Foreign exchange cashier to financial 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.
46.2/ 100
1 How much of what a financial markets back office administrator is expected to do is already part of a foreign exchange cashier’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 markets back office administrator role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
A financial markets back office administrator role treats 7 of its required skills as things a foreign exchange cashier already does. You would walk in with these on day one.
- banking activities
- customer service
- electronic communication
- financial markets
- handle financial transactions
- maintain records of financial transactions
What stands in the way is 6 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 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.
- 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 · What you may need to learn
The 14 missing skills fall into 6 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 office administration required
- still to learn 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
- still to learn manage administrative systems required
- still to learn handle paperwork required
- optional, not held manage securities trading optional
- still to learn manage contracts required
- optional, not held trade securities optional
- still to learn office software required
- optional, not held actuarial science optional
- optional, not held economics optional
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.
- 01 manage administrative systems practise this
- 02 office administration study this
- 03 financial products study this
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 15 skills that carry over
- 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
- 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
- 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.
- still to learn office administration required
- still to learn financial products required
- still to learn 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
Other moves recorded from foreign exchange cashier
Common questions about this move
Can a foreign exchange cashier become a financial markets back office administrator?
Yes, and it is a moderate move. A foreign exchange cashier already covers 53% of what a financial markets back office administrator is expected to do: 15 skills carry over, 7 of which the financial markets back office administrator role treats as required.
What skills does a foreign exchange cashier need to become a financial markets back office administrator?
6 required skills are missing, plus 8 optional ones. They fall into 6 areas of the ESCO skill hierarchy, led by business, administration and law. The single most important is manage administrative systems.
How hard is the move from foreign exchange cashier to financial markets back office administrator?
Its learning distance is 46.2 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.