Qualification Outline
22/07/2026 7:33 AM AWST
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Advanced Diploma of Integrated Risk Management
Advanced Diploma of Integrated Risk Management
FNS60820
BFE6
Replaced
Replaced
National Endorsed, State Implementation and Classification
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 1.00 | 01/07/2020 | Current | 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/Regulatory Information
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:
- two (2) must be selected from the electives listed below,
- (2) units may be selected from the remaining listed electives or any currently endorsed training package qualification or accredited course at Diploma or above.
Elective units must be relevant to the work environment and the qualification, maintain the overall integrity of the AQF alignment and contribute to a valid 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 |
| AUJ30 | BSBCOM602 | Develop and create compliance requirements | 50 | 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 |
| AUM52 | BSBRSK501 | Manage risk | 50 | Unit of competency |
| AUJ27 | BSBCOM603 | Plan and establish compliance management systems | 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 |
|---|---|---|---|
| AVZ1 | FNS60815 | Advanced Diploma of Integrated Risk Management | Qualification |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| BHX3 | FNS60822 | Advanced Diploma of Integrated Risk Management | Qualification |
No information
Entry Requirements
Nil