Table 1Transition record

financial markets back office administratortoforeign exchange cashier

A financial markets back office administrator already meets 71% of what the foreign exchange cashier role asks for. The move turns on 2 required skills not yet in the profile.

From financial markets back office administrator

71%

Overlap1

To foreign exchange cashier

15 Skills carried over

2 Required, not held

28.1 Difficulty2

adjacent 0–30

moderate 30–55

substantial 55–75

career change 75–100

this move, 28.1

This move: 28.1 of 100 · adjacent

1 Share of the foreign exchange cashier role’s weighted skill requirement already met by the financial markets back office administrator 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 15 skills that carry over, these are the ones fewest other occupations ask for. A foreign exchange cashier role needs them, and most people applying for one will not have them already. This is the part of a financial markets back office administrator background worth leading with.

Skill the target role also needs Area

already held trade foreign currencies communication, collaboration and creativity
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 commercial law business, administration and law
already held maintain records of financial transactions information skills

All 15 carried skills, including the 9 the foreign exchange cashier role treats as required.

Table 3

Table 3 · What you would need to learn

The 9 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 information skills 1 required, 1 supplementary

required, not held maintain financial records required

optional, not held process order forms with customer's information optional

02 management skills 1 required

required, not held operate cash register required

03 communication, collaboration and creativity 4 supplementary

optional, not held offer financial services optional
optional, not held provide customers with price information optional
optional, not held apply technical communication skills optional
optional, not held communicate with customers optional

04 assisting and caring 1 supplementary

optional, not held provide customers with order information optional

05 working with computers 1 supplementary

optional, not held use IT tools optional

Table 4

Table 4 · Where to start

The 2 entries a foreign exchange cashier 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 15 skills that carry over

Skill Type

already held banking activities knowledge
already held customer service knowledge
already held electronic communication knowledge
already held foreign valuta knowledge
already held handle financial transactions skill
already held maintain records of financial transactions skill
already held perform clerical duties skill
already held provide financial product information skill
already held trade foreign currencies skill
already held commercial law knowledge
already held communicate with banking professionals skill
already held financial jurisdiction knowledge
already held financial markets knowledge
already held statistics knowledge
already held trace financial transactions skill

7 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held offer financial services optional
optional, not held process order forms with customer's information optional
optional, not held provide customers with order information optional
optional, not held provide customers with price information optional
optional, not held apply technical communication skills optional
optional, not held communicate with customers optional
optional, not held use IT tools optional

14 held skills the foreign exchange cashier role does not ask for

Skill Type

not needed by the target role accounting knowledge
not needed by the target role actuarial science knowledge
not needed by the target role economics knowledge
not needed by the target role financial products knowledge
not needed by the target role handle paperwork skill
not needed by the target role international commercial transactions rules knowledge
not needed by the target role manage administrative systems skill
not needed by the target role manage contracts skill
not needed by the target role manage securities trading skill
not needed by the target role office administration knowledge
not needed by the target role office software knowledge
not needed by the target role securities knowledge
not needed by the target role stock market knowledge
not needed by the target role trade securities skill

Index

Other moves recorded from financial markets back office administrator

Full index of moves from financial markets back office administrator

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.