FNSSUP506
Supervise and monitor operational guidelines in a superannuation organisation


Application

This unit describes the skills and knowledge required to identify the organisation’s operational guidelines and practices, supervise their implementation, distribute information on operational guidelines to staff, and monitor operational procedures and guidelines in an area or department within the organisation.

It applies to individuals who use specialised knowledge within the superannuation area, provide leadership to others and have responsibility for the supervision of work.

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.


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. Identify organisation’s operational guidelines and practices

1.1 Review organisation’s operational guidelines and procedures, and identify links to industry codes of practice and ethical standards

1.2 Identify operational procedures and practices that address compliance requirements

1.3 Interpret and clarify performance measures and operational outcomes

2. Supervise implementation of operational guidelines

2.1 Identify key positions, personnel, job descriptions and authorities

2.2 Measure and assess performance of staff, systems and resources in systematic way

2.3 Arrange support to ensure operational guidelines are being implemented

2.4 Regularly assess conformance of staff, systems and resources with operational guidelines

2.5 Periodically review operational guidelines for effectiveness

2.6 Identify and implement improvements to operational guidelines according to organisational requirements

3. Distribute information on operational guidelines to staff

3.1 Distribute operational guidelines to all relevant staff

3.2 Distribute updates and amendments as required

3.3 Receive feedback and interpretation requests, and respond according to organisational guidelines

3.4 Provide briefings for new staff on guidelines as part of induction procedures

3.5 Communicate sections of guidelines relevant to clients, including client rights, performance standards and complaint procedures, to clients and display where appropriate

4. Monitor operational procedures and guidelines

4.1 Monitor client service to ensure operational guidelines are being implemented effectively and service standards are being met

4.2 Periodically assess performance of staff, systems and resources against organisational guidelines and objectives

4.3 Manage documentation on supervision and monitoring of operational guidelines

4.4 Regularly monitor implementation of operational guidelines for compliance with relevant legislation and codes of practice

4.5 Identify breaches of guidelines and counsel staff where required

Evidence of Performance

Evidence of the ability to:

monitor operational procedures and guidelines against organisational objectives, and relevant legislation and codes of practice

brief staff about operational guidelines and counsel when breaches are identified

identify and address factors which may affect performance of staff, systems and/or resources

evaluate staff conformance against fund requirements and operational guidelines, and make recommendations as required

implement and monitor performance measurement systems.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.


Evidence of Knowledge

To complete the unit requirements safely and effectively, the individual must:

describe the key features of the organisation’s operational guidelines relating to management of superannuation, including service standards and performance measures

identify and outline organisational systems and resource requirements

describe the key features of relevant industry Acts, regulations and codes of practice

outline the key aspects of the following organisational requirements:

administrative processes and systems

marketing and advertising processes

documentation systems, including registry and library processes

human resource procedures

identify and describe office information technology systems, and support resources and mechanisms

explain the obligations of privacy legislation

outline fraud deterrence practices.


Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the superannuation field of work and include access to:

common office equipment, technology, software and consumables

organisational financial records

organisational policy and procedures.

Assessors must satisfy NVR/AQTF assessor 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, 2.1-2.6, 4.5

Analyses and interprets complex textual and numerical information from a range of sources

Incorporates specific aspects of information to manage operational requirements

Writing

3.1-3.5, 4.3, 4.5

Uses language, concepts and terminology appropriate to the audience and purpose to convey and clarify explicit information and requirements

Accurately documents information following organisational procedures and protocols

Oral Communication

3.1-3.5, 4.5

Participates in verbal exchanges using active listening and questioning to explain and clarify information

Clearly and effectively presents complex information using language, tone and pace appropriate to audience and purpose

Numeracy

1.6, 4.1

Applies mathematical concepts to analyse performance trends and targets

Navigate the world of work

1.1-1.3, 2.4-2.6, 3.3, 4.1, 4.2, 4.4, 4.5

Contributes to roles and responsibilities of self and others

Modifies or develops organisational policy and procedures to comply with legislative requirements and organisational goals

Identifies and resolves key business issues, processes and practices that may have legal implications

Interact with others

2.2-2.4, 3.1, 3.3-3.5, 4.2, 4.5

Selects, implements and seeks to improve protocols governing communications to clients and co-workers in a range of work contexts

Reflects on staff attributes and considers the impact on the organisation

Elicits and provides feedback to others to improve behaviours

Recognises the diversity in people and manages this diversity to improve workplace relations and practices

Get the work done

1.1-1.3, 2.1-2.3, 3.5, 4.1-4.4

Accepts responsibility for planning and sequencing complex tasks and workload, negotiating key aspects with others and taking into account capabilities, efficiencies and effectiveness

Monitors progress of plans and schedules, and reviews and changes them to meet new demands and priorities

Makes critical decisions quickly and intuitively in complex situations, taking into consideration a range of variables

Uses a range of digitally based technologies to enter, access or update information to achieve required outcomes


Sectors

Superannuation