This page is updated when information changes, but it's always best to talk to your training provider to confirm course details before you enrol.
Overview
This qualification provides a general purpose pathway into the financial services industry. It also provides an effective development option for those for whom the specialist qualification pathways in FNS Financial Services Training Package are not yet appropriate. Individuals in these roles apply solutions to a range of often complex problems and analyse and evaluate information from a variety of sources. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others or teams within defined guidelines.
Licensing, legislative, regulatory or certification considerations
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the relevant regulator for specific guidance on requirements.
-
Financial help
-
Government funding is not available for this course.
-
-
Cost
Course costs can vary by provider and location. Ask your training provider for a cost estimate.
-
VET Student Loans are not available
-
You may need to pay for equipment or materials.
-
-
On-the-job training
- Completing this course through a traineeship can help you to learn the skills you need.
This traineeship is available:
-
Entry requirements
This course doesn't have any entry requirements. It could be a good starting point for your career.
-
Duration
You complete this course when you’ve learned the skills, not after a set amount of time. The times shown are estimates.
- Through traineeship:
2 years - Qualification only:
1–2 years
- Through traineeship:
-
Delivery options
You may be able to access this training in these ways:
Course content
This course is made up of units.
All courses have core units—these are mandatory for completing the course. Most courses also have elective units, which you can choose from to suit your needs and interests. Not all training providers offer every elective, so check with your provider to find out which electives they can offer you.
For more information about course content, talk to your training provider or visit the National Training Register.
| Unit | Unit type |
|---|---|
| Apply risk management strategies to own work | Core |
| Conduct work according to professional practices in the financial services industry | Core |
| Identify and apply complex ethical decision making to workplace situations | Core |
| Analyse and comment on management reports | Elective |
| Analyse financial markets and information | Elective |
| Analyse financial, medical and psychological claims assessments | Elective |
| Apply advanced techniques to provide financial products and services | Elective |
| Apply and maintain knowledge of financial products and services | Elective |
| Apply ethical frameworks and principles to make and act upon decisions | Elective |
| Apply legal principles in corporation law matters | Elective |
| Assess credit applications | Elective |
| Assess market needs and identify opportunities for new financial products and services | Elective |
| Assess risks | Elective |
| Assess, allocate and supervise work within the personal trustee sector | Elective |
| Assist customers to budget and manage own finances | Elective |
| Comply with financial services legislation | Elective |
| Comply with financial services regulation and industry codes of practice | Elective |
| Conduct financial product research to support product recommendations | Elective |
| Conduct work within financial markets organisational risk management framework | Elective |
| Contribute to managing a WHS information system | Elective |
| Determine client financial requirements and expectations | Elective |
| Develop a resource plan | Elective |
| Develop and implement risk mitigation plan | Elective |
| Develop and maintain professional relationships in financial services industry | Elective |
| Develop and manage a budget | Elective |
| Develop and monitor processes for the management of breaches in compliance requirements | Elective |
| Develop and monitor risk management strategies for client | Elective |
| Develop financial investment options and strategies for clients | Elective |
| Develop workplace policies and procedures for sustainability | Elective |
| Develop, implement and monitor policy and procedures | Elective |
| Develop, monitor and supervise work practices to meet financial services regulatory requirements | Elective |
| Establish agreements with intermediaries for product distribution | Elective |
| Establish and implement operational guidelines in financial services organisations | Elective |
| Establish and maintain appropriate security options for credit facilities | Elective |
| Establish and manage outsourced services | Elective |
| Establish innovative work environments | Elective |
| Facilitate continuous improvement | Elective |
| Facilitate customer awareness of the Australian financial system and markets | Elective |
| Facilitate customer knowledge of personal financial statements | Elective |
| Facilitate knowledge of superannuation as an investment tool | Elective |
| Identify and apply legal requirements for a conveyancing transaction | Elective |
| Identify and evaluate marketing opportunities | Elective |
| Identify and evaluate marketing opportunities in the financial services industry | Elective |
| Identify and manage credit risk | Elective |
| Implement and manage the distribution plan | Elective |
| Interpret a legal document and provide advice in a conveyancing transaction | Elective |
| Interpret compliance requirements | Elective |
| Lead WHS risk management | Elective |
| Manage banking and service strategy for small business customers | Elective |
| Manage business operational plans | Elective |
| Manage client service and business information | Elective |
| Manage complex life insurance claims | Elective |
| Manage group life insurance claims | Elective |
| Manage group life insurance policy administration | Elective |
| Manage ongoing disability claims | Elective |
| Manage organisational customer service | Elective |
| Manage people performance | Elective |
| Manage personal and professional development | Elective |
| Manage premium customer relationships | Elective |
| Manage project integration | Elective |
| Manage project risk | Elective |
| Manage recruitment and onboarding | Elective |
| Manage services in a Business Transaction Centre | Elective |
| Manage WHS risks | Elective |
| Monitor clients' financial requirements | Elective |
| Monitor market opportunities | Elective |
| Prepare a distribution plan | Elective |
| Prepare financial forecasts and projections | Elective |
| Process transaction documentation | Elective |
| Promote basic financial literacy in clients | Elective |
| Promote client understanding of the role and effective use of consumer credit | Elective |
| Provide appropriate services, general advice and products to clients | Elective |
| Provide business advisory services within a financial services context | Elective |
| Provide decisions on legal liability and indemnity of a claim | Elective |
| Provide general advice in life insurance | Elective |
| Record and implement client instructions | Elective |
| Resource a distribution plan | Elective |
| Respond to corporate insolvency situations | Elective |
| Respond to personal insolvency situations | Elective |
| Review and update claim reserves in portfolio | Elective |
| Review business performance | Elective |
| Review claims settlement policies and procedures | Elective |
| Tailor financial products to meet client needs | Elective |
| Take instructions in relation to a conveyancing transaction | Elective |
| Undertake post-loss risk management | Elective |
| Undertake project work | Elective |
| Undertake risk identification | Elective |
| Underwrite complex risks | Elective |
| Use medical terminology in an insurance context | Elective |
Job prospects
The Diploma of Financial Services sets you up for roles like these, but the skills you learn could take you even further.
-
Customer Service Manager
ANZSCO 149212
Customer Service Managers plan, administer and review customer services and after-sales services, and maintain sound customer relations.
Recommended education level:
Diploma, Advanced Diploma or Associate Degree -
Bank Manager and Branch Manager
ANZSCO 149914
Manage the day to day operational activities of a bank branch, building society, credit union or other financial institution.
Recommended education level:
Diploma, Advanced Diploma or Associate Degree -
Financial Investment Adviser
ANZSCO 222311
Offer advice and develop strategies about financial planning, investing, insurance and other financial services.
Recommended education level:
Bachelor degree or higher -
Financial Investment Manager
ANZSCO 222312
Manage sums of money and assets on behalf of others; invest funds to bring financial returns for clients.
Recommended education level:
Bachelor degree or higher -
Bank Worker
ANZSCO 552111
Receive deposits and pay out money; advise customers on banking services and products.
Recommended education level:
Certificate III or IV -
Money Market Clerk
ANZSCO 552313
Money Market Clerks process documentation and maintain records of securities transactions and registrations.
Recommended education level:
Certificate II or III
Training providers delivering Diploma of Financial Services
It's a good idea to research multiple training providers to make sure you're getting the right training for you.
-
Australia Institute of Business and Technology (RTO code 41138)
Contact this provider
-
ELITE EDUCATION VOCATIONAL INSTITUTE (RTO code 45018)
Contact this provider
-
Financial Education Professionals Pty Ltd (RTO code 90725)
Contact this provider
-
Institute of Strategic Management (RTO code 91485)
Contact this provider
-
Management Consultancy International Pty Ltd (RTO code 91088)
Contact this provider
-
THE AUSTRALIAN & NEW ZEALAND INSTITUTE OF INSURANCE & FINANCE (RTO code 3596)
Contact this provider
How to enrol in this course
To enrol, choose a training provider that offers this course. You can see provider details on this page.
When you find one that you think suits you, visit their website or contact them directly to confirm details like start dates, fees, funding, delivery locations and delivery options.
The provider will guide you through the enrolment process.
How do apprenticeships and traineeships work?
Apprenticeships and traineeships let you combine hands-on work experience with training. You’ll gain job-ready skills and earn an income while you complete a qualification.
As an apprentice or a trainee, you work with an employer while completing your training. Most of your time is spent learning on the job, with some classroom or online training to support the skills you're developing in the workplace.
For some jobs, you may need to do an apprenticeship or traineeship before you are allowed to work as a qualified tradesperson. For example, you need to do an apprenticeship if you want to work as a licensed electrician.
Find out more about apprenticeships and traineeships.
See more information about the apprenticeship or traineeship you’re interested in pursuing on the Queensland Training Information Service.
How long will this course take?
This course is competency-based training, which means you progress as you demonstrate your skills and knowledge, rather than in a set amount of time.
The duration shown here is an estimate for full-time study based on how long most people take to complete the course. You may finish earlier than other people, or it may take you a bit longer.
If you’ve already completed training or have worked in a relevant area, you could get credits or recognition of prior learning. This can reduce the training you need to complete a qualification, which could reduce the time needed for training.
Duration for apprenticeships and traineeships
Apprenticeships and traineeships take longer than doing the qualification on its own, but you learn valuable hands-on skills.
For some jobs, you may need to do an apprenticeship or traineeship before you are allowed to work as a qualified tradesperson. For example, you need to do an apprenticeship if you want to work as a licensed electrician.
Learn about how courses are delivered
Different courses have different delivery options. Consider your needs when you’re researching courses. Some courses may be delivered entirely online or partially online. Others may be delivered in a classroom.
Some courses, like those delivered through apprenticeships and traineeships, are mostly based in the workplace but with some classroom or online study.
If a certain type of delivery is important to you, talk to your provider before you enrol to make sure they offer that delivery option.
How to reduce the cost of your course
There are lots of ways you can reduce the cost of your course.
- The government could partly or fully cover the cost of your course. See information about financial help and government funding on this page.
- The government also offers funding for some costs related to your course.
- If you’ve already completed training or have worked in a relevant area, you could get a cost credit or recognition of prior learning. This can reduce the training you need to complete a qualification, which could reduce the cost.
Learn about financial help and government funding
The main cost of training is usually the course fees, which vary depending on things like which course and training provider you choose.
You may be able to get your training for free or at a reduced cost, or you could get help with paying for training-related costs. You can also pay for some courses with a VET Student Loan.
Find out more about getting help paying for your training or check if you're eligible.
What are entry requirements?
Some courses have conditions you need to meet before you can enrol in the course. They help make sure you have the right background or skills for the training.
Entry requirements might include a certain education level, skills or knowledge, work status, or experience.