Financial auditor to financial 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.
58.3/ 100
1 How much of what a financial broker 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 financial broker role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
A financial broker role treats 6 of its required skills as things a financial auditor already does. You would walk in with these on day one.
- advise on financial matters
- economics
- financial jurisdiction
- financial products
- maintain financial records
- obtain financial information
What stands in the way is 10 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 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.
- 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 · What you may need to learn
The 18 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 apply technical communication skills required
- still to learn protect client interests required
- still to learn provide financial product information required
- still to learn trade securities required
- optional, not held communicate with customers optional
- optional, not held handle financial disputes optional
- optional, not held review investment portfolios optional
- still to learn analyse market financial trends required
- still to learn manage financial risk required
- still to learn synthesise financial information required
- optional, not held provide cost benefit analysis reports optional
- still to learn 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
- still to learn securities required
- optional, not held modern portfolio theory optional
- still to learn actuarial science required
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.
- 01 actuarial science study this
- 02 analyse market financial trends practise this
- 03 apply technical communication skills 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 12 skills that carry over
- 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
- 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
- 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.
- still to learn actuarial science required
- still to learn securities required
- optional, not held modern portfolio theory 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 financial broker?
Yes, and it is a substantial move. A financial auditor already covers 39% of what a financial broker is expected to do: 12 skills carry over, 6 of which the financial broker role treats as required.
What skills does a financial auditor need to become a financial broker?
10 required skills are missing, plus 8 optional ones. They fall into 5 areas of the ESCO skill hierarchy, led by communication, collaboration and creativity. The single most important is actuarial science.
How hard is the move from financial auditor to financial broker?
Its learning distance is 58.3 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.