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Qualification details

FNS60815 - Advanced Diploma of Integrated Risk Management (Release 3)

Summary

Usage recommendation:
Superseded
Mapping:
MappingNotesDate
Supersedes and is equivalent to FNS60811 - Advanced Diploma of Integrated Risk ManagementUpdated to meet Standards for Training Packages. FNSACC609 prerequisite unit updated 24/Mar/2015
Is superseded by FNS60820 - Advanced Diploma of Integrated Risk Management 30/Jun/2020

Releases:
ReleaseRelease date
3 (this release) 13/Feb/2018
(View details for release 2) 22/Apr/2015
(View details for release 1) 25/Mar/2015


Units of competency

CodeSort Table listing Units of Competency by the Code columnTitleSort Table listing Units of Competency by the Title columnEssentialSort Table listing Units of Competency by the Essential column
FNSINC503 - Identify situations requiring complex ethical decision makingIdentify situations requiring complex ethical decision makingElective
BSBWHS504 - Manage WHS risksManage WHS risksElective
FNSINC504 - Apply ethical frameworks and principles to make and act upon decisionsApply ethical frameworks and principles to make and act upon decisionsElective
BSBWHS609 - Advise on the application of safe design principles to control WHS risksAdvise on the application of safe design principles to control WHS risksElective
BSBWHS508 - Manage WHS hazards associated with plantManage WHS hazards associated with plantElective
BSBWHS603 - Implement WHS risk managementImplement WHS risk managementElective
FNSORG508 - Analyse and comment on management reportsAnalyse and comment on management reportsElective
BSBSUS501 - Develop workplace policy and procedures for sustainabilityDevelop workplace policy and procedures for sustainabilityElective
BSBINM501 - Manage an information or knowledge management systemManage an information or knowledge management systemElective
BSBWHS503 - Contribute to the systematic management of WHS riskContribute to the systematic management of WHS riskElective
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Classifications

SchemeCodeClassification value
ANZSCO Identifier 222112 Finance Broker 
ASCED Qualification/Course Field of Education Identifier 0999 Other Society And Culture 
Qualification/Course Level of Education Identifier 411 Advanced Diploma 
Taxonomy - Industry Sector N/A Security and Risk Management,Financial Services 
Taxonomy - Occupation N/A Financial Risk Manager 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 222112 Finance Broker 30/Jul/2015 
ASCED Qualification/Course Field of Education Identifier 0999 Other Society And Culture 30/Jul/2015 
Qualification/Course Level of Education Identifier 411 Advanced Diploma 25/Mar/2015 
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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