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FNS50315 Diploma of Finance and Mortgage Broking Management

In order to be deemed competent, you will need to evidence the ability to: Develop detailed broking options designed to maximise the client’s outcomes and reach client objectives which incorporate elements from research and which address complex needs and issues Identify and describe key assumptions upon which the plan is based Provide a detailed analysis of research strategies and findings Test and make appropriate checks on a proposed plan for its integrity and compliance Assess the impacts of taxation, social security, economic and other government policies on client investment and financial requirements Interpret and comply with industry regulations and codes of practice Identify the roles of associated financial advisers and work effectively with them Assess broking options, financial markets and investment characteristics Use appropriate sales and marketing methodologies and provide justification and research evidence Gain client feedback on and/or agreement to the plan  Prepare materials and personnel to effectively implement complex loan structures  Establish appropriate audit trails and effectively document records and data


It is known that the main objective of risk management is to restrict any unpleasant revelations. The process is in need of comprehensive listing of recognized risks. It is seen that categorising of risk is a particular way to group the risks under a general region which is helpful for a systematic and structured approach in recognising the risks with respect to a specific level of detail.

It is necessary to categorize risk as it provides a greater management concentration, enhancing the opportunities of recognising a wider risk ranges and thoughts that can be provoking (McNiff 2016). The categorization of risk provides an approach that is structured for the identification of risk with the help of which all the areas of risks are discovered and analysed without any fail.

It is seen that categorizing of risk enhances the efficiency and quality of risk recognition and evaluation of the processes. The risk grouping by highlighting the general root causes is helpful for the enhancing of the efficient responses of the risk. It is even seen that risk categorization aids in the assessment of risk with the help of interviews and meetings with the respondents who have been chosen for their knowledge regarding a relevant and particular risk category (Krueger and Casey 2014). Therefore, it can be said that risk categories provide increased capability for monitoring and controlling the risks that have been recognized and classified within the same root or region.

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