Skill set Outline
Information current as of
13/09/2026 3:26 PM AWST
13/09/2026 3:26 PM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Integrated Risk Management Skill Set
Integrated Risk Management Skill Set
Skill set
National Code
FNSSS00016
FNSSS00016
State Code
AE185
AE185
TGA Status
Current
Current
DTWD Status
Approved
Approved
National Endorsed, State Implementation and Classification
AQF Level
—
Field of Education
—
Skillset Type
National
Original TGA Release Date
01/07/2020
Current Release Date
15/06/2022
Current Release Number
2.00
Approved Date
02/10/2020
Nominal Hours
205
Duration
—
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 2.00 | 15/06/2022 | Current | Approved |
| 1.00 | 01/07/2020 | Replaced | Replaced |
Description
This skill set addresses the skills and knowledge to manage risk and compliance obligations for a range of purposes required within a financial services context.
Pathway Information
The units of competency in this skill set provide credit towards FNS60822 Advanced Diploma of Integrated Risk Management and other qualifications that allow for selection of these units.
Licensing / Regulatory Information
No licensing, legislative or certification requirements apply to this skill set at the time of publication.
Target Group
This skill set is for individuals who apply risk management and compliance principles in roles within the financial services industry.
Suggested words for statement of attainment
These units of competency from the BSB Business Services and FNS Financial Services Training Package meet industry requirements for managing risk and compliance obligations in financial services contexts.
General notes
Schedule
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| OBR65 | FNSRSK512 | Assess risks | 45 | Unit of competency |
| OBR70 | FNSORG512 | Develop, implement and monitor policy and procedures | 50 | Unit of competency |
| OCF86 | BSBAUD514 | Interpret compliance requirements | 20 | Unit of competency |
| OCE90 | BSBOPS504 | Manage business risk | 50 | Unit of competency |
| OBR66 | FNSRSK511 | Undertake risk identification | 40 | Unit of competency |
