Unit of competency Outline

Date retreived
22/07/2026 1:47 PM AWST

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Conduct individual work within a compliance framework

Conduct individual work within a compliance framework

Unit of competency
National Code
FNSORG411
State Code
OBR72
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
081101 - Banking And Finance
Original Release Date
02/10/2020
Nominal Hours
35
Description
This unit describes the skills and knowledge required to identify and interpret compliance requirements and procedures while carrying out work in a range of financial services positions.It applies to individuals who use specialised knowledge and work cooperatively with others in meeting compliance requirements within financial services organisations of various sizes and across a range of customer bases.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Identify and assess individual compliance requirements
  • 1.1 Review organisational policies and procedures and consult appropriate personnel to identify individual compliance requirements
  • 1.2 Map compliance requirements against individual work practices
  • 1.3 Discuss ethical considerations with appropriate parties
2. Review individual work practices
  • 2.1 Review existing individual work practices and develop or modify to comply with organisational procedures
  • 2.2 Record and report changes to appropriate organisational personnel
3. Identify and respond to ongoing requirements of compliance framework
  • 3.1 Identify and research ongoing issues and updates relating to compliance frameworks applicable to individual work practices
  • 3.2 Monitor and respond to changes to compliance requirements and organisational procedures
  • 3.3 Identify and discuss own compliance professional development and training opportunities with key organisational personnel
No information
No information
Replaces
State Code National Code Title Type
AUS42 FNSORG401 Conduct individual work within a compliance framework Unit of competency