Responsible Managers

Responsible Managers


Australian Financial Services Licence Responsible Managers Advanced

21 November 2019

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Advanced AFSL Responsible Managers

You can register now for any of our Responsible Manager Advanced courses by clicking the relevant course listed in the left column of this page under the heading Courses.

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 Responsible Managers 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 Responsible Managers and strategies for developing them.  It also explores conflicts of interest, risk management frameworks, the role of Responsible Managers 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 a Responsible Manager checklist.

Learning Outcomes

As a result of this course, the participants should be able to:
  • review the role and competencies of Responsible Managers;
  • review key regulatory obligations in relation to the provision of financial services;
  • identify all the authorisations in their organisation’s AFSL and those authorisations 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 (the 'RM dashboard');
  • 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; and
  • identify and explain regulatory enforcement options available to ASIC.


What have people said about the Responsible Manager Advanced training course?

  • "It helped bring all areas together and point to specifics of the Act or ISO.  We will review the current process and training guidelines with 'new eyes'." Sonja Sandral (Moneytech Ltd) 
  • "I liked the workshop aspects - comprehensive mindmaps!!  The programme is a great refresher on the regulatory requirements.  Very informative session - thank you!!" Peta de Michele (Moneytech Ltd) 
  • "The conversation style (was) very interactive, use of real examples, mind maps..." Leigh Watson (National Australia Bank)
  • "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)