Financial Dealers Onboarding Checklist

Financial Dealers Onboarding Process

Are you looking for help setting up a staff orientation process so that when your new Financial Dealers starts their role, they can learn about their responsibilities and your company as quickly as possible? Whether you’re keen to use buddy onboarding, want to automate your Finance onboarding experience or just need an onboarding checklist for your new Financial Dealers, you’re in the right place. We’ve put together a sample Financial Dealers onboarding checklist below and have created onboarding templates & resources to help.

Financial Dealers Onboarding Checklist

1. Introduction to company policies and procedures: This task involves providing the new financial dealer with a comprehensive overview of the company’s policies and procedures. It includes familiarizing them with the code of conduct, compliance regulations, and any other relevant guidelines. The Human Resources department typically performs this task.

2. Introduction to the company’s organizational structure: The new financial dealer should be introduced to the company’s organizational structure, including the different departments, teams, and key personnel. This task helps them understand the reporting lines, communication channels, and who to reach out to for specific queries or assistance. The Human Resources department or a designated mentor typically performs this task.

3. Training on trading platforms and systems: Financial dealers need to be proficient in using various trading platforms and systems to execute trades and monitor market activities. This task involves providing comprehensive training on the company’s trading platforms, order management systems, and other relevant software. The company’s IT department or a designated trainer typically performs this task.

4. Understanding compliance and regulatory requirements: Financial dealers operate in a highly regulated industry, and it is crucial for them to understand and comply with the relevant regulations. This task involves providing training on compliance requirements, such as anti-money laundering (AML) regulations, know-your-customer (KYC) procedures, and market abuse regulations. The Compliance department typically performs this task.

5. Product and market knowledge training: Financial dealers need to have a deep understanding of the financial products they trade and the markets they operate in. This task involves providing comprehensive training on the company’s product offerings, market dynamics, and industry trends. The company’s research or trading desk, along with experienced traders, typically perform this task.

6. Shadowing experienced traders: To gain practical experience and learn the nuances of the job, new financial dealers should be given the opportunity to shadow experienced traders. This task involves pairing the new hire with a seasoned trader who can provide guidance, share insights, and demonstrate effective trading strategies. Experienced traders or the trading desk typically perform this task.

7. Setting performance goals and expectations: It is important to set clear performance goals and expectations for new financial dealers. This task involves discussing key performance indicators, targets, and expectations with the new hire. It helps align their objectives with the company’s goals and ensures they understand what is expected of them. The hiring manager or team leader typically performs this task.

8. Introduction to risk management practices: Financial dealers need to have a strong understanding of risk management practices to mitigate potential losses. This task involves providing training on risk assessment, position sizing, stop-loss strategies, and other risk management techniques. The Risk Management department or experienced traders typically perform this task.

9. Familiarization with compliance monitoring and reporting: Financial dealers are often required to monitor and report trading activities to ensure compliance with regulations. This task involves providing training on compliance monitoring tools, reporting procedures, and record-keeping requirements. The Compliance department or a designated trainer typically performs this task.

10. Introduction to company culture and values: To foster a sense of belonging and alignment with the company, new financial dealers should be introduced to the company’s culture and values. This task involves sharing information about the company’s mission, vision, core values, and any unique aspects of the organizational culture. The Human Resources department or a designated mentor typically performs this task.

11. Networking and relationship building: Building relationships within the company and industry is crucial for financial dealers. This task involves facilitating networking opportunities, such as introducing the new hire to colleagues, organizing team-building activities, and encouraging participation in industry events or conferences. The Human Resources department or team leaders typically perform this task.

12. Ongoing professional development: Continuous learning and professional development are essential for financial dealers to stay updated with industry trends and enhance their skills. This task involves providing access to training programs, webinars, conferences, and other learning resources. The Human Resources department or the Learning and Development team typically performs this task.

13. Performance feedback and evaluation: Regular performance feedback and evaluation sessions are important to help financial dealers track their progress and identify areas for improvement. This task involves conducting performance reviews, providing constructive feedback, and setting development goals. The hiring manager or team leader typically performs this task.

14. Introduction to company benefits and perks: To ensure the new financial dealer is aware of the company’s benefits and perks, this task involves providing information on healthcare plans, retirement savings options, vacation policies, and any other employee benefits. The Human Resources department typically performs this task.

15. Introduction to company technology and communication tools: Financial dealers need to be familiar with the company’s technology infrastructure and communication tools. This task involves providing training on email systems, instant messaging platforms, video conferencing tools, and any other relevant software. The IT department or a designated trainer typically performs this task

Setting Up Your Employee Onboarding Process

From reading through the items in the example Financial Dealers checklist above, you’ll now have an idea of how you can apply best practices to getting your new Financial Dealers up to speed and working well in your Finance team. Scroll up to see the link to our onboarding templates & resources or get in touch to discuss getting help setting up your systems and processes in this area.