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Automation Risk Analysis

Will “Foreign Banknote Teller Trader” be Automated?

Historical Context: Oxford Study (2013)

Ranked #683 of 702. Estimated risk: 98.0%

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AI Exposure Risk

58%

“Foreign Banknote Teller Trader” will maybe be replaced by AI.

Based on the cognitive demands, communication requirements, and logical reasoning intrinsic to this occupation according to O*NET data, we project a 58% probability of disruption by generative AI and Large Language Models.

Automation & Robot Risk

45%

“Foreign Banknote Teller Trader” will probably not be replaced by robots.

Evaluating the physical dexterity, repetitive motion tasks, and manual labor associated with this role, our analysis indicates a 45% likelihood of substitution by advanced robotics systems.

Personal & Financial Insights

Every occupation has a unique profile. For Tellers, the Bureau of Labor Statistics and O*NET classify the day-to-day work broadly as: Receive and pay out money. Keep records of money and negotiable instruments involved in a financial institution's various transactions.

Avg. Annual Salary $40,940
Avg. Hourly Wage $19.68
Available Jobs (US) 339,340
Job Title & Hierarchy Code (SOC) Tellers #43-3071
Wage vs. National Median
ℹ️

Data is based on the reference occupation: “Tellers”

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Core Skills & Abilities

  • Carry out special services for customers, such as ordering bank cards and checks.

  • Inform customers about foreign currency regulations and compute transaction fees for currency exchanges.

  • Balance currency, coin, and checks in cash drawers at ends of shifts and calculate daily transactions, using computers, calculators, or adding machines.

  • Arrange monies received in cash boxes and coin dispensers according to denomination.

  • Answer telephones and assist customers with their questions.

  • Examine checks for endorsements and to verify other information, such as dates, bank names, identification of the persons receiving payments, and the legality of the documents.

  • Count, verify, and post armored car deposits.

  • Receive and count daily inventories of cash, drafts, and travelers' checks.

  • Prepare and verify cashier's checks.

  • Monitor bank vaults to ensure cash balances are correct.

  • Cash checks and pay out money after verifying that signatures are correct, that written and numerical amounts agree, and that accounts have sufficient funds.

  • Explain, promote, or sell products or services, such as travelers' checks, savings bonds, money orders, and cashier's checks, using computerized information about customers to tailor recommendations.

  • Process transactions, such as term deposits, retirement savings plan contributions, automated teller transactions, night deposits, and mail deposits.

  • Quote unit exchange rates, following daily international rate sheets or computer displays.

  • Process and maintain records of customer loans.

  • Enter customers' transactions into computers to record transactions and issue computer-generated receipts.

  • Issue checks to bond owners in settlement of transactions.

  • Resolve problems or discrepancies concerning customers' accounts.

  • Identify transaction mistakes when debits and credits do not balance.

  • Perform clerical tasks, such as typing, filing, and microfilm photography.

  • Compose, type, and mail customer statements and other correspondence related to issues such as discrepancies and outstanding unpaid items.

  • Obtain and process information required for the provision of services, such as opening accounts, savings plans, and purchasing bonds.

  • Compute financial fees, interest, and service charges.

  • Sort and file deposit slips and checks.

  • Receive mortgage, loan, or public utility bill payments, verifying payment dates and amounts due.

  • Order a supply of cash to meet daily needs.

  • Count currency, coins, and checks received, by hand or using currency-counting machine, to prepare them for deposit or shipment to branch banks or the Federal Reserve Bank.

  • Receive checks and cash for deposit, verify amounts, and check accuracy of deposit slips.

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  • Document printers
  • Passbook printers
  • Check validation printers
  • Personal computers
  • Desktop computers
  • 10-key calculators
  • Receipt printers
  • Cash advance terminals
  • Vault security alarms
  • Microfilmers
  • Online video terminals
  • Checkwriters
  • Teller terminals
  • Journal printers
  • Teller alarms
  • Filmers
  • Automatic teller machines ATMs
  • Check encoders
  • Official check imprinters
  • Scanners
  • Currency counters