Unit of competency
Modification History
Release |
Comments |
Release 1 |
This version first released with FNS Financial Services Training Package Version 1.0. |
Application
This unit describes the skills and knowledge required to conduct analysis of financial market products to meet the specific requirements and expectations of clients.
It applies to individuals who use up-to-date specialised knowledge and analytical and problem-solving skills to provide customised solutions.
Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Unit Sector
Financial markets
Elements and Performance Criteria
ELEMENT |
PERFORMANCE CRITERIA |
Elements describe the essential outcomes. |
Performance criteria describe the performance needed to demonstrate achievement of the element. |
1. Conduct analysis of financial market products |
1.1 Analyse information provided on client‘s investment objectives 1.2 Identify a range of appropriate financial markets products that meet client’s objectives and investment strategy 1.3 Source and assess information relevant to the range of available financial products for currency and accuracy 1.4 Seek specialist advice if required for complex investment strategies 1.5 Apply appropriate analytical techniques and processes to identify facts, issues and patterns, interrelationships and trends 1.6 Accurately analyse trends to provide meaningful information on performance of financial products and markets 1.7 Conduct risk assessment of possible financial strategies and products identified through research and analysis processes |
2. Provide information to inform decision making |
2.1 Collate and review analyses to ensure accuracy and thoroughness, and present in an appropriate format, style and structure 2.2 Outline how financial market products meet client investment objectives and planned investment strategy 2.3 Ensure suggested products meet relevant legislative, industry and organisational requirements |
Foundation Skills
This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.
Skill |
Performance Criteria |
Description |
Reading |
1.1-1.3, 1.5-1.7, 2.1 |
|
Writing |
2.1, 2.2 |
|
Oral Communication |
1.4, 2.2 |
|
Numeracy |
1.1-1.7, 2.1, 2.2 |
|
Navigate the world of work |
2.3 |
|
Interact with others |
1.4, 2.2 |
|
Get the work done |
1.1-1.7, 2.1, 2.2 |
|
Unit Mapping Information
Code and title current version |
Code and title previous version |
Comments |
Equivalence status |
FNSFMK502 Analyse financial market products for client |
FNSFMK502A Analyse financial market products for client |
Updated to meet Standards for Training Packages Rewritten and clarified elements and performance criteria |
No equivalent unit |
Links
Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe