Career Overlap Transition record Edition 1 · ESCO v1.2.1
Table 1Transition record

foreign exchange cashiertofinancial markets back office administrator

A foreign exchange cashier already meets 53% of what the financial markets back office administrator role asks for. The move turns on 6 required skills not yet in the profile.

From foreign exchange cashier
53%
Overlap1
To financial markets back office administrator
15 Skills carried over
6 Required, not held
46.2 Difficulty2
adjacent 0–30
moderate 30–55
substantial 55–75
career change 75–100
this move, 46.2

This move: 46.2 of 100 · moderate

1 Share of the financial markets back office administrator role’s weighted skill requirement already met by the foreign exchange cashier 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 financial markets back office administrator role needs them, and most people applying for one will not have them already. This is the part of a foreign exchange cashier 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 7 the financial markets back office administrator role treats as required.

Table 3

Table 3 · What you would need to learn

The 14 missing skills fall into 6 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 business, administration and law 2 required, 4 supplementary
  • required, not held office administration required
  • required, not held financial products required
  • optional, not held international commercial transactions rules optional
  • optional, not held accounting optional
  • optional, not held securities optional
  • optional, not held stock market optional
02 management skills 2 required, 1 supplementary
  • required, not held manage administrative systems required
  • required, not held handle paperwork required
  • optional, not held manage securities trading optional
03 communication, collaboration and creativity 1 required, 1 supplementary
  • required, not held manage contracts required
  • optional, not held trade securities optional
04 information and communication technologies (icts) 1 required
  • required, not held office software required
05 natural sciences, mathematics and statistics 1 supplementary
  • optional, not held actuarial science optional
06 social sciences, journalism and information 1 supplementary
  • optional, not held economics optional
Table 4

Table 4 · Where to start

The 3 entries a financial markets back office administrator 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 financial markets knowledge
  • already held handle financial transactions skill
  • already held maintain records of financial transactions skill
  • already held perform clerical duties skill
  • already held commercial law knowledge
  • already held communicate with banking professionals skill
  • already held financial jurisdiction knowledge
  • already held foreign valuta knowledge
  • already held provide financial product information skill
  • already held statistics knowledge
  • already held trace financial transactions skill
  • already held trade foreign currencies skill
8 supplementary skills, helpful but not required
Skill to acquire Tier
  • optional, not held actuarial science optional
  • optional, not held international commercial transactions rules optional
  • optional, not held manage securities trading optional
  • optional, not held accounting optional
  • optional, not held economics optional
  • optional, not held securities optional
  • optional, not held stock market optional
  • optional, not held trade securities optional
9 held skills the financial markets back office administrator role does not ask for
Skill Type
  • not needed by the target role apply technical communication skills skill
  • not needed by the target role communicate with customers skill
  • not needed by the target role maintain financial records skill
  • not needed by the target role offer financial services skill
  • not needed by the target role operate cash register skill
  • not needed by the target role process order forms with customer's information skill
  • not needed by the target role provide customers with order information skill
  • not needed by the target role provide customers with price information skill
  • not needed by the target role use IT tools skill
9 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 office administration required
  • required, not held financial products required
  • required, not held office software required
  • optional, not held actuarial science optional
  • optional, not held international commercial transactions rules optional
  • optional, not held accounting optional
  • optional, not held economics optional
  • optional, not held securities optional
  • optional, not held stock market optional
Index
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.