Modification History
Release |
Comments |
Release 4 |
This version released with FNS10 Financial Services Training Package version 5.0. Update imported units: Qualification outcomes remain unchanged. |
Release 3 |
This version released with FNS10 Financial Services Training Package version 3.0. Corrected typographical errors. |
Release 2 |
Release 2 of this Qualification first released with FNS10 Financial Services Training Package version 2.0. Updated suffix of unit to BSBWOR404B. |
Release 1 |
This Qualification first released with FNS10 Financial Services Training Package version 1.0. |
Description
This qualification reflects the job roles in financial markets back office operations.
Pathways Information
Pathways into the qualification
The primary pathway into this qualification is employment in financial markets roles performing duties such as:
- confirming financial transactions
- settling financial transactions
- reconciling financial transactions
- assisting in the settling of a loan
Pathways from the qualification
A further learning pathway utilising qualifications such as FNS51011 Diploma of Financial Markets would support career progression.
Licensing/Regulatory Information
There is no direct link between this qualification and licensing, legislative and/or regulatory requirements. However, where required, a unit of competency will specify relevant licensing, legislative and/or regulatory requirements that impact on the unit.
Entry Requirements
Not applicable.
Employability Skills Summary
The following table contains a summary of the employability skills required by industry for this qualification. The employability skills facets described here are broad industry requirements that may vary depending on qualification packaging options.
Employability Skill |
Industry /enterprise requirements for this qualification include : |
Communication |
|
Teamwork |
|
Problem solving |
|
Initiative and enterprise |
|
Planning and organising |
|
Self-management |
|
Learning |
|
Technology |
|
Packaging Rules
15 units must be achieved:
10 core units
plus 5 elective units
- the required elective units of competency can be selected from the elective bank or from units aligned to another Certificate IV qualifications in the FNS10 Financial Services Training Package
- a maximum of 2 electives may be selected from units aligned to Diploma qualifications in the FNS10 Financial Services Training Package
- a maximum of 2 electives may be selected from units aligned to Certificate IV or Diploma qualifications from another endorsed Training Package or accredited course.
Elective units must be relevant to the work outcome, local industry requirements and the qualification level.
Units selected from other Training Packages or accredited courses must not duplicate units selected from or available within the FNS10 Financial Services or BSB07 Business Services Training Packages.
Core units of competency:
- BSBCOM501B Identify and interpret compliance requirements
- BSBFIA301A Maintain financial records
- BSBRSK401A Identify risk and apply risk management processes
- BSBWOR404B Develop work priorities
- FNSFMK401A Reconcile financial transactions
- FNSFMK402A Develop and maintain knowledge of financial markets products
- FNSFMK501A Analyse financial markets and information
- FNSFMK504A Complete settlement and conformation processes
- FNSACM401A Evaluate and authorise payment requests
- FNSINC401A Apply principles of professional practice to work in the financial services industry
Elective units of competency:
- BSBADM405B Organise meetings
- BSBADM502B Manage meetings
- BSBINM302A Utilise a knowledge management system
- BSBITU402A Develop and use complex spreadsheets
- BSBLEG301A Apply knowledge of the legal system to complete tasks
- BSBOHS303B Contribute to OHS hazard identification and risk assessment
- BSBWOR401A Establish effective workplace relationships
- BSBWOR501B Manage personal work priorities and professional development
- FNSFMK403A Interpret financial markets information