Financial auditor to bank treasurer
A financial auditor already meets 54% of what the bank treasurer role asks for. The move turns on 11 required skills not yet in the profile.
52/ 100
1 How much of what a bank treasurer 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 treasurer role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
A bank treasurer role treats 14 of its required skills as things a financial auditor already does. You would walk in with these on day one.
- accounting
- accounting techniques
- advise on financial matters
- analyse financial performance of a company
- conduct financial audits
- economics
What stands in the way is 11 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 24 skills that carry over, these are the ones fewest other occupations ask for. A bank treasurer 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 develop audit plan management skills
- already held check accounting records information skills
- already held produce statistical financial records information skills
- already held evaluate budgets management skills
- already held prepare financial auditing reports information skills
- already held conduct financial audits information skills
All 24 carried skills, including the 14 the bank treasurer role treats as required.
Table 3 · What you may need to learn
The 22 missing skills fall into 6 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 create a financial plan required
- still to learn enforce financial policies required
- still to learn handle financial transactions required
- still to learn manage accounts required
- still to learn manage budgets required
- still to learn strive for company growth required
- optional, not held manage corporate bank accounts optional
- optional, not held plan health and safety procedures optional
- still to learn corporate social responsibility required
- still to learn treasury management system required
- optional, not held investment analysis optional
- optional, not held financial forecasting optional
- optional, not held financial markets optional
- optional, not held liquidity management optional
- optional, not held securities optional
- still to learn analyse market financial trends required
- optional, not held create a financial report optional
- optional, not held synthesise financial information optional
- still to learn liaise with managers required
- optional, not held maintain relationship with customers optional
- still to learn follow company standards required
- optional, not held statistics optional
Table 4 · Where to start
The 3 entries a bank treasurer role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 corporate social responsibility study this
- 02 treasury management system study this
- 03 analyse market financial 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 24 skills that carry over
- already held accounting knowledge
- already held accounting techniques knowledge
- already held advise on financial matters skill
- already held analyse financial performance of a company skill
- already held conduct financial audits skill
- already held economics knowledge
- already held evaluate budgets skill
- already held financial analysis knowledge
- already held financial management knowledge
- already held financial statements knowledge
- already held maintain financial records skill
- already held maintain records of financial transactions skill
- already held prepare financial auditing reports skill
- already held trace financial transactions skill
- already held banking activities knowledge
- already held check accounting records skill
- already held communicate with banking professionals skill
- already held develop audit plan skill
- already held financial jurisdiction knowledge
- already held financial products knowledge
- already held obtain financial information skill
- already held present reports skill
- already held produce statistical financial records skill
- already held tax legislation knowledge
11 supplementary skills, helpful but not required
- optional, not held create a financial report optional
- optional, not held investment analysis optional
- optional, not held maintain relationship with customers optional
- optional, not held financial forecasting optional
- optional, not held financial markets optional
- optional, not held liquidity management optional
- optional, not held manage corporate bank accounts optional
- optional, not held plan health and safety procedures optional
- optional, not held securities optional
- optional, not held statistics optional
- optional, not held synthesise financial information optional
36 held skills the bank treasurer role does not ask for
- 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 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 commercial law knowledge
- not needed by the target role control financial resources skill
- not needed by the target role core banking software knowledge
- not needed by the target role corporate law knowledge
- 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 financial department processes 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 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
- not needed by the target role pose questions referring to documents skill
- not needed by the target role provide support in financial calculation skill
- not needed by the target role use consulting techniques 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 corporate social responsibility required
- still to learn treasury management system required
- optional, not held investment analysis optional
- optional, not held financial forecasting optional
- optional, not held financial markets optional
- optional, not held liquidity management optional
- optional, not held securities optional
- optional, not held statistics optional
Other moves recorded from financial auditor
- audit supervisor 61% covered · moderate
- financial fraud examiner 57% covered · moderate
- accounting analyst 54% covered · moderate
- financial controller 53% covered · moderate
- accounting manager 46% covered · substantial
- accountant 46% covered · substantial
- bookkeeper 41% covered · substantial
- bank account manager 39% covered · substantial
Common questions about this move
Can a financial auditor become a bank treasurer?
Yes, and it is a moderate move. A financial auditor already covers 54% of what a bank treasurer is expected to do: 24 skills carry over, 14 of which the bank treasurer role treats as required.
What skills does a financial auditor need to become a bank treasurer?
11 required skills are missing, plus 11 optional ones. They fall into 6 areas of the ESCO skill hierarchy, led by management skills. The single most important is corporate social responsibility.
How hard is the move from financial auditor to bank treasurer?
Its learning distance is 52 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.