Bank teller to financial markets back office administrator
A bank teller already meets 56% of what the financial markets back office administrator role asks for. The move turns on 5 required skills not yet in the profile.
43.5/ 100
1 How much of what a financial markets back office administrator is expected to do is already part of a bank teller’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 markets back office administrator role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
A financial markets back office administrator role treats 8 of its required skills as things a bank teller already does. You would walk in with these on day one.
- banking activities
- customer service
- electronic communication
- financial markets
- financial products
- handle financial transactions
What stands in the way is 5 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 15 skills that carry over, these are the ones fewest other occupations ask for. A financial markets back office administrator role needs them, and most people applying for one will not have them already. This is the part of a bank teller background worth leading with.
- already held foreign valuta business, administration and law
- already held provide financial product information communication, collaboration and creativity
- already held electronic communication engineering, manufacturing and construction
- already held maintain records of financial transactions information skills
- already held trace financial transactions information skills
- already held financial markets business, administration and law
All 15 carried skills, including the 8 the financial markets back office administrator role treats as required.
Table 3 · What you may need to learn
The 14 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 manage administrative systems required
- still to learn handle paperwork required
- optional, not held manage securities trading optional
- still to learn office administration required
- optional, not held commercial law optional
- optional, not held international commercial transactions rules optional
- optional, not held accounting optional
- optional, not held stock market optional
- still to learn manage contracts required
- optional, not held trade foreign currencies optional
- optional, not held communicate with banking professionals optional
- optional, not held trade securities optional
- still to learn office software required
- optional, not held statistics optional
Table 4 · Where to start
The 3 entries a financial markets back office administrator role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 manage administrative systems practise this
- 02 office administration study this
- 03 handle paperwork 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 15 skills that carry over
- already held banking activities knowledge
- already held customer service knowledge
- already held electronic communication knowledge
- already held financial markets knowledge
- already held financial products knowledge
- already held handle financial transactions skill
- already held maintain records of financial transactions skill
- already held perform clerical duties skill
- already held actuarial science knowledge
- already held economics knowledge
- already held financial jurisdiction knowledge
- already held foreign valuta knowledge
- already held provide financial product information skill
- already held securities knowledge
- already held trace financial transactions skill
9 supplementary skills, helpful but not required
- optional, not held commercial law optional
- optional, not held international commercial transactions rules optional
- optional, not held manage securities trading optional
- optional, not held trade foreign currencies optional
- optional, not held accounting optional
- optional, not held communicate with banking professionals optional
- optional, not held statistics optional
- optional, not held stock market optional
- optional, not held trade securities optional
26 held skills the financial markets back office administrator role does not ask for
- not needed by the target role accounting techniques knowledge
- not needed by the target role advise on financial matters skill
- not needed by the target role archive documentation related to work skill
- not needed by the target role attach accounting certificates to accounting transactions skill
- not needed by the target role communicate with customers skill
- not needed by the target role convert currency skill
- not needed by the target role core banking software knowledge
- not needed by the target role create a financial report skill
- not needed by the target role ensure proper document management skill
- not needed by the target role ensure safe transport of money skill
- not needed by the target role guarantee customer satisfaction skill
- not needed by the target role health and safety regulations knowledge
- not needed by the target role maintain customer records skill
- not needed by the target role maintain financial records skill
- not needed by the target role manage bank vault skill
- not needed by the target role manage digital archives skill
- not needed by the target role manage vault access skill
- not needed by the target role obtain financial information skill
- not needed by the target role offer financial services skill
- not needed by the target role operate financial instruments skill
- not needed by the target role operate money-processing machine skill
- not needed by the target role order supplies skill
- not needed by the target role prepare financial statements skill
- not needed by the target role process payments skill
- not needed by the target role produce statistical financial records skill
- not needed by the target role protect client interests skill
7 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 office administration required
- still to learn office software required
- optional, not held commercial law optional
- optional, not held international commercial transactions rules optional
- optional, not held accounting optional
- optional, not held statistics optional
- optional, not held stock market optional
Common questions about this move
Can a bank teller become a financial markets back office administrator?
Yes, and it is a moderate move. A bank teller already covers 56% of what a financial markets back office administrator is expected to do: 15 skills carry over, 8 of which the financial markets back office administrator role treats as required.
What skills does a bank teller need to become a financial markets back office administrator?
5 required skills are missing, plus 9 optional ones. They fall into 5 areas of the ESCO skill hierarchy, led by management skills. The single most important is manage administrative systems.
How hard is the move from bank teller to financial markets back office administrator?
Its learning distance is 43.5 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.