Other means of completing the Securitisation Professionals Program

There are four (4) alternative pathways by which participants can achieve this qualification:

1. Recognition of Prior Learning (RPL)

Experienced candidates may be eligible to demonstrate their competence and expertise through Recognition of Prior Learning (RPL) for up to 50% of the qualification. Applicants are required to compile a portfolio of evidence that demonstrates they possess the knowledge and skills they would otherwise achieve through a formal training program.

2. Assessment (incorporating individual assessment) only

ASIC Regulatory Guidance 164 recognises individual assessment as an option whereby financial markets participants can meet the training and assessment requirements for this regulatory guidance.

To be eligible for an individual assessment, candidates must have at least 5 years out of the past 8 years relevant experience in a role that enables them to meet the responsibilities and requirements of their current role.

Assessment only is conducted by an authorised assessor and involves the candidate compiling evidence to substantiate their experience, and submitting this with the assessment to demonstrate they have the necessary knowledge and skills.

3. Recognition of qualifications

Participants may be able to obtain advanced standing into the Securitisation Professionals Program using Statements of Attainment achieved at other Registered Training Organisations.

4. Completion via partial previous study of the ASF Introduction to Securitisation Program

Prior to 2007, the ASF had not mapped the modules of the Securitisation Professionals Program to the Diploma of Financial Services FNS50107. The workshop was offered as a two-day intensive 'Introduction to Securitisation' with a non-compulsory assessment offered upon its completion.

Participants that have previously completed this workshop, however did not complete the assessment, can progress straight through via a 'gap assessment' to the assessment only option. Participants must complete an audio recording in lieu of the workshop presentation and the ASF also recommends that participants purchase the updated course material as these have been revised and new and examinable content has been added. This will require some additional self-study in order to be successful.

If participants have successfully completed all of the voluntary assessment in the past, they need only complete the audio recording component of the assignment, as this satisfied the skills element of the Diploma.

Participants may base their recording on the original assignment submitted (which must be re-submitted for reference, not re-marking). Again, the ASF recommends that participants purchase the notes, as the content has been updated and participants will be examined on the content of the current program. Again, this will require some additional self-study in order to be successful.

Detailed information regarding the alternative assessment pathways as well as the registration form for undertaking one of these pathways can be accessed @ Alternative Assessment Pathways: Information & Registration Kit (PDF 487Kb)

Alternatively, for further information please contact ASF Education & Training.