Table 1Transition record

financial auditortofinancial broker

A financial auditor already meets 39% of what the financial broker role asks for. The move turns on 10 required skills not yet in the profile.

From financial auditor

39%

Overlap1

To financial broker

12 Skills carried over

10 Required, not held

58.3 Difficulty2

adjacent 0–30

moderate 30–55

substantial 55–75

career change 75–100

this move, 58.3

This move: 58.3 of 100 · substantial

1 Share of the financial broker role’s weighted skill requirement already met by the financial auditor profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.

Table 2

Table 2 · What you already bring

Of the 12 skills that carry over, these are the ones fewest other occupations ask for. A financial broker 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.

Skill the target role also needs Area

already held conduct financial audits information skills
already held provide support in financial calculation information skills
already held maintain records of financial transactions information skills
already held trace financial transactions information skills
already held financial jurisdiction business, administration and law
already held communicate with banking professionals communication, collaboration and creativity

All 12 carried skills, including the 6 the financial broker role treats as required.

Table 3

Table 3 · What you would need to learn

The 18 missing skills fall into 5 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.

Skill to acquire Tier

01 communication, collaboration and creativity 4 required, 3 supplementary

required, not held apply technical communication skills required
required, not held protect client interests required
required, not held provide financial product information required
required, not held trade securities required

optional, not held communicate with customers optional
optional, not held handle financial disputes optional
optional, not held review investment portfolios optional

02 information skills 3 required, 1 supplementary

required, not held analyse market financial trends required
required, not held manage financial risk required
required, not held synthesise financial information required

optional, not held provide cost benefit analysis reports optional

03 management skills 1 required, 3 supplementary

required, not held create a financial plan required

optional, not held handle financial transactions optional
optional, not held operate financial instruments optional
optional, not held optimise financial performance optional

04 business, administration and law 1 required, 1 supplementary

required, not held securities required

optional, not held modern portfolio theory optional

05 natural sciences, mathematics and statistics 1 required

required, not held actuarial science required

Table 4

Table 4 · Where to start

The 3 entries a financial broker 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

Appendix · The rest of the record

All 12 skills that carry over

Skill Type

already held advise on financial matters skill
already held economics knowledge
already held financial jurisdiction knowledge
already held financial products knowledge
already held maintain financial records skill
already held obtain financial information skill
already held banking activities knowledge
already held communicate with banking professionals skill
already held conduct financial audits skill
already held maintain records of financial transactions skill
already held provide support in financial calculation skill
already held trace financial transactions skill

8 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held communicate with customers optional
optional, not held handle financial disputes optional
optional, not held handle financial transactions optional
optional, not held modern portfolio theory optional
optional, not held operate financial instruments optional
optional, not held optimise financial performance optional
optional, not held provide cost benefit analysis reports optional
optional, not held review investment portfolios optional

48 held skills the financial broker role does not ask for

Skill Type

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 performance of a company 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 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 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 analysis knowledge
not needed by the target role financial department processes 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 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

8 further entries not listed here

3 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to acquire Tier

required, not held actuarial science required
required, not held securities required
optional, not held modern portfolio theory optional

Index

Other moves recorded from financial auditor

Full index of moves from financial auditor

Note

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.