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

financial markets back office administratortoforeign exchange trader

A financial markets back office administrator already meets 58% of what the foreign exchange trader role asks for. The move turns on 6 required skills not yet in the profile.

From financial markets back office administrator
58%
Overlap1
To foreign exchange trader
18 Skills carried over
6 Required, not held
39.5 Difficulty2
Career overlap Partial match

58%

Learning distance Real move, short list to learn

39.5/ 100

1 Share of the foreign exchange trader role’s weighted skill requirement already met by the financial markets back office administrator 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 trader role treats 7 of its required skills as things a financial markets back office administrator already does. These are the ones it depends on most.

  • commercial law
  • economics
  • financial jurisdiction
  • financial markets
  • foreign valuta
  • handle financial transactions

What stands in the way is 6 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 18 skills that carry over, these are the ones fewest other occupations ask for. A foreign exchange trader role needs them, and most people applying for one will not have them already. This is the part of a financial markets back office administrator 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 trade securities communication, collaboration and creativity
  • already held stock market business, administration and law
  • already held commercial law business, administration and law
  • already held maintain records of financial transactions information skills

All 18 carried skills, including the 7 the foreign exchange trader role treats as required.

Table 3

Table 3 · What you would need to learn

The 11 missing skills fall into 4 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 6 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 manage financial risk 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 business, administration and law 1 supplementary
  • optional, not held international trade optional
03 communication, collaboration and creativity 1 supplementary
  • optional, not held advise on financial matters optional
04 management skills 1 supplementary
  • optional, not held operate financial instruments optional
Table 4

Table 4 · Where to start

The 3 entries a foreign exchange trader 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 18 skills that carry over
Skill Type
  • already held commercial law knowledge
  • already held economics knowledge
  • already held financial jurisdiction knowledge
  • already held financial markets knowledge
  • already held foreign valuta knowledge
  • already held handle financial transactions skill
  • already held trade foreign currencies skill
  • already held accounting knowledge
  • already held actuarial science knowledge
  • already held banking activities knowledge
  • already held financial products knowledge
  • already held international commercial transactions rules knowledge
  • already held maintain records of financial transactions skill
  • already held securities knowledge
  • already held statistics knowledge
  • already held stock market knowledge
  • already held trace financial transactions skill
  • already held trade securities skill
5 supplementary skills, helpful but not required
Skill to acquire Tier
  • optional, not held advise on financial matters optional
  • optional, not held international trade optional
  • optional, not held monitor stock market optional
  • optional, not held operate financial instruments optional
  • optional, not held perform stock valuation optional
11 held skills the foreign exchange trader role does not ask for
Skill Type
  • not needed by the target role communicate with banking professionals 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 handle paperwork skill
  • not needed by the target role manage administrative systems skill
  • not needed by the target role manage contracts skill
  • not needed by the target role manage securities trading skill
  • not needed by the target role office administration knowledge
  • not needed by the target role office software knowledge
  • not needed by the target role perform clerical duties skill
  • not needed by the target role provide financial product information skill
1 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
  • optional, not held international trade optional
Index

Other moves recorded from financial markets back office administrator

Full index of moves from financial markets back office administrator

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.