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Qualification details

FNS51515 - Diploma of Credit Management (Release 3)

Summary

Usage recommendation:
Superseded
Mapping:
MappingNotesDate
Supersedes and is equivalent to FNS51511 - Diploma of Credit ManagementUpdated to meet Standards for Training Packages. 24/Mar/2015
Is superseded by FNS51520 - Diploma of Credit Management 30/Jun/2020

Release Status:
Current
Releases:
ReleaseRelease date
3 (this release) 13/Feb/2018
(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
BSBSMB407 - Manage a small teamManage a small teamElective
FNSORG507 - Manage client service and business informationManage client service and business informationElective
BSBWOR501 - Manage personal work priorities and professional developmentManage personal work priorities and professional developmentElective
BSBCUS501 - Manage quality customer serviceManage quality customer serviceElective
BSBRSK501 - Manage riskManage riskCore
FNSCRD501 - Respond to personal insolvency situationsRespond to personal insolvency situationsCore
FNSCRD503 - Promote understanding of the role and effective use of consumer creditPromote understanding of the role and effective use of consumer creditElective
BSBINN601 - Lead and manage organisational changeLead and manage organisational changeElective
BSBMGT617 - Develop and implement a business planDevelop and implement a business planElective
FNSCUS505 - Determine client requirements and expectationsDetermine client requirements and expectationsElective
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Classifications

SchemeCodeClassification value
ANZSCO Identifier 552211 Credit and Loans Officer (Aus) / Finance Clerk (NZ)  
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 
Taxonomy - Occupation N/A Credit Manager 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 552211 Credit and Loans Officer (Aus) / Finance Clerk (NZ)  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 3

This version released with FNS Financial Services Training Package version 3.0

Release 3 created to update elective unit list

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 a range of financial services and other industry enterprises requiring well-developed skills and a broad knowledge base of the credit management sector. Individuals in these roles have autonomy in performing technical operations, apply solutions to a range of often complex problems, and 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 = 12 

7 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  

BSBRSK501 Manage risk

FNSCRD501 Respond to personal insolvency situations

FNSCRD504 Manage the credit relationship

FNSCRD505* Respond to corporate insolvency situations

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

FNSORG401 Conduct individual work within a compliance framework

FNSORG502 Develop and monitor policy and procedures

Elective Units 

BSBCOM402 Implement processes for the management of a breach in compliance

BSBCNV506 Establish and manage a trust account

BSBCUS501 Manage quality customer service

BSBINN601 Lead and manage organisational change

BSBMGT502 Manage people performance

BSBMGT605 Provide leadership across the organisation

BSBMGT617 Develop and implement a business plan

BSBSMB407 Manage a small team

BSBSUS501 Develop workplace policy and procedures for sustainability

BSBWOR501 Manage personal work priorities and professional development

FNSCRD404 Utilise the legal process to recover outstanding debt

FNSCRD405 Manage overdue customer accounts

FNSCRD502 Manage factoring and invoice discounting arrangements

FNSCRD503 Promote understanding of the role and effective use of consumer credit

FNSCUS504 Manage premium customer relationships

FNSCUS505 Determine client requirements and expectations

FNSINC503 Identify situations requiring complex ethical decision making

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

FNSORG507 Manage client service and business information

FNSORG604 Establish outsourced services and monitor performance

FNSRSK601 Develop and implement risk mitigation plan

*Note the following prerequisite unit requirements:

Unit in this qualification

Prerequisite unit

FNSCRD505 Respond to corporate insolvency situations

FNSCRD501 Respond to personal insolvency situations

Qualification Mapping Information

Code and title  

current version 

Code and title 

previous version 

Comments 

Equivalence status 

FNS51515 Diploma of Credit Management (Release 3)

FNS51515 Diploma of Credit Management (Release 2)

Updates to unit elective 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