Financial auditor to bank account manager
A financial auditor already meets 39% of what the bank account manager role asks for. The move turns on 14 required skills not yet in the profile.
63.4/ 100
1 How much of what a bank account manager is expected to do is already part of a financial auditor’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 bank account manager role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
A bank account manager role treats 8 of its required skills as things a financial auditor already does. You would walk in with these on day one.
- advise on financial matters
- analyse financial performance of a company
- banking activities
- core banking software
- financial analysis
- financial management
What stands in the way is 14 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 bank account manager role needs them, and most people applying for one will not have them already. This is the part of a financial auditor background worth leading with.
- already held core banking software information and communication technologies (icts)
- already held produce statistical financial records information skills
- already held provide support in financial calculation information skills
- already held financial analysis business, administration and law
- already held maintain records of financial transactions information skills
- already held trace financial transactions information skills
All 15 carried skills, including the 8 the bank account manager role treats as required.
Table 3 · What you may need to learn
The 21 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 advise on bank account required
- still to learn offer financial services required
- still to learn solve bank account problems required
- still to learn apply technical communication skills required
- still to learn liaise with managers required
- still to learn protect client interests required
- still to learn provide financial product information required
- optional, not held promote financial products optional
- still to learn create banking accounts required
- still to learn create a financial plan required
- still to learn enforce financial policies required
- optional, not held handle financial transactions optional
- optional, not held plan health and safety procedures optional
- optional, not held strive for company growth optional
- still to learn corporate social responsibility required
- optional, not held customer service optional
- optional, not held securities optional
- still to learn ethics required
- still to learn follow company standards required
- still to learn electronic communication required
1 further area in the appendix
Table 4 · Where to start
The 3 entries a bank account manager role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 advise on bank account practise this
- 02 corporate social responsibility study this
- 03 create banking accounts 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 advise on financial matters skill
- already held analyse financial performance of a company skill
- already held banking activities knowledge
- already held core banking software knowledge
- already held financial analysis knowledge
- already held financial management knowledge
- already held financial statements knowledge
- already held provide support in financial calculation skill
- already held communicate with banking professionals skill
- already held economics knowledge
- already held financial products knowledge
- already held maintain records of financial transactions skill
- already held obtain financial information skill
- already held produce statistical financial records skill
- already held trace financial transactions skill
The 1 learning area not shown above
- optional, not held analyse market financial trends optional
7 supplementary skills, helpful but not required
- optional, not held customer service optional
- optional, not held promote financial products optional
- optional, not held analyse market financial trends optional
- optional, not held handle financial transactions optional
- optional, not held plan health and safety procedures optional
- optional, not held securities optional
- optional, not held strive for company growth optional
45 held skills the bank account manager role does not ask for
- not needed by the target role accounting knowledge
- not needed by the target role accounting department processes knowledge
- not needed by the target role accounting entries knowledge
- not needed by the target role accounting techniques knowledge
- not needed by the target role advise on credit rating skill
- not needed by the target role advise on tax planning skill
- not needed by the target role analyse financial risk skill
- not needed by the target role arrange audit skill
- not needed by the target role check accounting records skill
- not needed by the target role commercial law knowledge
- not needed by the target role conduct financial audits skill
- not needed by the target role control financial resources skill
- not needed by the target role corporate law knowledge
- not needed by the target role develop audit plan skill
- not needed by the target role develop financial statistics reports skill
- not needed by the target role disseminate information on tax legislation skill
- not needed by the target role ensure compliance with accounting conventions skill
- not needed by the target role ensure compliance with disclosure criteria of accounting information skill
- not needed by the target role evaluate budgets skill
- not needed by the target role financial department processes knowledge
- not needed by the target role financial jurisdiction knowledge
- not needed by the target role follow the statutory obligations skill
- not needed by the target role fraud detection knowledge
- not needed by the target role identify accounting errors skill
- not needed by the target role identify if a company is a going concern skill
- not needed by the target role insolvency law knowledge
- not needed by the target role inspect tax returns skill
- not needed by the target role internal auditing knowledge
- not needed by the target role international financial reporting standards knowledge
- not needed by the target role international tariffs knowledge
- not needed by the target role interpret financial statements skill
- not needed by the target role joint ventures knowledge
- not needed by the target role liaise with shareholders skill
- not needed by the target role maintain financial records skill
- not needed by the target role maintain trusts skill
- not needed by the target role make strategic business decisions skill
- not needed by the target role mergers and acquisitions knowledge
- not needed by the target role monitor banking activities skill
- not needed by the target role national generally accepted accounting principles knowledge
- not needed by the target role observe confidentiality skill
5 further entries not listed here
5 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 corporate social responsibility required
- still to learn electronic communication required
- still to learn ethics required
- optional, not held customer service optional
- optional, not held securities optional
Other moves recorded from financial auditor
- audit supervisor 61% covered · moderate
- financial fraud examiner 57% covered · moderate
- accounting analyst 54% covered · moderate
- bank treasurer 54% covered · moderate
- financial controller 53% covered · moderate
- accounting manager 46% covered · substantial
- accountant 46% covered · substantial
- bookkeeper 41% covered · substantial
Common questions about this move
Can a financial auditor become a bank account manager?
Yes, and it is a substantial move. A financial auditor already covers 39% of what a bank account manager is expected to do: 15 skills carry over, 8 of which the bank account manager role treats as required.
What skills does a financial auditor need to become a bank account manager?
14 required skills are missing, plus 7 optional ones. They fall into 7 areas of the ESCO skill hierarchy, led by communication, collaboration and creativity. The single most important is advise on bank account.
How hard is the move from financial auditor to bank account manager?
Its learning distance is 63.4 out of 100, which is the substantial 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.