Tag Archives: proz

Why am I a financial translator?

Why am I a financial translator?

By Francesca Airaghi

Boring? It is not!

I might have done something else in my life. However, I have always wished to become a translator.
I could translate tourist guides, I love travelling! Possibly cookbooks, I like cooking!

Why am I a financial translator? In the beginnings, it was by chance. I started working in-house at a translation company specialising in finance and law. My educational background was foreign languages and literature. Over the years, I attended numerous courses on economics and the capital markets and worked side by side with experts. I have been a financial translator for more than 20 years now, and if you ask me why I am a financial translator, the answer is that I like it. I love my job.

Financial translation may be challenging though rewarding. People think it is boring or too complex and overlook a specialisation that can be profitable, a constantly growing sector. Volumes are increasing (there is a recent Deloitte study confirming it), and the financial translation sector is very wide, spanning from accounting such as annual reports, financial statements, to investment funds and asset management, banking, international trade, or corporate communication. A translator might know a lot about accounting but almost nothing about financial markets or asset management, or might not have the writing skills to translate corporate communication. You can choose to specialise in a niche. As a financial translator, I work with global companies, leading banks, worldwide asset managers. They are usually good paying clients.



Why would I recommend to other translators to specialise in finance? If you like being a translator, you certainly like continuous learning. Financial translators must keep up to date with current affairs, financial news, global events. It may be time consuming sometimes, though it is interesting and rewarding. Financial translation involves technical terminology and the knowledge of a special language, which is at the same time informative and emotional. First of all, financial translators need to understand the subject matter very well in order to translate appropriately.

Unfortunately, based on my experience as proofreader and recruiter, there are not so many professional financial translators. There is a lack of training courses in the field of financial translation that teach you the most common traps and give you the basics to understand finance and economics, how to find the resources and develop the appropriate communication skills. I constantly receive mentoring requests from my students and when I go to translation conferences, financial translators are always in very small number. My host Marcel Solé is a passionate trainer of financial translation from English into Spanish, and I am happy we had chance to meet and exchange ideas on the financial translation industry and specifically on teaching financial translation.

In October and November, I will conduct a 5 webinar series on financial translation on Prozcom, preceded by an introductory session on “How to become a successful financial translator”. The webinars will be conducted in Italian and will focus on English and Italian financial terminology. You can learn to be more confident in translating financial statements, economic news, and investment funds. To become a good financial translator, you need to understand. Starting from basic concepts (the Stock Exchange, return, inflation, the banking system), I will go through real-life examples of economic and financial language and frequent documents. You can learn the most common terminology in English and Italian and how to avoid the main tricks and traps for a financial translator (urgent assignments, technical terminology, special language). You can register for one webinar or for the entire series. Why? Because financial translation is not at all boring and could be a very profitable and rewarding specialisation. After more than 20 years translating, I would like to share what I have learned… and still learning.

Chasing money

Francesca Airaghi · Financial Translator

International trade for translators and interpreters

Proz Webinar: International Trade

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International trade produces a large volume of documents, which must be written, translated and adapted by specialized professionals. Ignorance of this field can lead to miscommunication and misunderstandings and, too often, to absurd, hardly decipherable translations. Translation agencies make sure to hire interpreters, translators and proofreaders who are familiar with this specialized terminology. Thus, it is a must to learn the concepts and terms of international trade in order to deal with its technical documents. International trade, as part of the business and financial translation, not only directly impacts corporate and business documents produced by import & export companies and banks, but also business and financial media, the translation of Commercial Codes and international organizations’ publications. It is also a very relevant field for interpreters, since they often take part in foreign trade negotiations (trading, bargaining, agreements, disputes, litigations…)

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Target Audience

Newbie translators who wish to specialize in the International Trade sector
Freelance translators specializing in Business and Finance
Interpreters
Project Managers
Proofreaders
Foreign Trade workers (exporters, importers, forwarders, shippers, consignees, traders… )
Finance and business professionals

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Learning Objectives

At the end of this webinar, attendees will have gained a basic understanding of:

  • Terms and concepts commonly used in international trade
  • Documents used in International Trade
  • Main tricks on how to become a translator / interpreter specializing in International Trade
  • How to find comprehensive listings of and links to International trade and business terminology
  • Some clues on how to find a job as a translator/interpreter in this industry

Traducción finanzas

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Marcel Solé is a financial translator, proofreader and trainer. He holds a Higher Technician diploma in Finance, Marketing and International Trade and obtained an International Certificate in Financial English and a Certificate of Proficiency in English (University of Cambridge, Cambridge English). He also obtained a Diploma in Financial Translation from English to Spanish with honors. Marcel has worked ten years as a translator and Project Manager for translation agencies, outstanding business schools —listed among the top 25 by Financial Times and the Economist— and publishing companies. He has been training translators, interpreters and financial professionals over the last years. Marcel is also the author of the blog www.financial-translator.com

Financial Translator

 

Upcoming webinar: International Financial Reporting Standards

Normas Internacionales de Información Financiera

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NIIF / IFRS

Las Normas Internacionales de Información Financiera (NIIF) están diseñadas como un lenguaje global común haciendo compatibles y comparables los estados financieros de las empresas a través de fronteras internacionales. Son el resultado de la creciente internacionalización empresarial y son especialmente importantes para las empresas que tienen relaciones con varios países . Están sustituyendo progresivamente la multitud de normas nacionales de contabilidad.

En este webinar abordaremos la traducción y adaptación de la normativa más importante en las finanzas internacionales.
Las Normas Internacionales de Información Financiera (NIIF), también conocidas por sus siglas en inglés como IFRS (International Financial Reporting Standards) son los estándares o normas internacionales en el desarrollo de la actividad contable y financiera internacional. Suponen un impacto enorme en todo tipo de documentación financiera a nivel global, ya que son muchos los países que las han adoptado o las están adoptando.
Estas normas aparecen en un sinfín de traducciones legales y financieras internacionales, y son imprescindibles a la hora de abordar la traducción financiera en su conjunto.

International Financial Reporting Standards

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By Financial Translator