Required skills

welldeveloped communication skills to

determine and confirm organisational trading limitrequirements using questioning and active listening as required

provide advice on trading limits to others

liaise with others share information listen and understand

use language and concepts appropriate to cultural differences

numeracy and IT skills to

apply statistical techniques

use spreadsheets and databases

useinternet information

highly developed research and analysis 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 trading information

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

the economic environment including

characteristics and impacts of economic and business cycles

government monetary and fiscal policies

interest rates exchange rates inflation

data collection and management systems

organisational guidelines goals and objectives

structure and interrelationships within the financial markets

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

identify and monitor financial trading limits using a range of data sources

deal effectively and promptly with financial trading limit breaches following all required industry and organisational policies and procedures

access and comply with relevant legislation affecting financial trading

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

Types of trading limits in an organisation may include consideration of:

Relevant personnel may include:

Approving limit breaches may involve:

Organisational guidelines may include: