highly relevant field.

If employment has occurred before completion of qualification, then five years of highly relevant employment experience are required in addition to at least one year of highly relevant employment at an appropriate skill level in the last five years.

Please note in order to achieve a successful Skills Assessment Outcome, a positive assessment for both qualifications and employment is required.

*If employment is prior to the completion of the qualification at the required level, an applicant must have at least one year of highly relevant employment at an appropriate skill level within the last five years. The remaining five years of pre-qualifying period may be within the last ten years.

A positive assessment of both qualification level and employment duration is required for a positive Skills Assessment outcome.

Qualification
AQF Bachelor degree or higher degree* Highly relevant major fields of study include Finance, Business, Commerce, Accounting, Economics, and Actuarial Studies. Majors in Mathematics, Statistics, Physics, Engineering and ICT may be considered on a case-by-case basis if the employment is highly relevant.
* This includes qualifications assessed at AQF Bachelor, Master and Doctoral level.

Employment Information

Financial Market Dealers are expected to be performing transactions within a regulated market and may require a licence or registration, depending on the specific role.

Roles primarily focused on ongoing processing and transaction support, rather than executing buy and sell orders in the marketplace on behalf of clients, are not considered highly relevant.