What is a money manager and how to become one

Key steps to become a money manager

1. Explore money manager education requirements

   Most common money manager degrees

   Bachelor's

   59.4 %

   Associate

   13.8 %

   High School Diploma

   12.3 %

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2. Start to develop specific money manager skills

   Skills	Percentages
   BSA	18.42%
   Anti-Money Laundering	14.74%
   Bank Secrecy Act	10.78%
   OFAC	8.75%
   Transaction Monitoring	7.93%

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3. Complete relevant money manager training and internships

   Accountants spend an average of 1-3 months on post-employment, on-the-job training. New money managers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a money manager based on U.S. Bureau of Labor Statistics data and data from real money manager resumes.

4. Research money manager duties and responsibilities

   • Decrease manual processing time by successfully managing the implementation of a new software system for the BSA unit.
   • Assist clients with addressing BSA, AML & OFAC requirements resulting from regulatory actions against the clients.
   • Process fundamental and technical analysis for strategic trading of equities.
   • Assist in implementing effective procedures for the ACH department.

5. Apply for money manager jobs

   Now it's time to start searching for a money manager job. Consider the tips below for a successful job search:

   1. Browse job boards for relevant postings
   2. Consult your professional network
   3. Reach out to companies you're interested in working for directly
   4. Watch out for job scams