Course Title: Apply principles of professional practice to work in the financial services industry
Part A: Course Overview
Program: C6164 Advanced Diploma of Conveyancing
Course Title: Apply principles of professional practice to work in the financial services industry
Portfolio: Vocational Education
Nominal Hours: 30
Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.Important Information:
Please note that this course may have compulsory in-person attendance requirements for some teaching activities.
To participate in any RMIT course in-person activities or assessment, you will need to comply with RMIT vaccination requirements which are applicable during the duration of the course. This RMIT requirement includes being vaccinated against COVID-19 or holding a valid medical exemption.
Please read this RMIT Enrolment Procedure as it has important information regarding COVID vaccination and your study at RMIT: https://policies.rmit.edu.au/document/view.php?id=209.
Please read the Student website for additional requirements of in-person attendance: https://www.rmit.edu.au/covid/coming-to-campus
Please check your Canvas course shell closer to when the course starts to see if this course requires mandatory in-person attendance. The delivery method of the course might have to change quickly in response to changes in the local state/national directive regarding in-person course attendance.
Terms
Course Code |
Campus |
Career |
School |
Learning Mode |
Teaching Period(s) |
EMPL7068C |
City Campus |
TAFE |
650T Vocational Business Education |
Face-to-Face or Internet |
Term1 2019, Term2 2019, Term1 2020, Term2 2020, Term1 2021 |
Course Contact: Theresa Lyford
Course Contact Phone: +61 3 9925 5444
Course Contact Email: theresa.lyford@rmit.edu.au
Course Description
This unit describes the skills and knowledge required to identify industry professional approaches to procedures, guidelines, policies and standards, including ethical requirements, and to model and meet expectations of these in all aspects of work.
It applies to individuals who work in senior roles in the financial services industry and underpins other specialist units used in all sectors of the industry.
Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Pre-requisite Courses and Assumed Knowledge and Capabilities
None
National Competency Codes and Titles
National Element Code & Title: |
FNSINC401 Apply principles of professional practice to work in the financial services industry |
Elements: |
1. Identify scope, sectors and responsibilities of industry 2. Identify and apply guidelines, procedures and legislation 3. Identify sustainability issues 4. Manage information 5. Participate in and facilitate work team activities 6. Plan work to be completed 7. Develop and maintain personal competency |
Learning Outcomes
Overview of Assessment
In order to achieve competency in this unit, you must provide:
Performance Evidence
Evidence of the ability to:
◾ access, interpret and analyse product and service information provided by industry sectors in an effective and timely manner
◾ interpret and comply with relevant financial services legislation, regulations and industry codes of practice, and ethics applicable to the workplace
◾ recognise and implement sustainability principles and work practices
◾ accurately analyse, evaluate and organise relevant information
◾ effectively plan work and maintain a team environment, taking into account any constraints and available resources
◾ identify and evaluate appropriate professional development opportunities.
Knowledge Evidence
To complete the unit requirements safely and effectively, you must:
◾ discuss environmental or sustainability legislation, regulations and codes of practice applicable to industry and organisations
◾ outline the main sectors in the financial services industry and the interrelationships between the sectors
◾ explain industry and organisational policy and procedures and ethical behaviours in regard to customer service and administration
◾ outline industry and organisational security practices and rationale
◾ identify internal administration systems such as accounting systems and databases
◾ explain principles, practices and available tools and techniques of sustainability management relevant to the industry context
◾ explain key requirements of relevant legislation, statutory requirements and industry codes of practice as they relate to:
- consumer credit
- privacy
- financial transaction reporting
- corporations (including accounting standards)
- financial
◾ identify the economic and political climate relating to the financial services industry
◾ explain triple bottom line principles used in work planning.
Assessment Conditions
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the industry capability field and include access to:
◾ organisational policy, procedures, legislation, regulations and codes of practice
◾ specialist financial services software and data
◾ common office equipment, technology, software and consumables.
You are advised that you are likely to be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met.
Feedback
Feedback will be provided throughout the semester in class and/or online discussions. You are encouraged to ask and answer questions during class time and online sessions so that you can obtain feedback on your understanding of the concepts and issues being discussed.