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Qualification details

FNS60620 - Advanced Diploma of Banking Services Management (Release 2)

Summary

Usage recommendation:
Superseded
Mapping:
MappingNotesDate
Supersedes FNS60615 - Advanced Diploma of Banking Services ManagementSupersedes and is not equivalent to FNS60615 Advanced Diploma of Banking Services Management. 30/Jun/2020
Is superseded by and equivalent to FNS60622 - Advanced Diploma of Banking Services ManagementSupersedes and is equivalent to FNS60620 Advanced Diploma of Banking Services Management. 14/Jun/2022

Releases:
ReleaseRelease date
2 (this release) 27/Jan/2022
(View details for release 1) 01/Jul/2020


Units of competency

CodeSort Table listing Units of Competency by the Code columnTitleSort Table listing Units of Competency by the Title columnUsage RecommendationSort Table listing Units of Competency by the Usage Recommendation columnEssentialSort Table listing Units of Competency by the Essential column
BSBMGT616 - Develop and implement strategic plansDevelop and implement strategic plansSupersededElective
FNSORG501 - Develop and manage a budgetDevelop and manage a budgetCurrentElective
FNSSAM604 - Establish agreements with intermediaries for product distributionEstablish agreements with intermediaries for product distributionSupersededElective
BSBCOM602 - Develop and create compliance requirementsDevelop and create compliance requirementsSupersededElective
BSBINN601 - Lead and manage organisational changeLead and manage organisational changeSupersededElective
FNSORG602 - Develop and manage financial systemsDevelop and manage financial systemsCurrentElective
FNSSAM603 - Tailor financial products to meet customer needsTailor financial products to meet customer needsSupersededElective
BSBCOM603 - Plan and establish compliance management systemsPlan and establish compliance management systemsSupersededElective
FNSINC503 - Identify situations requiring complex ethical decision makingIdentify situations requiring complex ethical decision makingSupersededElective
FNSINC504 - Apply ethical frameworks and principles to make and act upon decisionsApply ethical frameworks and principles to make and act upon decisionsSupersededElective
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Classifications

SchemeCodeClassification value
ANZSCO Identifier 149914 Financial Institution Branch Manager 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 
Qualification/Course Level of Education Identifier 411 Advanced Diploma 
Taxonomy - Industry Sector N/A Financial Services 
Taxonomy - Occupation N/A Regional Executive (Banking) 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 149914 Financial Institution Branch Manager 13/Aug/2020 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 13/Aug/2020 
Qualification/Course Level of Education Identifier 411 Advanced Diploma 01/Jul/2020 
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Modification History

Release 

Comments 

Release 2

This version first released with FNS Financial Services Training Package Version 7.0.

Errors corrected in:

  • wording of packaging rules relating to choice of elective units
  • title of one listed elective unit (FNSRKS611).

Release 1

This version first released with FNS Financial Services Training Package Version 4.0.

Qualification Description

This qualification is designed to flexibly reflect senior management and service job roles with team and business result responsibilities in banking or other deposit taking institutions, customer contact centres or retail financial services environments. At this level individuals are expected to apply specialist skills and knowledge in a range of situations to deal with complex 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

Work functions in the occupational areas where this qualification is used may be subject to regulatory requirements. Refer to the relevant regulator for specific guidance on requirements.

Entry Requirements

Nil

Packaging Rules

Total number of units = 14 

8 core units  plus

6 elective units , of which:

  • at least 4 must be from the elective units listed below
  • the remaining units may be from this qualification or from 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 

BSBCUS501 Manage quality customer service

BSBMGT502 Manage people performance

BSBMGT605 Provide leadership across the organisation

BSBMGT608 Manage innovation and continuous improvement

BSBSMB409 Build and maintain relationships with small business stakeholders

FNSINC411 Conduct work according to professional practices in the financial services industry

FNSSAM601 Monitor performance in sales of financial products or services

FNSSAM602 Identify and evaluate marketing opportunities in the financial services industry

Elective units 

BSBCOM602 Develop and create compliance requirements

BSBCOM603 Plan and establish compliance management systems

BSBCUE504 Integrate customer engagement within the organisation

BSBINN601 Lead and manage organisational change

BSBLDR803 Develop and cultivate collaborative partnerships and relationships

BSBMGT616 Develop and implement strategic plans

BSBSUS501 Develop workplace policy and procedures for sustainability

FNSINC503 Identify situations requiring complex ethical decision making

FNSINC504 Apply ethical frameworks and principles to make and act upon decisions

FNSORG501 Develop and manage a budget

FNSORG602 Develop and manage financial systems

FNSPRM605 Establish or review marketing, client services and supplier relationships

FNSPRM606 Establish or review human resources, administration and information support

FNSRSK611 Develop and implement risk mitigation plan

FNSSAM603 Tailor financial products to meet customer needs

FNSSAM604 Establish agreements with intermediaries for product distribution

Qualification Mapping Information

No equivalent qualification. Supersedes and is not equivalent to FNS60615 Advanced Diploma of Banking Services Management.

Links

Companion Volume Implementation Guide is found on VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe