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 THAT HAS PASSED THE END DATE:

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
Passed the End Date - Status was "Reregistered"		2018-07-01	2023-06-30	SAQA 06120/18
LAST DATE FOR ENROLMENT		LAST DATE FOR ACHIEVEMENT
2026-06-30		2029-06-30

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	Passed the End Date - Status was "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.	AAR Trading and Projects (Pty) Ltd
2.	Advanced Assessments and Training (Pty) Ltd
3.	Africa Glory Empowerment Services
4.	Assured Vocational Skills Institute (Pty) Ltd
5.	Brainwave Project 707 Pty Ltd
6.	Brainwave Projects 707
7.	Compuscan Academy
8.	DC Academy
9.	Delmas Development Centre
10.	Fachs Business Consulting and Training
11.	Gigimo Tourism Academy
12.	MAT 007 (PTY) LTD
13.	Matibidi Raphela Investments (Pty) LTD
14.	Octomate Education Pty Ltd
15.	Octopus Training Solutions
16.	Production Management Institute of Southern Africa (Pty) Ltd
17.	RIAPHATHUTSHEDZA
18.	SIGNA ACADEMY (PTY) LTD
19.	Sinovuyolethu Trading (Pty) Ltd
20.	THE SHERQ CENTRE OF EXCELLENCE PTY LTD