Investment clerk to financial markets back office administrator
An investment clerk already meets 63% of what the financial markets back office administrator role asks for. The move turns on 3 required skills not yet in the profile.
37.9/ 100
1 How much of what a financial markets back office administrator is expected to do is already part of an investment clerk’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 10 of its required skills as things an investment clerk already does. You would walk in with these on day one.
- banking activities
- customer service
- electronic communication
- financial markets
- financial products
- handle financial transactions
What stands in the way is 3 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 an investment clerk background worth leading with.
- already held handle paperwork management skills
- already held provide financial product information communication, collaboration and creativity
- already held electronic communication engineering, manufacturing and construction
- already held office software information and communication technologies (icts)
- already held maintain records of financial transactions information skills
- already held trace financial transactions information skills
All 15 carried skills, including the 10 the financial markets back office administrator role treats as required.
Table 3 · What you may need to learn
The 14 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 office administration required
- optional, not held commercial law optional
- optional, not held foreign valuta optional
- optional, not held international commercial transactions rules optional
- optional, not held accounting optional
- optional, not held financial jurisdiction optional
- optional, not held stock market optional
- still to learn manage contracts required
- optional, not held trade foreign currencies optional
- optional, not held trade securities optional
- still to learn manage administrative systems required
- optional, not held manage securities trading optional
- optional, not held actuarial science optional
- optional, not held statistics 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 manage contracts 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 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 financial products knowledge
- already held handle financial transactions skill
- already held handle paperwork skill
- already held maintain records of financial transactions skill
- already held office software knowledge
- already held perform clerical duties skill
- already held communicate with banking professionals skill
- already held economics knowledge
- already held provide financial product information skill
- already held securities knowledge
- already held trace financial transactions skill
11 supplementary skills, helpful but not required
- optional, not held actuarial science optional
- optional, not held commercial law optional
- optional, not held foreign valuta optional
- optional, not held international commercial transactions rules optional
- optional, not held manage securities trading optional
- optional, not held trade foreign currencies optional
- optional, not held accounting optional
- optional, not held financial jurisdiction optional
- optional, not held statistics optional
- optional, not held stock market optional
- optional, not held trade securities optional
17 held skills the financial markets back office administrator role does not ask for
- not needed by the target role accounting techniques knowledge
- not needed by the target role communicate with customers skill
- not needed by the target role deliver correspondence skill
- not needed by the target role digitise documents skill
- not needed by the target role disseminate messages to people skill
- not needed by the target role ensure proper document management skill
- not needed by the target role follow written instructions skill
- not needed by the target role handle mail skill
- not needed by the target role obtain financial information skill
- not needed by the target role offer financial services skill
- not needed by the target role organise business documents skill
- not needed by the target role organise facilities for office personnel skill
- not needed by the target role perform office routine activities skill
- not needed by the target role present reports skill
- not needed by the target role use different communication channels skill
- not needed by the target role use office systems skill
- not needed by the target role write work-related reports 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
- optional, not held actuarial science optional
- optional, not held commercial law optional
- optional, not held foreign valuta optional
- optional, not held international commercial transactions rules optional
- optional, not held accounting optional
- optional, not held financial jurisdiction optional
- optional, not held statistics optional
- optional, not held stock market optional
Common questions about this move
Can an investment clerk become a financial markets back office administrator?
Yes, and it is a moderate move. An investment clerk already covers 63% of what a financial markets back office administrator is expected to do: 15 skills carry over, 10 of which the financial markets back office administrator role treats as required.
What skills does an investment clerk need to become a financial markets back office administrator?
3 required skills are missing, plus 11 optional ones. They fall into 4 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 investment clerk to financial markets back office administrator?
Its learning distance is 37.9 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.