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 is for those undertaking senior client management and/or business operational management job roles within an insurance broking business. At this level individuals are expected to apply specialist skills and knowledge in a range of situations to deal with complex situations and issues. They work across a broad range of technical or management functions with accountability for personal outputs, team outcomes. and business performance
Licensing/Regulatory Information
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. The qualification can meet Australian Securities and Investments Commission (ASIC) requirements for licensees and responsible managers in life or general broking organisations. 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 = 10
4 core units plus
6 elective units
The elective units consist of:
- 1 must be from Group A..
Of the remaining 5 units:
- 5 may be from Group A and B below
- 1 may be from an Advanced Diploma in the Financial Services Training Package or any currently endorsed training package or accredited course.
The elective units chosen must be relevant to the work outcome and meet local industry needs.
Units selected from other training packages or accredited courses must not duplicate units selected from or available within the Financial Services or Business Services Training Packages.
Core Units
FNSIBK601 Develop guidelines for broking services
FNSIBK602 Manage broking service support systems
FNSIBK604 Manage a sales plan for insurance broking services
FNSIBK607 Lead ethical work practices in an insurance brokerage
Elective Units
GROUP A
FNSIBK603 Manage contractual, legislative and code of practice obligations and requirements
FNSIBK606 Manage compliance requirements for an insurance broking business
FNSIBK608 Establish and maintain strategic networks and collaborative relationships
GROUP B
Business planning
BSBMGT616 Develop and implement strategic plans
BSBMGT617 Develop and implement a business plan
Client management
FNSCUS601 Establish, manage and monitor key relationships
FNSSAM603 Tailor financial products to meet customer needs
Leadership
BSBLED503 Maintain and enhance professional practice
BSBMGT605 Provide leadership across the organisation
Marketing
FNSCUS504 Manage premium customer relationships
FNSPRM603 Grow the practice
FNSSAM502 Assess market needs
FNSSAM602 Identify and evaluate marketing opportunities in the financial services industry
Operational management
BSBINM601 Manage knowledge and information
BSBMGT517 Manage operational plan
FNSORG602 Develop and manage financial systems
FNSORG604 Establish outsourced services and monitor performance
FNSPRM602 Improve the practice
FNSPRM605 Establish or review marketing, client services and supplier relationships
FNSRSK601 Develop and implement risk mitigation plan
FNSRSK602 Determine and manage risk exposure strategies
FNSSAM604 Establish agreements with intermediaries for product distribution
Business ethics and conduct
FNSINC503 Identify situations requiring complex ethical decision making
FNSINC504 Apply ethical frameworks and principles to make and act upon decisions
NOTE Certain elective units may be required to progress to membership of relevant professional organisations. Learners should establish such requirements where they apply in order to make appropriate choices.
Qualification Mapping Information
|
Code and title current version |
Code and title previous version |
Comments |
Equivalence status |
|
FNS60115 Advanced Diploma of Insurance Broking (Release 3) |
FNS60115 Advanced Diploma of Insurance Broking (Release 2) |
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
