Also called: Registered Sales Assistant, Sales Assistant, Sales Trader, Trading Assistant
Produced by CareerOneStop
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Wading through the frenzy of the trading floor, or surrounded by computers humming miles away from Wall Street, brokerage clerks track the progress of every player in the game of high finance. Their wide-ranging responsibilities in this growing field all involve computing and recording data on securities transactions. The most common type of brokerage clerk is called the Broker's assistant or sales assistant. This clerk interfaces with clients and handles the paperwork for securities purchases and sales and other account records. They're knowledgeable about investment products and can explain them clearly. Other brokerage clerks specialize in tracking and organizing the sales and purchases of every stock, bond, commodity or other investment product offered by a securities firm. It's all managed by customized computer software. A high school diploma can suffice for brokerage clerk positions that are primarily clerical. A bachelor's degree is preferred for job categories requiring a deeper understanding of finance. Many brokerage firms hire college graduates for entry-level clerical jobs and promote them into management positions as their skills develop. This is a field that requires focus, confidence, financial savvy, communications skills and energy.
What they do:Perform duties related to the purchase, sale or holding of securities. Duties include writing orders for stock purchases or sales, computing transfer taxes, verifying stock transactions, accepting and delivering securities, tracking stock price fluctuations, computing equity, distributing dividends, and keeping records of daily transactions and holdings.
On the job, you would:
- Correspond with customers and confer with coworkers to answer inquiries, discuss market fluctuations, or resolve account problems.
- Document security transactions, such as purchases, sales, conversions, redemptions, or payments, using computers, accounting ledgers, or certificate records.
- File, type, or operate standard office machines.
Arts and Humanities
- English language
- customer service
- accounting and economics
Math and Science
- arithmetic, algebra, geometry, calculus, or statistics
Engineering and Technology
- computers and electronics
- listening to others, not interrupting, and asking good questions
- talking to others
- noticing a problem and figuring out the best way to solve it
- listen and understand what people say
- communicate by speaking
- add, subtract, multiply, or divide
- choose the right type of math to solve a problem
Ideas and Logic
- order or arrange things
- notice when problems happen
People interested in this work like activities that include data, detail, and regular routines.
They do well at jobs that need:
- Attention to Detail
- Analytical Thinking
- Stress Tolerance
You might use software like this on the job:
Desktop communications software
- Online trading software
- WiredRed Software e/pop Basic
Customer relationship management CRM software
- HEAT Software GoldMine
- Royal Alliance VISION2020 Core
Data base user interface and query software