List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.
ELEMENT | PERFORMANCE CRITERIA |
Elements describe the essential outcomes. | Performance criteria describe the performance needed to demonstrate achievement of the element. |
1. Interpret available information and conduct research | 1.1 Establish timelines to meet research deadlines 1.2 Identify relevant sources of information accurately and consistently, and source and retrieve required information readily and promptly 1.3 Constantly review sources of research information and documentation to ensure currency and accuracy 1.4 Prepare research findings that logically flow from interpretation of information available in detailed, clear and accurate format, and in timely manner |
2. Analyse and review research findings and activities | 2.1 Carry out research activities and outcomes in accordance with organisational policy and guidelines, confidentiality requirements, and relevant legislation or industry codes of practice 2.2 Analyse and review research findings and activities to ensure accuracy and thoroughness 2.3 Review statutory disclosures to maintain consistency and compliance 2.4 Seek feedback regularly to monitor effectiveness and appropriateness of research activities |
3. Document research and distribute to relevant parties | 3.1 Check research to ensure compliance with organisational policy and guidelines, and with relevant legislation or industry codes of practice, and ensure it is authorised before release 3.2 Distribute research to all relevant parties as required in timely manner 3.3 Obtain confirmation of receipt of research information where relevant to complete organisational records of compliance |
Evidence of the ability to:
establish and meet required research deadlines
accurately interpret and comply with relevant legislative requirements
access and interpret available information accurately and comprehensively
comply with statutory disclosure requirements
document research findings concisely and clearly for distribution purposes.
Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.
To complete the unit requirements safely and effectively, the individual must:
identify sources and parties that provide relevant information for research on financial products
describe the current economic climate and forecasted outlook for relevant financial products
explain financial forecasting techniques and tools to be used to assess the market for financial products
identify and outline local and international financial markets and investment outlook for financial products
describe organisational policy, procedures and requirements relevant to products and research
identify and describe key features of industry legislation and codes of practice relevant to product research, and protocols to be followed
describe techniques and tools for evaluation and interpretation of research data.
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the industry capability field and include access to:
common office equipment, technology, software and consumables
financial services product information.
Assessors must satisfy NVR/AQTF assessor requirements.