This workshop aims to provide Responsible Managers and their support staff, who have attended the Compact Responsible Manager course, with a review of their role as RMs with specific attention to particular regulatory issues facing Australian Financial Services Licensees.

Completion of the Compact Responsible Manager course is a prerequisite for undertaking this course.

This Advanced AFSL workshop focusses on identifying required competencies of RMs and strategies for developing them.  It also explores conflicts of interest, risk management frameworks, the role of RMs in fostering an appropriate culture and recent regulatory action.

Participants will be required to bring documentation to the training including their organisation’s full AFS licence, Financial Services Guide and Conflicts of Interest and Risk Management frameworks.

An outcome of this workshop will be the compilation of a Responsible Managers Kit including a strategic training plan and an RM checklist.

Learning Outcomes

• review the role and competencies of Responsible Managers;
• review key regulatory obligations in relation to the provision of financial services;
• identify the authorisations in their organisation’s AFSL for which they demonstrate the organisational competency;
• explain the conditions of their organisation’s AFS Licence.
• identify the competencies they require to discharge their role and develop a training programme to enhance these competencies;
• identify the financial services laws;
• consider and explain the role of the Responsible Manager in developing an appropriate compliance culture within the organisation;
• compile a checklist of actions or questions a Responsible Manager should be asking;
• identify actual or possible conflicts of interest and review strategies for their management;
• explain and utilise the process by which risks are managed in their organisation;
• identify and explain regulatory options available to ASIC.

What have people said about the RM Advanced training course?

• "The conversation style (was) very interactive, use of real examples, mind maps..." Leigh Watson (NAB)
• "Depth of knowledge, example use, real discussion." Nigel Greenaway (Eureka Funds Management)
• "Interactive nature of the programme." Kumar Kalyanakumar (Eureka Funds Management)
• "It was a comfortable learning environment with good interaction." Angelo Geronazzo (Consultum Financial Advisers)
• "Practical application. Great examples, obviously (a) very high level of knowledge." Kate Butterworth (Compliance Matters Pty Ltd)
• "(Use of) Mind Maps and worksheets - very practical." Stuart Abley (Consultum Financial Advisers)
• "I liked the programme because it made me think about issues I had not considered." Chris Morcom (Hewison & Associates Pty Ltd)
• "It was clear and concise and covered topics really well." Andre Bierenbroodspot ( Professional Adviser Alliance)

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