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 correct typographical error |
|
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 is designed to provide a general purpose pathway into the financial services industries. It is also intended to provide an effective development option for those candidates for whom the specialist qualification pathways in the Financial Services Training Package are not yet appropriate. Individuals in these roles 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 or teams within defined guidelines.
Licensing/Regulatory Information
No licensing or certification requirements apply to this qualification at the time of publication. However, some units will specify relevant licensing, legislative and/or regulatory requirements that impact on the unit. Refer to the FNS Implementation Guide Companion Volume for guidance on requirements.
Entry Requirements
Nil.
Packaging Rules
Total number of units = 10
1 core units plus
9 elective units
The elective units consist of:
- 7 from the electives below or any Diploma qualification in the FNS Financial Services Training Package (5 units must have FNS code).
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 qualification 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.
Note: Where the packaging of this qualification meets the rules of a specialist qualification at this level, then the specialist qualification and not the generic qualification must be awarded. This includes where applicable, any entry requirements.
Core Units
FNSINC401 Apply principles of professional practice to work in the financial services industry
Elective Units
Group A
Financial services
FNSBNK501 Manage banking and service strategy for small business customers
FNSBNK502 Manage services in a Business Transaction Centre
FNSBNK503 Provide business advisory services within a financial services context
FNSCRD503 Promote understanding of the role and effective use of consumer credit
FNSCRD504 Manage the credit relationship
FNSCRD505 Respond to corporate insolvency situations
FNSCUS502 Monitor client requirements
FNSCUS503 Review business performance
FNSCUS504 Manage premium customer relationships
FNSCUS505 Determine client requirements and expectations
FNSCUS506 Record and implement client instructions
FNSFLT501 Assist customers to budget and manage own finances
FNSFLT502 Facilitate customer awareness of the Australian financial system and markets
FNSFLT503 Promote basic financial literacy skills
FNSFLT504 Facilitate customer understanding of personal financial statements
FNSFLT505 Facilitate customer or employee understanding of superannuation as an investment tool
FNSFMK501 Analyse financial markets and information
FNSFMK505 Comply with financial services legislation and industry codes of practice
FNSFMK509 Process transaction documentation
FNSFMK510 Prepare trading strategies for clients
FNSIAD501 Provide appropriate services, advice and products to clients
FNSIAD502 Provide appropriate and timely information and advice to clients
FNSINC402 Develop and maintain in-depth knowledge of products and services used by an organisation or sector
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
FNSORG501 Develop and manage a budget
FNSORG502 Develop and monitor policy and procedures
FNSORG503 Develop a resource plan
FNSORG504 Monitor and supervise work practices to meet financial services regulatory requirements
FNSORG505 Prepare financial reports to meet statutory requirements
FNSORG506 Prepare financial forecasts and projections
FNSORG507 Manage client service and business information
FNSORG508 Analyse and comment on management reports
FNSRSK501 Undertake risk identification
FNSRSK502 Assess risks
FNSRSK601 Develop and implement risk mitigation plan
FNSSAM501 Apply advanced selling techniques to selling of financial products and services
FNSSAM502 Assess market needs
FNSSAM503 Monitor market opportunities
Group B
Imported units
BSBCNV501 Take instructions in relation to a transaction
BSBCNV502 Read and interpret a legal document and provide advice
BSBCNV503 Analyse and interpret legal requirements for a transaction
BSBCOM501 Identify and interpret compliance requirements
BSBCOM503 Develop processes for the management of breaches in compliance requirements
BSBCUS501 Manage a quality customer service
BSBHRM506 Manage recruitment selection and induction processes
BSBINN502 Build and sustain an innovative work environment
BSBLEG513 Apply legal principles in corporations law matters
BSBMKG501 Identify and evaluate marketing opportunities
BSBMGT502 Manage people performance
BSBMGT516 Facilitate continuous improvement
BSBMGT517 Manage operational plan
BSBSLS502 Lead and manage a sales team
BSBPMG521 Manage project integration
BSBPMG517 Manage project risk
BSBPMG522 Undertake project work
BSBSUS501 Develop workplace policy and procedures for sustainability
BSBWHS507 Contribute to managing WHS information systems
BSBWHS503 Contribute to the systematic management of WHS risk
BSBWHS504 Manage WHS risks
BSBWOR501 Manage personal work priorities and professional development
Qualification Mapping Information
|
Code and title current version |
Code and title previous version |
Comments |
Equivalence status |
|
FNS51815 Diploma of Financial Services (Release 4) |
FNS51815 Diploma of Financial Services (Release 3) |
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
