Modification History
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Release |
Comments |
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Release 1 |
This version first released with FNS Financial Services Training Package Version 4.0. |
Qualification Description
This qualification reflects the role of individuals who undertake specialist risk management roles in financial services organisations. These roles include cross-industry tasks and responsibilities relating to finance, compliance, corporate governance, strategy and business continuity.
Individuals in these roles have autonomy in performing technical operations, apply solutions to a range of often complex problems, and research, analyse and evaluate information from a variety of sources. They apply initiative to plan, demonstrate customer advocacy, have business empathy, coordinate and evaluate their own work, challenge and facilitate risk conversations, demonstrate resilience and provide guidance to others.
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 regulator for guidance on requirements.
Entry Requirements
Nil
Packaging Rules
Total number of units = 12
8 core units plus
4 elective units of which:
- 2 must be selected from the electives listed below,
- 2 units may be selected from the remaining listed electives or any currently endorsed training package qualification or accredited course at Diploma or above.
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
BSBCOM602 Develop and create compliance requirements
BSBCOM603 Plan and establish compliance management systems
BSBRSK501 Manage risk
FNSORG512 Develop, implement and monitor policy and procedures
FNSRSK511 Undertake risk identification
FNSRSK512 Assess risks
FNSRSK611 Develop and implement risk mitigation plan
FNSRSK612 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
FNSINC411 Conduct work according to professional practices in the financial services industry
FNSORG514 Monitor and supervise work practices to meet financial services regulatory requirements
FNSORG515 Prepare financial reports to meet statutory requirements
FNSORG602 Develop and manage financial systems
Corporate governance
FNSACC606 Conduct internal audit
FNSACC624 Monitor corporate governance activities
FNSFMK515 Comply with financial services regulation and industry codes of practice
FNSPRM601 Establish, supervise and monitor practice systems to conform with legislation and regulations
Business ethics and conduct
FNSINC503 Identify situations requiring complex ethical decision making
FNSINC504 Apply ethical frameworks and principles to make and act upon decisions
Managing compliance
BSBCOM401 Organise and monitor the operation of compliance management system
BSBCOM402 Implement processes for the management of a breach in compliance requirements
BSBCOM501 Identify and interpret compliance requirements
BSBCOM503 Develop processes for the management of breaches in compliance requirements
BSBINM401 Implement workplace information system
BSBINM501 Manage an information or knowledge management system
BSBLDR402 Lead effective workplace relationships
BSBPMG411 Apply project quality management techniques
BSBPMG415 Apply project risk management techniques
BSBRSK401 Identify risk and apply risk management processes
BSBSMB401 Establish legal and risk management requirements of small business
BSBWHS504 Manage WHS risks
BSBWHS603 Implement WHS risk management
FNSACC516 Implement and maintain internal control procedures
FNSORG508 Analyse and comment on management reports
FNSORG603 Establish and prepare operational guidelines in a financial services organisation
Strategic risk management and business continuity
BSBINN601 Lead and manage organisational change
BSBSUS501 Develop workplace policy and procedures for sustainability
BSBMGT605 Provide leadership across the organisation
BSBMGT615 Contribute to organisation development
BSBMGT616 Develop and implement strategic plans
BSBMGT617 Develop and implement a business plan
BSBPMG517 Manage project risk
BSBWHS520 Manage implementation of emergency procedures
FNSORG601 Negotiate to achieve goals and manage disputes
*Note the following prerequisite unit requirements:
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Unit in this qualification |
Prerequisite unit |
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FNSACC609 Evaluate financial risk |
FNSACC511 Provide financial and business performance information |
Qualification Mapping Information
No equivalent qualification. Supersedes and is not equivalent to FNS60815 Advanced Diploma of Integrated Risk Management (Release 3).
Links
Companion Volume Implementation Guide is found on VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe
