Diploma of Finance and Mortgage Broking Management
This qualification reflects management job roles in finance and mortgage broking, including roles that are independent, undertaken through an aggregator, or involve managing a workplace team.
This qualification reflects management job roles in finance and mortgage broking, including roles that are independent, undertaken through an aggregator, or involve managing a workplace team.
Packaging Rules
15 units must be achieved:
10 core units
plus5 elective units.
the required elective units of competency can be selected from the elective bank below or 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 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.
Core units of competency:
BSBCOM501B Identify and interpret compliance requirements
BSBRSK401A Identify risk and apply risk management processes
FNSFMB401A Prepare loan application on behalf of finance or mortgage broking clients
FNSFMB402A Provide finance and mortgage broking services
FNSFMB403A Present broking options to client
FNSFMB502A Identify and develop complex broking options for client
FNSFMB503A Present broking options to client with complex needs
FNSFMB504A Implement complex loan structures
FNSCUS501A Develop and nurture relationships with clients, other professionals and third party referrers
FNSINC401A Apply principles of professional practice to work in the financial services industry
Elective units of competency:
BSBINM401A Implement workplace information system
BSBMGT502B Manage people performance
BSBMGT515A Manage operational plan
BSBMGT605B Provide leadership across the organisation
BSBOHS303B Contribute to OHS hazard identification and risk assessment
BSBSMB405A Monitor and manage small business operations
BSBSUS501A Develop workplace policy and procedures for sustainability
FNSFMB501A Settle applications and loan arrangements in the finance and mortgage broking industry
FNSORG502A Develop and monitor policy and procedures
FNSPRM601A Establish, supervise and monitor practice systems to conform with legislation and regulations
FNSPRM602A Improve the practice
FNSPRM603A Grow the practice
FNSRSK602A Determine and manage risk exposure strategies
TAADEL404B Facilitate workplace learning
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.
Qualification Pathway
Preferred pathways for candidates entering this qualification include:
FNS40810 Certificate IV in Finance and Mortgage Broking
The primary pathway from this qualification is employment in finance and mortgage broking with duties such as:
securing new clients and contacts interested in mortgage or finance broking services
presenting broking options and recommending loan combinations to clients based on identified needs
preparing and presenting loan applications to lenders and settling of a loan
managing legislative and code of practice obligations relevant to the mortgage and/or finance broking industry specifically
assessing prospective borrowers' eligibility to obtain finance and their capacity to service debt
operating and building an independent business
brokering complex and/commercial leases and equipment finance, commercial finance, project finance and finance for property developers
acting as licensees.
An Australian Apprenticeship pathway may be possible for this qualification depending on the State or Territory training authority declaration policy
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.
Not applicable.
Not applicable.
QUALIFICATION SUMMARY | |
Employability Skill | Industry/enterprise requirements for this qualification include: |
Communication | building trust and a rapport with clients developing and writing reports to specifications documenting clients' complex or special needs to protect interests of clients and broker interpreting client requirements and tailoring products to meet their needs preparing and presenting correspondence in appropriate electronic format presenting complex information to the client questioning, listening and clarifying clients' requirements using effective telephone techniques and having the ability to negotiate solutions with clients and colleagues using excellent customer service skills and maintaining an ongoing relationship with clients using excellent interpersonal skills to meet a client's personal needs |
Teamwork | conducting performance appraisals consulting other financial services professionals as required coordinating actions with other professionals making constructive contributions to group decision making processes managing the process of monitoring and reviewing team performance providing feedback, support and encouragement to team members |
Problem solving | checking the accuracy of calculations conducting trend and risk analyses including product modelling determining security protocols identifying and resolving inconsistencies in information identifying OHS hazards and risk control planning for contingencies and using problem solving techniques to resolve workplace issues testing strategic assumptions undertaking risk identification, evaluating risk controls and conducting probability assessments |
Initiative and enterprise | analysing, modelling, prioritising and measuring risk loan structures/options aligning customer characteristics to 'best product' continuously reviewing and applying emerging industry trends to product and service knowledge generating a range of options for clients to consider |
Planning and organising | coordinating people, resources and or equipment to achieve optimum results creating action plans for complex loans to meet timelines and priorities establishing and maintaining records undertaking research and developing complex solutions |
Self-management | acting as a role model for others managing own time and priorities and dealing with contingencies planning one's work schedule and monitoring and evaluating own work performance understanding own work role and working within it working ethically and complying with all industry codes of practice and legislative requirements |
Learning | adapting to change in technology and/or work practices developing and maintaining personal competency following workplace safety procedures identifying and encouraging opportunities for professional development seeking assistance and expert advice on behalf of clients |
Technology | applying technology through the utilisation and application of computers, organisational software, organisational templates and telecommunication devices conducting web searches to research information using business technology to access, organise and monitor information |