Risk Management Assessment

Risk Management Assessment
Assessment cover sheet
In order for your assessment to be marked you must complete and upload all tasks
and this cover sheet via the AAMC Training Group portal. Your assessment tasks must
be uploaded in an electronic format i.e. Word, Excel, PDF or Scan. A maximum of five (5)
attachments (maximum 20MB each) can be uploaded for this assessment. Please see the
step-by-step instructions in your Member Area on how to upload assessments.
Student details
Course name
Assessment name Risk Management Assessment
Surname Given name
Address Postcode
Email
Phone Phone (other)
Current occupation
Industry Years in industry
When you upload your assessment you will be asked to confirm that your assessment
submission to AAMC Training is your own work and NOT the result of plagiarism or excessive
collaboration, and that all material used from any third party has been identified and
referenced appropriately. AAMC Training may conduct independent evaluation checks and
contact your supervisor to discuss your assessment.
Checklist of attachments:
☐ Task 1 – Written activities
☐ Task 2 – Project
☐ Task 3 – Case study 1
☐ Task 4 – Report
☐ Task 5 – Case Study 2
Please indicate style of course undertaken:
☐ Face to face Trainer’s name:
☐ Correspondence ☐ Online
Once your assessment has been successfully uploaded it will be pending review with your
nominated course assessor. Your assessor will mark your assessment and you will receive an
email advising you if you have been assessed as satisfactory. If you are marked as not yet
satisfactory you will be contacted and asked to provide additional information or re-visit the
assessment and re-upload your amended case study or written tasks.
Please contact us if you need assistance with your assessment:
Office: [phone] / [phone] Email: [e-mail]
Assessment V2.3 © AAMC Training Group A1

Risk Management Assessment
RISK MANAGEMENT ASSESSMENT TASKS
CREDIT TRANSFER
You may be able to claim credit transfer for a unit/s of competency that you have previously
completed with AAMC Training or another RTO. If you have been awarded a record of result
or statement of attainment for any of the units detailed below then please go to the Credit
Transfer tab in your Learning Centre and follow the prompts.
This assessment relates to the following units of competency:
 BSBRSK401 Identify risk and apply risk management processes
 FNSRSK502 Assess risk
Please refer to AAMC Training’s full Recognition Policy for further details.
IMPORTANT INSTRUCTIONS
 Your answers to each of the tasks are to be typed into this document or supplied
electronically and uploaded.
 No assessment word count has been specified although you are expected to provide good
quality answers to each of the questions.
 Although some general discussion between students covering the assessment is allowed
your responses to each of the questions must be an individual effort.
 PLEASE NOTE: AAMC Training only wants to see your own work. Please do not upload
parts of the learning guide or instructions on how to complete. When this extra information
is uploaded it presents unnecessary work for the assessors and in turn delays our
assessment responses.
Task 1 – Written activities
1. Name the two categories of risk.
1
2
2. Pure risk or speculative risk—which one can usually be mitigated by transferring the risk
to another party i.e. insurance company?
Click here to enter text.
3. What are the four steps in the risk management process?
1.
2.
3.
4.
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Risk Management Assessment
4. In assessing credit risk from a single borrower, a lender must consider what three issues?
1.
2.
3.
5. The seven Cs analysis frame work is the most common of all expert systems. It involves
examining the borrower using the seven key principles in lending; list them.
1.
2.
3.
4.
5.
6.
7.
6. What are the more common types of security?
.
7. What does the PARSER analysis method consider?
Click here to enter text.
Assessment V2.3 © AAMC Training Group A3

Risk Management Assessment
Task 2 – Project
This task requires you to identify and explain two risks under each category in the table
below. These risks must directly impact your business as a finance broker and those
stakeholders involved both internally and externally to your business. Please note: explaining
a risk means that you must explain your answer. For example; just stating ‘’workplace injury’’
does not explain the actual risk you have identified. We would expect to see for example:
power cords lying across a workspace that people could trip over, as the identified risk.
a. Using the table below, make a list (minimum of two in each category) of what you perceive
to be risks for each of the key risk areas for Finance/Mortgage Industry representatives
AND list who would be the internal and external stakeholders in the risk identification
process.
Financial &
Economic
Stakeholder/s Manage Safety
& Health
Stakeholder/s
Internal External Internal External
The borrower’s
credit risk refers to
the potential failure
to respond to the
agreement
requirements by
being unable to pay
the loan installments
and/ or its interest.
The brokers,
managers and
administrativ
e staff.
Customers Communities with
a larger share of
rented homes are
likely to be low
cared for because
the properties'
value are related to
the quality of the
community.
Managers Customers
, children
& aged
people
The potential risk of
bonus associated
with and campaign-
commissions that
should be paid by
the lenders. It might
result in a conflict of
interests and lead to
putting good
customer outcomes
at risk.
Children of rented
homes are less
likely to stay in
school for longer
years compared to
children of
homeowners.
Home rentals does
not provide older
people the health
care facilities
including
institutional care.
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