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 provides cross-industry competencies for experienced risk managers and covers risk management activities undertaken by senior personnel to develop innovative strategies for dealing with complex risk management issues.
At this level individuals are expected to apply specialist skills and knowledge in a range of situations to manage complex operational and strategic risk 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
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 = 12
4 core units plus
8 elective units
The elective units consist of:
- 6 from the electives below.
Of the remaining 2 units:
- up to 2 may be from the electives
- up to 2 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
BSBCOM602 Develop and create compliance requirements
BSBCOM603 Plan and establish compliance management systems
FNSRSK601 Develop and implement risk mitigation plan
FNSRSK602 Determine and manage risk exposure strategies
Elective Units
Managing financial risk
BSBMGT517 Manage operational plan
FNSACC511 Provide financial and business performance information
FNSACC609* Evaluate financial risk
FNSORG505 Prepare financial reports to meet statutory requirements
FNSORG602 Develop and manage financial systems
Corporate governance
FNSACC606 Conduct internal audit
FNSACC624 Monitor corporate governance activities
FNSFMK505 Comply with financial services legislation and industry codes of practice
FNSPRM601 Establish, supervise and monitor practice systems to conform with legislation and regulations
Managing compliance
BSBCOM501 Identify and interpret compliance requirements
BSBCOM503 Develop processes for the management of breaches in compliance requirements
BSBINM501 Manage an information or knowledge management system
BSBWHS507 Contribute to managing WHS information systems
BSBWHS503 Contribute to the systematic management of WHS risk
BSBWHS504 Manage WHS risks
BSBWHS508 Manage WHS hazards associated with plant
BSBWHS603 Implement WHS risk management
BSBWHS604 Evaluate the WHS performance of organisations
BSBWHS605 Develop, implement and maintain WHS management systems
BSBWHS606 Conduct a WHS audit
BSBWHS607 Apply ergonomics to manage WHS risks
BSBWHS608 Assist with applying occupational hygiene to manage WHS risks
BSBWHS609 Advise on the application of safe design principles to control WHS risks
FNSACC516 Implement and maintain internal control procedures
FNSINC503 Identify situations requiring complex ethical decision making
FNSINC504 Apply ethical frameworks and principles to make and act upon decisions
FNSORG508 Analyse and comment on management reports
FNSORG603 Establish and prepare operational guidelines in a financial services organisation
Strategic risk management and business continuity
BSBMGT605 Provide leadership across the organisation
BSBMGT615 Contribute to organisation development
BSBMGT616 Develop and implement strategic plans
BSBMGT617 Develop and implement a business plan
BSBWHS510 Contribute to implementing emergency procedures
BSBPMG517 Manage project risk
BSBSUS501 Develop workplace policy and procedures for sustainability
FNSORG601 Negotiate to achieve goals and manage disputes
*Note the following prerequisite unit requirements:
|
Unit in this qualification |
Prerequisite unit |
|
FNSACC609 Evaluate financial risk |
FNSACC511 Provide financial and business performance information |
Qualification Mapping Information
|
Code and title current version |
Code and title previous version |
Comments |
Equivalence status |
|
FNS60815 Advanced Diploma of Integrated Risk Management (Release 3) |
FNS60815 Advanced Diploma of Integrated Risk Management (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
