Dealer (Broking Industry)

15 hours ago

Chennai, Tamil Nadu, India Zigsaw Full time ₹ 3,00,000 - ₹ 5,50,000 per year
Job Profile: Dealer (Broking Industry) Experience: Minimum 6 months of experience in any broking industry with firms like Motilal Oswal Securities, Kotak Securities, HDFC Securities, Religare Securities, Anand Rathi, Edelweiss Broking, IIFL, Sharekhan, Angel Broking, ICICI Securities, Axis Securities, etc. Education Qualification: Graduation years Mandatory) Languages: Proficiency in the local language (depending on the location) and English or Hindi. Age: Below 40 years. CTC: The salary ranges from 3 Lacs to 5.5 Lacs per annum, depending on the candidate's experience and potential. Certification: Mandatory NISM 8 Certification - Equity Derivative. Location: The job openings are available in various cities, including Chennai, Mumbai, Hyderabad, Kolkata, Allahabad, Chandigarh, Delhi, Jaipur, Jodhpur, Kanpur, Lucknow, Ludhiana, Bangalore, Cochin, Coimbatore, Madurai, Vijayawada, Vishakapatnam, Ahmedabad, Indore, Nagpur, Pune, and Surat. Job Description:
  1. New Client Acquisition with big-ticket Margin: The dealer is responsible for acquiring new clients who can bring in substantial trading volume (Minimum 1 Lac per Client) to generate brokerage for the company.
  2. Advising clients on Equity and Derivative Investments: The dealer provides guidance and recommendations to clients regarding their investments in the equity and derivative markets to encourage more trading activity.
  3. Placing Orders on Behalf of Clients: The dealer performs order execution on trading terminals on behalf of clients, ensuring smooth and timely transactions.
  4. Promoting Online Trading: The dealer encourages clients to use online platforms (Mobile, Web, and Exe) for trading, making it more convenient for them and increasing trading volumes.
  5. Building Client Relationships and Education: Developing and maintaining long-term relationships with clients is crucial. Dealers also educate clients on various investment opportunities.
  6. Cross-Selling: Dealers have the opportunity to cross-sell other financial products and services to clients to enhance their investment portfolio.
  7. Achieving Targets: The dealer has specific targets related to new client acquisition and brokerage generation, which they are expected to achieve.
  8. Reactivation of Dormant Clients: Bringing back dormant clients into active trading is one of the responsibilities of the dealer.
  9. Ensuring Compliance: The dealer ensures adherence to surveillance risk and deal desk processes to maintain regulatory compliance.
Other Earning Opportunities for Dealers:
  1. Monthly Dealer Incentive Scheme: Dealers have the potential to earn up to 3 times their monthly CTC based on their performance and achievement slabs.
  2. Monthly New Client Acquisition Incentive: Additional incentives are provided for acquiring new clients on a monthly basis.
  3. Contest Incentive: Participating in contests and achieving set targets can result in additional incentives.
  4. Dealer Career Progression: A structured career path is provided for the dealer cadre. Overachieving targets can lead to increments and promotions twice a year.
This job profile requires individuals with a strong understanding of the financial markets, excellent communication skills, and the ability to build and maintain client relationships. The NISM 8 Certification is mandatory as it ensures that the dealer is well-versed in equity derivatives.

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