CISI
Level 3
QN: 600/0715/1
Curriculum Active
CISI Level 3 Certificate in Investment Operations
Official qualification regulated by Ofqual, awarded by CISI. Classified as a Vocationally-Related Qualification. Total guided learning hours: 775 hours.
Qualification Level
Level 3
Awarding Body
CISI
Syllabus Units
30 Units
Guided Hours
775 hrs
Instant access to interactive lessons, quizzes, and spaced revision.
Course Syllabus & Study Modules
Complete breakdown of verified curriculum topics and learning objectives.
1
Administration of Settlement & Investments
Verified
Key Learning Objectives:
- Understand how the retail investment sector works
- Understand Client Assets
- Understand Data and Record Keeping
- Understand Settlement
- Understand Corporate Actions
- Understand Collectives and Tax Incentivised Savings
- Understand Income Tax
- Understand Other Types of Client Account
- Understand Overseas Investment
- Understand Closing Accounts
2
Asset Servicing
Verified
Key Learning Objectives:
- Understand capital instruments and transactions
- Understand the life cycle of an event
- Understand Mandatory Events
- Understand Voluntary Events
- Understand Initial Public Offers (IPOs)
- Understand Proxy Voting
- Understand Tax
- Understand the role played by specified participants
- Understand Legal & Compliance issues
- Understand Types of Risk
3
Client Money and Assets
Verified
Key Learning Objectives:
- Understand the importance of client assets and how they must be adequately protected under the Financial Conduct Authority's client assets regime
4
Collective Investment Schemes Administration
Verified
Key Learning Objectives:
- Know why Collective Investment Schemes were introduced and how they are used
- Understand the UK regulatory and legislative environment pertaining to Collective investment Schemes
- Understand the principles of the prevention of financial crime
- Know the purpose of relevant EU Directives
- Know the rights and protection of Unit/Shareholders
- Understand the constitution of a Collective Investment Scheme
- Understand the roles and responsibilities of the Authorised Fund Manager, Depositaries, Trustees and Custodians and the Auditors
- Understand the investment and borrowing powers of Collective Investment Schemes
- Understand investor transactions
- Understand registration and settlement procedures
- Understand the distribution of income under Collective Investment Schemes
- Understand investor communications (annual and half yearly reports and accounts)
- Understand the Taxation implications for Collective Investment Schemes
5
Combating Financial Crime
Verified
Key Learning Objectives:
- Understand the background and nature of financial crime in the UK and the international context and the different approaches to combating it
- Understand the nature of predicate offences
- Understand money laundering in both the UK and the international context and the measures in place to combat it
- Understand the nature of terrorist financing in its global context and the measures in place to combat it
- Understand the nature, significance and impact of corruption and the measures in place to combat it
- Understand the nature of bribery and the measures in place to combat it in the UK and the United States
- Understand governmental and quasi governmental approaches to combating financial crime
- Understand the role of the private sector in combating financial crime
6
Crest Settlement
Verified
Key Learning Objectives:
- Understand the scope and operational fundamentals of CREST
- Understand the key concepts in CREST settlement
- Understand dematerialised settlement of domestic securities
- Understand the processes involved in certificated securities settlement
- Understand the nature of stock lending and collateral
- Understand the processing of corporate actions and claims processing in CREST
- Understand the characteristics of International Settlements
7
Derivative Operations
Verified
Key Learning Objectives:
- Understand Exchange-Traded and Over-The-Counter Derivatives and their administration
8
Exchange Traded Derivatives Administration
Verified
Key Learning Objectives:
- Understand the history and development of derivative markets
- Understand the characteristics of futures and the basic principles of pricing futures
- Understand the characteristics of options
- Understand derivative use
- Understand the role of a derivative exchange
- Understand the role of the clearing ho
- Understand the concept of margin
- Understand the concepts of clearing and settlement
- Understand derivative regulation and compliance
- Understand the main characteristics of credit, market and operational risk
9
Exchange-Traded Derivatives
Verified
Key Learning Objectives:
- Understand the history and development of derivative markets
- Understand the characteristics of futures and the basic principles of pricing futures
- Understand the characteristics of options
- Understand derivative use
- Understand the role of a derivative exchange
- Understand the role of the clearing ho
- Understand the concept of margin
- Understand the concepts of clearing and settlement
- Understand derivative regulation and compliance
- Understand the main characteristics of credit, market and operational risk
10
FSA Financial Regulation
Verified
Key Learning Objectives:
- Understand the role of the Financial Services Authority (FSA) and the Regulatory Infrastructure
- Understand the Financial Services and Markets Act 2000
- Understand Associated Legislation and Regulation
- Understand European Union Directives
- Understand the FSA Conduct of Business Sourcebook / Client Assets
- Understand Customer Complaints and Redress
11
Global Financial Compliance
Verified
Key Learning Objectives:
- Understand the international financial services regulatory environment
- Understand the international approach to regulation
- Understand the compliance function
- Understand how the risk of financial crime is managed
- Understand ethics, integrity and fairness
- Understand compliance in the context of corporate governance and risk management
12
Global Securities Operations
Verified
Key Learning Objectives:
- Understand the types of securities, issue methods and principles of trading
- Understand the main industry participants
- Understand settlement characteristics for securities
- Understand other investor services
- Understand aspects of taxation
- Understand risk
13
Introduction to Securities and Investment
Verified
Key Learning Objectives:
- Understand the financial services industry and the key investment distribution channels within it, distinguishing between retail and professional business
- Understand the economic environment
- Understand Financial Assets and Markets
- Understand how a company is formed and the differences between private and public companies
- Understand the main types of bonds and the advantages and disadvantages of investing in different types of bonds
- Understand the major types of derivatives
- Understand the different types of investment funds
- Understand financial services regulation and its application
- Understand investment wrappers, taxation and trusts
- Understand other retail financial products: loans, mortgages and life assurance
14
ISA Administration
Verified
Key Learning Objectives:
- Understand what an ISA is
- Understand ISA regulation and authorisation
- Understand investors and the application process (ISAs)
- Understand investment rules and restrictions (ISAs)
- Understand account income and tax claims (ISAs)
- Understand account holder rights and protections (ISAs)
- Understand account managers' charges and expenses (ISAs)
- Understand withdrawals, closure and death of an investor (ISAs)
- Understand transfers (ISAs)
- Understand Returns of Information and HRMC Inspections (ISAs)
15
IT in Investment Operations
Verified
Key Learning Objectives:
- Understand IT in the securities industry
- Understand IT and the functional flow of financial instruments
- Understand the role of IT in the front office
- Understand the role of IT in the pre-settlement phase
- Understand the role of IT in the settlement and post-settlement phases
- Understand the impact of IT on Financial Control
- Understand IT Management
- Understand managing business change
- Understand the Globalisation of IT Services
16
Managing Cyber Security
Verified
Key Learning Objectives:
- Understand the threat of Cybercrime in the financial services industry, associated risks and how it can be managed
17
Operational Risk
Verified
Key Learning Objectives:
- Understand the basics of Risk
- Understand Credit Risk
- Understand Market Risk
- Understand the nature of Operational Risk
- Understand the causes, events and impact of Operational Risk
- Understand the Operational Risk Cycle
- Understand the Support and Control functions
- Understand the objectives and challenges of Enterprise Risk Management (ERM)
- Understand the context of common standards and protection in Operational Risk
18
OTC Derivatives Administration
Verified
Key Learning Objectives:
- Be able to define terms relevant to derivatives trading in the context of the history of derivatives trading
- Understand forward rate agreements and swaps
- Understand the key characteristics of OTC options
- Understand other principal derivative products
- Understand the factors affecting the pricing of OTC derivatives
- Understand the basics of risk theory
- Understand the finance, accounting and regulatory issues relating to OTC derivatives
- Understand the operational context of OTC derivatives
19
Pensions Administration
Verified
Key Learning Objectives:
- Understand the concepts and processes required to adminster various types of pension plans, both new and existing
20
Platforms, Wealth Management and Service Providers
Verified
Key Learning Objectives:
- Understand the services offered by Platforms, Wealth Managers and related Outsource Service Providers
21
Principles of Financial Regulation
Verified
Key Learning Objectives:
- Understand the main features of the regulatory environment
- Understand the Financial Services and Markets Act 2000
- Understand associated legislation and regulation
- Understand relevant European Union Directives
- Understand the FSA Conduct of Business Sourcebook / Client Assets
22
Principles of UK Financial Regulation
Verified
Key Learning Objectives:
- Understand the main features of the regulatory environment
- Understand the Financial Services and Markets Act 2000
- Understand associated legislation and regulation
- Understand the FCA Conduct of Business Sourcebook / Client Assets
23
Risk in Financial Services
Verified
Key Learning Objectives:
- Understand the principles of the risk management frame
- Understand the role of corporate governance in risk oversight
- Understand risk-related regulation and policy in financial services
- Understand operational risk
- Understand Credit Risk
- Understand Market Risk
- Understand Investment Risk
- Understand Liquidity Risk
- Understand Enterprise Risk Management (ERM)
24
Technology in Investment Management
Verified
Key Learning Objectives:
- Technology in investment management
- The regulatory frame
- Technology and the functional flow of financial instruments
- The role of technology in trade capture
- The role of technology in the pre-settlement phase
- The role of technology in the settlement and post-settlement phases
- The impact of technology on financial control
- Technology management
- Managing business change
- Technology services procurement
25
Transfer Agency Administration and Oversight
Verified
Key Learning Objectives:
- The Transfer Agency (TA) Frame
- The Regulatory Frame
- Managing the Risk of Financial Crime
- Managing TA Operations
- Distribution, Front and Ongoing Changes
- Customer and Investor Relations
- Compliance and Oversight
26
UK Financial Regulation
Verified
Key Learning Objectives:
- Understand the financial services regulatory environment
- Understand the Financial Services and Markets Act 2000
- Understand Associated Legislation and Regulation
- Understand the FCA Conduct of Business Sourcebook / Client Assets
- Understand Customer Complaints and Redress
Regulatory & Verification Details
- Qualification Number (QN)
- 600/0715/1
- Regulated Status
- Available to learners
- Awarding Body
- CISI
- Qualification Type
- Vocationally-Related Qualification
- Operational Start
- Feb 2011