The Banking NQF 5 qualification offers a unique elective offering which has been approved by the Financial Services Board to fulfil the FAIS Fit & Proper generic requirements for categories I and IV.
- Average time commitment is 5-6 hours per week.
- Groups start on the second Tuesday of each month.
- Registration closes seven days before the group start date.
- Preparation sessions are online (internet access and PC skills are essential).
- Payment plans are available for online learning, RPL fees are payable as a single payment.
- Download the Banking NQF 5 factsheet
(For classroom training dates please contact [email protected] to see what is scheduled.)
What does the National Certificate in Banking (NQF 5) cover?
The unique elective offering of this qualification has been approved by the Financial Services Board to fulfil the FAIS Fit & Proper generic requirements for Categories I and IV.
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 4 to access the level 5. The qualification explores general banking concepts, including the banking regulatory environment, sales and marketing strategies, financial management and investment products.
This qualification has been designed to add value to the qualifying learner and further promote their competence, marketability and employability.
Who is the National Certificate in Banking (NQF 5) aimed at?
The Banking NQF 5 qualification is aimed at students who are currently employed by (or have recently been employed by) a bank. Specifically, this qualification covers one of the requirements towards becoming FAIS Fit and Proper. This qualification is suitable for those currently in a FAIS role, or those wanting to enter a FAIS role.
How is the National Certificate in Banking (NQF 5) delivered?
The National Certificate in Banking (NQF 5) is offered either via RPL (see RPL guide), online learning (see online learning guide) or face-to-face (contact [email protected] for more information if you prefer this option).
Students who have been working in a FAIS role for over three years and have passed the RE 1 exam may apply for RPL, but they may also opt for the online learning delivery option. Those new to a FAIS role must enrol for either the online learning or face-to-face learning option.
What is the accreditation status of the National Certificate in Banking (NQF 5)?
The National Certificate in Banking (NQF 5) is accredited and certificated by BANKSETA. It is registered with the South African Qualifications Authority (SAQA) as a 120 credit qualification at NQF 5 (SAQA ID 61589 – see www.saqa.org.za). Chartall Business College is accredited by the BANKSETA to train and assess the qualification.
What are the entry requirements for each of the National Certificate in Banking (NQF 5) delivery options?
To enrol for RPL:
- Must have been in a FAIS role for at least three years;
- You must have written and passed your first regulatory examination;
- Should ideally be employed in a banking environment as a manager needs to complete workplace observations.
To enrol for online learning:
- Should ideally be employed in a banking environment as a manager needs to complete workplace observations;
- Must have a PC or tablet (or smart phone but this could be too small) with sufficient internet connectivity to download the online learning materials and view videos.
Please see http://chartall.co.za/faqs-for-webinars/ for minimum computer specifications.
Can I earn any exemptions?
Chartall Business College is able to award students with certain exemptions to recognise the internal training they have completed with their employers in the banking sector. You will be asked to submit your internal training records so that Chartall Business College can work out if you qualify for any exemptions.
How is this qualification assessed?
Students 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 in your own time. This portfolio will be assessed by a registered assessor and feedback will be provided.
Students will not have to write any exams to earn the qualification. 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). Students will still have to write the RE1 and RE4 exams which are set by the Financial Services Board (FSB).
Make a once off payment for the Banking NQF 5 course. Assessed via RPL.
Make a once off payment for the Banking NQF 5 course. Instalment options available.