The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Identify and assess licensing and regulatory environment
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Develop and maintain frameworks for management obligations for licensing and prudential requirements on products and services offered by organisation Completed |
Evidence:
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Critically analyse existing organisational governance over obligations, licensing and prudential requirements Completed |
Evidence:
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Maintain registers of obligation according to organisational policies and procedures Completed |
Evidence:
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Communicate updates to licensing and regulatory obligations to staff Completed |
Evidence:
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Communicate knowledge of products and services offered
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Inform staff of financial products and services offered by organisation, requirements of industry organisations and service providers Completed |
Evidence:
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Identify for staff features and processes of specific products and services Completed |
Evidence:
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Conduct research and engage in continuous professional development to improve and inform knowledge of industry product and service developments Completed |
Evidence:
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Communicate updates to industry products and service developments to staff Completed |
Evidence:
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Maintain and manage stakeholder relationships
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Establish protocols for regulatory engagement Completed |
Evidence:
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Identify and manage key trends of the regulatory environment Completed |
Evidence:
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Critically analyse proposed responses to regulatory changes Completed |
Evidence:
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Manage regulatory requests with appropriate stakeholders according to organisational policies and procedures Completed |
Evidence:
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Update relevant systems with details of regulatory interactions within required time frames Completed |
Evidence:
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Monitor and supervise work for compliance
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Access and monitor legislation and regulatory information applicable to relevant work practices Completed |
Evidence:
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Monitor client interactions to ensure advisory limitations required by the regulator are met Completed |
Evidence:
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Establish and maintain work practices with required documentation to comply with legislative guidelines Completed |
Evidence:
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Monitor all work for adherence to accepted codes of conduct and escalate incidents of non-compliance to appropriate personnel Completed |
Evidence:
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Review work for compliance
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Review completed and current work of team members to confirm compliance to established work practices Completed |
Evidence:
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Provide appropriate feedback to individuals on compliant and non-compliance work practice Completed |
Evidence:
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Investigate and escalate non-compliant work practices according to organisational policies and procedures Completed |
Evidence:
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Implement and assess workplace practices
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Identify and assess implementation of workplace processes and procedures within area of responsibility Completed |
Evidence:
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Critically analyse implementation of licensing and regulatory changes Completed |
Evidence:
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Identify areas for improvement in workplace procedures and make recommendations to appropriate personnel Completed |
Evidence:
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Implement and monitor organisational quality assurance measures and systems as required, and document results Completed |
Evidence:
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Prepare documents to meet regulatory requirements Completed |
Evidence:
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Critically analyse reports to be submitted to regulators Completed |
Evidence:
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