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 and manage security risks in a banking environment 
SAQA US ID UNIT STANDARD TITLE
7342  Identify and manage security risks 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 5  Level TBA: Pre-2009 was L5  30 
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 who will be required to identify and manage security risks in their respective business unit/division.
Persons credited with this unit standard will be able to identify possible security risks, monitor and minimise security risks. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Persons attempting this unit standard should have an in depth understanding of security aspects and people management skills 

UNIT STANDARD OUTCOME HEADER 
Identify possible security risks to minimise losse 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Identify possible security risks to minimise losses to the business. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. All possible security risks are identified and procedures are drawn up and implemented to minimise potential losses according to company specific requirements. 

ASSESSMENT CRITERION 2 
2. Procedures to address identified security risks are continually updated, developed, implemented and communicated to all stakeholders as per company specific requirements. 

ASSESSMENT CRITERION 3 
3. Security risks identified are escalated to the relevant authority as per company specific requirements. 

ASSESSMENT CRITERION 4 
4. Control measures are continuously developed and updated to prevent possible security risks. 

ASSESSMENT CRITERION 5 
5. Avenues for possible security risk prevention are created as per company specific requirements. 

SPECIFIC OUTCOME 2 
Minimise security risks. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Suppliers and the procedures to follow when dealing with them are communicated to all staff as per company specific requirements. 
ASSESSMENT CRITERION RANGE 
Suppliers include but are not limited to SBV, security companies.
 

ASSESSMENT CRITERION 2 
2. All possible causes of security risks are known and communicated to all staff. 

ASSESSMENT CRITERION 3 
3. A post-incident analysis is performed after each incident to minimise re-occurrence of the event as per company specific guidelines. 

ASSESSMENT CRITERION 4 
4. Staff are trained and updated on all aspects of security risks as per company specific requirements. 

SPECIFIC OUTCOME 3 
Monitor and action security risks. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Non-adherence to security procedures are identified and action taken as per company specific requirements. 

ASSESSMENT CRITERION 2 
2. Internal security audits are performed regularly and discrepancies are escalated as per company specific requirements. 

ASSESSMENT CRITERION 3 
3. Crime profiles are identified and communicated to all stakeholders as per company specific requirements 


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 which is accredited by the relevant ETQA. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
Embedded Knowledge
  • Have knowledge and understanding of the Code of Banking Practice.
  • Have knowledge of company security policy.
  • Have knowledge of Health and Safety Act.
  • Have knowledge of security equipment. 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify and solve problems when determining potential security risks ensuring relevant and effective procedures are developed and implemented to minimise potential losses. 

    UNIT STANDARD CCFO WORKING 
    The learner is able to work effectively with other when dealing with suppliers and communicating procedures to all relevant parties, ensuring both suppliers and staff fully understand their roles in minimising security risks. 

    UNIT STANDARD CCFO ORGANISING 
    The learner is able to organise and manage his/her own activities to allow sufficient time for post incident analysis after every breach of security to minimise re-occurrence of the event. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively both verbally and in writing when documenting strategies to minimise security risk and providing updates and training to staff, so that all stakeholders fully understand their roles and duties. 

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

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  61589   National Certificate: Banking  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 


    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. African Bank Ltd 
    3. Chartall Business College 
    4. Nedbank Ltd 
    5. Plumb Line Risk Alignment 
    6. The Facilitation Workshop 
    7. The Institute of Literacy Advancement 



    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.