Minor Group

222 Financial Brokers and Dealers, and Investment Advisers

Financial Brokers and Dealers, and Investment Advisers conduct financial market transactions on behalf of clients, sell loans and insurance, buy and sell commodities, offer financial investment advice and plans, and develop and manage financial plans for individuals and organisations.

Indicative Skill Level:

Most occupations in this minor group have a level of skill commensurate with the qualifications and experience outlined below.

In Australia:

  • Bachelor degree or higher qualification. At least five years of relevant experience may substitute for the formal qualification (ANZSCO Skill Level 1); or
  • AQF Associate Degree, Advanced Diploma or Diploma, or at least three years of relevant experience (ANZSCO Skill Level 2)

In New Zealand:

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

Tasks Include:

  • obtaining information on securities, market conditions, government regulations and financial circumstances of clients
  • executing buy and sell orders in the market place on behalf of clients, and offering advice on financial matters such as stocks and bonds, market conditions and the history and prospects of corporations
  • recording and transmitting buy and sell orders, and calculating and recording costs of transactions
  • arranging insurance, home loan mortgages and other types of finance for clients through banks, lenders, financiers and insurance companies
  • developing lists of investments for clients, and reviewing and revising investment plans based on modified needs and changes in markets
  • negotiating the purchase and sale of commodities such as grains, wool, minerals and metals
  • interviewing prospective clients to determine financial status and objectives, discussing their financial options and developing financial plans and strategies
  • managing funds raised from personal superannuation saving policies and unit trusts
Unit Group

2221 Financial Brokers

Financial Brokers operate as independent agents to facilitate the trading of commodities and arrange insurance and loans of money on behalf of clients.

Indicative Skill Level:

Most occupations in this unit group have a level of skill commensurate with the qualifications and experience outlined below.

In Australia:

  • AQF Associate Degree, Advanced Diploma or Diploma (ANZSCO Skill Level 2)

In New Zealand:

  • NZQF Diploma (ANZSCO Skill Level 2)

At least three years of relevant experience may substitute for the formal qualifications listed above. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification.

Registration or licensing may be required.

Tasks Include:

  • monitoring commodity prices, trends and other factors affecting the supply and demand for commodities
  • negotiating the purchase and sale of commodities such as grains, wool, minerals and metals
  • determining the specific financial and insurance requirements of clients, and researching and reviewing available finance and insurance products for suitability to meet clients' requirements
  • analysing clients' financial status, discussing financial options and developing financial strategies
  • recommending loan combinations that meet clients' needs
  • interviewing prospective clients to explain insurance policy conditions, risks covered, premium rates and benefits, and to make recommendations on the amount and type of cover
  • arranging insurance, home loan mortgages and other types of finance for clients through banks, lenders, financiers and insurance companies
  • preparing documents which set out the conditions of finance, repayments and loan periods
  • identifying and advising on significant risk changes to clients' insurance
  • broking complex and commercial leases, equipment finance, commercial finance, project finance and finance for property developers

Occupations:

  • 222111 Commodities Trader
  • 222112 Finance Broker
  • 222113 Insurance Broker
  • 222199 Financial Brokers nec

222111 Commodities Trader

Alternative Title:

  • Commodities Broker

Operates as an independent agent to bring together buyers and sellers of commodities, negotiates private sales and arranges sales through established market places.

Skill Level: 2

Specialisations:

  • Energy Trader
  • Grain Buyer
  • Livestock Trader
  • Media Buyer
  • Water Broker/Trader

  • Wool Broker

222112 Finance Broker

Operates as an independent agent in the course of financial negotiations and arranges loans of money on behalf of clients. Registration or licensing is required.

Skill Level: 2

Specialisations:

  • Lease Broker
  • Mortgage Broker

222113 Insurance Broker

Operates as an independent agent to sell life, fire, accident, industrial or other forms of insurance for a range of insurance companies. Registration or licensing is required.

Skill Level: 2

222199 Financial Brokers nec

This occupation group covers Financial Brokers not elsewhere classified. Registration or licensing is required.

Skill Level: 2

Occupations in this group include:

  • Investment Broker
Unit Group

2222 Financial Dealers

Financial Dealers conduct financial market transactions on behalf of clients.

Indicative Skill Level:

In Australia:

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

In 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 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:

  • 222211 Financial Market Dealer
  • 222212 Futures Trader
  • 222213 Stockbroking Dealer
  • 222299 Financial Dealers nec

222211 Financial Market Dealer

Alternative Title:

  • 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.

Skill Level:

  • 1 Australia
  • 2 New Zealand

Specialisations:

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

222212 Futures Trader

Buys and sells commodity futures on behalf of clients. Registration or licensing is required.

Skill Level:

  • 1 Australia
  • 2 New Zealand

222213 Stockbroking Dealer

Alternative Titles:

  • Sharebroker
  • Stockbroker

Buys and sells stocks and bonds on behalf of clients. Registration or licensing is required.

Skill Level:

  • 1 Australia
  • 2 New Zealand

Specialisation:

  • Trading Floor Operator (Stock Exchange)

222299 Financial Dealers nec

This occupation group covers Financial Dealers not elsewhere classified. Registration or licensing is required.

Skill Level:

  • 1 Australia
  • 2 New Zealand

Occupations in this group include:

  • Equities Analyst
Unit Group

2223 Financial Investment Advisers and Managers

Financial Investment Advisers and Managers develop financial plans for individuals and organisations, and invest and manage funds on their behalf.

Indicative Skill Level:

Most occupations in this unit group have a level of skill commensurate with the qualifications and experience outlined below.

In Australia:

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

In 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 Include:

  • interviewing prospective clients to determine financial status and objectives, discussing financial options and developing financial plans and investment strategies
  • monitoring investment performance, and reviewing and revising investment plans based on modified needs and changes in markets
  • recommending and arranging insurance cover for clients
  • arranging to buy and sell stocks and bonds for clients
  • advising on investment strategies, sources of funds and the distribution of earnings
  • setting financial objectives, and developing and implementing strategies for achieving the financial objectives
  • managing funds raised from personal superannuation savings policies and unit trusts
  • assisting in meeting superannuation compliance requirements
  • directing the collection of financial, accounting and investment information and the preparation of budgets, reports, forecasts and statutory returns
  • may refer clients to other organisations to obtain services outlined in financial plans

Occupations:

  • 222311 Financial Investment Adviser
  • 222312 Financial Investment Manager

222311 Financial Investment Adviser

Alternative Title:

  • Financial Planning Adviser

Develops and implements financial plans for individuals or organisations, and advises on investment strategies and their taxation implications, securities, insurance, pension plans and real estate. Registration or licensing is required.

Skill Level:

  • 1 Australia
  • 2 New Zealand

222312 Financial Investment Manager

Alternative Title:

  • Portfolio Manager

Invests and manages sums of money and assets on behalf of others over an agreed period of time, in order to generate income and profit. Registration or licensing is required.

Skill Level:

  • 1 Australia
  • 2 New Zealand

Specialisations:

  • Superannuation Funds Manager
  • Unit Trust Manager