SCOPING MEETING - QUALIFICATIONS DEVELOPMENT: Financial Advisor (Alternative Title) for: 241301 Financial Investment Advisor



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SCOPING MEETING - QUALIFICATIONS DEVELOPMENT: Financial Advisor (Alternative Title) for: 241301 Financial Investment Advisor 1

A G E N D A 1. Welcome 2. Attendance and introduction 3. Expectations 4. Presentation Overview of the Occupational Qualifications Development Process 5. Outcomes to be achieved: 5.1 Confirmation of scope 5.2 Confirmation of stakeholder participation 5.3 Recommendation of a body to manage the development and verification process role of Development Quality Partner 5.4 Identification of possible body/bodies to manage assessment processes role of Assessment Quality Partner 5.5 Agreed process to establish Working Groups and agreed broad timeframes 2

ITEM 4 OVERVIEW OF THE OCCUPATIONAL QUALIFICATION DEVELOPMENT PROCESS 3

Type of qualification WHAT IS NEW IN THE SYSTEM Two types National Occupational Qualification (more than 120 credits) National Occupational Award (less than 120 and more than 25 credits) Title of qualification Linked to occupation on OFO and reflecting occupational specialisation in brackets (where applicable) Not reflecting learning field Three types of standards Knowledge / Theory (minimum 20%) Practical Skills (minimum 20%) Work Experience (minimum 20 %) 4

Development process WHAT IS NEW IN THE SYSTEM - continued Includes development of 3 equally important but distinctively different products Occupational Curriculum (OQ) Focus on coherent provision and internal assessment Qualification Assessment Specifications (QAS) Focus on coherent assessment of occupational competence Occupational Qualification (combination of outcomes of OQ and summary of QAS) Focus on outcomes to be achieved through provision and assessment 5

OCCUPATIONAL QUALIFICATION The term occupational qualification is defined in the SDA as: a qualification associated with a trade, occupation or profession, resulting from work-based learning and consisting of knowledge unit standards, practical unit standards and work experience unit standards. All occupational qualifications are assessed externally through a nationally standardised integrated summative assessment. The purpose of an occupational qualification is to qualify a learner to practice an occupation that is, reflected on the Organising Framework for Occupations (OFO) or an occupational specialisation related to an occupation that is reflected on the Organising Framework for Occupations (OFO).

7 OCCUPATIONAL CURRICULUM Characteristics of occupational curricula Not same as educational curriculum A curriculum will cover the following: Occupational profile - based on occupational tasks Specifications for 3 learning components (subjects, practical skills & work experience) Internal assessment criteria per subject and practical skills module and work experience record per work experience module Skills Development Provider accreditation requirements per subject and practical skills module and workplace approval requirement per work experience module Exemptions

8 ASSESSMENT SPESIFICATIONS Focus is on external summative assessment to determine occupational competence through the use of nationally standardised assessment processes and instruments Assessment specifications will cover: Purpose of the occupational qualification External assessment model Qualification outcomes to be assessed (in each Phase) Assessment criteria for each outcome Eligibility requirements to qualify for the external assessment Criteria for registration of assessors

STEPS Submit Develop Assessment Specifications Manage Verification Process Develop Module and Subject Specifications 8 7 6 5 RESPONSIBLE DQP & QDF QDF with Expert Practitioners, AQP & Educationalists DQP with Constituency Group QDF with Expert Practitioners, AQP & Educationalists OCCUPATIONAL QUALIFICATIONS DEVELOPMENT PROCESS QUALIFICATIONS DEVELOPMENT PROCESS QCTO Manage Verification Process Develop Occupational Profile Oversee Scoping Meeting with Constituency 4 3 2 DQP with Expert Practitioners and AQP DQP with Expert Practitioners (incl Assesors QCTO Staff Receive and Process Application 1 QCTO Staff RESULTS Service Level Agreement (DQP & AQP) A Occupational Profile B Learning Component Specifications (& Internal Assessment) C Occupational Curriculum (B+C) Qualification Assessment Specifications (External) D Occupational Qualification 9 (C+D) E

Proposed scope ITEM 5.1 Occupation: 241301 Financial Investment Advisor Develops and implements financial plans for individuals and organisations, and advises on investment strategies and their taxation implications, securities, insurance, pension plans and real estate. Alternative Titles and Specialisations: Alternative title: Financial Advisor 10

ITEM 5.1 continued Proposed occupational progression: (To be determined/confirmed): Insurance manager Financial planner Financial Advisor 11

ITEM 5.2 The following Stakeholders have to be consulted: SETAs Professional bodies Major employers Unions Industry bodies Statutory bodies International bodies: Who should be added? Who are the providers involved in this occupation that could be approached for participation in the development of the subject specifications? 12

ITEM 5.3 Functions of the DQP in essence is to: Coordinate and fund he qualifications development process Appoint the qualifications development facilitator and learner qualifications development facilitator where appropriate Manage the qualifications verification process Prepare the qualifications development process report The INSETA agreed to act as DQP is this acceptable to the broader constituency? 13

ITEM 5.4 Functions of the AQP in essence is to: Develop assessment instruments Manage external summative assessments Report on external summative assessments AQP must be identified prior to the verification of the occupational profile The FPI agreed to act as AQP is this acceptable to the broader constituency? 14

ITEM 5.5 Suggested broad timeframes are: Submission of names for working groups: Profiling working group meeting: Identification of AQP: Profile verification: Development of work experience module specifications: Development of practical skills module specifications: Development of subject specifications: 15

THANK YOU! Contact details: Heidi Peters Peters.Heidi@qcto.org.za 012-431 5032 16

Proposed scope EXAMPLE : ITEM 5.1 Occupation: Electrician Specialisation: Not applicable Location on NOPF and relation to other occupations: This request 17

18 EXAMPLE : ITEM 5.1 continued One Qualification to include all registeredd trades, i.e: Electrical Contractor (Construction) Armature Winder Electrical Wireman Electrician (Airconditioning and Refrigeration) Note: Further specialisations such as Chemical, Underground Coal etc to be dealt with in in terms of Workplace Experience Requirements 2333 Electrical Engineers and Technologists 3123 Electrical Engineering Draftspersons and Technicians 341101 Electrician (General) 899904 Electrical or Telecommunications Trades Assistant 133202 Engineering Maintenance Manager National Occupational Qualification 341102 Electrician (Special Class) 341103 Lift Mechanic

ROLE OF THE QCTO The role of the QCTO is to ensure the availability, relevance and quality of occupational qualifications to meet industry needs. In order to achieve this aim the QCTO will: establish and manage the Occupational Qualifications Framework (as one of the three sub-frameworks of the NQF) to ensure quality in the design and development of occupational qualifications i.e. qualifications that require work experience as an integrated and structured component of the qualification in the delivery, assessment and certification processes required to develop occupational competence work with Quality Partners coordinate roleplayers such as industries, SETAs, the National Artisan Moderating Body, professional bodies, providers 19

Occupational qualifications will reflect industry needs Education Qualified in Some sort of knowledge domain (field of learning) FIT FOR PURPOSE QUALIFICATIONS Discussions related to skills development often founder because there are three distinct skills development discourses: Psst Your ultimate qualification is your CV It is the measure of what you have achieved are capable of and what communities you have belonged to Labour market Praxis Qualified as Belonging to the guild of practitioners Qualified to Do something useful for the economy & society (occupation, specialisation) 20