Required skills

communication skills to

determine and confirm client and organisational requirements using questioning and active listening as required

disseminate accurate market information

liaise with others share information listen and understand

use language and concepts appropriate to cultural differences

numeracy and IT skills to

apply statistical techniques and make elementary probability calculations

use spreadsheets and databases

access internet information

highly developed research and analysis skills for accessing interpreting and managing complex information

welldeveloped literacy skills to

read and interpret organisational and industry information

identify economic environmental factors which affect financial services and markets

produce reports

judgement skills for forming recommendations in complex situations

organisational skills including the ability to plan and sequence work and work effectively in a constantly changing environment

selfmanagement skills for complying with ethical legal and procedural requirements

Required knowledge

roles played by intermediaries and issuers

financial service providers

banks

brokers

investment banks

building societies

money brokers

financial companies

stock brokers

futures brokers

friendly societies

the economic environment including

characteristics and impacts of economic and business cycles

government monetary and fiscal policies

interest rates exchange rates inflation

interrelationships between financial industry sectors and participants

structure and interrelationships within the financial markets

sources of market and comparative data

statistical reporting formats

methods of market data analysis

economic concepts

relevant legislation including privacy and freedom of information legislation

data collection and management systems

organisational guidelines goals and objectives

theories of investment portfolio management and management of investment risk

The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria required skills and knowledge range statement and the Assessment Guidelines for the Training Package

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the ability to

interpret and use economic concepts

identify market participants economic trends and market development and monitor and evaluate changes in market conditions using a range of data sources

work within legal and ethical constraints and access market information and produce reports using relevant data analysis methods and techniques

formulate and draw effective conclusions from the correct interpretation of data analysis

Context of and specific resources for assessment

Assessment must ensure

competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment

access to and the use of a range of common office equipment technology software and consumables

access to financial markets information

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge The following examples in combination are appropriate for this unit

evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency

verbal or written questioning on underpinning knowledge and skills

setting and reviewing workplace projects and business simulations or scenarios

evaluating samples of work

accessing and validating third party reports

Guidance information for assessment

Financial markets may include:

Participants may include:

Economy factors may include:

Analysis:

Organisational requirements may be outlined and reflected in:

Information may be evaluated for:

Legislative requirements may include:

Methods of analysis may include:

Comparative market data may include:

Economic trends and market developments may include:

Relevant persons may include:

Legal and ethical constraints may include: