This is a completed and painted, fixed-pose figure.
From the Good Smile Company website:
From the popular 3DS game "Fire Emblem: Awakening" comes a 1/7th scale figure of the young Ylisse Pegasus Knight, Cordelia! Her pose is based on illustrations specially drawn by the character's original designer, Yusuke Kozaki.
The figure shows off both Cordelia's integrity and strength, wielding her lance as she trains for the coming battle. Her stand is based in an ancient city, with a monument of a pegasus wing protruding from the ground, bringing out the atmosphere of the Fire Emblem universe. The rippling water layer on the base can also be removed, allowing for a slightly different appearance.