Qualification Outline
22/07/2026 5:44 AM AWST
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Diploma of Integrated Risk Management
Diploma of Integrated Risk Management
FNS50815
AWC5
Deleted
Deleted
National Endorsed, State Implementation and Classification
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 3.00 | 13/02/2018 | Current | Approved |
| 2.00 | 22/04/2015 | Replaced | Approved |
| 1.00 | 25/03/2015 | Replaced | Approved |
Description
This qualification provides cross-industry competencies relating to finance, compliance, corporate governance, strategy and business continuity for specialist financial and related risk management roles in a range of organisations. Individuals in these roles have autonomy in performing technical operations, apply solutions to a range of often complex problems, and research, 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.
Licensing/Regulatory Information
No licensing or certification requirements apply to this qualification at the time of publication. However, some units will specify relevant licensing, legislative and/or regulatory requirements that impact on the unit. Refer to the FNS Implementation Guide Companion Volume for guidance on requirements.
Schedule
Packaging Rules
Total number of units = twelve (12)- four (4) core units plus
- eight (8) elective units
The elective units consist of:
- five (5) from the electives below.
Of the remaining three (3) units:
- up to three (3) may be from the electives
- up to three (3) may be from a Certificate IV or Diploma in any currently endorsed Training Package or accredited course.
The elective units chosen must be relevant to the work outcome and meet local industry needs.
1. Core Units
All four (4) units must be completed.
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| AUS85 | FNSRSK502 | Assess risks | 40 | Unit of competency |
| AUS41 | FNSORG502 | Develop and monitor policy and procedures | 50 | Unit of competency |
| AUM52 | BSBRSK501 | Manage risk | 50 | Unit of competency |
| AUS94 | FNSRSK501 | Undertake risk identification | 40 | Unit of competency |
2. Elective Units
At least five (5) units must be completed.
Please refer to the packaging rules for the full details of available options.
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| D721 | FNS50811 | Diploma of Integrated Risk Management | Qualification |
No information
Entry Requirements
Nil.
Traineeships and Apprenticeships