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Qualification details

FNS51611 - Diploma of Securitisation (Release 2)

Summary

Usage recommendation:
Superseded
Mapping:
MappingNotesDate
Supersedes and is equivalent to FNS51610 - Diploma of SecuritisationUnit FNSFMK503A removed from core as not a requirement in this environment; packaging rules adjusted to reflect the unit removal - OUTCOMES EQUIVALENT 15/Jan/2012
Is superseded by and equivalent to FNS51615 - Diploma of SecuritisationUpdated to meet Standards for Training Packages 24/Mar/2015

Release Status:
Current
Releases:
ReleaseRelease date
2 (this release) 07/Mar/2012
(View details for release 1) 16/Jan/2012

Training packages that include this qualification

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
BSBINM401A - IMPLEMENT WORKPLACE INFORMATION SYSTEMIMPLEMENT WORKPLACE INFORMATION SYSTEM N/A
BSBSUS501A - Develop workplace policy and procedures for sustainabilityDevelop workplace policy and procedures for sustainability N/A
FNSACC403B - Make decisions in a legal contextMake decisions in a legal context N/A
FNSFLT502A - Facilitate customer awareness of the Australian financial system and marketsFacilitate customer awareness of the Australian financial system and markets N/A
FNSFMK501A - Analyse financial markets and informationAnalyse financial markets and information N/A
FNSFMK505A - Comply with financial services legislation and industry codes of practiceComply with financial services legislation and industry codes of practice N/A
FNSFMK601A - Price financial transactionsPrice financial transactions N/A
FNSFMK602A - Hedge financial productsHedge financial products N/A
FNSINC401A - Apply principles of professional practice to work in the financial services industryApply principles of professional practice to work in the financial services industry N/A
FNSINC402A - Develop and maintain in-depth knowledge of products and services used by an organisation or sectorDevelop and maintain in-depth knowledge of products and services used by an organisation or sector N/A
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Classifications

SchemeCodeClassification value
ANZSCO Identifier 222112 Finance Broker 
ASCO (occupation type) Identifier 3212-79 Financial Dealers And Brokers Nec 
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 Securitisation Professional 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 222112 Finance Broker 02/Oct/2012 
ASCO (occupation type) Identifier 3212-79 Financial Dealers And Brokers Nec 02/Oct/2012 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 02/Oct/2012 
Qualification/Course Level of Education Identifier 421 Diploma 16/Jan/2012 
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Modification History

Release 

Comments 

Release 2

This version released with FNS10 Financial Services Training Package version 3.0.

FNSACC403A updated to current FNSACC403B.

Release 1

This Qualification first released with FNS10 Financial Services Training Package version 2.0.

FNSFMK503A Advise clients on financial risk has been removed as not required as its focus is too retail based for this environment.

Packaging rule for this qualification have been changed to 8 core units and 4 electives.

Replaces FNS51610 Diploma of Securitisation.

Description

This qualification is designed for professionals entering the securitisation sector in specialist job roles. The Australian Securitisation Forum (ASF), an association of companies participating in the Australian securitisation industry, has delivered a specialist qualification for professionals working in the field of securitisation, The Securitisation Professionals Program. This FNS51611 Diploma of Securitisation will replace the Securitisation Professionals Program.

Pathways Information

The primary pathway from this qualification is employment in the financial services industry securitisation sector.

A further learning pathway utilising qualifications such as Advanced Diploma of Financial Licensing Management or study in relevant higher education programs would support career progression.

Licensing/Regulatory Information

Not applicable.

Entry Requirements

Not applicable.

Employability Skills Summary

The following table contains a summary of the employability skills required by industry for this qualification. The employability skills facets described here are broad industry requirements that may vary depending on qualification packaging options.

Employability Skill 

Industry/enterprise requirements for this qualification include: 

Communication

  • assisting clients to identify financial goals and priorities and assessing their current financial situation
  • developing and writing reports to specifications
  • interpreting clients’ requirements and tailoring financial plans to meet their needs
  • negotiating solutions with clients
  • questioning, listening and clarifying client’s requirements
  • using excellent customer service skills and maintaining an ongoing relationship with clients

Teamwork

  • working with colleagues in professional activities
  • maintaining professional networks
  • outsourcing tasks to internal and external specialists as required

Problem solving

  • checking the accuracy of calculations for fees and charges
  • conducting trend and risk analysis including product modelling
  • estimating, forecasting and conducting competitive comparisons
  • identifying and resolving inconsistencies in information
  • testing strategic assumptions
  • using modelling tools to test assumptions against a variety of scenarios

Initiative and enterprise

  • developing administrative processes to implement financial plans
  • identifying ongoing service options for clients and confirming these with clients
  • identifying risk and managing it
  • proactively anticipating customer requirements and recommending products
  • researching alternative options for clients’ needs

Planning and organising

  • ensuring the integrity of systems, records and reporting procedures are maintained
  • implementing financial plans according to agreed actions, time schedule and agreed priorities
  • undertaking research and developing solutions such as financial plans

Self-management

  • planning own work schedule and monitoring and evaluating own work performance
  • taking responsibility as required by work role and ensuring all organisational policies and procedures are followed
  • understanding and acting upon compliance implications
  • working ethically and complying with industry professional code of practice and legislative requirements

Learning

  • adapting to change in technology and/or work practices
  • defining own work role and working within defined responsibilities
  • developing and maintaining personal competence
  • following workplace safety procedures
  • identifying opportunities for professional development
  • maintaining currency of knowledge of financial products and services
  • seeking expert advice as required

Technology

  • conducting web searches, using corporate templates and financial planning software
  • operating computers and using word processing, spreadsheet and database skills to produce workplace documentation
  • using business technology to access, organise and monitor information
  • using research data devices and telecommunication devices and equipment

Packaging Rules

12 units  must be achieved:

8 core units 

plus 4 elective units 

2 elective units  must be selected from the elective list below.

The remaining 2 elective units  may be selected from the elective units listed below, any endorsed Training Package or accredited course. Elective units may be selected from a Certificate IV, Diploma or Advanced Diploma qualification.

Elective units must be relevant to the work outcome, local industry requirements and the qualification level.

Core units of competency: 

FNSFMK501A Analyse financial markets and information

FNSFMK505A Comply with financial services legislation and industry codes of practice

FNSFMK601A Price financial transactions

FNSINC401A Apply principles of professional practice to work in the financial services industry

FNSINC402A Develop and maintain in-depth knowledge of products and services used by an organisation or sector

FNSINC501A Conduct product research to support recommendations

FNSRSK501A Undertake risk identification

FNSSAM603A Tailor financial products to meet customer needs

Elective units of competency: 

FNSACC403B Make decisions in a legal context

FNSFLT502A Facilitate customer awareness of the Australian financial system and markets

FNSFMK602A Hedge financial products

FNSINC601A Apply economic principles to work in the financial services industry

FNSSAM502A Assess market needs

BSBINM401A Implement workplace information system

BSBSUS501A Develop workplace policy and procedures for sustainability