Course Title: Apply principles of professional practice to work in the financial services industry
Part B: Course Detail
Teaching Period: Term2 2015
Course Code: EMPL5892C
Course Title: Apply principles of professional practice to work in the financial services industry
School: 650T Vocational Business Education
Campus: City Campus
Program: C4342 - Certificate IV in Banking Services
Course Contact : Doug Gourlay
Course Contact Phone: +61 3 9925-5944
Course Contact Email:doug.gourlay@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Arie Herrnstadt
Phone: 9925 5897
Email: arie.herrnstadt@rmit.edu.au
Nominal Hours: 30
Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.
Pre-requisites and Co-requisites
None
Course Description
This unit describes the performance outcomes, skills and knowledge required to identify industry professional approaches to procedures, guidelines, policies and standards, including ethical requirements and model and meet expectations of these in all aspects of work.
This unit has application to a variety of financial services sectors and is applicable to individuals working within enterprises and job roles subject to licensing, legislative, regulatory or certification requirements so the varying Commonwealth, State or Territory requirements should be confirmed with the relevant body.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
FNSINC401A Apply principles of professional practice to work in the financial services industry |
Element: |
1. Identify the scope, sectors and responsibilities of the industry |
Performance Criteria: |
1.1. External forces impacting on the financial services industry are identified and considered in carrying out activities |
Element: |
2. Identify and apply financial services industry guidelines, procedures and legislation |
Performance Criteria: |
2.1. Information on relevant legislation, regulations and codes of practice is collected, analysed and effectively applied to the job role |
Element: |
3. Identify sustainability issues for the financial services industry |
Performance Criteria: |
3.1. Information on sustainability policies , strategies and impacts on industry is obtained and from a range of sources and analysed |
Element: |
4. Manage information |
Performance Criteria: |
4.1. Relevant documents and reports that could impact on work effectiveness and compliance are read and understood, and any implications discussed with appropriate persons |
Element: |
5. Participate in and facilitate work team activities |
Performance Criteria: |
5.1. Provide feedback to team members to encourage, value and reward individual and team efforts and contributions |
Element: |
6. Plan work to be completed taking into consideration time, resources and other constraints |
Performance Criteria: |
6.1. Tasks to be done and relevant conditions are determined and work planned either for working autonomously or with others in a team environment |
Element: |
7. Develop and maintain personal competency |
Performance Criteria: |
7.1. Professional development needs and goals are identified and reviewed on a regular basis |
Learning Outcomes
Details of Learning Activities
A range of learning activities are planned for this course including self-paced and collaborative classroom based activities. The self-paced activities will be delivered thought various technology platforms and include your contribution to wikis and discussion threads, reflective journals, quizzes and interactive sessions.
Teaching Schedule
Weeks |
Commencing | Topics | Assessments |
| 1 | 6 July |
Familiarisation with Course, Blackboard, Course requirements; Overview of assessment requirements |
|
| 2 | 13 July | Financial services industry legislation and regulators | . |
| 3 | 20 July | Financial services industry legislation and regulators | Task 1 Research assignment due, feedback by 7 August |
| 4 | 27 July | Ethics, codes of practice, minimum and best practice standards | |
| 5 | 3 August | Working in teams | |
| 6 | 10 August | Managing information | |
| 7 | 17 August | Managing self and managing time | |
| 8 | 24 August | Sustainability: principles | |
| 31 Aug - 4 Sept |
MID SEMESTER BREAK | ||
| 9 | 7 September | Sustainability: legislation and practices | |
| 10 | 14 Sept | Group presentation | Task 2 Presentation due, feedback during class |
| 11 | 21 Sept | Personal competency: Job applications | |
| 12 | 28 Sept | Personal competency: Job applications | |
| 13 | 5 October | Personal competency: professional development | |
| 14 | 12 Oct | Activity: preparing job applications | Task 3 Job application due, feedback by 30 October |
| 15 | 19 Oct | Individual interviews if necessary | |
| 16 | 26 Oct | Resubmissions if necessary |
The above schedule is a general guide only and may be changed if deemed necessary by your teacher. The nominal hours associated with this are a guide only and represent the total teaching time and student effort required to successfully complete the course. This may include not only scheduled classes but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.
Induction Session
Prior to training commencement a program level induction session will be conducted that comprises the following:
• Program overview and requirements
• MyRMIT/Blackboard
• Overview of assessment requirements
• Pre-training Review including: Recognition of Prior Learning and Credit Transfers and Assessment of current skills and knowledge
• Competency/grading criteria
• Plagiarism
• Appeals
• Extentions
• Feedback
• Privacy
• Submission Requirements
• Resubmission policy
• Where to get support
• Student responsibilities
Learning Resources
Prescribed Texts
References
RMIT University, Tier 1 Compliance Program notes (available for download from Learning Hub) |
|
Reserve Bank of Australia home page, rba.gov.au/ |
|
Australian Prudential Regulation Authority home page, http://www.apra.gov.au/Pages/default.aspx |
|
Australian Securities Investment Commission home page, http://asic.gov.au/ |
|
Australian Bankers' Association Incorporated http://www.bankers.asn.au/ |
Other Resources
Other materials will be placed on the Blackboard and will be used when directed by your teacher.
Overview of Assessment
Assessment may incorporate a variety of methods including technical requirements documentation, homework, assignments, group and/or individual projects, in class exercises, written and practical tests, problem solving exercises, presentations, direct observation of actual and simulated work practice, presentation of a portfolio of evidence which may comprise documents, and/or photographs and/or video and audio files, review of products produced through work-based or course activities.
You are advised that you are likely to be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met. You will be provided with feedback throughout the course to check your progress.
Assessment Tasks
Critical aspects of assessment
Evidence of the ability to:
- access, interpret and analyse product and service information provided by industry sectors
- interpret and comply with relevant legislation, regulations and industry codes of practice and ethics applicable to the workplace
- recognise and implement sustainability principles and work practices
- analyse, evaluate and organise relevant information
- plan work and maintain a team environment taking into account any constraints and available resources
- identify and evaluate professional development opportunities.
Assessment Tasks
You are required to complete three tasks. You must successfully complete all three tasks to be deemed competent in this unit.
TASK 1 - Research Assignment (Due: end of week 3)
You are required to undertake an individual reseach assessment on an investigation undertaken by ASIC in relation to the following:
a) One or more "scams" listed on the ASIC website
b) A case of Identity theft or other Data security violation
c) Any other relevant Financial sector market misconduct investigation or prosecution In all the above topics students should endeavour to explain the following:
d) The facts of the case
e) How the "scam" worked
f) The relevant codes of practice and laws breached
g) The outcome of the case, including the consequences for any parties/stakeholders
TASK 2 - Assignment Task (Due: end of week 10)
For this assessment task you are required to research organisational websites that publish Sustainability (TBL) reports either as part of their Financial Report or as a stand alone report and write a presentation on the concept off Sustainability (TBL).
TASK 3 – Job application (Due: end of week 14)
For this assessment task you are required to undertake job related tasks: write a cover letter, a resume and a plan for further professional development addressing the specific job requirements specified by the employer.
The written job application may be followed up with a brief mock job interview.
Assessment Matrix
Other Information
Submission Requirements
You should:
• Ensure that you submit assessments on or before the due date.
• Always retain a copy of your assessment tasks. (hard copy and soft copy)
• When you submit work for assessment at RMIT University you need to use a cover sheet that includes a declaration and statement of authorship. You must complete, sign and submit a cover sheet with all work you submit for assessment, whether individual or group work. On the cover sheet you declare that the work you are presenting for assessment is your own work. An assignment cover sheet for submission of each assessment task is available on blackboard.
• Each page of your assessment should include footer with your name, student number, the title of the assessment, unit code and title and page numbers. For example, Julie Macpherson, 324567, Task 2, EMPL5892C Apply Principles of Professional Practice, Page 1 of 10.
Late Submission Procedures
You are required to submit assessment items and/or ensure performance based assessment is completed by the due dates.
If you are prevented from submitting an assessment item on time, by circumstances outside your control, you may apply in advance to your teacher for an extension to the due date of up to seven calendar days.
More Information: http://www.rmit.edu.au/students/assessment/extension
Form to use: http://mams.rmit.edu.au/seca86tti4g4z.pdf
Where an extension of greater than seven days is needed, you must apply for special consideration. Applications for special consideration must be submitted no later than two working days after the assessment task deadline or scheduled examination.
More Information: http://www.rmit.edu.au/browse;ID=g43abm17hc9w
Form to use: http://mams.rmit.edu.au/8a5dgcaqvaes1.pdf
Resubmissions (VET Programs):
If you are found to be unsuccessful in a Course Assessment Task you will be allowed one resubmission only. Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission. The highest grade you will receive if your resubmission is successful is “CAG”.
If you are still not meeting the assessment requirements you must apply to your Program Manager in writing outlining the steps you will take to demonstrate competence in your course. Your submission will be considered by the Program Team and you will be advised of the outcome as soon as possible.
Adjustments to Assessment
In certain circumstances students may be eligible for an assessment adjustment. For more information about the circumstances under which the assessment arrangements might be granted please access the following website:
More Information: http://rmit.edu.au/browse;ID=7usdbki1fjf31
Marking Guide (Competency):
You must demonstrate that you have all the required skills/knowledge/elements in the unit of competency you are studying.
You will receive feedback on each assessment task that will inform you about your progress and how well you are performing.
Marking Guide (Grading)
After achieving competency we then grade your performance in the unit and you will achieve one of the following grades:
Final Grades table:
CHD Competent with High Distinction
CDI Competent with Distinction
CC Competent with Credit
CAG Competency Achieved – Graded
NYC Not Yet Competent
DNS Did Not Submit for assessment
Further information regarding the application of the grading criteria will be provided by your teacher.
Course Overview: Access Course Overview