A guide to competency based interviews

Описание: Competency-based interviews are interviews that aim to test your core competencies, these will vary from industry to industry and job to job. They attempt to find out what core skills you have, how you use them and examples of this in both your career and wider life. Most competency-based interviews will last in or around 1 hour. This can massively vary depending on; how the interview has gone (good or bad), how many stages the company has in the recruitment process and how many candidates are interviewing for the role.

Time-stamps:

1:14 - What to expect
4:07 - How to identify them
5:23 - Financial Advisor core competencies
6:08 - Paraplannner core competencies
6:56 - Admin core competencies
7:39 - Equity release core competencies



Links:

How to answer competency-based interview questions:    • How to answer competency based interview q...  

How to answer competency-based interview questions: https://www.premierjobsuk.com/blog/a-...

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What are core competencies for Financial Services?

Core competencies of a Financial Advisor

Influencing others: As a salesperson, you will have to influence your clients on day-to-day clients whether that be what investment to peruse or persuading them to remain invested with you or your company.
Self-confidence: You will need to be confident and decisive in that every decision you are making is appropriate for your clients and confident in your ability to analyse each situation independently.
Thoroughness: Linking to the last point, you will need to be thorough to be confident. Going through everything meticulously is very important in this profession and industry.
Core competencies of a Paraplanner

Analytical: When looking at the steps taken in providing advice to clients, analysis skills ranks highly. It is important to understand the appropriate recommendations you are giving to a Financial Advisor by analysing the client’s needs.
Adaptability: There will be situations in which a client’s desire or risk for change will be altered. It will be your job to remain adaptable and respond to these changed accordingly.
Information Gathering: As a Paraplanner, it is at the core of your role to gather information effectively. Completing this competency efficiently, effectively and correctly will determine how successful you are at your job.
Core competencies of an Administrator:

Managing relationships: When you are an Administrator you need to be a people person. Ensuring the maintenance of relationships both internally and externally is of paramount importance.
Communication written and verbal: When you are in daily discourse with colleagues it is important that you are keeping an open dialogue with them.
Personal organisation: Personal organisation is the most important aspect of an administrative role. If you are not organised your job will become far more difficult and unorganised.
Core competencies of an Equity Release Advisor:

Analysis and judgement: In equity release, you will have to use judgement and analysis to understand your clients wants and needs and respond accordingly.
Determination: As a salesperson, you will need to stay determined to chase the deal down to the completion point.
Managing relationships: As an Equity Release Advisor you have to deal with clients and their families often in trick situations, you must successfully navigate through these situations to effectively carry out your role.