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

foreign exchange cashiertoforeign exchange broker

A foreign exchange cashier already meets 41% of what the foreign exchange broker role asks for. The move turns on 7 required skills not yet in the profile.

From foreign exchange cashier
41%
Overlap1
To foreign exchange broker
13 Skills carried over
7 Required, not held
56.3 Difficulty2
Career overlap Partial match

41%

Learning distance Substantial retraining

56.3/ 100

1 Share of the foreign exchange broker 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.

Why

Why this move works

A foreign exchange broker role treats 6 of its required skills as things a foreign exchange cashier already does. These are the ones it depends on most.

  • apply technical communication skills
  • commercial law
  • financial jurisdiction
  • financial markets
  • foreign valuta
  • trade foreign currencies

What stands in the way is 7 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.

Table 2

Table 2 · What you already bring

Of the 13 skills that carry over, these are the ones fewest other occupations ask for. A foreign exchange broker 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 commercial law business, administration and law
  • already held maintain records of financial transactions information skills
  • already held trace financial transactions information skills

All 13 carried skills, including the 6 the foreign exchange broker role treats as required.

Table 3

Table 3 · What you would need to learn

The 22 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 information skills 5 required, 2 supplementary
  • required, not held analyse economic trends required
  • required, not held analyse financial risk required
  • required, not held analyse market financial trends required
  • required, not held forecast economic trends required
  • required, not held perform financial risk management in international trade required
  • optional, not held monitor stock market optional
  • optional, not held perform stock valuation optional
02 communication, collaboration and creativity 1 required, 5 supplementary
  • required, not held advise on financial matters required
  • optional, not held build business relationships optional
  • optional, not held negotiate with stakeholders optional
  • optional, not held protect client interests optional
  • optional, not held review investment portfolios optional
  • optional, not held trade securities optional
03 social sciences, journalism and information 1 required
  • required, not held economics required
04 business, administration and law 6 supplementary
  • optional, not held international commercial transactions rules optional
  • optional, not held accounting optional
  • optional, not held financial products optional
  • optional, not held international trade optional
  • optional, not held securities optional
  • optional, not held stock market optional
05 management skills 1 supplementary
  • optional, not held operate financial instruments optional
06 natural sciences, mathematics and statistics 1 supplementary
  • optional, not held actuarial science optional
Table 4

Table 4 · Where to start

The 3 entries a foreign exchange broker 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 13 skills that carry over
Skill Type
  • already held apply technical communication skills skill
  • already held commercial law knowledge
  • already held financial jurisdiction knowledge
  • already held financial markets knowledge
  • already held foreign valuta knowledge
  • already held trade foreign currencies skill
  • already held banking activities knowledge
  • already held communicate with banking professionals skill
  • already held handle financial transactions skill
  • already held maintain records of financial transactions skill
  • already held provide financial product information skill
  • already held statistics knowledge
  • already held trace financial transactions skill
15 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 accounting optional
  • optional, not held build business relationships optional
  • optional, not held financial products optional
  • optional, not held international trade optional
  • optional, not held monitor stock market optional
  • optional, not held negotiate with stakeholders optional
  • optional, not held operate financial instruments optional
  • optional, not held perform stock valuation optional
  • optional, not held protect client interests optional
  • optional, not held review investment portfolios optional
  • optional, not held securities optional
  • optional, not held stock market optional
  • optional, not held trade securities optional
11 held skills the foreign exchange broker role does not ask for
Skill Type
  • not needed by the target role communicate with customers skill
  • not needed by the target role customer service knowledge
  • not needed by the target role electronic communication knowledge
  • 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 perform clerical duties 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
8 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 economics required
  • optional, not held actuarial science optional
  • optional, not held international commercial transactions rules optional
  • optional, not held accounting optional
  • optional, not held financial products optional
  • optional, not held international trade optional
  • optional, not held securities optional
  • optional, not held stock market optional
Index

Other moves recorded from foreign exchange cashier

Full index of moves from foreign exchange cashier

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.