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: 

Evaluate the application of risk management policy and procedure in note processing 
SAQA US ID UNIT STANDARD TITLE
13436  Evaluate the application of risk management policy and procedure in note processing 
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 4  NQF Level 04  12 
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 does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This unit standard is intended for people in supervisory and management roles.

Persons credited with this unit standard will be able to demonstrate knowledge and understanding of the principles of care of cash, Evaluate physical security risk procedures, evaluate financial security risk procedures and evaluate standardised procedures as a form of risk control. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
The learner is assumed to understand the risk management policy and procedure and understand the production process and procedure in note processing. 

UNIT STANDARD RANGE 
N/A 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Demonstrate knowledge and understanding of the principles of care of cash 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The principle of Dual Control and its role in managing risk is explained in own words according to Reserve Bank standing instructions. 

ASSESSMENT CRITERION 2 
2. The principle of vigilance and its role in managing risk is explained in own words according to Reserve Bank standing instructions. 

ASSESSMENT CRITERION 3 
3. The principle associated with physical control and its role in managing risk is explained in own words according to Reserve Bank standing instructions. 

ASSESSMENT CRITERION 4 
4. The principle of people management controls as a means of managing risk is explained in own words with the use of examples. 

ASSESSMENT CRITERION 5 
5. The principle of joint and several liability of managers, and its role in managing risk is explained in own words according to Reserve Bank standing instructions. 

ASSESSMENT CRITERION 6 
6. The principle of standardised policy and procedure and its role in managing risk is explained in own words according to Reserve Bank standing instructions. 

SPECIFIC OUTCOME 2 
Evaluate physical security risk procedures 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The critical elements governing management of cash from a physical perspective are identified according to the Reserve Bank standing instructions. 

ASSESSMENT CRITERION 2 
2. The principle associated with physical control and its role in managing risk is explained in own words according to Reserve Bank standing instructions. 

ASSESSMENT CRITERION 3 
3. The note-processing department is evaluated in terms of the need for physical security measures according to the branch requirements. 

ASSESSMENT CRITERION 4 
4. Procedures associated with managing physical risk are critically evaluated in terms of their capacity to manage physical security according to the principle and practice within a branch. 

ASSESSMENT CRITERION 5 
5. An approach to the management of physical security in a branch is proposed according to the principle and practice within a branch. 

SPECIFIC OUTCOME 3 
Evaluate financial security risk procedures 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The key elements involved in managing financial risk are identified according to reserve bank standing instructions and departmental requirements. 

ASSESSMENT CRITERION 2 
2. The financial risk management processes and procedures are explained in terms of their role in managing risk from a financial perspective according to reserve bank standing instructions and departmental requirements. 

ASSESSMENT CRITERION 3 
3. Cash is balanced at the end of the day according to procedural requirements and independently verified figures. 

ASSESSMENT CRITERION 4 
4. Bulk checking of cash handed over in boxes is demonstrated according to the "said to contain" concept. 

ASSESSMENT CRITERION 5 
5. The appropriate procedure for handling discrepancies is demonstrated according to reserve bank standing instructions and departmental requirements. 

ASSESSMENT CRITERION 6 
6. The conditions attached to re-checking re-issuable notes are explained according to reserve bank standing instructions and departmental requirements. 

SPECIFIC OUTCOME 4 
Evaluate standardised procedures as a form of risk control 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The principles associated with applying standardised procedures and their role in managing risk is explained in own words according to Reserve Bank standing instructions. 

ASSESSMENT CRITERION 2 
2. The key procedures to be monitored daily are identified and their importance is explained according to the potential effect on the risks identified. 

ASSESSMENT CRITERION 3 
3. Controls to check that procedures have been followed are evaluated in terms of their effectiveness in reducing potential risk. 

ASSESSMENT CRITERION 4 
4. The application of standard procedures in note processing is evaluated according to the exposure to risk. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
1 Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.
2 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.
3 Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures.

Therefore, anyone wishing to be assessed against this unit standard may apply to be assessed by any assessment agency, assessor or provider institution that is accredited by the relevant ETQA. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
The knowledge acquired in this unit standard is focused on an understanding the principle of risk management as expressed in the Reserve Bank Standing instructions and understanding how the practical implications of the application of the principles. The criteria against which this knowledge is evaluated are expressed in the standard. 

UNIT STANDARD DEVELOPMENTAL OUTCOME 
N/A 

UNIT STANDARD LINKAGES 
N/A 


Critical Cross-field Outcomes (CCFO): 

UNIT STANDARD CCFO ORGANISING 
In this standard the learner demonstrates the ability to organise and manage oneself and one`s activities responsibly and effectively when cash is balanced at the end of the day according to procedural requirements and independently verified figures. 

UNIT STANDARD CCFO COLLECTING 
In this standard the learner demonstrates the ability to collect, organise and critically evaluate information when procedures associated with managing physical risk are critically evaluated in terms of their capacity to manage physical security according to the principle and practice within a branch. 

UNIT STANDARD CCFO DEMONSTRATING 
In this standard the learner demonstrates the ability to demonstrate an understanding of the world as a set of related systems when the principle of joint and several liability of managers, and its role in managing risk is explained in own words according to Reserve Bank standing instructions. 

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 
Additional information:

Legal requirements:

All procedures must meet recognised codes of practice as well as obligations required by current legislation within South Africa and within the normal parameters of the defined job/task. 

QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
  ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
Elective  20185   Further Education and Training Certificate: Banking  Level 4  NQF Level 04  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. Absa Learning & Development 
2. Bidvest Bank 
3. Chartall Business College 
4. Cornerstone Performance Solutions (Pty) Ltd 
5. Felix Risk Training Consultants 
6. Firstrand Bank - Benmore 
7. Nedbank Ltd 
8. The Facilitation Workshop 



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.