Financial services administrator
Legal, finance and accounting
Level 3 -
Providing administrative support to a financial organisation, to provide a high quality and compliant service.
Reference: OCC0177
Status:
SOC 2020 sub unit groups:
- 4129/99 Finance administrative occupations n.e.c.
- 3533/99 Financial and accounting technicians n.e.c.
- 4123/01 Bank and building society clerks
Technical Education Products
Employers involved in creating the standard:
Financial, Openwork, Sesame, Bankhall Group, Simply Biz, Tenet
Summary
Financial Services Administrator (Adviser firm or Network) ‘Adviser Firm’: An SME business providing regulated financial planning / mortgage / insurance advice ‘Network ’: An umbrella company providing support services to groups of Financial Adviser Firms Overview: The Financial Advice market consists of c19000 SME businesses split approximately 75% financial advice, 25% mortgage advice. These SME businesses are supported by umbrella organisations known as networks who provide a range of support services to the individual businesses including technology, compliance, technical & consultancy support. Due to recent changes, more administrative support is required by firms in order to provide an efficient, high quality and compliant service to their clients. The Financial Administrator standard responds to this demand whilst also providing an ideal entry point for a career in the sector, with progression routes leading to a number of roles with full professional qualifications. Typical activities that this role might carry out are listed overleaf.
Employers involved in creating the standard:
Financial, Openwork, Sesame, Bankhall Group, Simply Biz, Tenet
Typical job titles include:
Keywords:
Knowledge, skills and behaviours (KSBs)
Occupational Progression
This occupational progression map shows technical occupations that have transferable knowledge and skills.
In this map, the focused occupation is highlighted in yellow. The arrows indicate where transferable knowledge and skills exist between two occupations. This map shows some of the strongest progression links between the focused occupation and other occupations.
It is anticipated that individuals would be required to undertake further learning or training to progress to and from occupations. To find out more about an occupation featured in the progression map, including the learning options available, click the occupation.
Progression decisions have been reached by comparing the knowledge and skills statements between occupational standards, combined with individualised learner movement data.
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Legal, finance and accounting