Certificate IV in Financial Services FNS41815

This qualification is intended to provide a flexible general purpose pathway in the financial services industry. It is intended to meet the training needs of employees with roles that involve working across a range of duties in the financial services sector where a specialist qualification is not the most suitable qualification to meet their training needs.

For current advice on ASIC compliance under RG146 refer to the advice bulletin on the IBSA website or contact ASIC.

The job roles that this qualification is likely to address are:

    • Generalist financial services roles where a varied skill base is required
    • Retail financial services officer in a small branch or organisation where the role is varied
    • Retail or wholesale financial services administration staff (where a financial services qualification is better suited to address industry

and compliance knowledge/skill training outcomes to support employee in the role).

  • Leading/supervising a team
  • Performing duties of a first line supervisor

Qualification Pathway

This qualification would provide a pathway into any Diploma level qualification in the Financial Services training package, based upon the electives chosen

Units of Competency

13 units must be achieved:
1 core unit plus 12 elective units.

8 elective units must be selected from the elective units listed below or from a Certificate IV qualification in this Training Package, a minimum of 6 of these units must be FNS coded units regardless of where they are chosen from.

The remaining 4 elective units may be selected from the electives units listed below, any endorsed Training Package or accredited course at Certificate IV or Diploma level. 2 of these elective units may be chosen at Certificate III level.

Where generic imported units are chosen, they must reflect the level of the qualification being taken and the occupational intent of the learner.

Note: Where the packaging of this qualification meets the rules of a specialist qualification at this level, then the specialist qualification and not the generic qualification must be awarded.

Elective units must be relevant to the work outcome, local industry requirements and the qualification level.

FNSINC401A Apply principles of prof practice to work in the financial services industry

Suggested elective units

Entry level skill units
BSBOHS201A Participate in OHS processes
BSBWOR203A Work effectively with others
BSBWOR204A Use business technology
ASIC units
FNSASIC301C Establish client relationship and analyse needs
FNSASIC302C Develop, present and negotiate client solutions
General financial service units
FNSACC402A Prepare operational budgets
FNSACC403B Make decisions in a legal context
FNSACC405A Maintain inventory records
FNSBKG405A Establish and maintain a payroll system
FNSCUS401A Participate in negotiations
FNSCUS402A Resolve disputes
FNSFMK401A Reconcile financial transactions
FNSFMK402A Develop and maintain knowledge of financial markets products
FNSFMK403A Interpret financial markets information
FNSFMK505A Comply with financial services legislation and industry codes of practice
FNSINC402A Develop and maintain in-depth knowledge of products and services used by an organisation or sector
FNSPIM410A Collect, assess and use information
FNSSAM401A Sell financial products and services
FNSSAM402A Implement a sales plan
FNSSAM403A Prospect for new clients
Generic units
BSBADM405B Organise meetings
BSBCCO402A Gather, collate and record information
BSBCUS401A Coordinate implementation of customer service strategies
BSBCUS402A Address customer needs
BSBCUS403A Implement customer service standards
BSBINM401A Implement workplace information system
BSBITS401A Maintain business technology
BSBITU402A Develop and use complex spreadsheets
BSBLEG415A Apply the principles of contract law
BSBMGT401A Show leadership in the workplace
BSBMGT403A Implement continuous improvement
BSBMGT405A Provide personal leadership
BSBOHS403B Identify hazards and assess OHS risks
BSBOHS404B Contribute to the implementation of strategies to control OHS risk
BSBREL402A Build client relationships and business networks
BSBSMB407A Manage a small team
BSBWOR401A Establish effective workplace relationships
BSBWOR402A Promote team effectiveness
BSBWOR404B Develop work priorities

Sample Course outline

Core FNSINC401A Apply principles of prof practice to work in the financial services industry FNSASIC301C Establish client relationship and analyse needs FNSASIC302C Develop, present and negotiate client solutions FNSACC403B Make decisions in a legal context FNSCUS401A Participate in negotiations FNSFMK505A Comply with financial services legislation and industry codes of practice BSBLEG415A Apply the principles of contract law BSBADM405B Organise meetings BSBOHS403B Identify hazards and assess OHS risks Electives (choose 4) BSBWOR501A Manage personal work priorities and professional development BSBSMB401A Establish legal and risk management requirements of small business BSBFIM501 Manage budgets and financial plans BSBITU401A Design and develop complex text documents FNSCONV503B Establish, manage and admin trust accounts BSBCUS403A Implement customer service standards BSBRSK501A Manage risk FNSFMK505A Comply with financial services legislation and industry codes of practice

 

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