Brokerage firm directors organise the activities and the people involved in securities trading. They envision strategies aimed at increasing the efficiency of asset trading with a focus on profitability. They may also advise clients on appropriate trades.
ISCO skill level is defined as a function of the complexity and range of tasks and duties to be performed in an occupation. It is measured on a scale from 1 to 4, with 1 the lowest level and 4 the highest, by considering:
the nature of the work performed in an occupation in relation to the characteristic tasks and duties
the level of formal education required for competent performance of the tasks and duties involved and
the amount of informal on-the-job training and/or previous experience in a related occupation required for competent performance of these tasks and duties.
Brokerage firm director is a Skill level 4 occupation.
These occupations require some skills and knowledge of brokerage firm director. They also require other skills and knowledge, but at a higher ISCO skill level, meaning these occupations are accessible from a position of brokerage firm director with a significant experience and/or extensive training.
This knowledge should be acquired through learning to fulfill the role of brokerage firm director.
Risk transfer: The financial techniques aimed at avoiding damaging financially a business and instead, protect it in its operations. It is the operation of transferring liabilities and claims to third parties that have the financial muscle and specialise in bundling and managing risks in scale. 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. Strategic planning: The elements defining the foundation and core of an organisation such as its mission, vision, values, and objectives. Security of assets legislation: The current relevant legislation, regulations and codes of practice in the field of protecting private and public assets.
These skills are necessary for the role of brokerage firm director.
Explain financial technicalities to clients: Explain all details of financial products in plain words to clients, including financial terms and all costs. Manage securities: Administer the securities owned by the company or organisation, namely debt securities, equity securities and derivatives aiming to get the highest benefit from them. Manage clients’ money matters: Pay the clients’ bills and make sure that all other financial matters are properly managed. Assess risks of clients’ assets: Identify, evaluate and determine the actual and potential risks of your clients’ assets, considering confidentiality standards. 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. Manage securities trading: Administer and control the sale and purchase of tradable financial products such as equity and debt securities. 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. Manage a team: Ensure clear and effective channels of communication across all departments within the organisation and support functions, both internally and externally ensuring that the team is aware of the standards and objectives of the department/business unit. Implement the disciplinary and grievance procedures as required ensuring that a fair and consistent approach to managing performance is consistently achieved. Assist in the recruitment process and manage, train and motivate employees to achieve/exceed their potential using effective performance management techniques. Encourage and develop a team ethic amongst all employees. Advise on security risk management: Provide advice on security risk management policies and prevention strategies and their implementation, being aware of the different kinds of security risks a specific organisation faces.
This knowledge is sometimes, but not always, required for the role of brokerage firm director. However, mastering this knowledge allows you to have more opportunities for career development.
Banking activities: The broad and continuously growing banking activities and financial products managed by banks ranging from personal banking, corporate banking, investment banking, private banking, up to insurance, foreign exchange trading, commodity trading, trading in equities, futures and options trading. Financial engineering: The finance theory field that addresses the combination of applied mathematics, computer science, and financial theory aimed at calculating and forecasting different financial variables ranging from the creditworthiness of a debtor up to the performance of securities in the stock market. Economics: Economic principles and practices, financial and commodity markets, banking and the analysis of financial data. Financial markets: The financial infrastructure which permits trading securities offered by companies and individuals govern by regulatory financial frameworks. Financial analysis: The process of assessing the financial possibilities, means, and status of an organisation or individual by analysing financial statements and reports in order to make well informed business or financial decisions. Trading law: Field of law that states and regulates the affairs and legal practices for trading goods and services.
These skills and competences are sometimes, but not always, required for the role of brokerage firm director. However, mastering these skills and competences allows you to have more opportunities for career development.
Perform stock valuation: Analyse, calculate and appraise the value of the stock of a company. Use mathematic and logarithm in order to determine the value in consideration of different variables. Interpret business information: Retrieve and analyse different kinds of information with regards to the management of a business in order to draw conclusions on projects, strategies, and developments. Implement hedging strategies for clients: Implement strategies for clients in order to reduce the risks of an investment. Analyse economic trends: Analyse developments in national or international trade, business relations, banking, and developments in public finance and how these factors interact with one another in a given economic context. Liaise with shareholders: Communicate and serve as communication point with shareholders in order to provide an overview on their investments, returns, and long-term plans of the company to increase profitability. Negotiate on asset value: Negotiate with asset owners or parties involved in handling the asset on the monetary value of the asset for selling, insurance, usage as collatoral, or other purposes, in order to secure the most financially beneficial agreement for the client. Advise on social security benefits: Advise citizens on government-regulated benefits they are eligible for, such as unemployment benefits, family benefits, and other social security benefits.
