Qualification Outline

Date retreived
22/07/2026 4:23 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:
FNS60820
State Code:
BFE6
TGA Status:
Replaced
DTWD Status:
Replaced
National Endorsed, State Implementation and Classification
Field of Education
0811 - Banking, Finance And Related Fields
Original TGA Release Date
01/07/2020
Approved Date
02/10/2020
Stream of Study
Initial Vocational (3100 - 3600)
VET Act Classifier
C
Nominal Hours
555
Duration
2 Semesters
Current Release Number
1.00
Current Release Date
01/07/2020
VET Act Conditions
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.

State Code National Code Title Hours Type
AUS39 FNSORG508 Analyse and comment on management reports 40 Unit of competency
BBH69 FNSINC504 Apply ethical frameworks and principles to make and act upon decisions 35 Unit of competency
AUH75 BSBPMG411 Apply project quality management techniques 30 Unit of competency
AUH27 BSBPMG415 Apply project risk management techniques 40 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
AUL21 BSBMGT615 Contribute to organisation development 60 Unit of competency
AUK16 BSBMGT617 Develop and implement a business plan 60 Unit of competency
AUL97 BSBMGT616 Develop and implement strategic plans 60 Unit of competency
AUS52 FNSORG602 Develop and manage financial systems 60 Unit of competency
AUJ05 BSBCOM503 Develop processes for the management of breaches in compliance requirements 30 Unit of competency
AUI86 BSBSUS501 Develop workplace policy 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
AUS53 FNSORG603 Establish and prepare operational guidelines in a financial services organisation 50 Unit of competency
AUL08 BSBSMB401 Establish legal and risk management requirements of small business 40 Unit of competency
AUS64 FNSPRM601 Establish, supervise and monitor practice systems to conform with legislation and regulations 60 Unit of competency
AUQ18 FNSACC609 Evaluate financial risk 35 Unit of competency
AUH23 BSBCOM501 Identify and interpret compliance requirements 20 Unit of competency
AUI64 BSBRSK401 Identify risk and apply risk management processes 40 Unit of competency
BBH97 FNSINC503 Identify situations requiring complex ethical decision making 35 Unit of competency
BBH73 FNSACC516 Implement and maintain internal control procedures 20 Unit of competency
AUH08 BSBCOM402 Implement processes for the management of a breach in compliance requirements 40 Unit of competency
AUK73 BSBWHS603 Implement WHS risk management 40 Unit of competency
AUI60 BSBINM401 Implement workplace information system 40 Unit of competency
AUI47 BSBINN601 Lead and manage organisational change 30 Unit of competency
AUM06 BSBLDR402 Lead effective workplace relationships 40 Unit of competency
AUJ29 BSBINM501 Manage an information or knowledge management system 40 Unit of competency
OBA91 BSBWHS520 Manage implementation of emergency procedures 40 Unit of competency
AUJ03 BSBMGT517 Manage operational plan 50 Unit of competency
AUI09 BSBPMG517 Manage project risk 40 Unit of competency
AUL12 BSBWHS504 Manage WHS risks 50 Unit of competency
BBH93 FNSACC624 Monitor corporate governance activities 60 Unit of competency
AUS45 FNSORG601 Negotiate to achieve goals and manage disputes 40 Unit of competency
AUK64 BSBCOM401 Organise and monitor the operation of compliance management system 40 Unit of competency
OBR55 FNSORG515 Prepare financial reports to meet statutory requirements 50 Unit of competency
BBH87 FNSACC511 Provide financial and business performance information 50 Unit of competency
AUG94 BSBMGT605 Provide leadership across the organisation 60 Unit of competency
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

Traineeships and Apprenticeships
No information