Comprehensive course analysis
Who should attend
- Those working in an AFMA member firm requiring accreditation.
- People seeking a Financial Markets Professional Credential perhaps with a view to working in Financial Markets.
- You do not need to be employed by a member organisation to participate.
- Those who want to gain specific skills offered by one of the six units.
- If you don’t work for an AFMA Member firm, to enrol you will need to have an undergraduate degree or two years professional work experience.
About the course
In partnership with the Australian Financial Markets Association (AFMA), the Macquarie Business School (MQBS) Financial Markets Certificate provides a benchmark industry-based qualification for individuals working within Australia’s traded financial markets. Successful completion of the MQBS Financial Markets Certificate provides a key milestone for accreditation by AFMA for financial markets professionals. The program also provides partial credit towards Macquarie Business School’s Graduate Certificate of Finance and, by extension, the Master of Applied Finance. The Program is designed to suit busy financial professionals with much of the content available online, complemented by live workshops designed to reinforce learning.
At the end of the program, participants will be able to:
- Critically assess the functions of financial markets and their environments to evaluate the implications for all relevant stakeholders.
- Analyse financial market products, their relevance and how to execute transactions within a risk management framework and in accordance with relevant regulation.
- Evaluate ethical issues and develop relevant actions using the AFMA ethical decision-making framework.
- Apply skills in a specified product area, selected from debt, foreign exchange or energy.
- Interact appropriately with clients and colleagues by using effective communication skills.
What you will learn
The MQBS Financial Markets Certificate consists of four units – participants must complete the three core units and one of three elective units.
All three of these will need to be completed
Financial Markets Concepts
This unit provides a broad overview of the Australian ‘over-the- counter’ and exchange-traded financial markets. It introduces financial market sectors, participants, and the economic environment. Participants will assess how the Reserve Bank of Australia’s monetary policies and the business cycle affect the money, bond, and FX markets. Leading economic indicators and their effects on economic output and financial markets are examined. Participants will analyse longer term macroeconomic developments and their effect on financial markets such as inflation targeting and quantitative easing.
Financial Markets Transactions
This unit provides an overview of the financial products traded in financial markets. Participants will identify the underlying key features of products, who uses them and how and why they are used. Participants will examine the deal lifecycle of a financial transaction to gain an appreciation of how to execute transactions and to recognise that institutions have their own specific requirements. Through the lens of regulatory frameworks, participants will review ongoing requirements of a general nature that govern how market participants should conduct themselves.
Risk Management Principles
This unit examines the risk landscape of Financial Markets in Australia and the principles that influence how this risk is managed. We examine the principles and practices used by institutions to manage financial market risks, and also the risk management services provided to clients by financial institutions. We outline the global risk management frameworks for banks and securities firms and we consider the risk management process defined in the international risk management standard and its application to financial markets and the risks arising in the deal lifecycle. We discuss the controls used to manage them including the client suitability framework applied by financial institutions to assess and manage clients.
Participants will select one of these:
This unit provides the foundational knowledge and skills required to work effectively in debt financial markets, within both regulatory and organisational requirements. The unit will equip you with an understanding of how debt markets operate, the primary debt products and how they are used by market participants. The processes for developing risk management strategies, pricing transactions, and managing trading exposures are also covered.
Foreign Exchange Markets
This unit provides individuals with a core framework of knowledge of the functioning of the FX market, the fundamental trading, advising and risk management skills. The unit outlines the structure of the foreign exchange market, the pricing and usage of various FX instruments, as well as strategies to manage FX exposures and provide appropriate advice to clients. Developments in global FX markets, including new global principles of good conduct in the foreign exchange market, are covered.
Energy Financial Markets
This unit examines Australian power markets. The unit describes the establishment and development of the national physical electricity market in Australia, and the resultant development of a financial market to manage the risks faced by its participants. The different financial market products available are described, along with their use and applications. This unit includes an exploration of the gas and environmental markets in Australia. It also examines changes occurring in the local power industry, pricing benchmarks and trading, and the impact of renewables.
How you will learn
Over the duration of your course, you will participate in online learning and live workshops utilising a custom built platform for your learning.
- Each unit runs over the course of six weeks. Estimated workload for each unit is 75 hours of time on task. This includes working on assessments, readings, etc.
- All four units need to be taken sequentially and can be completed within eight months and must be completed within 18 months unless otherwise approved.
- RPL may be available for Core units.
I am an educator and leader specialising in the financial system and risk management. I believe business strategy is vital to risk management and vice versa and work to ensure finance executives have the skills and knowledge to make this happen. If you want to learn more about how Macquarie Busi...
Lecturer at Macquarie University Applied Finance teaching subjects including corporate finance, markets, governance, and private capital. Provides independent research and strategy consulting with a focus on innovation and business analytics. Worked in the finance industry in strategy at Accentur...
Associate Professor Yvonne Breyer is an award-winning academic with expertise in online learning, curriculum development, student engagement, and digital transformation strategy. Yvonne has led several strategic initiatives with national and international reach. On the back of exceptional learner...
Videos and materials
Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.
We are happy to help you find a suitable online alternative.