Identify Risk Management Processes Mr Michael Jones Case Study Management Assignment Help

Assignment Task

Assessment cover sheet
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Student details
Course name Assessment name Risk Management Assessment
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Checklist of attachments:
? Task 1 – Case study 1 Parts A & B? Task 2 – Case study 2 Parts A & B? Task 3 – Case study 3 Parts A & B? Task 4 – Case study 4 Parts A & B
Please indicate style of course undertaken:
? Online ? Virtual Class ? Face to face (Trainer’s name: FORMTEXT ?????)
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RISK MANAGEMENT ASSESSMENT
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

Mr Michael Jones and Mrs Samantha Jones have operated and owned ‘The Best Finance Pty Ltd’ business for the last five years as an ACL holder. They currently have three brokers that work in the business, Mr Bill Mason the most recent to the business and three administration support staff.

Mr and Mrs Jones have recently completed an internal audit of files and noticed a breach by Mr Bill Mason. It appears a systematic issue was established for not advising commission charged in the credit proposal. Mr and Mrs Jones noted that all of Bill’s applications had this critical item missing.

Use the Risk Register below to identify and describe three (3) potential risks to the operation of the business, and three (3) potential risks to the client arising from this proposal. Remember, when identifying risk, you need to consider both what can go wrong and how it can go wrong. Note: The client risks in this case can be the client, broker, and the owners of the business.

Note: The Risk Register table in the learner guide lists Operational, Financial, Competitive and Client risks. However for this assessment task, we only require the operational and client risks to be completed. Refer to the learner guide for an example of what is required.