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Elements and Performance Criteria

  1. Provide customer service
  2. Process basic financial transactions
  3. Administer the transaction process

Required Skills

Required skills

communication skills to

determine and confirm customer transaction requirements using questioning and active listening as required

resolve customer issues and conflicts

liaise with others share information listen and understand

use language and concepts appropriate to cultural differences

numeracy and IT skills to

calculate transaction details

check transactions

access and use computerbased databases and systems

problem solving and dispute resolution skills to address customer transaction issues

literacy skills to read documents and complete forms and records accurately

organisational skills including the ability to plan and sequence work

teamwork skills to work cooperatively with others

selfmanagement skills for complying with organisational procedures and requirements

Required knowledge

organisation products available and features

policies and procedures in regard to customer account service and techniques

relevant legislation and statutory requirements and industry codes of practice including

Consumer Credit Code

Privacy Act

Credit Act

security checking procedures

the operation and maintenance of equipment which may include

security equipment

transaction terminals

numerical display boards

calculators

scanners

Evidence Required

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

thoroughly check customer account details

interpret and comply with relevant legislation

follow customer complaint and dispute resolution policies and procedures

maintain and use knowledge of range of products features and fees

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 services product information

access to an integrated financial transaction system and data

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

observing processes and procedures in workplaces

verbal or written questioning on underpinning knowledge and skills

accessing and validating third party reports

Guidance information for assessment


Range Statement

The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.

Information may be related to:

account services, including:

savings

retirement

superannuation

investment services

processes for completing transactions including:

cash or non-cash transactions

EFTPOS

cheques

credit cards

the interests of customer include knowledge of the changing circumstances of the customer and how these contexts influence customer needs in relation to financial, retirement, investment and other services.

Authorised personnel may include:

dispute resolution officer

employees

supervisors and managers.

Transactions may be processed:

using manual or electronic systems

using the standard procedures and systems of the financial services institution

and may include:

bank cheques

credit card transactions

debits such as from:

savings accounts

cheque accounts

inward credits

payroll deductions

periodic payments.

The relevant financial services organisation's policies, procedures and systems may relate or be influenced by:

administrative and clerical systems

database and IT systems

product and account and service range

range of responsibility

size, type and location of branch

types of equipment used.