Facebook

L4 Banking Programme

FQL4B
Price:
$2,035.00 +GST Non-member
$1,865.00 +GST Learning Partner
$1,696.00 +GST IBANZ Member

The Banking strand is tailored for the Banking industry and provides an understanding of lending principles, different types of account structures and personal home and lending options.

The qualification is suitable for entry level people into the Banking industry who are looking for an overview of the financial services industry, current regulations and products and services available to clients.

For those working it is expected to take 12 months part time. 

All unit standards are assessed by PIQ's NZQA qualified assessors.


Learning Units Included

Financial Services Environment in NZ

28199

This Unit Standard will allow you to demonstrate knowledge of the financial services environment in New Zealand.

This unit Standard is made up of three parts:

Part 1 - Key Sectors and responsibilities within the finance sector

  • What does the finance industry do? 
  • Key Roles and Sectors within the finance industry.
  • How do the roles and sectors relate to each other?

Part 2 - Public and Community Support Services and the Finance Sector

  • Key Public and community support services?
  • What is their role ?
  • How these meet consumer needs.

Part 3  - Finance and the New Zealand Economic Environment

  • Overview of the economic environment.
  • Key economic factors Impacting the financial services sector.
  • How these factors influence consumer needs.

Assessment is by way of written answers 

 

Objectives
  • Discuss Key sectors within the Financial services industry and the interactions between them.
  • Explain the factors affecting the sector and the resulting influence they have on consumers.
  • Discuss Public and Community sector support services and the impact they have on consumer needs.


Application of Regulatory Responsibilities

28200

This Unit Standard will allow you to demonstrate knowledge of the financial services regulatory compliance and advice process environment in New Zealand.

This unit Standard is made up of three parts:

Part 1 - Key Legislation and Responsibilities

  • Regulations and Legislation governing the Financial Services Industry.
  • Financial Advisers framework
  • Client care and information
  • Consumer and company legislation
  • Legislation relating indirectly to the financial services sector.   

Part 2 - Codes of Practice and Regulations

  • Codes of Practice
  • Financial Services employees ethical practice
  • Disputes resolution
  • Applying the rules

Part 3  - Using the Six Step Advice Process

  • The six step process for the provision of Financial Advice
  • Key economic factors Impacting the financial services sector.
  • How these factors influence consumer needs.

Assessment is by way of written answers, and provision of a case study to outline processes.

Objectives
  • Apply the Six Step process and display Professional and ethical behavior.
  • Discuss codes of practise and complaints handling
  • Apply the codes of practice, legislation to a range of situations
  • Apply principles of professionalism when providing financial services


Financial Products and Services for Clients parts 1,2

28197

Part 1 - Understand Financial Products and Services;

  • Financial products and/or services; Savings & Investment; Insurance; Loans & Mortgages; Superannuation & Other Retirement Schemes; Banking & other financial products and/or Services

Part 2 –Relating to your Client

  • Using the Six Step Process to provide
  • Client profile
  • Communication and client attitude in a cultural context
  • Communication with client

 

Objectives
  • Apply the six step process to a range of standard financial situations to identify products and services to meet clients’ needs by providing appropriate recommendations or referrals.
  • Discuss products and services used in different industry sectors by including at least three different products or services, from at least two different industry sectors.


Financial Products and Services for Clients part 3

28201

Part 3 – Putting it all together

  • Establish a client relationship
  • Identify client objectives needs and financial situation
  • Analyse the client need
  • Present the strategy and solutions to the client in a way that the client understands
  • Agree and finalise a financial solution with the client
  • Agree on and provide ongoing client service
Objectives
  • Understand how the level of understanding may be impacted by matters such as financial literacy, numeracy, literacy and language skills including where English is a second language, and disability.
  • Understand how customers’ different attitudes and experiences will influence their approach to financial decision making, and communicate financial information in a way that recognises clients’ cultural background and level of understanding.


Banking Industry in New Zealand

28202

Part 1 – Banking Products and Services

  • Banking sector overview
  • The role of the Banking sector
  • None Bank financial institutions
  • Banking products and services

 Part 2 –  Bank Account Structures

  • Ownership of Accounts
  • Personal Accounts
  • Business Accounts
  • Bank Accounts and the Broker

 Part 3 –  The Lending Process

  • Mortgaging and Insurance
  • Mortgagee sales
    • Mortgagee holiday

     

    Objectives
    • Discuss characteristics of a range of services and products, including personal transactions, savings, personal lending and home lending products and delivery channels. Discuss options for ownership and explain the importance of understanding how and by whom accounts are to be operated.
    • Understand specific issues that may affect the application and approval, management, collections and recoveries processes.
    • Apply the six step process to a range of standard banking situations to identify appropriate products and services to meet clients’ needs. Discuss products and services specific to the banking sector, at a level that is appropriate to be able to work in an entry level or intermediate operational role.
    • Understand the lending process from initial application to final repayment. Including assessment, approval, management, collections and recoveries


    © Copyright Professional IQ College Ltd. Private information collected for this website is governed by our Privacy Policy. Read our Terms & Conditions
    Level Five, 280 Queen Street, Auckland Central 1010

    Powered by streamSWEET CMS