Modification History
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Release |
Comments |
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Release 2 |
This version first released with the FNS Financial Services Training Package Version 8.1. Addition of BSBAUD412 Work within compliance frameworks to Managing compliance electives. Removed the following units from Managing compliance electives.
Minor formatting error corrected. |
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Release 1 |
This version first released with the FNS Financial Services Training Package Version 8.0. Supersedes and is equivalent to FNS60820 Advanced Diploma of Integrated Risk Management. |
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, legislative, regulatory or certification considerations
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:
- at least 2 must be from the elective units listed below
- up to 2 may be from the remaining listed elective units or any currently endorsed Diploma or above training package qualification or accredited course.
Elective units must be relevant to the work environment and the qualification, maintain the overall integrity of the AQF alignment, not duplicate the outcome of another unit chosen for the qualification, and contribute to a valid industry-supported vocational outcome.
Core units
BSBAUD515 Evaluate and review compliance
BSBAUD601 Establish and manage compliance management systems
BSBOPS504 Manage business 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
Business ethics and conduct
FNSINC513 Identify and apply complex ethical decision making to workplace situations
FNSINC514 Apply ethical frameworks and principles to make and act upon decisions
Corporate governance
FNSACC606 Conduct internal audit*
FNSACC634 Monitor corporate governance activities
FNSFMK515 Comply with financial services regulation and industry codes of practice
FNSPRM611 Monitor and review organisational system compliance with legislation and regulations
Managing compliance
BSBAUD412 Work within compliance frameworks
BSBAUD514 Interpret compliance requirements
BSBAUD516 Develop and monitor processes for the management of breaches in compliance requirements
BSBESB402 Establish legal and risk management requirements of new business ventures
BSBINS402 Coordinate workplace information systems
BSBINS501 Implement information and knowledge management systems
BSBLDR413 Lead effective workplace relationships
BSBPMG422 Apply project quality management techniques
BSBPMG426 Apply project risk management techniques
BSBWHS504 Manage WHS risks
BSBWHS603 Implement WHS risk management
FNSACC526 Implement and maintain internal control procedures
FNSORG508 Analyse and comment on management reports
FNSORG613 Establish and implement operational guidelines in financial services organisations
FNSRSK411 Apply risk management strategies to own work
Managing financial risk
BSBOPS502 Manage business operational plans
FNSACC521 Provide financial and business performance information
FNSACC609 Evaluate financial risk*
FNSINC411 Conduct work according to professional practices in the financial services industry
FNSORG514 Develop, 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
Strategic risk management and business continuity
BSBLDR601 Lead and manage organisational change
BSBLDR602 Provide leadership across the organisation
BSBOPS601 Develop and implement business plans
BSBPMG536 Manage project risk
BSBSTR602 Develop organisational strategies
BSBSUS511 Develop workplace policies and procedures for sustainability
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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FNSACC606 Conduct internal audit |
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FNSACC609 Evaluate financial risk |
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Qualification Mapping Information
Supersedes and is equivalent to FNS60820 Advanced Diploma of Integrated Risk Management.
Links
Companion Volume Implementation Guide is found on VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe
