Financial markets back office administrator to securities broker
A financial markets back office administrator already meets 50% of what the securities broker role asks for. The move turns on 10 required skills not yet in the profile.
50.7/ 100
1 How much of what a securities broker is expected to do is already part of a financial markets back office administrator’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 securities broker role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
A securities broker role treats 10 of its required skills as things a financial markets back office administrator already does. You would walk in with these on day one.
- actuarial science
- economics
- financial jurisdiction
- financial markets
- financial products
- handle financial transactions
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 17 skills that carry over, these are the ones fewest other occupations ask for. A securities broker 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.
- already held trade securities communication, collaboration and creativity
- already held provide financial product information communication, collaboration and creativity
- already held electronic communication engineering, manufacturing and construction
- already held stock market business, administration and law
- already held maintain records of financial transactions information skills
- already held trace financial transactions information skills
All 17 carried skills, including the 10 the securities broker role treats as required.
Table 3 · What you may need to learn
The 17 missing skills fall into 4 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 analyse financial risk required
- still to learn analyse market financial trends required
- still to learn assess risks of clients' assets required
- still to learn forecast economic trends required
- still to learn obtain financial information required
- optional, not held perform stock valuation optional
- optional, not held provide support in financial calculation optional
- still to learn advise on financial matters required
- still to learn apply technical communication skills required
- still to learn protect client interests required
- still to learn review investment portfolios required
- optional, not held build business relationships optional
- optional, not held communicate with customers optional
- still to learn create a financial plan required
- optional, not held operate financial instruments optional
- optional, not held modern portfolio theory optional
- optional, not held tax legislation optional
Table 4 · Where to start
The 3 entries a securities broker role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 advise on financial matters practise this
- 02 analyse financial risk practise 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 17 skills that carry over
- already held actuarial science knowledge
- already held economics knowledge
- already held financial jurisdiction knowledge
- already held financial markets knowledge
- already held financial products knowledge
- already held handle financial transactions skill
- already held maintain records of financial transactions skill
- already held securities knowledge
- already held stock market knowledge
- already held trade securities skill
- already held accounting knowledge
- already held banking activities knowledge
- already held communicate with banking professionals skill
- already held electronic communication knowledge
- already held provide financial product information skill
- already held statistics knowledge
- already held trace financial transactions skill
7 supplementary skills, helpful but not required
- optional, not held build business relationships optional
- optional, not held communicate with customers optional
- optional, not held modern portfolio theory optional
- optional, not held operate financial instruments optional
- optional, not held perform stock valuation optional
- optional, not held provide support in financial calculation optional
- optional, not held tax legislation optional
12 held skills the securities broker role does not ask for
- not needed by the target role commercial law knowledge
- not needed by the target role customer service knowledge
- not needed by the target role foreign valuta 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 perform clerical duties skill
- not needed by the target role trade foreign currencies skill
2 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- optional, not held modern portfolio theory optional
- optional, not held tax legislation optional
Other moves recorded from financial markets back office administrator
- foreign exchange cashier 71% covered · adjacent
- foreign exchange trader 58% covered · moderate
- securities underwriter 54% covered · moderate
- foreign exchange broker 53% covered · moderate
Full index of moves from financial markets back office administrator
Common questions about this move
Can a financial markets back office administrator become a securities broker?
Yes, and it is a moderate move. A financial markets back office administrator already covers 50% of what a securities broker is expected to do: 17 skills carry over, 10 of which the securities broker role treats as required.
What skills does a financial markets back office administrator need to become a securities broker?
10 required skills are missing, plus 7 optional ones. They fall into 4 areas of the ESCO skill hierarchy, led by information skills. The single most important is advise on financial matters.
How hard is the move from financial markets back office administrator to securities broker?
Its learning distance is 50.7 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.