The AFMA Financial Markets Program is the benchmark industry-based qualification for individuals working within Australia's traded financial markets.
The program usually comprises two modules, which are completed via a combination of online activities, self-study and assessment.
You need to complete:
Assessment consists of an assignment and skills assessment for each module in the program.
Depending on the focus of your job and your firm’s compliance requirements, you can choose to enrol in an Advising, Dealing, or Operations stream. Your assessment is then customised to reflect the different focus of these roles.
The Advising stream is for individuals in client advisory roles who require specific compliance with ASIC RG146 (it also provides compliance with RG105). Please review the professional standards for financial advisers - reforms regarding the new obligations for relevant providers to determine whether the advising stream is suitable for your circumstances.
The Dealing stream is for individuals in non-client facing dealing room roles who may also require compliance with RG 105.
The Operations stream is for individuals working in an operations role who require skills and knowledge in operations processes.
The Financial Markets Program is designed for individuals currently working in traded financial markets who are looking for formal recognition of their skills and knowledge. It is open to both member and non-member organisations.
For participants who have relevant experience or previous training, there are a number of alternatives to completing the full public program. See the Alternative Completion Information Kit for further details, and then contact the AFMA Education team if you would like to pursue this option.
The entire program will provide you with a foundation level of knowledge about traded financial markets. By the time you have successfully completed it, you will be equipped to:
AFMA provides a maximum of 18 months to complete the full FNS51015 Diploma of Financial Markets (from date of initial registration) or 9 months if you intend on completing one module only (from date of initial registration).
It is important to note that AFMA has structured each module so that it should be completed in a time frame of 4 months
When you successfully complete the program you will achieve one or more of the following: