Financial Dealers NEC ANZSCO Code: 222299
Group B
Financial Dealers trade on the financial markets on their customers’ behalf. Financial Dealers nec includes Financial Dealers who ANZSCO does not else categorize. They often provide services such as market analysis, investment advice, and execution of trades to help clients achieve their financial goals.
Occupation Descriptions
Financial Dealers trade on the financial markets on their customers’ behalf. Financial Dealers nec includes Financial Dealers who ANZSCO does not else categorize.
Occupations considered suitable under this ANZSCO code:
- Equities Analyst
Occupations not considered suitable under this ANZSCO code:
- 222211 Financial Market Dealer
- 222212 Futures Trader
- 222213 Stockbroking Dealer
- 222112 Finance Broker
These jobs do not require the necessary skill level or are categorized elsewhere in ANZSCO.
Financial Dealers nec is a VETASSESS Group B occupation.
The education required for this position is equivalent to a Bachelor’s degree from the Australian Qualifications Framework (AQF).
There are four methods by which applicants can meet the evaluation requirements for this occupation.
An applicant must have at least one year of highly relevant work at the required skill level within the last five years if employment occurs before attaining the certification at the requisite level. The final five years of pre-qualification could fall within the past ten years.
A favourable result of the Skills Assessment is dependent upon a positive evaluation of the degree of qualification and duration of employment.
Extra qualifications equivalent to the following levels in a highly relevant field of study include:
- AQF Diploma
- AQF Advanced Diploma
- AQF Associate Degree or
- AQF Graduate Diploma
Those with a bachelor’s degree or above include:
- AQF Master’s Degree or
- AQF Doctoral Degree
duration of highly relevant paid work (20 hours or more per week)
A minimum of three years of highly relevant work experience in the specified occupation, accomplished within five years before the date of application for a skills assessment at an appropriate skill level.
Four minimum six years of relevant work experience are needed; these must include at least one year of highly relevant work completed in the five years before applying, in addition to five years of relevant work (which may be outside of the most recent five years).
Qualification and Employment Criteria
Qualification
AQF A bachelor’s degree or above
Qualifications evaluated at the AQF Bachelor, Master, and Doctorate levels are included.
Majors in statistics, physics, engineering, mathematics, and information and communications technology may be eligible for a full skills assessment if the job is considered highly relevant and the applicant’s field of study is relevant to their position.
HIGHLY RELEVANT MAJOR FIELDS OF STUDY INCLUDE:
- Finance
- Business
- Commerce
- Accounting
- Economics
- Actuarial Studies
Employment
Financial dealers in ANZSCO Unit Group 2222 are very relevant for the following tasks, among others:
- Acquiring data on securities, market trends, governmental laws, and customer financial situations.
- Analyzing information from financial magazines, securities reports, and stock quote viewer screens.
- Evaluating financial markets and their associated goods.
- Supplying data and guidance on issues related to the financial markets, the current condition of the economy, and the background, including prospects for businesses.
- Executing purchase and sell orders for customers in the marketplace.
- Providing clients with trade data, such as the quantity and price of contracts purchased and sold.
- Monitor market fluctuations and futures prices and place bids on futures commodities contracts.
- Recording and sending orders for purchases and sales.
- Keeping track of and calculating transaction expenses.
The duties carried out by an Equities Analyst are distinct from those mentioned under this Unit Group and may include but are not limited to:
- Examining company public records to forecast future financial performance.
- Preparing financial reports on businesses and providing investment potential descriptions using financial ratings (buy, sell, hold, etc.).
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Employment information
Candidates must have employment and qualifications that do not better fit under any other ANZSCO code to be nominated under the “not elsewhere classified” (NEC) code.
Financial dealers differ from other jobs in ANZSCO, such as finance broker, stockbroking dealer, futures Trader, and financial market dealer.
An equity analyst researches and evaluates businesses to determine their total financial value. By carefully examining financial statements and speaking with business executives and other experts in the field, analysts may determine the economic worth of a company. They are divided into two groups: sell-side and buy-side analysts.
Some employers hire equity analysts for Securities, banks, mutual funds, hedge funds, pension funds, and insurance companies. Since analysts examine a company’s value, they can decide whether or not to classify it as a risky investment.
Equities analysts consider a company’s future value in addition to its current financial worth. Financial statements, sales, cost, and tax data may be used to make decisions. Analysts may also speak with management to better understand the entire financial situation.
Supporting material for assessment
When applying for a skills assessment, please provide enough documentation to back up your employment claims, qualifications, and identity proof. Following VETASSESS documentation standards, applicants nominating this occupation must submit supporting paperwork (see List of Required Documents).
The reasoning behind selecting a “nec” category should be stated in a cover letter that you submit.
The VETASSESS Skills Assessment for migration purposes differs from an assessment for licensing or registration purposes; however, if you have any relevant licenses, including foreign ones, you are encouraged to submit copies of these.
You should also list any relevant courses you’ve done for professional development or training. The attached Curriculum Vitae/Resume may have more information about these.
Not Elsewhere Classified (NEC)
A few VETASSESS-assessed jobs are marked as “nec,” or “not elsewhere classified.” Ensure that your work history and credentials are highly relevant to one of the occupation titles included in the ANZSCO description for the specific occupation if you nominate someone in one of these roles. If further specific profession titles are relevant to the “nec” codes and unavailable elsewhere in ANZSCO, they will be considered individually. Your occupation would typically be designated as non-classified but specialized or connected to its ANZSCO Unit Group description to be evaluated against a “nec” code.
It is unacceptable for your job in these selected occupations to better fit another ANZSCO code (whether or not VETASSESS has assessed it). You should analyze the sub-major group description and decide whether your talents best fit this category before nominating a “nec” occupation.
To determine whether an employment can be considered highly relevant to the classification, VETASSESS performs a case-by-case evaluation. Regardless of whether the occupation is open for immigration, the duration of your employment cannot be appropriately evaluated against a “nec” classification if it is substantially relevant to another ANZSCO occupation.
A cover letter supporting your decision to use a “nec” category should be included.
How to apply
If you’re a professional considering moving to Australia, there’s a good chance you’ll need to undergo assessment by us. We evaluate 360 different professional occupations, assessing your skills, experience, and qualifications.
1. Find
Find the VETASSESS occupation that best matches your abilities and experience.
2. Match
Match your skills and experience to your chosen occupation.
3. Prepare
Get ready to apply by preparing all the information and documents you need.
4. Apply
Apply online when you’re ready. If you’re still unsure, skills assessment support is available when you need it.