Profession financial broker

Investment brokers buy and sell securities, stocks, bonds and other financial instruments, and deal on the foreign exchange, on spot, or on futures markets, on behalf of their own company or for customers on a commission basis. They recommend transactions to clients or senior management.

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Personality Type

• Enterprising / Investigative

Related professions finance, economics

• Budget analyst
• Debt, rent or cash collector
• Econometrician
• Economist
• Finance or sales associate professional, all other
• Financial advisor
• Financial analyst
• Financial clerk
• Loan officer
• Money changer
• Money-lender
• Personal financial advisor

Knowledge

• Economics

  Economic principles and practices, financial and commodity markets, banking and the analysis of financial data.

• Financial products

  The different types of instruments that apply to the management of cash flow that are available on the market, such as shares, bonds, options or funds.

• Actuarial science

  The rules of applying mathematical and statistical techniques to determine potential or existing risks in various industries, such as finance or insurance.

• Financial jurisdiction

  Financial rules and procedures applicable to a certain location, whose regulatory bodies decide on its jurisdiction

• Securities

  The financial instruments traded in financial markets representing both the right of property over the owner and at the same time, the obligation of payment over the issuer. The aim of securities which is raising capital and hedging risk in financial markets.

Skills

• Trade securities

  Buy or sell tradable financial products such as equity and debt securities on your own account or on behalf of a private customer, corporate customer or credit institution.

• Maintain financial records

  Keep track of and finalise all formal documents representing the financial transactions of a business or project.

• Protect client interests

  Protect the interests and needs of a client by taking necessary actions, and researching all possibilities, to ensure that the client obtains their favoured outcome.

• Manage financial risk

  Predict and manage financial risks, and identify procedures to avoid or minimise their impact.

• Obtain financial information

  Gather information on securities, market conditions, governmental regulations and the financial situation, goals and needs of clients or companies.

• Synthesise financial information

  Collect, revise and put together financial information coming from different sources or departments in order to create a document with unified financial accounts or plans.

• Advise on financial matters

  Consult, advise, and propose solutions with regards to financial management such as acquiring new assets, incurring in investments, and tax efficiency methods.

• Apply technical communication skills

  Explain technical details to non-technical customers, stakeholders, or any other interested parties in a clear and concise manner.

• Analyse market financial trends

  Monitor and forecast the tendencies of a financial market to move in a particular direction over time.

• Provide financial product information

  Give the customer or client information about financial products, the financial market, insurances, loans or other types of financial data.

• Create a financial plan

  Develop a financial plan according to financial and client regulations, including an investor profile, financial advice, and negotiation and transaction plans.

Optional knowledge and skills

Source: Sisyphus ODB