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 Qualification first released with FNS Financial Services Training Package version 1.1. Release 2 created to correct typographical errors. |
|
Release 1 |
This Qualification first released with FNS Financial Services Training Package version 1.0. |
Qualification Description
This qualification is designed for individuals occupying the position of responsible manager in a financial services organisation. 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 and for team outcomes.
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 = 10
5 core units plus
5 elective units
The elective units consist of:
- up to 5 from the electives below
- up to 3 may be from a 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
BSBCOM603 Plan and establish compliance management systems
BSBMGT605 Provide leadership across the organisation
FNSFMK505 Comply with financial services legislation and industry codes of practice
FNSPRM601 Establish, supervise and monitor practice systems to conform with legislation and regulations
FNSPRM606 Establish or review human resources, administration and information support
Elective Units
Group A
Financial risk management
FNSRSK501 Undertake risk identification
FNSRSK502 Assess risks
FNSRSK601 Develop and implement risk mitigation plan
FNSRSK602 Determine and manage risk exposure strategies
Group B
Financial markets
FNSFMK510 Prepare trading strategies for clients
FNSFMK601 Price financial transactions
FNSFMK602 Hedge financial products
Group C
ASIC units
FNSASICS503* Provide advice in foreign exchange
FNSASICV503* Provide advice in derivatives
FNSASICW503* Provide advice in securities
Group D
General financial services units
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
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
*Note the following prerequisite unit requirements:
|
Unit in this qualification |
Prerequisite unit |
|
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 |
|
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 |
|
FNS60715 Advanced Diploma of Financial Licensing Management (Release 4) |
FNS60715 Advanced Diploma of Financial Licensing Management (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
