Middle office analyst to financial markets back office administrator
A middle office analyst 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.
37.3/ 100
1 How much of what a financial markets back office administrator is expected to do is already part of a middle office analyst’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 a middle office analyst already does. You would walk in with these on day one.
- banking activities
- financial products
- handle financial transactions
- handle paperwork
- maintain records of financial transactions
- manage administrative systems
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 a middle office analyst background worth leading with.
- already held handle paperwork management skills
- already held office administration business, administration and law
- already held provide financial product information communication, collaboration and creativity
- 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 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 customer service required
- still to learn financial markets 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 electronic communication required
- optional, not held trade foreign currencies optional
- optional, not held trade securities optional
- optional, not held manage securities trading optional
- 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 customer service study this
- 02 electronic communication study this
- 03 financial markets 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 financial products knowledge
- already held handle financial transactions skill
- already held handle paperwork skill
- already held maintain records of financial transactions skill
- already held manage administrative systems skill
- already held manage contracts skill
- already held office administration knowledge
- already held office software knowledge
- already held perform clerical duties skill
- already held communicate with banking professionals skill
- already held provide financial product information skill
- already held securities knowledge
- already held statistics 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 economics optional
- optional, not held financial jurisdiction optional
- optional, not held stock market optional
- optional, not held trade securities optional
21 held skills the financial markets back office administrator role does not ask for
- not needed by the target role advise on financial matters skill
- not needed by the target role analyse financial risk skill
- not needed by the target role apply company policies skill
- not needed by the target role asset management knowledge
- not needed by the target role business processes knowledge
- not needed by the target role comply with legal regulations skill
- not needed by the target role conduct qualitative research skill
- not needed by the target role customer relationship management knowledge
- not needed by the target role enforce financial policies skill
- not needed by the target role ensure compliance with legal requirements skill
- not needed by the target role financial management knowledge
- not needed by the target role investment banking knowledge
- not needed by the target role maintain contract administration skill
- not needed by the target role manage financial risk skill
- not needed by the target role obtain financial information skill
- not needed by the target role operate financial instruments skill
- not needed by the target role provide improvement strategies skill
- not needed by the target role provide support in financial calculation skill
- not needed by the target role risk management knowledge
- not needed by the target role treasury management system knowledge
- not needed by the target role use office systems skill
11 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 customer service required
- still to learn electronic communication required
- still to learn financial markets 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 economics optional
- optional, not held financial jurisdiction optional
- optional, not held stock market optional
Common questions about this move
Can a middle office analyst become a financial markets back office administrator?
Yes, and it is a moderate move. A middle office analyst 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 a middle office analyst need to become a financial markets back office administrator?
3 required skills are missing, plus 11 optional ones. They fall into 6 areas of the ESCO skill hierarchy, led by business, administration and law. The single most important is customer service.
How hard is the move from middle office analyst to financial markets back office administrator?
Its learning distance is 37.3 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.