Modification History
|
Release |
Comments |
|
Release 2 |
This version first released with FNS Financial Services Training Package Version 6.1. The following elective units of competency have been deleted as directed by the AISC:
The above training products were identified as having zero enrolments over a three year period. |
|
Release 1 |
This version first released with FNS Financial Services Training Package Version 4.0. |
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 is used may be subject to regulatory requirements. Refer to 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 of which:
- 3 units must be selected from the electives listed below,
- up to 2 units may be selected from the electives listed below, or from a Diploma or Advanced Diploma in any currently endorsed training package or accredited course.
Elective units must be relevant to the work environment and the qualification, maintain the overall integrity of the AQF alignment and contribute to a valid vocational outcome.
Core Units
FNSINC503 Identify situations requiring complex ethical decision making
FNSINC504 Apply ethical frameworks and principles to make and act upon decisions
FNSFMK516 Review and confirm human resources and IT systems satisfy requirements of licence
FNSFMK523 Comply with requirements of licence and regulatory framework
FNSFMK619 Develop and implement policies and procedures to support organisational values and culture
Elective Units
Group A
Financial risk management
FNSRSK511 Undertake risk identification
FNSRSK512 Assess risks
FNSRSK611 Develop and implement risk mitigation plan
FNSRSK612 Determine and manage risk exposure strategies
Group B
Financial markets
FNSFMK520 Develop and monitor risk management strategies for clients
FNSFMK521 Analyse financial markets and information
FNSFMK611 Price financial transactions
FNSFMK612 Manage trading exposures
FNSFMK513 Undertake assessment of product and advice suitability for non-retail clients
Group C
Client advisory roles
FNSASICS503* Provide advice in foreign exchange
FNSASICV503* Provide advice in derivatives
FNSASICW503* Provide advice in securities
FNSASICT503* Provide advice in managed investments
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
FNSFMK515 Comply with financial services legislation and industry codes of practice
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
*Note the following prerequisite unit requirements:
|
Unit in this qualification |
Prerequisite unit |
|
FNSASICS503 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 |
|
FNSASICT503 Provide advice in managed investments |
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 |
**FNSFMK521 Analyse financial markets and information is the updated and equivalent version of FNSFMK501 Analyse financial markets information.
Qualification Mapping Information
No equivalent qualification. Supersedes and is not equivalent to FNS60715 Advanced Diploma of Financial Licensing Management.
Links
Companion Volume Implementation Guide is found on VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe
