Apprenticeships

The Institute has been closely involved with recent developments in Apprenticeships and has assisted with the development of the new, employer-led “Trailblazer” apprenticeship standards in banking and wider financial services. With a range of apprenticeships available already including customer advisers, relationship management and compliance and new schemes under development, we anticipate that many of tomorrows’ future leaders will enter the industry as apprentices. 

The Institute is delighted to announce that it has been accepted as an Apprenticeship Assessment Organisation (AAO) to carry out the End Point Assessment (EPA) for the Level 2 Financial Service Customer Adviser Standard, and the Level 3  Senior Financial Service Customer Adviser Standard, as part of the ‘trailblazers’ apprenticeship learning programme.
 
The Institute will be working alongside employers and training providers to develop the EPA, which will involve the completion of a portfolio which details the knowledge, skills & behaviours to carry out their role.
 
We believe that the professional interview element of the EPA will also allow a new recruit to the banking industry to prove they meet the necessary standards and play a positive role in ensuring these standards are met.
 
The Institute’s qualifications underpin a range of banking and financial services Apprenticeship programmes, which are also aligned to our membership grades.

Completion of an Apprenticeship programme that utilises Institute qualifications will give a clear progression route that will enable individuals to access Institute membership and Continuing Professional Development (CPD) and progress to further professional or postgraduate qualifications and, potentially, to attain full Chartered Banker status. 
 
The Institute is delighted to be working with employers on Apprenticeships and welcomes the opportunity to broaden the appeal of careers in banking. From the employer perspective, apprenticeships are a great way to realise potential talent by offering individuals the chance to gain priceless work experience and also attain respected professional qualifications without incurring debt.
 

The Government's Apprenticeships Vision 

The UK government has a well-defined vision for increasing the profile of the new Apprenticeship framework in the UK by 2020. This includes: 
 
  • 3 million apprentices by 2020;
  • Apprenticeships will be an attractive offer that young people and adults aspire to go into, as a high quality and prestigious path to a successful career;
  • All apprenticeships will provide substantive training in a professional or technical route, transferable skills and competency in English and maths for all ages;
  • Apprenticeships will be available across all sectors of the economy and at all levels, including degree level.

The core principles of quality for an apprenticeship

It is a job in a skilled occupation; 
 
  • It requires substantial and sustained training, lasting a minimum of 12 months and involving at least 20% off-the-job training; 
  • It develops transferable skills, and English and maths,  to progress careers; 
  • It leads to full competency and capability in an occupation, demonstrated by the achievement of an apprenticeship standard;
  • It trains the apprentice to the level required to apply for professional recognition where this exists.

Retail & Business Banking Professional Qualifications aligned to Apprenticeship Programmes

 
Level 2: Award in Business Banking
 
These qualifications support apprentices seeking aspirational careers in banking, and provide recognised qualifications and membership of the Chartered Banker Institute. Apprentices will gain a qualification that covers basic banking principles including the regulatory environment and the key banking disciplines of credit and lending, and risk management. With varying optional units, programmes can be tailored to individual roles for many areas of banking. The Professional Banker Certificate within Level 3 fully meets the knowledge and skills requirements of the Foundation Standard for Professional Bankers.
 

Apprenticeship Funding

 
Please note that the approach to funding will be subject to substantial changes from April 2017, with the implementation of the Apprenticeship levy.
 

Next steps

For further information on how Apprenticeships can work in your organisation, please email: info@charteredbanker.com