Qualification Outline

Date retreived
22/07/2026 4:46 AM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Advanced Diploma of Integrated Risk Management

Advanced Diploma of Integrated Risk Management

Qualification
National Code:
FNS60822
State Code:
BHX3
TGA Status:
Current
DTWD Status:
Approved
National Endorsed, State Implementation and Classification
Field of Education
0811 - Banking, Finance And Related Fields
Original TGA Release Date
15/06/2022
Approved Date
07/12/2022
Stream of Study
Initial Vocational (3100 - 3600)
VET Act Classifier
C
Nominal Hours
555
Duration
2 Semesters
Current Release Number
2.00
Current Release Date
23/09/2022
VET Act Conditions
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.

State Code National Code Title Hours Type
AUS39 FNSORG508 Analyse and comment on management reports 40 Unit of competency
OEC13 FNSINC514 Apply ethical frameworks and principles to make and act upon decisions 35 Unit of competency
OCE94 BSBPMG422 Apply project quality management techniques 30 Unit of competency
OCE89 BSBPMG426 Apply project risk management techniques 40 Unit of competency
OBR68 FNSRSK411 Apply risk management strategies to own work 45 Unit of competency
OBR52 FNSFMK515 Comply with financial services regulation and industry codes of practice 40 Unit of competency
AUQ30 FNSACC606 Conduct internal audit 40 Unit of competency
OBR53 FNSINC411 Conduct work according to professional practices in the financial services industry 25 Unit of competency
OCD37 BSBINS402 Coordinate workplace information systems 40 Unit of competency
OCF05 BSBOPS601 Develop and implement business plans 55 Unit of competency
AUS52 FNSORG602 Develop and manage financial systems 60 Unit of competency
OCF65 BSBAUD516 Develop and monitor processes for the management of breaches in compliance requirements 30 Unit of competency
OCE20 BSBSTR602 Develop organisational strategies 60 Unit of competency
OCE07 BSBSUS511 Develop workplace policies and procedures for sustainability 50 Unit of competency
OBR69 FNSORG514 Develop, monitor and supervise work practices to meet financial services regulatory requirements 55 Unit of competency
OCZ62 FNSORG613 Establish and implement operational guidelines in financial services organisations 50 Unit of competency
OCG32 BSBESB402 Establish legal and risk management requirements of new business ventures 55 Unit of competency
AUQ18 FNSACC609 Evaluate financial risk 35 Unit of competency
OED09 FNSINC513 Identify and apply complex ethical decision making to workplace situations 35 Unit of competency
OEB80 FNSACC526 Implement and maintain internal control procedures 30 Unit of competency
OCG10 BSBINS501 Implement information and knowledge management systems 40 Unit of competency
AUK73 BSBWHS603 Implement WHS risk management 40 Unit of competency
OCF86 BSBAUD514 Interpret compliance requirements 20 Unit of competency
OCD65 BSBLDR601 Lead and manage organisational change 55 Unit of competency
OCE19 BSBLDR413 Lead effective workplace relationships 40 Unit of competency
OCF06 BSBOPS502 Manage business operational plans 50 Unit of competency
OBA91 BSBWHS520 Manage implementation of emergency procedures 40 Unit of competency
OCE50 BSBPMG536 Manage project risk 40 Unit of competency
AUL12 BSBWHS504 Manage WHS risks 50 Unit of competency
OCI38 FNSPRM611 Monitor and review organisational system compliance with legislation and regulations 55 Unit of competency
OEC08 FNSACC634 Monitor corporate governance activities 60 Unit of competency
AUS45 FNSORG601 Negotiate to achieve goals and manage disputes 40 Unit of competency
OBR55 FNSORG515 Prepare financial reports to meet statutory requirements 50 Unit of competency
OEC93 FNSACC521 Provide financial and business performance information 50 Unit of competency
OCD43 BSBLDR602 Provide leadership across the organisation 60 Unit of competency
OCF98 BSBAUD412 Work within compliance frameworks 25 Unit of competency
Replaces
State Code National Code Title Type
BFE6 FNS60820 Advanced Diploma of Integrated Risk Management Qualification
No information
Entry Requirements

Nil

Traineeships and Apprenticeships
No information