Modification History
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Release |
Comments |
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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
