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
