Personal trust officer to stock broker

• already held actuarial science knowledge
• already held advise on financial matters skill
• already held analyse financial risk skill
• already held apply technical communication skills skill
• already held financial products knowledge
• already held handle financial transactions skill
• already held protect client interests skill
• already held review investment portfolios skill
• already held securities knowledge
• already held obtain financial information skill
• already held provide support in financial calculation skill
• already held tax legislation knowledge

• optional, not held create a financial report optional
• optional, not held fundamental analysis optional
• optional, not held holding company activities optional
• optional, not held accounting optional
• optional, not held banking activities optional
• optional, not held build business relationships optional
• optional, not held communicate with banking professionals optional
• optional, not held communicate with customers optional
• optional, not held examine credit ratings optional
• optional, not held financial jurisdiction optional
• optional, not held maintain records of financial transactions optional
• optional, not held manage financial risk optional
• optional, not held operate financial instruments optional
• optional, not held perform stock valuation optional
• optional, not held provide financial product information optional
• optional, not held statistics optional
• optional, not held trace financial transactions optional

• not needed by the target role accounting techniques knowledge
• not needed by the target role collect property financial information skill
• not needed by the target role communicate with beneficiaries skill
• not needed by the target role conduct financial audits skill
• not needed by the target role develop investment portfolio skill
• not needed by the target role examine trusts skill
• not needed by the target role handle financial disputes skill
• not needed by the target role identify clients' needs skill
• not needed by the target role investment analysis knowledge
• not needed by the target role maintain relationship with customers skill
• not needed by the target role maintain trusts skill
• not needed by the target role monitor title procedures skill
• not needed by the target role prepare financial statements skill
• not needed by the target role prepare tax returns forms skill
• not needed by the target role promote financial products skill
• not needed by the target role property law knowledge
• not needed by the target role register deeds skill
• not needed by the target role research taxation procedures skill

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

• still to learn asset management required
• still to learn economics required
• still to learn financial markets required
• still to learn modern portfolio theory required
• still to learn stock market required
• optional, not held fundamental analysis optional
• optional, not held holding company activities optional
• optional, not held accounting optional
• optional, not held banking activities optional
• optional, not held financial jurisdiction optional
• optional, not held statistics optional

Yes, and it is a substantial move. A personal trust officer already covers 40% of what a stock broker is expected to do: 12 skills carry over, 9 of which the stock broker role treats as required.

9 required skills are missing, plus 17 optional ones. They fall into 6 areas of the ESCO skill hierarchy, led by business, administration and law. The single most important is analyse market financial trends.

Its learning distance is 59.6 out of 100, which is the substantial band. That accounts for both how much is missing and how specialised those skills are.