Assessor Resource

FNSFMK403
Interpret financial markets information

Assessment tool

Version 1.0
Issue Date: May 2024


This unit describes the skills and knowledge required to access, interpret and analyse relevant aspects of market information to inform operational functions and identify and assess risks in dealing with financial transactions and settlements.

It applies to individuals who use specialised knowledge, systematic approaches and analytical skills to make judgements to support the organisation’s operational requirements.

No licensing, legislative or certification requirements apply to this unit at the time of publication.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)


Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Relate financial markets information to operational roles

1.1 Recognise different sectors that occur within the financial market and relate appropriately to financial market’s operational role

1.2 Consistently apply knowledge of relationship between financial market sectors, participants and the economy

1.3 Set clear and quantifiable parameters for identification and sourcing of information in accordance with legislative and organisational requirements

1.4 Access and interpret market information and data in terms of validity, reliability and relevance to defined operational tasks

2. Interpret market information and assess risk

2.1 Identify and evaluate economic trends and market developments in terms of potential implications and impacts on operations, including compliance with relevant legislation

2.2 Identify potential operational risk for organisation and clients, and determine contingencies to manage risk in accordance with organisational and industry standards

2.3 Use sound judgement to ensure consistency of interpretations based on available information sources

3. Apply market data

3.1 Prioritise market performance, trends and risk identification associated with operational tasks

3.2 Apply market data to operational role and report any issues requiring supervision or guidance to relevant persons in accordance with organisational requirements

3.3 Apply market information and data to operations in accordance with relevant legal and ethical constraints and organisational requirements

Evidence of the ability to:

work within the legal and ethical constraints for financial markets operations and comply with organisational requirements

source, collect and interpret, using appropriate parameters, relevant financial markets information

make operational judgements using the correct interpretation of data.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

identify key roles played by market participants, intermediaries and issuers including:

ASX

custodians

managed fund providers

retail and wholesale clients

superannuation fund providers

financial service providers

banks

brokers

building societies

financial companies

friendly societies

interpret key features of the economic environment including:

broad characteristics and impacts of economic and business cycles

government monetary and fiscal policies

interest rates, exchange rates and inflation

trends and market development affecting the information being analysed

explain the key interrelationships between industry sectors and financial markets

compare and contrast:

sources of market and comparative data

statistical reporting formats

data collection and management systems

outline key parameters for evaluating information

describe the key features of:

relevant legislation, including privacy and freedom of information legislation

ethical constraints and codes of practice

organisational policy, guidelines, goals and objectives

risk identification and mitigation techniques.

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the financial markets field of work and include access to:

office equipment, technology, software and consumables

financial markets information sources.

Assessors must satisfy NVR/AQTF assessor requirements.

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Relate financial markets information to operational roles

1.1 Recognise different sectors that occur within the financial market and relate appropriately to financial market’s operational role

1.2 Consistently apply knowledge of relationship between financial market sectors, participants and the economy

1.3 Set clear and quantifiable parameters for identification and sourcing of information in accordance with legislative and organisational requirements

1.4 Access and interpret market information and data in terms of validity, reliability and relevance to defined operational tasks

2. Interpret market information and assess risk

2.1 Identify and evaluate economic trends and market developments in terms of potential implications and impacts on operations, including compliance with relevant legislation

2.2 Identify potential operational risk for organisation and clients, and determine contingencies to manage risk in accordance with organisational and industry standards

2.3 Use sound judgement to ensure consistency of interpretations based on available information sources

3. Apply market data

3.1 Prioritise market performance, trends and risk identification associated with operational tasks

3.2 Apply market data to operational role and report any issues requiring supervision or guidance to relevant persons in accordance with organisational requirements

3.3 Apply market information and data to operations in accordance with relevant legal and ethical constraints and organisational requirements

Evidence of the ability to:

work within the legal and ethical constraints for financial markets operations and comply with organisational requirements

source, collect and interpret, using appropriate parameters, relevant financial markets information

make operational judgements using the correct interpretation of data.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

identify key roles played by market participants, intermediaries and issuers including:

ASX

custodians

managed fund providers

retail and wholesale clients

superannuation fund providers

financial service providers

banks

brokers

building societies

financial companies

friendly societies

interpret key features of the economic environment including:

broad characteristics and impacts of economic and business cycles

government monetary and fiscal policies

interest rates, exchange rates and inflation

trends and market development affecting the information being analysed

explain the key interrelationships between industry sectors and financial markets

compare and contrast:

sources of market and comparative data

statistical reporting formats

data collection and management systems

outline key parameters for evaluating information

describe the key features of:

relevant legislation, including privacy and freedom of information legislation

ethical constraints and codes of practice

organisational policy, guidelines, goals and objectives

risk identification and mitigation techniques.

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the financial markets field of work and include access to:

office equipment, technology, software and consumables

financial markets information sources.

Assessors must satisfy NVR/AQTF assessor requirements.
Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Recognise different sectors that occur within the financial market and relate appropriately to financial market’s operational role 
Consistently apply knowledge of relationship between financial market sectors, participants and the economy 
Set clear and quantifiable parameters for identification and sourcing of information in accordance with legislative and organisational requirements 
Access and interpret market information and data in terms of validity, reliability and relevance to defined operational tasks 
Identify and evaluate economic trends and market developments in terms of potential implications and impacts on operations, including compliance with relevant legislation 
Identify potential operational risk for organisation and clients, and determine contingencies to manage risk in accordance with organisational and industry standards 
Use sound judgement to ensure consistency of interpretations based on available information sources 
Prioritise market performance, trends and risk identification associated with operational tasks 
Apply market data to operational role and report any issues requiring supervision or guidance to relevant persons in accordance with organisational requirements 
Apply market information and data to operations in accordance with relevant legal and ethical constraints and organisational requirements 

Forms

Assessment Cover Sheet

FNSFMK403 - Interpret financial markets information
Assessment task 1: [title]

Student name:

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I declare that the assessment tasks submitted for this unit are my own work.

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Result: Competent Not yet competent

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Assessment Record Sheet

FNSFMK403 - Interpret financial markets information

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

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Signature:

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Student signature:

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