Unit of competency Outline

Date retreived
22/07/2026 3:38 PM AWST

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Develop and monitor risk management strategies for client

Develop and monitor risk management strategies for client

Unit of competency
National Code
FNSFMK520
State Code
OBR82
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
01/07/2020
View on TGA
State Implementation and Classification
Approved Date
02/10/2020
Field of Education
081105 - Investment And Securities
Original Release Date
02/10/2020
Nominal Hours
60
Description
This unit covers the skills and knowledge required to analyse client needs, develop applicable risk management strategies and monitor client positions on an ongoing basis.The unit applies to individuals who have a knowledge of financial markets, are able to interpret and analyse market trends and develop customised solutions for clients.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Analyse client needs, objective and tolerance to risk
  • 1.1 Identify client needs, objective and tolerance to risk
  • 1.2 Assess implications of applicable market trends and product data to client situation and needs
  • 1.3 Comply with organisational protocols, regulatory requirements and applicable codes of conduct prior to developing risk management solutions for client
  • 1.4 Provide client with analysis of market trends and product data according to organisational communication policies and procedures
2. Develop risk management strategy for client
  • 2.1 Identify risk management strategies consistent with client needs
  • 2.2 Explain proposed risk management strategies, outlining benefits and risks to client
  • 2.3 Assess client’s understanding of proposed risk management strategy, and refer to further advice if required
  • 2.4 Obtain client acceptance of risk management strategy
3. Maintain client financial positions
  • 3.1 Undertake ongoing monitoring of client positions
  • 3.2 Consult regularly with client about market developments that may impact on strategy
  • 3.3 Adjust risk management strategy if and as required
No information
No information
Replaces
State Code National Code Title Type
AUX11 FNSFMK510 Prepare trading strategies for clients Unit of competency