National Certificate in Banking (NQF 5)
The National Certificate in Banking (NQF 5) has been approved by the Financial Sector Conduct Authority (FSCA) to fulfil the FAIS Fit & Proper generic education requirements for Categories I and IV and Key Individuals.
The qualification follows a logical progression from the NQF level 4 banking, although it is not a prerequisite for learners to have completed the NQF level 4 qualification (but it does help with basic concepts as these are not re-trained). The National Certificate in Banking explores general banking concepts, including the banking regulatory environment, sales and marketing strategies, financial management and investment products.Is this qualification for me?
This qualification is offered either though Recognition of Prior Learning (RPL) or online learning. (Note that face-to-face training is also offered at selected workplaces.)
Learners who have been working in a FAIS role for over three years may apply for RPL, However, they may also opt for the online learning delivery option if they feel that they do not have sufficient current learning to complete the assessments without training.
RPL candidates should have been in a FAIS role for at least three years. This will provide you with sufficient workplace experience to complete the RPL successfully. Candidates should also, ideally, be employed in a banking environment. This is because a manager needs to complete workplace observations which are an essential part of your final assessment. RPL candidates to note that there is no training offered with the RPL enrolment option and all assessments are completed using your existing learning as the basis for your assessments. Candidates must also hold a valid South African school leaving certificate or a valid equivalent qualification (as recognised by SAQA).
For online learning enrolment:
Must have a PC or tablet (or smart phone, but this could be too small for effective learning) with sufficient internet connectivity to download the online learning materials and view videos. Learners should also ideally be employed in a banking environment as a manager needs to complete workplace observations, which are an essential part of your final assessment. Learners must also hold a valid South African school leaving certificate or a valid equivalent qualification (as recognised by SAQA).
Learners are assessed using a Portfolio of Evidence (PoE). Chartall Business College has set questions and assignments that are completed over the duration of the qualification. You complete these assessments in your own time. This portfolio will be assessed by a registered assessor and feedback will be provided.
The advantage of the portfolio as a mode of assessment is that it can be used after the learning to support the student’s CV as it showcases what they can do practically (you will need to keep a copy of it for this purpose). Learners will still need to comply with any requirements of the FSCA (such as writing Regulatory Examinations and ongoing professional development [CPD]).
Chartall recognises selected internal training courses that learners may have completed with their employers in the banking sector. If internal courses you have completed are aligned to unit standards, Chartall will award unit standard exemptions for this training. You will be asked to submit your internal training records so that Chartall Business College can work out if you qualify for any exemptions.
- Lectures 9
- Quizzes 0
- Duration 6 months
- Skill level NQF 5
- Language English
- Students 10581
- Assessments Self
The financial sector
- 7356 Provide sales related services within the banking sector
- 7359 Apply banking-related direct selling techniques
- 7345 Determine the banking-related financial needs of a business
- 7361 Implement personal selling strategies to achieve banking-related targeted results
- 7334 Perform external sales process for a bank product
- 7357 Produce and present banking-related sales solutions