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.
Although the qualification follows a logical progression from the NQF level 4 banking, 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 (NQF 5) explores general banking concepts, including the banking regulatory environment, sales and marketing strategies, financial management and investment products.
The qualification also provides successful learners with access to the Chartall Business College Bachelor of Business Administration degree.Is this qualification for me?
Chartall Business College has curated your online training material into weeks for easy access, although you can move around in the subject material if you wish. You will be allocated to an online e-lecturer who will assist you with queries, run e-tutorials and keep you on track. The course material is a combination of e-learning and pre-recorded e-lectures that you work through systematically in your own time, at your own place and in your own space. You can repeat any lesson or video at any time, which is impossible to do in class. This means you can review difficult concepts slowly and often for deeper learning and insight.
Learners who have been working in a FAIS role for over three years may apply to complete the qualification through Recognition of Prior Learning, which is simply the assessment without any training.
Learners 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. 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.
In addition, learners need to be proficient in English at National Senior Certificate level.
It would also be advantageous to have a good level of computer literacy.
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 learners’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 Yes
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