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Qualification details

FNS50320 - Diploma of Finance and Mortgage Broking Management (Release 1)

Summary

Usage recommendation:
Superseded
Mapping:
MappingNotesDate
Supersedes FNS50315 - Diploma of Finance and Mortgage Broking Management 01/Feb/2021
Is superseded by and equivalent to FNS50322 - Diploma of Finance and Mortgage Broking ManagementSupersedes and is equivalent to FNS50320 Diploma of Finance and Mortgage Broking Management. 14/Jun/2022

Releases:
ReleaseRelease date
1 1 (this release) 02/Feb/2021


Units of competency

CodeSort Table listing Units of Competency by the Code columnTitleSort Table listing Units of Competency by the Title columnUsage RecommendationSort Table listing Units of Competency by the Usage Recommendation columnEssentialSort Table listing Units of Competency by the Essential column
BSBLDR523 - Lead and manage effective workplace relationshipsLead and manage effective workplace relationshipsCurrentElective
FNSFMB412 - Identify client needs and present broking optionsIdentify client needs and present broking optionsCurrentCore
BSBLDR602 - Provide leadership across the organisationProvide leadership across the organisationCurrentElective
FNSCUS511 - Develop and maintain professional relationships in financial services industryDevelop and maintain professional relationships in financial services industryCurrentCore
BSBLDR414 - Lead team effectivenessLead team effectivenessCurrentElective
FNSPRM611 - Monitor and review organisational system compliance with legislation and regulationsMonitor and review organisational system compliance with legislation and regulationsCurrentElective
BSBOPS505 - Manage organisational customer serviceManage organisational customer serviceCurrentElective
FNSORG512 - Develop, implement and monitor policy and proceduresDevelop, implement and monitor policy and proceduresCurrentElective
BSBHRM413 - Support the learning and development of teams and individualsSupport the learning and development of teams and individualsCurrentElective
FNSFMB513 - Present credit options to clients with special financial circumstancesPresent credit options to clients with special financial circumstancesCurrentCore
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Classifications

SchemeCodeClassification value
ANZSCO Identifier 222112 Finance Broker 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 
Qualification/Course Level of Education Identifier 421 Diploma 
Taxonomy - Industry Sector N/A Broking 
Taxonomy - Occupation N/A Insurance Broking Manager,Mortgage Broker,Finance Broker,Insurance Broker,Mortgage Broking Manager 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 222112 Finance Broker 10/Mar/2021 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 10/Mar/2021 
Qualification/Course Level of Education Identifier 421 Diploma 02/Feb/2021 
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Modification History

Release 

Comments 

Release 1

This version first released with FNS Financial Services Training Package Version 6.0.

Qualification Description

This qualification reflects management roles in finance and mortgage broking where work is undertaken independently, through an aggregator, or involves managing a workplace team. At this level individuals are expected to apply theoretical knowledge and specialised skills in a range of situations and display initiative and judgement in completing activities. They have autonomy in performing complex technical operations and may be responsible for the work of others within broad but generally well-defined parameters.

Licensing, legislative, regulatory or certification considerations

Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Relevant regulatory authorities should be consulted to confirm those requirements before applying the qualification.

Entry Requirements

Nil

Packaging Rules

Total number of units = 15 

10 core units  plus

5 elective units,  of which:

  • at least 3 must be from the electives listed below
  • up to 2 may be from elsewhere in this or any other 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

FNSCUS511 Develop and maintain professional relationships in financial services industry

FNSFMB411 Prepare loan applications on behalf of clients

FNSFMB412 Identify client needs and present broking options

FNSFMB512 Identify and develop credit options for clients with special financial circumstances

FNSFMB513 Present broking options to client with special financial circumstances

FNSFMB514 Implement complex loan structures

FNSFMK515 Comply with financial services regulation and industry codes of practice

FNSINC411 Conduct work according to professional practices in the financial services industry

FNSINC504 Apply ethical frameworks and principles to make and act upon decisions

FNSRSK511 Undertake risk identification

Elective units

BSBESB404 Market new business ventures

BSBHRM413 Support the learning and development of teams and individuals

BSBINS402 Coordinate workplace information systems

BSBLDR414 Lead team effectiveness

BSBLDR523 Lead and manage effective workplace relationships

BSBLDR602 Provide leadership across the organisation

BSBOPS502 Manage business operational plans

BSBOPS505 Manage organisational customer service

BSBSUS511 Develop workplace policies and procedures for sustainability

FNSFMB511 Implement credit contracts in preparation for settlement

FNSINC412 Apply and maintain knowledge of financial products and services

FNSINC503 Identify situations requiring complex ethical decision making

FNSORG512 Develop, implement and monitor policy and procedures

FNSPRM611 Monitor and review organisational system compliance with legislation and regulations

FNSPRM612 Improve business of financial practices

FNSPRM613 Grow financial practices

FNSRSK512 Assess risks

FNSRSK612 Determine and manage risk exposure strategies

Qualification Mapping Information

No equivalent qualification. Supersedes and is not equivalent to FNS50315 Diploma of Finance and Mortgage Broking Management.

Links

Companion Volume Implementation Guide is found on VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe