Career Overlap Transition record
RecordMove

Relationship banking manager to financial broker

A relationship banking manager already meets 59% of what the financial broker role asks for. The move turns on 5 required skills not yet in the profile.

Fig. 1 · Skill transfer ESCO v1.2.1 · directional
From relationship banking manager
59 % overlap
Partial match
To financial broker
15 You already bring
5 Still to learn
30 Skills in the target role2
Learning distance Real move, short list to learn

40.6/ 100

1 How much of what a financial broker is expected to do is already part of a relationship banking manager’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 broker role is recorded as needing, required and optional together. What these numbers mean.

Why

Why this move works

A financial broker role treats 11 of its required skills as things a relationship banking manager already does. You would walk in with these on day one.

  • advise on financial matters
  • analyse market financial trends
  • apply technical communication skills
  • create a financial plan
  • economics
  • financial jurisdiction

What stands in the way is 5 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 15 skills that carry over, these are the ones fewest other occupations ask for. A financial broker role needs them, and most people applying for one will not have them already. This is the part of a relationship banking manager background worth leading with.

Skill the target role also needs Area
  • already held operate financial instruments management skills
  • already held conduct financial audits information skills
  • already held provide financial product information communication, collaboration and creativity
  • already held financial jurisdiction business, administration and law
  • already held communicate with banking professionals communication, collaboration and creativity
  • already held financial products business, administration and law

All 15 carried skills, including the 11 the financial broker role treats as required.

Table 3

Table 3 · What you may need to learn

The 15 missing skills fall into 5 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.

Skill to pick up Tier
01 communication, collaboration and creativity 2 required, 3 supplementary
  • still to learn protect client interests required
  • still to learn trade securities required
  • optional, not held communicate with customers optional
  • optional, not held handle financial disputes optional
  • optional, not held review investment portfolios optional
02 information skills 2 required, 3 supplementary
  • still to learn maintain financial records required
  • still to learn synthesise financial information required
  • optional, not held maintain records of financial transactions optional
  • optional, not held provide support in financial calculation optional
  • optional, not held trace financial transactions optional
03 natural sciences, mathematics and statistics 1 required
  • still to learn actuarial science required
04 business, administration and law 2 supplementary
  • optional, not held banking activities optional
  • optional, not held modern portfolio theory optional
05 management skills 2 supplementary
  • optional, not held handle financial transactions optional
  • optional, not held optimise financial performance optional
Table 4

Table 4 · Where to start

The 3 entries a financial 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 15 skills that carry over
Skill Type
  • already held advise on financial matters skill
  • already held analyse market financial trends skill
  • already held apply technical communication skills skill
  • already held create a financial plan skill
  • already held economics knowledge
  • already held financial jurisdiction knowledge
  • already held financial products knowledge
  • already held manage financial risk skill
  • already held obtain financial information skill
  • already held provide financial product information skill
  • already held securities knowledge
  • already held communicate with banking professionals skill
  • already held conduct financial audits skill
  • already held operate financial instruments skill
  • already held provide cost benefit analysis reports skill
10 supplementary skills, helpful but not required
Skill to pick up Tier
  • optional, not held banking activities optional
  • optional, not held communicate with customers optional
  • optional, not held handle financial disputes optional
  • optional, not held handle financial transactions optional
  • optional, not held maintain records of financial transactions optional
  • optional, not held modern portfolio theory optional
  • optional, not held optimise financial performance optional
  • optional, not held provide support in financial calculation optional
  • optional, not held review investment portfolios optional
  • optional, not held trace financial transactions optional
41 held skills the financial broker role does not ask for
Skill Type
  • not needed by the target role accounting techniques knowledge
  • not needed by the target role advise on credit rating skill
  • not needed by the target role advise on investment skill
  • not needed by the target role analyse business plans skill
  • not needed by the target role analyse financial performance of a company skill
  • not needed by the target role analyse financial risk skill
  • not needed by the target role apply credit risk policy skill
  • not needed by the target role assist in loan applications skill
  • not needed by the target role build business relationships skill
  • not needed by the target role business loans knowledge
  • not needed by the target role business management principles knowledge
  • not needed by the target role consult credit score skill
  • not needed by the target role core banking software knowledge
  • not needed by the target role corporate social responsibility knowledge
  • not needed by the target role customer service knowledge
  • not needed by the target role enforce financial policies skill
  • not needed by the target role ensure compliance with company regulations skill
  • not needed by the target role examine credit ratings skill
  • not needed by the target role financial analysis knowledge
  • not needed by the target role financial management knowledge
  • not needed by the target role financial markets knowledge
  • not needed by the target role financial statements knowledge
  • not needed by the target role follow company standards skill
  • not needed by the target role foreign valuta knowledge
  • not needed by the target role identify customer's needs skill
  • not needed by the target role inform on interest rates skill
  • not needed by the target role liaise with managers skill
  • not needed by the target role maintain relationship with customers skill
  • not needed by the target role monitor loan portfolio skill
  • not needed by the target role monitor stock market skill
  • not needed by the target role mortgage loans knowledge
  • not needed by the target role negotiate with stakeholders skill
  • not needed by the target role offer financial services skill
  • not needed by the target role plan health and safety procedures skill
  • not needed by the target role present reports skill
  • not needed by the target role principles of insurance knowledge
  • not needed by the target role prospect new customers skill
  • not needed by the target role relationship marketing knowledge
  • not needed by the target role strive for company growth skill
  • not needed by the target role tax legislation knowledge

1 further entry not listed here

3 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 pick up Tier
  • still to learn actuarial science required
  • optional, not held banking activities optional
  • optional, not held modern portfolio theory optional
Index

Other moves recorded from relationship banking manager

Full index of moves from relationship banking manager

FAQ

Common questions about this move

Can a relationship banking manager become a financial broker?

Yes, and it is a moderate move. A relationship banking manager already covers 59% of what a financial broker is expected to do: 15 skills carry over, 11 of which the financial broker role treats as required.

What skills does a relationship banking manager need to become a financial broker?

5 required skills are missing, plus 10 optional ones. They fall into 5 areas of the ESCO skill hierarchy, led by communication, collaboration and creativity. The single most important is actuarial science.

How hard is the move from relationship banking manager to financial broker?

Its learning distance is 40.6 out of 100, which is the moderate band. That accounts for both how much is missing and how specialised those skills are.

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.