SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Identify the risk implications of trading associated within a treasury in a banking environment 
SAQA US ID UNIT STANDARD TITLE
117820  Identify the risk implications of trading associated within a treasury in a banking environment 
ORIGINATOR
SGB Banking and Micro Finance 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
BANKSETA - Banking Sector Education and Training Authority 
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 7  Level TBA: Pre-2009 was L7  10 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
7358  Identify the risk implications of trading associated within a treasury in a banking environment  Level 7  Level TBA: Pre-2009 was L7  10   

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for people who monitor risk in a treasury.

Learners are able to:
  • Identify the implications of trading associated with the Treasury function as a whole
  • Identify the risk implications of trading associated with trading desks
  • Identify the psychological implications of trading associated with the individuals within the Treasury function. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in Accounting or Mathematics at NQF Level 6. 

    UNIT STANDARD RANGE 
  • Treasury operations research includes pricing, new products and modeling.
  • Administrative procedures to determine compliance include confirmations, settlements, accounting and recording.
  • Trading desks include spot, forward, derivative, corporate and strategic.
  • Financial Risks include settlement / counter-party, credit, country/sovereign, interest rate, liquidity, exposure, currency and price.
  • Operational risks include fraud, system risk, errors and unauthorised trade levels.
  • Attitudes of subordinates or peers may be reflected through manners, speech and code of conduct. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify the implications of trading associated with the Treasury function as a whole. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The size and complexity of the Treasury operation is evaluated and reported on as per business specified procedure. 

    ASSESSMENT CRITERION 2 
    The focus of the Treasury function is evaluated and reported on as per the Asset and Liability Committee (ALCO) strategy, risk management strategy and policy. 

    ASSESSMENT CRITERION 3 
    The markets and clients within which the Treasury function serves and transacts in, are evaluated and reported on as per business and risk management specified procedures. 

    ASSESSMENT CRITERION 4 
    Asset and liability status of the Treasury is identified, recorded and reported on as per business specified procedure. 

    ASSESSMENT CRITERION 5 
    The nature and quality of Treasury operations research is evaluated, in terms of the impact it has on the Treasury, as per business specified procedures. 

    ASSESSMENT CRITERION 6 
    Administrative procedures are assessed to determine compliance as per business specified procedure. 

    SPECIFIC OUTCOME 2 
    Identify the risk implications of trading associated with trading desks. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Financial and non-financial risks associated with the trading desks are explained, as per business specified risk definitions. 

    ASSESSMENT CRITERION 2 
    The implications of financial risks associated with trading desks are identified using appropriate models as per business specified procedures. 

    ASSESSMENT CRITERION 3 
    The implications of non-financial risks that are associated with trading desks, are identified using the appropriate models, as per business specified procedure. 

    ASSESSMENT CRITERION 4 
    Current exposure on trading desks is compared to the Asset and Liability Committee (ALCO) policy and any variances are recorded and reported on as per company specified procedure. 

    ASSESSMENT CRITERION 5 
    Inconsistencies in trading relationships and procedures are identified, recorded and reported on as per business specified procedures. 

    SPECIFIC OUTCOME 3 
    Identify the psychological implications of trading associated with the individuals within the Treasury function. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Situations that induce stress, and impact on the quality and outcome of the trading function, are identified and reported on as per business specified procedures. 

    ASSESSMENT CRITERION 2 
    Attitudes of role players within the Treasury function are assessed and the impact thereof on fellow colleagues and the trading function is reported on as per business specified procedures. 

    ASSESSMENT CRITERION 3 
    The levels of integrity displayed by traders are identified and exceptions falling outside of business guidelines are reported on as per company specified procedures. 

    ASSESSMENT CRITERION 4 
    Fluctuations in performance level, as compared to defined performance standards, are identified and reported on as per business specified procedure. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed (including through RPL) against this Unit Standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA,or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard or assessing this Unit Standard must be accredited as a provider with the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO COLLECTING 
    The learner will collect, organise and critically evaluate information when evaluating and reporting on the focus of the Treasury function, the markets and clients within the Treasury, the asset and liability status of the Treasury; identifying the risk implications of trading and identifying the psychological implications of trading within the Treasury. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner will display the ability to communicate effectively when reporting on the asset and liability status of the Treasury, evaluating the research into the nature and quality of the Treasury; assessing the administrative procedures; explaining the nature and the implications of financial and non-financial risks within the Treasury and identifying the psychological implications of trading within the Treasury. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    This unit standard replaces unit standard 7358, "Identify the risk implications of trading associated within a treasury in a banking environment", Level 7, 10 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  50481   National Certificate: Financial Markets and Instruments  Level 6  Level TBA: Pre-2009 was L6  Reregistered  2023-06-30  BANKSETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Azania Currency and Equity Markets 
    2. Chartall Business College 
    3. DC Dali Debt Counsellors 
    4. Duke 
    5. Felix Risk Training Consultants 
    6. Full Value Financial Services (Pty) Ltd 
    7. Injabulo Home Grown Learning and Development Solutions 
    8. Lotus Academy Pty Ltd 
    9. Maharishi Invincibility Institute NPC 
    10. Octopus Training Solutions 
    11. The Academy of Financial Markets 
    12. The Facilitation Workshop 
    13. The Institute of Literacy Advancement 
    14. UCS Education and Training Services (Pty) Ltd 
    15. Welltec Academy (Pty) LTD 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.