Diploma of Financial Markets
This qualification reflects job roles in financial markets involving duties in the areas of client advising, operations and dealing.
Subjects
9 units must be achieved:
4 core units
plus5 elective units.
3 elective units must be selected from the elective units listed below.
The remaining 2 elective units may be selected from the elective units listed below, any endorsed Training Package or accredited course. Elective units may be selected from a Certificate IV, Diploma or Advanced Diploma qualification.
Elective units must be relevant to the work outcome, local industry requirements and the qualification level.
Core units of competency:
FNSFMK501A Analyse financial markets and information
FNSINC401A Apply principles of professional practice to work in the financial services industry
FNSRSK502A Assess risks
BSBCOM406A Conduct work within a compliance framework
Elective units of competency:
Candidates wishing to specialise may select units from particular groups in the elective list.
Client advisory roles
FNSASICL503A Provide advice in the regulated emissions market
FNSASICS503A Provide advice in Foreign Exchange
FNSASICT503A Provide advice in Managed Investments
FNSASICV503A Provide advice in Derivatives
FNSASICW503A Provide advice in Securities
FNSCUS504A Manage premium customer relationships
FNSCUS505A Determine client requirements and expectations
FNSCUS506A Record and implement client instructions
FNSFMK502A Analyse financial market products for client
FNSFMK503A Advise clients on financial risk
FNSFMK512A Apply knowledge of emissions markets
FNSIAD501A Provide appropriate services, advice and products to clients
FNSIAD502A Provide appropriate and timely information and advice to clients
FNSINC501A Conduct product research to support recommendations
Operational roles
FNSFMK401A Reconcile financial transaction
FNSFMK504A Complete settlement and confirmation processes
FNSFMK506A Detect errors and fraud when processing financial transactions
FNSFMK507A Analyse risk mitigation in the operation process
FNSFMK508A Monitor and process collateral
Dealing room roles
FNSFMK601A Price financial transactions
FNSFMK602A Hedge financial products
FNSFMK509A Apply knowledge of transaction documentation and processing
FNSFMK510A Prepare trading strategies for clients
FNSFMK511A Apply limits when trading
Pathways...
Pathways into the qualification
Pathways for candidates entering this qualification include:
Certificate IV in Financial Markets Operations
Pathways from the qualification
Potential pathways utilising this qualifications:
Advanced Diploma of Financial Licensing Management
Advanced Diploma of Integrated Risk Management
Entry Requirements
Not applicable.
Licensing Information
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. You should refer to the IBSA website (www.ibsa.org.au under Training Packages/Industry) or the relevant regulator for specific guidance on requirements.
Employability Skills
The following table contains a summary of the employability skills required by industry for this qualification. The employability skills facets described here are broad industry requirements that may vary depending on qualification packaging options.
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 |