Responsible Manager Fundamentals Course

What do responsible managers do?

Responsible managers are critical to a company demonstrating and maintaining its compliance and competence. ASIC expects RMs to play an active role in fostering a compliance culture in their business and in the financial services industry more broadly.

About our Responsible Manager Fundamentals Course

Our Responsible Managers Fundamentals is particularly ideal for financial services professionals seeking to boost their depth and breadth of regulatory knowledge before being considered for the role of responsible manager.

It is also suitable for other roles within an organisation for whom it would be valuable to learn:

  • What responsible managers do
  • The appropriate standard of knowledge and skills about AFS licensing responsible managers are required to have
  • The important, ongoing role responsible managers play in ensuring organisational competence.

Discover the knowledge and skills it takes to be an effective first line of defence for your organisation and positive driver of culture and conduct.

Program Content

  • Financial services regulation and licensing
  • Roles and responsibilities of a responsible manager
  • Application of cross-industry laws in financial services

Learning Outcomes

What you will learn

  • How the financial services industry is regulated in Australia
  • Conduct and disclosure obligations firms and their representatives must meet under financial services law and regulatory guidance
  • Other laws and standards that govern financial services activities, including consumer law, AML and Privacy
  • General obligations of Australian Financial Services Licensees
  • Attributes and responsibilities of a responsible manager
  • The role responsible managers play in ensuring the financial services organisation they work for operates compliantly.

Who is this course for?

  • Newly appointed responsible managers working in an organisation that holds an Australian Financial Services (AFS) licence
  • Participants wanting to understand the role of responsible manager within the context of AFS.

Units of Competency

Pre-requisite

Recognition of Prior Learning

Certification

On successful completion, participants will be awarded a Certificate of Attainment confirming they have successfully demonstrated knowledge of Responsible Manager Fundamentals.

No other accreditations or units of competency are awarded.

Discover our Responsible Manager Fundamentals

Download Brochure

Frequently Asked Questions

The assessment is an open book knowledge examination comprising of a 25 multiple-choice questions. You must achieve 80% in in order to pass the course. You will have three attempts.

Our course is self-paced with online learning resources & on-going support. You have 8 weeks from your enrolment date in which to complete this course. Experienced professionals can complete in less time.

To get started, either
  • Purchase your course online. (If checking out for your team, you can add multiple courses to the cart.) OR
  • Contact Us to arrange an invoice
Please note: Online orders may take up to 1 business day to be processed and for you to receive your course login details.  

To get started, either:
  • Purchase course/s online. (You can add multiple courses to the cart.) Please note: Online orders may take up to 1 business day to be processed and for your team to receive their course login details.
OR
Contact us for your Corporate Solution.
What will I learn in this workshop?2026-07-15T18:59:10+10:00

The workshop combines regulatory updates with practical compliance guidance, helping Responsible Managers better understand their obligations and strengthen their governance framework.

Topics include:

Credit regulation and licensing

Understand the current regulatory framework governing Australian Credit Licensees and ASIC’s expectations of Responsible Managers.

The role and responsibilities of a Responsible Manager

Explore what ASIC expects Responsible Managers to do in practice and how to effectively discharge your responsibilities.

Regulatory priorities

Understand the emerging issues and compliance risks currently attracting regulatory attention.

Recent ASIC regulatory outcomes

Review recent enforcement actions and regulatory outcomes with a focus on the role Responsible Managers played – and the lessons every licensee should learn.

Accountability and governance

Strengthen your oversight, governance and compliance framework through practical examples and proven approaches.

Managing your ongoing obligations

Learn practical tips for staying across your obligations, maintaining effective records and meeting your reporting responsibilities.

Financial Education Professionals acknowledges the Traditional Owners of Country throughout Australia. We pay our respects to Elders past, present and emerging.