How to become a Financial Dealer's Assistant

Financial dealers' assistants assist stockbrokers and stockbroking firms in activities such as buying and selling shares, handling share certificates, processing financial market transactions and investment advising.

Personal requirements of a Financial Dealer's Assistant

  • able to make calculations quickly and accurately
  • able to work independently and under pressure
  • able to work as part of a team
  • good communication skills
  • strong attention to detail
  • able to think analytically and solve problems.

Duties & Tasks of a Financial Dealer's Assistant

Financial dealers' assistants: • record sales documentation received from clients and other financial institutions • check the validity of documents and facilitate settlement of financial product transactions • issue contract notes and confirmations • process sales and payments • contact share registries and process dividends • record data and undertake electronic transfer of securities • reconcile differences in data from transactions • manage funding throughout the day.

Working conditions for a Financial Dealer's Assistant

Financial dealers' assistants may be employed in any of the following areas: corporate actions, confirmations, settlements, reconciliations and collateral management. In a large firm, an assistant may work in only one of these fields, whereas in a smaller firm their work may include tasks in several of these areas.

Avg. weekly wage:

$958

Future growth:

Decline

Employment by state:

ACT ACT 1.8%

NSW NSW 41%

NT NT 0.5%

QLD QLD 14.6%

SA SA 5.8%

TAS TAS 2.4%

VIC VIC 27.8%

WA WA 6.1%

Hours worked:

34.3

Unemployment:

Average unemployment

Gender split:

Male 32.2%

Female 67.8%

Education level:

Not completed Year 10: 3.9%

Not completed Year 12: 14.1%

Highest qualification is secondary school: 15%

Highest qualification is a Certificate 3 or 4: 10.8%

Highest qualification is a Diploma or Advanced Diploma: 12.6%

Highest qualification is a Bachelor degree: 25.2%

Highest qualification is a Postgraduate Diploma or Graduate Certificate: 18.3%

Age brackets:

15-19 - 1.9%

20-24 - 8.8%

25-34 - 33.3%

35-44 - 22.8%

45-54 - 22.4%

55-59 - 5.9%

60-64 - 3.8%

65 and Over - 1%

*The data above is sourced from the Department of Employment’s Job Outlook website.

Related careers