This qualification reflects job roles in financial markets involving duties in the areas of client advice, operational and dealing room roles. Units in this qualification can be selected to meet Australian Securities and Investments Commission (ASIC) Tier 1 status. Specific product units and pre-requisites for licensing are included in the electives.
Subjects
Packaging Rules
10 units must be achieved:
7 core units (5 plus the 2 units in core Groups A, B or C)
plus3 elective units.
the required elective units of competency can be selected from core groups A, B or C not already chosen to complete a client advisory, operational or dealing room role; the elective Groups D, E or F; or from units aligned to other Diploma qualifications in the FNS10 Financial Services Training Package
A maximum of 2 electives may be selected from units aligned to Certificate IV or Advanced Diploma qualifications in the FNS10 Financial Services Training Package
A maximum of 2 electives may be selected from units aligned to Certificate IV, Diploma or Advanced Diploma qualifications in another endorsed Training Package or accredited course.
Elective units must be relevant to the work outcome, local industry requirements and the qualification level.
Units selected from other Training Packages or accredited courses must not duplicate units selected from or available within the FNS10 Financial Services or BSB07 Business Services Training Packages.
FNSCUS505A Determine client requirements and expectations
FNSCUS506A Record and implement client instructions
Units marked '**' have the following four co-requisite unit requirements for ASIC Tier 1 accreditation:
FNSIAD501A Provide appropriate services, advice and products to clients
FNSCUS505A Determine client requirements and expectations
FNSCUS506A Record and implement client instructions
FNSINC501A Conduct product research to support recommendations
NOTE Certain elective units may be required to progress to membership of relevant professional organisations. Learners should establish such requirements where they apply in order to make appropriate choices.
Pathways...
Qualification Pathway
Preferred pathways for candidates entering this qualification include:
FNS41110 Certificate IV in Financial Markets Operations
The primary pathway from this qualification is employment in financial markets specific roles in:
client advisory services
operations
dealing rooms.
An Australian Apprenticeship pathway may be possible for this qualification depending on the State or Territory training authority declaration policy
A further learning pathway utilising qualifications such as:
FNS60710 Advanced Diploma of Financial Licensing Management
FNS60810 Advanced Diploma of Financial Risk Management
would support career progression. A further learning pathway could be study in relevant higher education programs. Learners should establish relevant qualifications and any credit arrangements that may apply in order to make appropriate elective choices in this qualification.
Entry Requirements
Not applicable.
Licensing Information
Not applicable.
Employability Skills
QUALIFICATION SUMMARY
Employability Skill
Industry/enterprise requirements for this qualification include:
Communication
determining risk profile and negotiating with client on policy/financial plan or transaction
establishing a positive working relationship with clients
identifying client's objectives, needs and financial situation
providing ongoing service to clients
writing reports and using excellent interpersonal skills
Teamwork
seeking feedback from clients on service levels
supervising work practices and distributing research findings to relevant parties for feedback
supporting staff to implement systems
Problem solving
analysing trends and risk including product modelling
applying estimating, forecasting and analysis skills
checking the accuracy of calculations
comparing products and services in order to offer clients different options
preparing and interpreting complex financial statements and performing complex financial calculations
researching using methods of analysis, testing, assessing and evaluating data and information
surveying potential risk exposure
Initiative and enterprise
applying analytical skills to interpret complex financial statements
applying referral skills
exploring risk issues and tolerance levels with clients
identifying risk changes
monitoring context of product market developments and industry trends
monitoring the business environment to ensure clients' needs are still being met
proactively anticipating customer requirements and recommending products
Planning and organising
contributing to the planning process by researching and validating information
developing and maintaining systems, records and reporting procedures
ensuring the integrity of systems, records and reporting procedures are maintained
implementing internal monitoring/audit program to ensure ongoing compliance
Self-management
acting as a role model for others
defining and understanding own work role
managing own time and priorities and dealing with contingencies
working ethically and complying with all industry codes of practice and legislative requirements
Learning
adapting to change in technology and/or work practices
applying learning to develop improved practices
coaching and mentoring others to acquire new knowledge and skills
contributing to the learning of others through implementing team building exercises
defining own work role and working within level of responsibility
developing and maintaining personal competence
developing and maintaining professional competence
identifying opportunities for professional development
making referrals to specialists as required
Technology
conducting web searches and using corporate templates
operating computers and using word processing, spreadsheet and database skills to produce workplace documentation
using business technology to access, organise and monitor information
using research data devices and telecommunication devices and equipment