Scrip Clerk (Stockbroking) Onboarding Checklist

Scrip Clerk (Stockbroking) Onboarding Process

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

Scrip Clerk (Stockbroking) Onboarding Checklist

1. Introduction to company policies and procedures: The Scrip Clerk should receive a comprehensive overview of the company’s policies and procedures, including compliance regulations, trading protocols, and data security measures. This task is typically performed by the Compliance Officer or Human Resources department.

2. Familiarization with trading platforms: The Scrip Clerk needs to become proficient in using the company’s trading platforms, such as Bloomberg Terminal or other proprietary systems. This task is usually conducted by a Senior Trader or a designated IT specialist.

3. Understanding market terminology: The Scrip Clerk should be provided with training on financial market terminology, including common stock market jargon, trading terms, and abbreviations. This task is often performed by a Senior Trader or a designated mentor.

4. Learning trade settlement processes: The Scrip Clerk needs to understand the trade settlement process, including the steps involved in confirming and reconciling trades, managing trade discrepancies, and ensuring timely settlement. This task is typically overseen by the Settlements Department or a designated Settlements Officer.

5. Familiarization with regulatory requirements: The Scrip Clerk should receive training on the regulatory requirements specific to the finance industry, such as anti-money laundering (AML) regulations, know-your-customer (KYC) procedures, and market surveillance protocols. This task is usually conducted by the Compliance Officer or a designated Compliance Specialist.

6. Introduction to research and analysis tools: The Scrip Clerk should be introduced to research and analysis tools commonly used in the finance industry, such as financial databases, news platforms, and analytical software. This task is often performed by a Research Analyst or a designated mentor.

7. Understanding client onboarding processes: The Scrip Clerk should learn the procedures for onboarding new clients, including the necessary documentation, client profiling, and account opening processes. This task is typically overseen by the Client Onboarding Department or a designated Client Onboarding Specialist.

8. Training on risk management practices: The Scrip Clerk should receive training on risk management practices, including identifying and mitigating potential risks, monitoring trading limits, and adhering to risk management policies. This task is usually conducted by the Risk Management Department or a designated Risk Manager.

9. Introduction to compliance monitoring: The Scrip Clerk should understand the importance of compliance monitoring and the procedures for reporting any suspicious activities or potential breaches of regulations. This task is often overseen by the Compliance Officer or a designated Compliance Specialist.

10. Shadowing experienced colleagues: The Scrip Clerk should have the opportunity to shadow experienced colleagues in various departments, such as Trading, Settlements, Research, and Compliance, to gain practical insights into their roles and responsibilities. This task is typically organized by the Human Resources department in collaboration with the respective department heads

Setting Up Your Employee Onboarding Process

From reading through the items in the example Scrip Clerk (Stockbroking) checklist above, you’ll now have an idea of how you can apply best practices to getting your new Scrip Clerk (Stockbroking) 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.