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Qualification details

FNS51015 - Diploma of Financial Markets (Release 4)

Summary

Usage recommendation:
Superseded
Mapping:
MappingNotesDate
Supersedes and is equivalent to FNS51011 - Diploma of Financial MarketsUpdated to meet Standards for Training Packages. 24/Mar/2015
Is superseded by FNS51020 - Diploma of Financial Markets 30/Jun/2020

Release Status:
Current
Releases:
ReleaseRelease date
4 (this release) 13/Feb/2018
(View details for release 3) 14/Jan/2016
(View details for release 2) 22/Apr/2015
(View details for release 1) 25/Mar/2015


Units of competency

CodeSort Table listing Units of Competency by the Code columnTitleSort Table listing Units of Competency by the Title columnEssentialSort Table listing Units of Competency by the Essential column
FNSASICV503 - Provide advice in derivativesProvide advice in derivativesElective
BSBCOM406 - Conduct work within a compliance frameworkConduct work within a compliance frameworkCore
FNSFMK512 - Apply knowledge of emissions marketsApply knowledge of emissions marketsElective
FNSFMK510 - Prepare trading strategies for clientsPrepare trading strategies for clientsElective
FNSCUS505 - Determine client requirements and expectationsDetermine client requirements and expectationsElective
FNSFMK509 - Process transaction documentationProcess transaction documentationElective
FNSCUS504 - Manage premium customer relationshipsManage premium customer relationshipsElective
FNSFMK503 - Advise clients on financial riskAdvise clients on financial riskElective
FNSINC503 - Identify situations requiring complex ethical decision makingIdentify situations requiring complex ethical decision makingElective
FNSINC504 - Apply ethical frameworks and principles to make and act upon decisionsApply ethical frameworks and principles to make and act upon decisionsElective
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Classifications

SchemeCodeClassification value
ANZSCO Identifier 222312 Financial Investment Manager 
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 Financial Services,Broking,Financial Planning 
Taxonomy - Occupation N/A Financial Market Advisor 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 222312 Financial Investment Manager 30/Jul/2015 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 30/Jul/2015 
Qualification/Course Level of Education Identifier 421 Diploma 25/Mar/2015 
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Modification History

Release 

Comments 

Release 4

This version released with FNS Financial Services Training Package version 3.0

Release 4 created to update elective unit list

Release 3

This version released with FNS Financial Services Training Package version 2.0

Release 3 created to update packaging rules

Release 2

This version released with FNS Financial Services Training Package version 1.1

Release 2 created to correct typographical error

Release 1

This Qualification first released with FNS Financial Services Training Package version 1.0

Qualification Description

This qualification reflects job roles in financial markets involving duties in the areas of client advising, operations and dealing. Individuals in these roles have autonomy in performing technical operations, apply solutions to a range of often complex problems, and research, analyse and evaluate information from a variety of sources. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others.

Licensing/Regulatory Information

Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.

Entry Requirements

Nil.

Packaging Rules

Total number of units = 9 

4 core units  plus

5 elective  units

The elective units consist of:

  • 3 from the electives below.

Of the remaining 2 units:

  • up to 2 may be from the electives
  • up to 2 may be from a Certificate IV, Diploma or Advanced Diploma in any currently endorsed training package or accredited course.

The elective units chosen must be relevant to the work outcome and meet local industry needs.

Core Units  

FNSFMK501 Analyse financial markets and information

FNSINC401 Apply principles of professional practice to work in the financial services industry

FNSRSK502 Assess risks

BSBCOM406 Conduct work within a compliance framework

Elective Units 

Group A 

Client advisory roles 

FNSASICL503* Provide advice in the regulated emissions market

FNSASICS503* Provide advice in foreign exchange

FNSASICT503* Provide advice in managed investments

FNSASICV503* Provide advice in derivatives

FNSASICW503* Provide advice in securities

FNSCUS504 Manage premium customer relationships

FNSCUS505 Determine client requirements and expectations

FNSCUS506 Record and implement client instructions

FNSFMK502 Analyse financial market products for client

FNSFMK503 Advise clients on financial risk

FNSFMK512 Apply knowledge of emissions markets

FNSIAD501 Provide appropriate services, advice and products to clients

FNSIAD502 Provide appropriate and timely information and advice to clients

FNSINC501 Conduct product research to support recommendations

FNSINC503 Identify situations requiring complex ethical decision making

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

Group B 

Operational roles 

FNSFMK401 Reconcile financial transactions

FNSFMK504 Complete confirmation and settlement processes

FNSFMK506 Detect errors and fraud when processing financial transactions

FNSFMK507 Analyse risk mitigation in the operation process

FNSFMK508 Monitor and process collateral

Group C 

Dealing room roles 

FNSFMK601 Price financial transactions

FNSFMK602 Hedge financial products

FNSFMK509 Process transaction documentation

FNSFMK510 Prepare trading strategies for clients

FNSFMK511 Apply limits when trading

*Note the following prerequisite unit requirements:

Unit in this qualification

Prerequisite unit

FNSASICL503 Provide advice in the regulated emissions market

FNSFMK501 Analyse financial markets and information

FNSFMK502 Analyse financial market products for client

FNSFMK503 Advise clients on financial risk

FNSFMK512 Apply knowledge of the emissions market

FNSAISCS503 Provide advice in foreign exchange

FNSINC501 Conduct product research to support recommendations

FNSIAD501 Provide appropriate services, advice and products to clients

FNSCUS505 Determine client requirements and expectations

FNSCUS506 Record and implement client instructions

FNSASICT503 Provide advice in managed investments

FNSINC501 Conduct product research to support recommendations

FNSIAD501 Provide appropriate services, advice and products to clients

FNSCUS505 Determine client requirements and expectations

FNSCUS506 Record and implement client instructions

FNSASICV503 Provide advice in derivatives

FNSFMK502 Analyse financial market products for client

FNSFMK503 Advise clients on financial risk

FNSCUS505 Determine client requirements and expectations

FNSCUS506 Record and implement client instructions

FNSASICW503 Provide advice in securities

FNSFMK502 Analyse financial market products for client

FNSFMK503 Advise clients on financial risk

FNSCUS505 Determine client requirements and expectations

FNSCUS506 Record and implement client instructions

Qualification Mapping Information

Code and title  

current version 

Code and title 

previous version 

Comments 

Equivalence status 

FNS51015 Diploma of Financial Markets (Release 4)

FNS51015 Diploma of Financial Markets (Release 3)

Updates to elective unit list

Equivalent qualification

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe