Specifications of the qualifications and experience required of staff
Learning Outcomes
On successful completion of this module the learner will be able to:
#
Learning Outcome Description
LO1
Develop and apply a specialised knowledge of financial products / services in their International Financial Services role
LO2
Explain specialised financial products / services that are central to their role, communicating complex concepts clearly and simply to others.
LO3
Respond appropriately to questions or queries on specialised financial products / services.
LO4
Identify gaps in financial product / service knowledge, and take responsibility and actions to develop this knowledge.
LO5
Keep up to date with changes in financial products / services that are central to their role.
Dependencies
Module Recommendations
This is prior learning (or a practical skill) that is required before enrolment on this module. While the prior learning is expressed as named NCI module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Entry requirements
Module Content & Assessment
Indicative Content
Overview
The Occupational Profile for an IFS Associate recognises that a core area of knowledge for an Apprentice centres on products and services.
This module is a Work-Based module, which will be delivered in the workplace. Learners will have responsibility for generating evidence that satisfies the Learning Outcomes, and the preparation of a Work-Based Portfolio to present the evidence.
Learners will benefit from the support and guidance of a Workplace Mentor who will be resident at their place of employment. This will enable ease of access to learning opportunities and make support available from the Mentor. In addition, Learners will be assigned an Academic Supervisor who will be a source of support and guidance, and will also monitor the progress of the Learner toward the achievement of Learning Outcomes for the Module.
Apprentices will learn about the products and services that are central to working in the IFS sector. Learning opportunities will be provided by the employer for the learner to satisfy the professional standards of product / service knowledge and skills that are required for their role. The Academic Supervisor will monitor their progress on a weekly basis, additionally the Workplace Mentor will formally monitor progress once a month, at a minimum. The key elements of the module curriculum will be oriented towards the apprentice role.
Fund Administration
Different Fund structures, including:
• Regular
• Managed
• Mutual
• Hedge
• Key parties involved;
• Key terms.
• Third party invoices
• Reconciliation
• Expense allocation
• Key parties involved;
• Key terms
Assessment Breakdown
%
Workplace Assessment
100.00%
Assessments
Full Time
No Coursework
No End of Module Assessment
Workplace Assessment
Assessment Type:
Assignment (0350)
% of total:
70
Assessment Date:
n/a
Outcome addressed:
1,2,3
Non-Marked:
No
Assessment Description: PRESENTATION.
The assessment for this module will comprise the generation of a Work-Based Portfolio. The portfolio will be organised and evidenced by the Learner, with Mentor and Supervisor support and guidance. A range of varied evidence can be presented to satisfy the learning outcomes.
Suitable evidence for the Work-Based Portfolio for this module include:
• Q & A session; presentation; video or audio recording; Output from the job; observation; witness statement.
• Training attended; training certified; reflection and assessment of product knowledge; witness statement; output from work.
Assessment Type:
Assignment (0350)
% of total:
30
Assessment Date:
n/a
Outcome addressed:
1,4,5
Non-Marked:
No
Assessment Description: Assignment on Product Knowledge: changes and assessment of product knowledge
Reassessment Requirement
Coursework Only This module is reassessed solely on the basis of re-submitted coursework. There is no repeat written examination.
NCIRL reserves the right to alter the nature and timings of assessment
Module Workload
Module Target Workload Hours 0 Hours
Workload: Part Time
Workload Type
Workload Description
Hours
Frequency
Average Weekly Learner Workload
Lecturer-Supervised Learning (Contact)
Academic Supervisor visits
2
Every Week
2.00
Seminars
A Work-Based Portfolio tutorial will be delivered each week of their attendance at college in the two academic years, for one hour. The aim of this tutorial is to guide, support, and monitor the progress of learners toward the achievement of their work-based modules. The tutorial is delivered by the learner’s assigned Academic Supervisor. In addition, the Academic Supervisor will monitor the progress of the learner in the generation of evidence and completion of the module
26
Every Week
26.00
Workbased learning
No Description
51
Every Week
51.00
Directed Learning
Directed elearning
20
Every Week
20.00
Independent Learning
No Description
26
Every Week
26.00
Total Weekly Contact Hours
99.00
Module Resources
This module does not have any book resources
This module does not have any article/paper resources
Other Resources
The IFS employing organisation will be
the main source of supporting resources.
Commonly IFS organisations have
e-learning resources that can be
accessed to support learning, as well as
other learning supports..