Modification History
|
Release |
Comments |
|
Release 1 |
This version first released with the FNS Financial Services Training Package Version 8.0. Supersedes and is equivalent to FNS60720 Advanced Diploma of Financial Licensing Management. |
Qualification Description
This qualification reflects the role of individuals occupying the position of responsible manager in a financial services organisation. At this level individuals are expected to apply specialist skills and knowledge in a range of situations to deal with complex situations and issues. They work across a broad range of technical or management functions with accountability for personal outputs and for team outcomes.
Licensing, legislative, regulatory or certification considerations
Work functions in the occupational areas where this qualification is used may be subject to regulatory requirements. Refer to the relevant regulator for specific guidance on requirements.
Entry Requirements
Nil
Packaging Rules
Total number of units = 10
5 core units plus
5 elective units , of which:
- at least 3 must be from the elective units listed below
- up to 2 may be from any currently endorsed Diploma or above training package qualification or accredited course.
Elective units must be relevant to the work environment and the qualification, maintain the overall integrity of the AQF alignment, not duplicate the outcome of another unit chosen for the qualification, and contribute to a valid industry-supported vocational outcome.
Core units
FNSFMK516 Review and confirm human resources and IT systems satisfy requirements of licence
FNSFMK523 Comply with requirements of licence and regulatory framework
FNSFMK619 Develop and implement policies and procedures to support organisational values and culture
FNSINC513 Identify and apply complex ethical decision making to workplace situations
FNSINC514 Apply ethical frameworks and principles to make and act upon decisions
Elective units
Group A – Financial risk management
FNSRSK511 Undertake risk identification
FNSRSK512 Assess risks
FNSRSK611 Develop and implement risk mitigation plan
FNSRSK612 Determine and manage risk exposure strategies
Group B – Financial markets
FNSFMK520 Develop and monitor risk management strategies for client
FNSFMK521 Analyse financial markets and information
FNSFMK611 Price financial transactions
FNSFMK612 Manage trading exposures
FNSFMK513 Undertake assessment of product and advice suitability for non-retail clients
Group C – Client advisory roles
FNSASICS513 Provide wholesale advice in foreign exchange*
FNSASICT513 Provide wholesale advice in managed investments*
FNSASICV513 Provide wholesale advice in derivatives*
FNSASICW513 Provide wholesale advice in securities*
FNSCUS504 Manage premium customer relationships
FNSCUS515 Determine client financial requirements and expectations
FNSCUS516 Record and implement client instructions
FNSFMK502 Analyse financial market products for client
FNSFMK515 Comply with financial services regulation and industry codes of practice
FNSFMK525 Analyse clients’ financial risk
FNSIAD511 Provide appropriate services, general advice and products to clients
FNSIAD512 Develop financial investment options and strategies for clients
FNSINC511 Conduct financial product research to support product recommendations
*Note the following prerequisite unit requirements.
|
UNIT IN THIS QUALIFICATION |
PREREQUISITE UNITS |
|
FNSASICS513 Provide wholesale advice in foreign exchange |
|
|
FNSASICT513 Provide wholesale advice in managed investments |
|
|
FNSASICV513 Provide wholesale advice in derivatives |
|
|
FNSASICW513 Provide wholesale advice in securities |
|
Qualification Mapping Information
Supersedes and is equivalent to FNS60720 Advanced Diploma of Financial Licensing Management.
Links
Companion Volume Implementation Guide is found on VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe
