The FNS50322 Diploma of Finance and Mortgage Broking Management is a nationally recognized qualification in Australia, designed for individuals aiming to develop advanced skills in finance and mortgage broking management. This diploma equips learners with the knowledge and competencies to undertake roles that require applying theoretical knowledge and specialized skills in a range of situations, displaying initiative and judgment in completing activities.
Course Overview
- Qualification Code: FNS50322
- Total Units: 15 (10 core units + 5 elective units)
- Delivery Mode: Varies by provider; may include face-to-face, blended, or online learning
- Duration: Typically 12–24 months, depending on the institution and study mode
- Entry Requirements: No formal prerequisites
Key Learning Outcomes
Graduates will develop competencies in:
- Developing and maintaining professional relationships in the financial services industry
- Preparing loan applications on behalf of clients
- Identifying client needs and presenting broking options
- Identifying and developing credit options for clients with special financial circumstances
- Implementing complex loan structures
- Complying with financial services regulation and industry codes of practice
- Conducting work according to professional practices in the financial services industry
- Applying ethical frameworks and principles to make and act upon decisions
- Undertaking risk identification
Career Opportunities
This qualification prepares individuals for roles such as:
- Finance Broker
- Mortgage Broker
- Finance and Mortgage Broking Manager
- Credit Analyst
- Loan Officer
These positions are in demand across various sectors, including banking, financial services, and mortgage broking firms.
Recognition of Prior Learning (RPL)
For individuals with relevant work experience or prior studies, RPL offers a pathway to attain this diploma by recognizing existing competencies. The RPL process involves:
- Self-Assessment: Evaluating your experience against the qualification’s competencies.
- Evidence Collection: Gathering supporting documents such as work samples, references, and prior certifications.
- Assessment: Reviewing submitted evidence by qualified assessors to determine competency.
- Outcome: Awarding of the Diploma upon successful demonstration of required competencies.
Engaging in RPL can expedite the qualification process and acknowledge your professional experience.
Course Structure
Core Units (10):
- FNSCUS511: Develop and maintain professional relationships in financial services industry
- FNSFMB411: Prepare loan applications on behalf of clients
- FNSFMB412: Identify client needs and present broking options
- FNSFMB512: Identify and develop credit options for clients with special financial circumstances
- FNSFMB513: Present credit options to clients with special financial circumstances
- FNSFMB514: Implement complex loan structures
- FNSFMK515: Comply with financial services regulation and industry codes of practice
- FNSINC411: Conduct work according to professional practices in the financial services industry
- FNSINC514: Apply ethical frameworks and principles to make and act upon decisions
- FNSRSK511: Undertake risk identification
Elective Units (5):
Electives can be chosen based on specific interests and career goals, with options such as:
- BSBESB404: Market new business ventures
- BSBHRM413: Support the learning and development of teams and individuals
- BSBINS402: Coordinate workplace information systems
- BSBLDR414: Lead team effectiveness
- BSBLDR523: Lead and manage effective workplace relationships
- BSBLDR602: Provide leadership across the organisation
- BSBOPS502: Manage business operational plans
- BSBOPS505: Manage organisational customer service
- BSBPEF501: Manage personal and professional development
- BSBSUS511: Develop workplace policies and procedures for sustainability
- FNSFMB511: Implement credit contracts in preparation for settlement
- FNSINC412: Apply and maintain knowledge of financial products and services
- FNSINC513: Identify and apply complex ethical decision making to workplace situations
- FNSORG512: Develop, implement and monitor policy and procedures
- FNSPRM611: Monitor and review organisational system compliance with legislation and regulations
- FNSPRM612: Improve business of financial practices
- FNSPRM613: Grow financial practices
- FNSRSK512: Assess risks
- FNSRSK612: Determine and manage risk exposure strategies
Note: Elective units should be selected to align with specific career goals and industry requirements.