Back office specialist to foreign exchange cashier
A back office specialist already meets 41% of what the foreign exchange cashier role asks for. The move turns on 6 required skills not yet in the profile.
54.8/ 100
1 How much of what a foreign exchange cashier is expected to do is already part of a back office specialist’s work. Directional: the figure for the reverse move differs, because moving into a speciality is not the same problem as moving out of one. 2 Every skill the foreign exchange cashier role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
A foreign exchange cashier role treats 5 of its required skills as things a back office specialist already does. You would walk in with these on day one.
- banking activities
- handle financial transactions
- maintain records of financial transactions
- perform clerical duties
- provide financial product information
What stands in the way is 6 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.
Table 2 · What you already bring
Of the 9 skills that carry over, these are the ones fewest other occupations ask for. A foreign exchange cashier role needs them, and most people applying for one will not have them already. This is the part of a back office specialist background worth leading with.
- already held offer financial services communication, collaboration and creativity
- already held provide financial product information communication, collaboration and creativity
- already held maintain records of financial transactions information skills
- already held trace financial transactions information skills
- already held perform clerical duties management skills
- already held communicate with banking professionals communication, collaboration and creativity
All 9 carried skills, including the 5 the foreign exchange cashier role treats as required.
Table 3 · What you may need to learn
The 15 missing skills fall into 7 areas of the ESCO skill hierarchy, numbered in the order worth working in. Areas carrying the most required skills come first, and inside each one the required skills sit above the optional ones. Nothing here is a verdict on you: it is a list of what this particular job asks for that your current one does not.
- still to learn customer service required
- still to learn foreign valuta required
- optional, not held commercial law optional
- optional, not held financial jurisdiction optional
- optional, not held financial markets optional
- still to learn trade foreign currencies required
- optional, not held provide customers with price information optional
- optional, not held apply technical communication skills optional
- optional, not held communicate with customers optional
- still to learn maintain financial records required
- optional, not held process order forms with customer's information optional
- still to learn electronic communication required
- still to learn operate cash register required
- optional, not held provide customers with order information optional
1 further area in the appendix
Table 4 · Where to start
The 3 entries a foreign exchange cashier role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 9 skills that carry over
- already held banking activities knowledge
- already held handle financial transactions skill
- already held maintain records of financial transactions skill
- already held perform clerical duties skill
- already held provide financial product information skill
- already held communicate with banking professionals skill
- already held offer financial services skill
- already held statistics knowledge
- already held trace financial transactions skill
The 1 learning area not shown above
- optional, not held use IT tools optional
9 supplementary skills, helpful but not required
- optional, not held commercial law optional
- optional, not held process order forms with customer's information optional
- optional, not held provide customers with order information optional
- optional, not held provide customers with price information optional
- optional, not held apply technical communication skills optional
- optional, not held communicate with customers optional
- optional, not held financial jurisdiction optional
- optional, not held financial markets optional
- optional, not held use IT tools optional
26 held skills the foreign exchange cashier role does not ask for
- not needed by the target role advise on financial matters skill
- not needed by the target role apply company policies skill
- not needed by the target role business processes knowledge
- not needed by the target role comply with legal regulations skill
- not needed by the target role coordinate operational activities skill
- not needed by the target role financial management knowledge
- not needed by the target role financial products knowledge
- not needed by the target role handle paperwork skill
- not needed by the target role maintain contract administration skill
- not needed by the target role manage administrative systems skill
- not needed by the target role manage contracts skill
- not needed by the target role manage financial aspects of a company skill
- not needed by the target role manage loan administration skill
- not needed by the target role manage staff skill
- not needed by the target role monitor company policy skill
- not needed by the target role obtain financial information skill
- not needed by the target role office administration knowledge
- not needed by the target role office software knowledge
- not needed by the target role present reports skill
- not needed by the target role principles of insurance knowledge
- not needed by the target role process payments skill
- not needed by the target role project management knowledge
- not needed by the target role provide support in financial calculation skill
- not needed by the target role securities knowledge
- not needed by the target role use office systems skill
- not needed by the target role use spreadsheets software skill
6 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- still to learn customer service required
- still to learn foreign valuta required
- still to learn electronic communication required
- optional, not held commercial law optional
- optional, not held financial jurisdiction optional
- optional, not held financial markets optional
Common questions about this move
Can a back office specialist become a foreign exchange cashier?
Yes, and it is a moderate move. A back office specialist already covers 41% of what a foreign exchange cashier is expected to do: 9 skills carry over, 5 of which the foreign exchange cashier role treats as required.
What skills does a back office specialist need to become a foreign exchange cashier?
6 required skills are missing, plus 9 optional ones. They fall into 7 areas of the ESCO skill hierarchy, led by business, administration and law. The single most important is customer service.
How hard is the move from back office specialist to foreign exchange cashier?
Its learning distance is 54.8 out of 100, which is the moderate band. That accounts for both how much is missing and how specialised those skills are.
How this record was compiled
Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.