Qualification Outline
22/07/2026 4:46 AM AWST
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Advanced Diploma of Integrated Risk Management
Advanced Diploma of Integrated Risk Management
FNS60822
BHX3
Current
Approved
National Endorsed, State Implementation and Classification
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 2.00 | 23/09/2022 | Current | Approved |
| 1.00 | 15/06/2022 | Replaced | Approved |
Description
This qualification reflects the role of individuals who undertake specialist risk management roles in financial services organisations. These roles include cross-industry tasks and responsibilities relating to finance, compliance, corporate governance, strategy and business continuity. Individuals in these roles have autonomy in performing technical operations; apply solutions to a range of often complex problems; and research, analyse and evaluate information from a variety of sources. They apply initiative to plan, demonstrate customer advocacy, have business empathy, coordinate and evaluate their own work, challenge and facilitate risk conversations, demonstrate resilience and provide guidance to others.
Licensing, legislative, regulatory or certification considerations
No licensing or certification requirements apply to this qualification at the time of publication. However, some units will specify relevant licensing, legislative and/or regulatory requirements that impact on the unit. Refer to the regulator for guidance on requirements.
Schedule
Packaging Rules
Total number of units = twelve (12)- eight (8) core units plus
- four (4) elective units, of which:
- at least two (2) must be from the elective units listed below
- up to two (2) may be from the remaining listed elective units or any currently endorsed Diploma or above training package qualification or accredited course.
Elective units must be relevant to the work environment and the qualification, maintain the overall integrity of the AQF alignment, not duplicate the outcome of another unit chosen for the qualification, and contribute to a valid industry-supported vocational outcome.
1. Core Units
All eight (8) units must be completed.
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| OBR65 | FNSRSK512 | Assess risks | 45 | Unit of competency |
| OBR60 | FNSRSK612 | Determine and manage risk exposure strategies | 55 | Unit of competency |
| OBR62 | FNSRSK611 | Develop and implement risk mitigation plan | 55 | Unit of competency |
| OBR70 | FNSORG512 | Develop, implement and monitor policy and procedures | 50 | Unit of competency |
| OCF49 | BSBAUD601 | Establish and manage compliance management systems | 45 | Unit of competency |
| OCG36 | BSBAUD515 | Evaluate and review compliance | 25 | Unit of competency |
| OCE90 | BSBOPS504 | Manage business risk | 50 | Unit of competency |
| OBR66 | FNSRSK511 | Undertake risk identification | 40 | Unit of competency |
2. Elective Units
At least two (2) units must be chosen from the elective units listed below. Please refer to the packaging rules for the full details of available options.
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| BFE6 | FNS60820 | Advanced Diploma of Integrated Risk Management | Qualification |
No information
Entry Requirements
Nil