Apprenticeship Standard: Investment Operations Specialist Level 4 Apprenticeship


This Level 4 Apprenticeship Standard has been designed specifically for roles within the operational and administrative areas of businesses in the Financial Services such as stock exchanges, stockbrokers, investment managers, banks, financial advice and wealth management firms and investment consulting and investment administration businesses.

It develops the Skills, Knowledge and Behaviours to be a success in the role including performing complex and specialised activities, to be fluent in the systems and processes of the organisation and to be aware of the wider risk implications of their role and the business. With a choice of CII or IMC qualifications included, on completion, it will allow the apprentice to progress further into organisation and onto more qualifications if required.

Trailblazer Group

The employer Trailblazer Group that created this Standard included: Aon Hewitt, BNY Mellon, Castlefield, Charles Stanley Barnett, CFA Institute, Chartered Institute for Securities & Investments, International Financial Data Services, J.P. Morgan, M&G Investments, Mercer, Rathbones, Royal Bank of Scotland, Waddingham LLP.

Role Suitability

Duties that this role could be asked to perform in line with the employer’s needs include (but are not limited to):

  • Processing and settlement of derivatives or complex investments
  • Calculation and management of initial and ongoing margin for derivatives positions
  • Valuation of complex investment portfolios
  • Preparation of investment performance reports for clients and investment managers
  • Preparation of management reports for internal review
  • Selection of investment funds for platforms accessed by retail customers, based on pre-defined criteria
  • Resolving complex issues within and across departments.

Key Facts


Standard guideline: 18 to 24 months (min. 12 months) Timeframes are flexible depending on the employer and/or the apprentice’s ability to be successful on the programme.

Study Mode:

BPP Professional Education can provide flexible study methods towards these qualifications including:

  • In classroom face to face
  • Online Classroom (recorded)
  • Online Classroom Live (real time) or a mix of all three

All BPP programmes are supported by our award winning Virtual Learning Environment.


The professional qualification includes a choice of:

  • Chartered Institute of Securities and Investment - Investment Operations Certificate; Certificate in Investment Management; Investment Advice Diploma; Managing Operational Risk in Financial Institutions
  • CFA Institute / CFA UK - Investment Management Certificate

Knowledge, Skills and Behaviours


  • Service Delivery
  • Communicating & Influencing
  • Team Working & Collaboration
  • Ownership and Initiative
  • Personal Development


  • Honesty & Integrity
  • Adaptability
  • Enthusiasm


The On Programme Assessment ensures the apprentice is making good progress towards achieving competency in the Knowledge, Skills and Behaviours of an Insurance Practitioner.

At BPP Professional Education the apprentice will gain a recognised Level 4 qualification and all the examinations must be passed before sitting the End Point Assessment. The End Point Assessment consists of two elements; a portfolio of work completed during the End Point Assessment stage and a Professional Discussion.

BPP Support

Both the apprentice and employer will be supported by a team of Programme Advisors and Skills Coaches who will ensure the apprentice completes the Knowledge, Skills and Behaviours required and is ready to sit the End Point Assessment.

Entry Requirements

Level 2 Maths and English (equivalent to GCSE grade C or above), ideally as part of 5 GCSE A-C grades or other comparable qualifications. Apprentices without English or Maths at Level 2 must achieve this prior to the completion of the Level 4 Apprenticeship.

Employers have the flexibility to set their own minimum entry requirements and may want to increase their criteria.

Employer Requirements

  • Provide apprentices with a contract of employment for the duration of the apprenticeship on the first day of their apprenticeship and be paid at least a wage consistent with the law for both the time they are in work and in off-the-job learning.
  • Employer must not ask the apprentice to contribute financially to the direct cost of learning.
  • Provide the apprentice with paid time to attend off-the-job training, including additional support for English and Maths, or support accessed for learning difficulties and/or disabilities.
  • Recognise that the apprentice must complete the apprenticeship within their working hours.
  • Ensure apprentice spends at least 20% of their time in off-the-job training.
  • Enter into a contract with BPP University.
  • Support the apprentice to gain new skills.

Apprentice Requirements:

  • Be in full-time employment for at least 30 hours a week.
  • Be an employee (have a contract of employment for the duration of the apprenticeship) on the first day of their apprenticeship and be paid at least a wage consistent with the law for both the time they are in work and in off-the-job learning.
  • A citizen of a country within the European Economic Area (EEA**) or have the right of abode in the UK, and have been ordinarily resident in the EEA for at least the previous three years on the first day of learning.
  • Not be enrolled on another apprenticeship at the same time.
  • Has the right to work in England.
  • Able to complete the apprenticeship in contracted working hours.
  • Be in a new job role (nine months or less), or in an existing job role, where significant new Knowledge and Skills are needed – employer statement of justification needed (relevant to the apprenticeship).


On completion of this Investment Operations Specialist Level 4 Apprenticeship, apprentices have the opportunity to undertake additional study that could count towards the completion of the professional institutes higher qualifications such as further CISI qualifications.

Costs and Government Funding

Employers will be able to draw up a funding cap of £9000 per apprentice from the Digital Voucher Service to cover the training costs for this Apprenticeship Standard.