SVQ Providing Financial Services

These SVQs in Providing Financial Services offer qualifications to those already employed within the sector.

These SVQs will develop skills in Financial Services at an introductory/intermediate level.  Individuals will gain core competences required to work in Financial Services including knowledge to comply with regulations relevant to the sector.  Learners can undertake optional Units in an area suitable to their work role.

Candidates can progress to a range of courses at a higher level including HNC/HND Financial Services or professional body qualifications, allowing centres to retain or build student numbers.

These SVQs are offered in the workplace.

This SVQ is suitable for:

• learners who may have just left school and started a Modern Apprenticeship programme
• individuals who are currently in employment and who wish to obtain a formal qualification
• employers who wish their employees to obtain short, continuing professional development courses

Access

Entry is at the discretion of the centre.

However, the recommended entry requirements are formal qualifications in Mathematics and English at SCQF level 4 or 5.

Examples of formal entry qualifications include:

• Standard Grades 1–3 or Intermediate 1 or 2 in English and Mathematics
• National 4 or 5 in English and Mathematics
• Most employers will expect candidates to have a keen interest in financial and business affairs

These qualifications could provide progression to:

• an HNC/HND in Providing Financial Services or a related area
• an SVQ in Providing Financial Services at a higher SCQF level
• Level 4 Technical Apprenticeship in Banking/Insurance/Professional Services
• Professional body qualifications
• Employment in the Financial Services sector, perhaps as a claims handling administrator, banking cashier or banking call centre adviser for SVQ 2 learners; and as a trainee underwriter, trainee broker, pension administrator or foreign currency adviser for SVQ 3 learners.

Centres with devolved authority for approval should use their own internal approval process.

Centres without devolved authority will have to come forward for approval and should contact SQA’s Business Development Team for guidance.

Assessors and verifiers must be able to meet SQA’s general requirements for technical/occupational competence as outlined in the Guide to Approval.

For general information on how to assess this qualification, please refer to the document Guidance on how to assess SVQs.   For detailed guidance on how to assess this particular SVQ, please refer to the Assessment Strategy.