This qualification is designed for professionals entering the securitisation sector in specialist job roles. The Australian Securitisation Forum (ASF), an association of companies participating in the Australian securitisation industry, has delivered a specialist qualification for professionals working in the field of securitisation, The Securitisation Professionals Program. This FNS51610 Diploma of Securitisation will replace the Securitisation Professionals Program.
Packaging Rules
13 units must be achieved:
9 core units
plus4 elective units
the required elective units of competency can be selected from the elective bank below
A maximum of 2 electives may be selected from units aligned to another FNS10 Financial Services Training Package Diploma or Advanced Diploma qualifications
A maximum of 2 electives may be selected from units aligned to Diploma or Advanced Diploma qualifications from 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:
FNSFMK501A Analyse financial markets and information
FNSFMK503A Advise clients on financial risk
FNSFMK505A Comply with financial services legislation and industry codes of practice
FNSFMK601A Price financial transactions
FNSSAM603A Tailor financial products to meet customer needs
FNSINC401A Apply principles of professional practice to work in the financial services industry
FNSINC402A Develop and maintain in depth knowledge of products and services used by an organisation or sector
FNSINC501A Conduct product research to support recommendations
FNSRSK501A Undertake risk identification
Elective units of competency:
BSBINM401A Implement workplace information system
BSBOHS303B Contribute to OHS Hazard identification and risk assessment
BSBSUS501A Develop workplace policy and procedures for sustainability
FNSACC403A Make decisions in a legal context
FNSFMK602A Hedge financial products
FNSINC601A Apply economic principles to work in the financial services industry
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
The primary pathway from this qualification is employment in the financial services industry securitisation sector involving job roles such as:
issuer
swap provider
insurer and guarantor
tax specialist
auditor
rating agent
trustee and originator.
A further learning pathway utilising qualifications such as FNS60710 Advanced Diploma of Financial Licensing Management or study in relevant higher education programs would support career progression.
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 | assisting clients to identify financial goals and priorities and assessing their current financial situation developing and writing reports to specifications interpreting clients' requirements and tailoring financial plans to meet their needs negotiating solutions with clients questioning, listening and clarifying client's requirements using excellent customer service skills and maintaining an ongoing relationship with clients |
Teamwork | working with colleagues in professional activities maintaining professional networks outsourcing tasks to internal and external specialists as required |
Problem solving | checking the accuracy of calculations for fees and charges conducting trend and risk analysis including product modelling estimating, forecasting and conducting competitive comparisons identifying and resolving inconsistencies in information testing strategic assumptions using modelling tools to test assumptions against a variety of scenarios |
Initiative and enterprise | developing administrative processes to implement financial plans identifying ongoing service options for clients and confirming these with clients identifying risk and managing it proactively anticipating customer requirements and recommending products researching alternative options for clients' needs |
Planning and organising | ensuring the integrity of systems, records and reporting procedures are maintained implementing financial plans according to agreed actions, time schedule and agreed priorities undertaking research and developing solutions such as financial plans |
Self-management | planning own work schedule and monitoring and evaluating own work performance taking responsibility as required by work role and ensuring all organisational policies and procedures are followed understanding and acting upon compliance implications working ethically and complying with industry professional code of practice and legislative requirements |
Learning | adapting to change in technology and/or work practices defining own work role and working within defined responsibilities developing and maintaining personal competence following workplace safety procedures identifying opportunities for professional development maintaining currency of knowledge of financial products and services seeking expert advice as required |
Technology | conducting web searches, using corporate templates and financial planning software 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 |