New Zealand Certificate in Financial Services (Level 5) [V2]

New Zealand Certificate in Financial Services (Level 5) [Version 2] with strands in Investment; Residential Property Lending and Banking

The aim of the programme is to build a solid theoretical knowledge and applicable
skills in financial services in those individuals who are employed in various financial
roles or those learners who plan to have careers providing financial services to
customers.

Learners will be able to advance to specialist roles and/or enhance their skills and
knowledge within retail and personal services areas of the financial services industry.
Depending on the strand achieved, graduates will be capable of providing
individualised financial advice to meet clients’ personal needs in roles in: Investment;
Residential Property Lending; and/or Banking.

On completion of this programme, learners will be able to progress onto higher level
qualifications in business and management such as Bachelor of Business and
Bachelor of Applied Management.

Strand: Residential Property Lending

Content (20 weeks) 

compulsory modules:
Module 1: Financial Services Sector (15 credits)
Module 2: Financial Regulatory Framework and Professional Conduct (20 credits)

strand related modules:
Module 4: Residential Property Lending Strand (30 credits)

Outcome

Graduates of the Residential Property Lending strand will also be able to:

• Apply relevant legislations and codes of conduct when providing residential property lending services
• Evaluate economic environment and events, the residential property market and other related factors that impact on residential property lending
• Evaluate the suitability of residential property lending products, structures and options in terms of their benefits, risks and limitations
• Analyse information to determine client residential property lending needs
• Apply knowledge of residential property lending products and services to develop solutions that meet client residential property lending needs

Provide advice in a  residential property lending context using the Six Step Process

Strand: Investment

Content (20 weeks) 

compulsory modules:
Module 1: Financial Services Sector (15 credits)
Module 2: Financial Regulatory Framework and Professional Conduct (20 credits)

strand related modules:
Module 3: Investment Strand (30 credits)

Outcome

Graduates of the Investment strand will also be able to:

• Apply relevant legislations and codes of conduct when providing investment services
• Evaluate economic factors that impact on investor perceptions and investment products
• Evaluate the suitability of investment products, structures and options in terms of their benefits, risks and limitations
• Analyse information to determine client investment needs
• Apply knowledge of investment assets, services and financial instruments to meet client needs
• Provide advice in an investment context using the Six Step Process

 Strand: Banking

Content (20 weeks) 

compulsory modules:
Module 1: Financial Services Sector (15 credits)
Module 2: Financial Regulatory Framework and Professional Conduct (20 credits)

strand related modules:
Module 5: Banking strand (30 credits)

Outcome

Graduates of the Banking strand will also be able to:

• Apply relevant legislations, regulations and codes of conduct when providing banking services.
• Evaluate the role of relevant banking sector regulators
• Evaluate key features, benefits, risks, and limitations of personal banking products
• Match appropriate banking products and services with client needs
• Apply key lending concepts and frameworks to a range of lending situations to develop financial solutions to client banking needs
• Provide advice in a banking context using the Six Step Process

Entry Requirements:
Applicants must:
* be over 16 years of age and have a minimum of eight NCEA Level 2 credits in
English. This includes four in writing and four in reading, Or be able to demonstrate
equivalent knowledge or skills.

20 years old or over
* If you are 20 years old or over and do not hold the minimum entry requirements, you
will be eligible to be enrolled where your past work or life experience show that you
have a reasonable chance of completing the programme. You will be interviewed by
the Principal or Programme Leader for that purpose.

English language requirements
International learners must also have an IELTS (Academic) score of 5.5 with no band
score lower than 5.0, or equivalent.

Study Pathways:

• Continue with Bachelor of Commerce Degree in University of Canterbury (UC)

University of Canterbury (UC) will offer between 30 – 60 points of advanced
standing into its Bachelor of Commerce – BCom degree to students who have successfully completed, but not yet graduated with, the following New Zealand College of Business (NZCB) programme.

NZCB programme	Eligible BCom majors*	Normal duration	No. of credit points advanced standing	Expected time to complete
New Zealand Certificate in Financial Services (Level 5) with strands in Investment; Residential Property Lending and Banking	Accounting, Management, Strategy and Entrepreneurship, Human Resource Management, Finance, Economics, Marketing, Operations and Supply Chain Management, Information Systems Management.	3 years	60 points	2.5 years, but could be longer dependent on the major the student selects.

*Other majors are available on enquiry.

Students must have successfully completed the following courses as part of their NZCB programme:

NZCB course	Course Title	UC equivalent
Module 1	Financial Services Sector	FINC101 if completed together with Module 2 Financial Regulatory Framework
Module 2	Financial Regulatory Framework	FINC101 if completed together with Module 2 Financial Services Sector
Module 3	Investment Strand	30 points of unspecified 100-level Commerce credit
Module 4	Residential Property Lending Strand	30 points of unspecified 100-level Commerce credit
Module 5	Banking Strand	30 points of unspecified 100-level Commerce credit

• Continue with Bachelor of Business in Massey University

Massey Business School (MBS) agrees to staircase students completing the New Zealand College of Business (NZCB) New Zealand Certificate in Financial Services Level 5 (NZCFS L5) into the Bachelor of Business (BBus) based on points 1-6 covered below.

1. Completion of the two NZCB NZCFS L5 core courses (35 credits total) and any one elective course (30 credits) for a total of 65 credits, as Appendix A details.
2. MBS will recognize sixty (60) credits towards the BBus (any major) as follows:

• 115.114 Finance Fundamentals (15 credits)
• Three unspecified 100-level courses (45 credits)

3. Students must present evidence of having completed the NZCB NZCFS L05 when applying for BBus (any major) credit.
4. Students who have successfully completed the NZCB NZCFS L5 are confirmed to have met the English language requirements for BBus (any major) admission.

• Continue with Bachelor of Commerce in Lincoln University

Up to 60 credits transfer

* Career Opportunities: 

Graduates may be qualified to work within specialisations such as: 

– Investment strand: Investment adviser, paraplanner, investment adviser support, business development manager

– Residential Property Lending strand: Mortgage broker, technical specialist, broker support, business development manager. 

– Banking strand: personal banker, personal banker support, bank lending adviser, branch manager (retail), 

 

*Market Rate Salary NZ :