Bank account manager to financial trader
A bank account manager already meets 49% of what the financial trader role asks for. The move turns on 7 required skills not yet in the profile.
52.1/ 100
1 How much of what a financial trader is expected to do is already part of a bank account manager’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 financial trader role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
A financial trader role treats 10 of its required skills as things a bank account manager already does. You would walk in with these on day one.
- advise on financial matters
- analyse market financial trends
- economics
- financial products
- handle financial transactions
- maintain records of financial transactions
What stands in the way is 7 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 14 skills that carry over, these are the ones fewest other occupations ask for. A financial trader role needs them, and most people applying for one will not have them already. This is the part of a bank account manager 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 communicate with banking professionals communication, collaboration and creativity
- already held protect client interests communication, collaboration and creativity
- already held financial products business, administration and law
All 14 carried skills, including the 10 the financial trader role treats as required.
Table 3 · What you may need to learn
The 21 missing skills fall into 5 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 cryptocurrency required
- still to learn financial jurisdiction required
- still to learn financial markets required
- optional, not held fundamental analysis optional
- optional, not held investment analysis optional
- optional, not held modern portfolio theory optional
- optional, not held stock market optional
- still to learn analyse economic trends required
- optional, not held assess risks of clients' assets optional
- optional, not held forecast economic trends optional
- optional, not held manage financial risk optional
- optional, not held monitor stock market optional
- optional, not held perform stock valuation optional
- still to learn communicate with customers required
- optional, not held advise on investment optional
- optional, not held review investment portfolios optional
- optional, not held trade securities optional
- still to learn operate financial instruments required
- optional, not held develop investment portfolio optional
- optional, not held make investment decisions optional
- still to learn actuarial science required
Table 4 · Where to start
The 3 entries a financial trader role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 actuarial science study this
- 02 cryptocurrency study this
- 03 analyse economic trends practise this
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 14 skills that carry over
- already held advise on financial matters skill
- already held analyse market financial trends skill
- already held economics knowledge
- already held financial products knowledge
- already held handle financial transactions skill
- already held maintain records of financial transactions skill
- already held obtain financial information skill
- already held offer financial services skill
- already held protect client interests skill
- already held provide financial product information skill
- already held banking activities knowledge
- already held communicate with banking professionals skill
- already held create a financial plan skill
- already held securities knowledge
14 supplementary skills, helpful but not required
- optional, not held advise on investment optional
- optional, not held fundamental analysis optional
- optional, not held investment analysis optional
- optional, not held assess risks of clients' assets optional
- optional, not held develop investment portfolio optional
- optional, not held forecast economic trends optional
- optional, not held make investment decisions optional
- optional, not held manage financial risk optional
- optional, not held modern portfolio theory optional
- optional, not held monitor stock market optional
- optional, not held perform stock valuation optional
- optional, not held review investment portfolios optional
- optional, not held stock market optional
- optional, not held trade securities optional
22 held skills the financial trader role does not ask for
- not needed by the target role advise on bank account skill
- not needed by the target role analyse financial performance of a company skill
- not needed by the target role apply technical communication skills skill
- not needed by the target role core banking software knowledge
- not needed by the target role corporate social responsibility knowledge
- not needed by the target role create banking accounts skill
- not needed by the target role customer service knowledge
- not needed by the target role electronic communication knowledge
- not needed by the target role enforce financial policies skill
- not needed by the target role ethics knowledge
- not needed by the target role financial analysis knowledge
- not needed by the target role financial management knowledge
- not needed by the target role financial statements knowledge
- not needed by the target role follow company standards skill
- not needed by the target role liaise with managers skill
- not needed by the target role plan health and safety procedures skill
- not needed by the target role produce statistical financial records skill
- not needed by the target role promote financial products skill
- not needed by the target role provide support in financial calculation skill
- not needed by the target role solve bank account problems skill
- not needed by the target role strive for company growth skill
- not needed by the target role trace financial transactions skill
8 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 actuarial science required
- still to learn cryptocurrency required
- still to learn financial jurisdiction required
- still to learn financial markets required
- optional, not held fundamental analysis optional
- optional, not held investment analysis optional
- optional, not held modern portfolio theory optional
- optional, not held stock market optional
Common questions about this move
Can a bank account manager become a financial trader?
Yes, and it is a moderate move. A bank account manager already covers 49% of what a financial trader is expected to do: 14 skills carry over, 10 of which the financial trader role treats as required.
What skills does a bank account manager need to become a financial trader?
7 required skills are missing, plus 14 optional ones. They fall into 5 areas of the ESCO skill hierarchy, led by business, administration and law. The single most important is actuarial science.
How hard is the move from bank account manager to financial trader?
Its learning distance is 52.1 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.