Release 

Comments 

Release 1

This version first released with FNS Financial Services Training Package Version 1.0.

ELEMENT 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Contribute to identification of business opportunities

1.1 Foster business relationships with community members and business developers over time

1.2 Identify attributes, and service needs and wants of business clients as basis for tailoring communications and services

1.3 Provide support and advice to potential business operator or client in evaluating potential business opportunities and in identifying market potential of business opportunity

1.4 Provide support and advice to potential business operator or client in identifying financial, infrastructure and human resources required to realise business opportunity

2. Provide advice about development of business plans and financing proposals

2.1 Explain requirements and structure of business plan to client

2.2 Provide advice regarding development of comprehensive business plan and its implementation

2.3 Provide advice regarding development of proposal for financing of business initiative which meets guidelines and requirements of organisation

2.4 Provide advice about benefits of accessing other relevant business professionals to ensure business venture has appropriate structure and is compliant with relevant legislation

3. Provide high level and tailored business banking solutions and service

3.1 Analyse potential or current usage patterns of business and identify effective service and product options

3.2 Ascertain and evaluate business banking needs to identify products to manage business cash flow, and negotiate rates

3.3 Identify, model and sell products to support range of business needs including financial transactions, borrowing and leasing needs

3.4 Identify and implement banking services that assist with efficient management and statutory reporting of business

3.5 Coordinate service delivery to business client by other departments or units across organisation

Skill 

Performance  Criteria 

Description 

Reading

1.2, 3.1

• Analyses complex textual information from a range of sources and relates specific aspects of information to requirements

Writing

1.1, 1.3, 1.4, 2.1-2.4

• Develops material for a specific audience using formats appropriate to the purpose
• Uses clear and concise language, incorporating correct grammar and spelling, to convey accurate customised information and recommendations

Oral Communication

1.1, 1.3, 1.4, 2.1-2.4

• Articulates clearly using language appropriate to the audience and adapts tone and pace to engage and present information to others
• Uses collaborative and inclusive techniques, including active listening and questioning techniques, to elicit and convey information to a range of personnel

Numeracy

1.3, 1.4, 2.2, 2.3, 3.2, 3.3

• Calculates, compares and analyses a range of numerical and financial data to determine trends and produce models using appropriate tools

Navigate the world of work

2.3, 2.4, 3.4

• Takes full responsibility for following policies, procedures and legislative requirements relevant to own role

Interact with others

1.1, 1.3, 2.1-2.4

• Recognises the importance of building rapport to establish and maintain effective working relationships with colleagues and external individuals and organisations
• Uses sophisticated interpersonal communication techniques and strategies to instil confidence in advice and ideas

Get the work done

1.1-1.4, 2.1-2.4, 3.1-3.5

• Accepts responsibility for managing, planning and sequencing complex tasks and workloads of self and others, negotiating key aspects with others and taking into account capabilities, efficiencies and effectiveness
• Applies systematic and analytical decision-making processes for complex and non-routine situations
• Identifies issues that have the potential to impact on the business and develops options to resolve these issues when they arise
• Develops and implements creative solutions to achieve goals and to meet client and business needs
• Monitors and reviews performance outcomes and modifies them to meet new demands and priorities, and to improve outcomes
• Uses a range of digitally based technologies and software packages, including spreadsheets, databases and the internet

Code and title  

current version 

Code and title 

previous version 

Comments 

Equivalence status 

FNSBNK503 Provide business advisory services within a financial services context

FNSBNK503A Provide business advisory services within a financial services context

Updated to meet Standards for Training Packages

Rewritten and combined performance criteria

Equivalent unit

Release 

Comments 

Release 1

This version first released with FNS Financial Services Training Package Version 1.0.