Financial Market Dealer Onboarding Checklist

Financial Market Dealer Onboarding Process

Are you looking for help setting up a staff orientation process so that when your new Financial Market Dealer 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 Market Dealer, you’re in the right place. We’ve put together a sample Financial Market Dealer onboarding checklist below and have created onboarding templates & resources to help.

Financial Market Dealer Onboarding Checklist

1. Introduction to company policies and procedures: The new financial market dealer should be provided with a comprehensive overview of the company’s policies and procedures. This includes understanding the code of conduct, compliance regulations, and any specific guidelines related to trading activities. The Human Resources department or Compliance team typically handles this task.

2. Familiarization with trading platforms and systems: As a financial market dealer, it is crucial to be well-versed in the trading platforms and systems used by the company. The new hire should receive training on how to navigate these platforms, execute trades, monitor market data, and analyze trends. The IT department or a designated trading systems specialist would typically handle this task.

3. Understanding risk management protocols: Risk management is a critical aspect of financial market dealing. The new dealer should receive training on the company’s risk management protocols, including setting risk limits, monitoring exposure, and implementing hedging strategies. The Risk Management department or a designated risk officer would typically handle this task.

4. Learning about market research and analysis: Financial market dealers need to stay updated on market trends, economic indicators, and news that may impact trading decisions. The new hire should be introduced to the company’s research and analysis resources, including access to market reports, economic calendars, and research tools. The Research department or a designated research analyst would typically handle this task.

5. Shadowing experienced traders: To gain practical experience and learn the nuances of financial market dealing, the new hire should have the opportunity to shadow experienced traders. This allows them to observe real-time trading activities, understand trading strategies, and learn how to manage client relationships. Senior traders or mentors within the company would typically handle this task.

6. Understanding compliance and regulatory requirements: Financial market dealers operate within a highly regulated industry. The new hire should receive training on compliance and regulatory requirements, such as anti-money laundering (AML) regulations, know-your-customer (KYC) procedures, and reporting obligations. The Compliance department or a designated compliance officer would typically handle this task.

7. Building relationships with key stakeholders: Financial market dealers often work closely with various internal and external stakeholders, including clients, brokers, and other market participants. The new hire should be encouraged to network and build relationships with these stakeholders to enhance their understanding of the market and develop a client base. The Sales or Business Development department would typically assist in this task.

8. Participating in team meetings and training sessions: To foster collaboration and continuous learning, the new financial market dealer should be encouraged to participate in team meetings and training sessions. These sessions provide opportunities to discuss market trends, share insights, and learn from colleagues’ experiences. The Trading or Sales department would typically organize these meetings and training sessions.

9. Setting performance goals and expectations: Clear performance goals and expectations should be established for the new financial market dealer. This includes setting targets for trading volumes, profitability, client acquisition, and adherence to risk management protocols. The manager or team leader would typically handle this task in coordination with the Human Resources department.

10. Ongoing professional development: Financial markets are dynamic, and it is essential for financial market dealers to continuously update their knowledge and skills. The new hire should be encouraged to pursue ongoing professional development opportunities, such as attending industry conferences, completing relevant certifications, or participating in webinars. The Human Resources department or the manager would typically support and facilitate this task

Setting Up Your Employee Onboarding Process

From reading through the items in the example Financial Market Dealer checklist above, you’ll now have an idea of how you can apply best practices to getting your new Financial Market Dealer 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.