Application
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.
Elements and Performance Criteria
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 Performance
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.
Evidence of Knowledge
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 Conditions
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.
Foundation Skills
This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.
Skill | Performance Criteria | Description |
Reading | 1.3, 1.4, 2.1- 2.3 | Researches and analyses information relevant to the operational role |
Writing | 1.1, 1.3, 3.2 | Records information and completes documentation using protocols and procedures appropriate for the audience and purpose |
Oral Communication | 2.2, 3.2 | Determines and confirms work requirements, using questioning and active listening as required Participates effectively in verbal exchanges to share and report information |
Numeracy | 1.3, 1.4, 2.3, 3.1-3.3 | Uses mathematical equations to perform calculations and comparisons of financial and numerical information |
Navigate the world of work | 1.1-1.4, 2.1, 2.3, 3.2-3.3 | Uses a broad range of strategies to maintain currency of knowledge Takes responsibility for following legislative and organisational compliance requirements |
Interact with others | 3.2 | Selects and uses appropriate conventions and protocols when communicating with colleagues |
Get the work done | 1.3, 1.4, 2.1-2.3, 3.1-3.3 | Plans, organises and implements tasks, aiming to achieve them efficiently and effectively Makes routine decisions and implements standard procedures for routine tasks, using formal decision-making processes for more complex and non-routine situations Uses the main features and functions of digital tools to complete work tasks and find information |
Sectors
Financial markets