Level 6 Strategic Management in Banking and Finance (SMBF)

Professional Qualifications

Level 6 Strategic Management in Banking and Finance (SMBF)

This qualification develops your skills by introducing you to the challenges associated with the implementation of strategy and leadership of change within the banking and finance industry. 

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About the qualification

Are you aiming for a management role? The Level 6 Strategic Management in Banking and Finance qualification is of particular interest if you are in / or aiming for a management role. By completing this qualification, you will enhance your management skills by studying the concept of strategy; analysing the external and internal factors that affect it and drive change, and understanding the risks and threats associated with strategic choices. 

Benefits for you
  • Build upon your strategic business awareness
  • Improve your management prospects
  • Achieve an industry recognised qualification

Benefits for your employer
  • Value-added through better business decisions
  • Improved customer outcomes
  • Support your staff with their professional development

Strategic Management in Banking and Finance is a Level 6 qualification. Regulation by Ofqual is pending.

Key information

  • Contributes to achievement of Chartered Associate status 
  • Two study sessions per year in November and May
  • Tutor supported course
  • Comprehensive online study materials are provided
  • Assessed through a coursework assignment and written examination

Units

SMBF consists of one unit.

 

Unit 1 - Strategic Management in Banking and Finance


  • The importance of strategy
  • Main external drivers and impact of the internal environment on strategy
  • Leadership and management strategies used by organisations
  • Risks and threats associated with strategy
  • The challenge of strategy implementation;
  • Techniques for monitoring and evaluating the success of strategy

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The Strategic Management in Banking and Finance qualification introduces students to the concept of strategy and its importance to the performance of banking and finance organisations.  The factors that affect strategy development and drive change are explored, along with the risk and challenges associated with the implementation of strategic decisions.  The qualification will enhance your skills enabling you to become a more effective manager in contributing to strategy creation, leadership and change management.  SMBF Subject Matter Expert

Studying

Your registration fee includes the following study support:

  • Tutor support
  • Online access to learning materials
  • Exemplar papers
  • Webinars and learning activities including e-quizzes
  • Study planner
  • Access to online tutor forum 
The course is studied over a six month session. 

Assessment

Assessment for SMBF will have two components:

  • A coursework assignment. Typical word count 2,500 words
  • A written examination.

To pass the unit you must achieve the minimum pass mark of 50% of the marks available within each part.

View information on examination booking and venues. 

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Frequently Asked Questions

The registration fee includes the study text, in both book and PDF format*, the first sitting of your examination and/or coursework and online access to the MyLIBF area of the website.

*The Certificate for Specialists in Demand Guarantees (CSDG®) study text is not currently available online.   

In line with our charitable objectives, we make means-tested bursaries available to students studying our qualifications.

You can find out more information about the bursaries we offer here.
If you would like to apply for a bursary, please email our Student and Customer Services team or call them on +44 (0)12 2781 8609. Please ensure that you have details of the qualification you intend to study when contacting us. 

If you find that the qualification you have registered for is not appropriate to your needs, you may cancel it. A full refund will only be given providing all learning materials are returned to us, fully intact and undamaged, within 14 calendar days of receipt. However, if you have already booked an examination, no refund will be given.

 

After 14 calendar days, all fees are non-refundable and non-transferable. If you have registered for a qualification where study materials are provided online only e.g. resit and CSDG students, a refund may only be requested within 14 days of The London Institute of Banking and Finance receiving payment.

This is dependent on the type of examination you are sitting.

Electronic examinations

These are controlled by Pearson VUE and you will need to contact them directly via using the details on the ‘important registration information’ link on the MyLIBF home page.

If you are unable to attend your examination, please contact Pearson VUE as soon as possible to cancel or reschedule your examination, allowing a minimum of one full clear business days notice prior to your examination. For example, the deadline to cancel or reschedule an electronic examination due to take place on a Tuesday would be the Friday before. 
 
AFA examinations

All electronic Advanced Financial Advice (AFA) examination and all paper based examinations are taken on a set date (as per the qualification timetable) and it is not possible to change the date and time. You may however, be able to change the venue or defer to a later sessions and should contact the Student and Customer Services team via email or by phone on +44 (0)12 2781 8609 to enquire.

If you are unable to provide the required notice due to significant mitigating circumstances such as sudden illness, please contact Students and Customer Services straight away as you may be eligible for Special Consideration. Supporting documentary evidence is required for a Special Consideration application. 

Making a complaint

A complaint should be made as soon as possible, but no later than ten working days from the date of the incident occurring. 

We deal with all complaints as promptly as possible and within clearly defined timescales. Where it is not possible to meet these service standards, students will be informed of the progress of their complaint. The stages for handling a complaint are as set out within our CPQ Complaints Policy.

Appealing a decision

Students also have the right to appeal to a decision that has been made in the course of the assessment of their programme of learning. An appeal may only be submitted in relation to final decisions. 

An appeal application must be submitted to us within 15 working days of the date of our letter advising the outcome of a decision. If the appeal application form is received after the deadline, we reserve the right to refuse the application. Please read our Appeals Policy, in particular Section B - 'making an appeal'.
 
Making a result enquiry

If you believe that there has been an error in the marking of your assessment, you may apply for an assessment result enquiry. This policy does not apply to the applicant who believes that their performance during an assessment may have been adversely affected by external factors, for example, noise, illness or unforeseen circumstances. These cases are dealt with under our Special Consideration Policy.

Please read our Assessment Result Enquiry Policy fully as this sets out the key stages for applying. An application form is included within the policy and must be sent to us within 10 working days of the assessment outcome being communicated to you. 
 

For any of the above, we recommend that you first contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email enquiries@libf.ac.uk to discuss the nature of your concern and for us to offer guidance regarding the process.

... Recognition of Prior Learning (RPL)?

You can apply by completing the RPL application form and sending the form and certified copies of your qualification certificate or transcript to the email or postal address on the form.

We aim to consider and respond with an outcome to your application within 10 working days. In the event that an enquiry proves complex, we may need longer than initially anticipated to investigate it. In such cases, we will make sure that you are kept informed of progress.

You can find the RPL policy here.

special consideration?

You can find our CPQ Special Consideration Policy here. You will need to complete an application form and submit this with your documentary supporting evidence. Given the individual nature of special consideration claims, we would recommend that you also contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email enquiries@libf.ac.uk for an informal discussion before you submit your application.

For your claim to be considered, you must have initially notified us of your circumstances on or before the submission deadline for coursework or within five days of the examination date. Any applications made outside of this timescale must include an explanation as to why the delay has occurred.

We aim to consider and respond with an outcome within 5 – 10 working days of receipt of your application. This timescale may be longer In the event of your application being referred to the Concessionary Board.

… reasonable adjustment?

Given the individual nature of reasonable adjustments, we would recommend that you contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email enquiries@libf.ac.uk for an informal discussion before you submit a request. This will allow us to fully understand the nature of your request and advise you on the type of supporting evidence required.

You can find our CPQ Reasonable Adjustments Policy here. An application form is included within Section A, and must be sent to us at least six weeks prior to the date when the adjustment will need to be in place. 

Contact

For other enquiries please contact Student and Customer Services or call +44 (0)12 2781 8609.

FAQs
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