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Follow the links below to find material targeted to the unit's elements, performance criteria, required skills and knowledge

Elements and Performance Criteria

1. Analyse financial market operation risk profiles
   • Determine types and characteristics of financial market risks relevant to organisation’s operations process
   • Analyse operations processes to detect risk
   • Assess organisation’s operations processes for exposure to identified financial market risks using existing measures and relevant risk measurement techniques and tools
   • Rank identified risks against likelihood and organisational impact
2. Identify risk mitigation strategy
   • Consider risk mitigation options and treatments for each risk mitigation identified in operations process
   • Select appropriate treatment options, and financial and non-financial costs and benefits arising from treatment options
   • Review treatment priorities and adequacy of existing controls, and establish need for additional or alternative controls
3. Develop risk mitigation recommendations
   • Identify and establish personnel and resources necessary to carry out actions
   • Develop viable recommendations to management for each stage of treating organisational risks
   • Determine key indicators of progress and success
   • Develop monitoring system for effectiveness of risk treatments

Performance Evidence

Evidence of the ability to:

analyse operations processes to detect risks

effectively apply risk management principles and practices

analyse risks and determine appropriate mitigation strategies

develop sound recommendations on risk mitigation.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

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Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

describe key features of financial markets products and services

outline the key financial markets risks

outline organisational operations processes and operations processing systems

compare methods of determining suitability of risk treatment options for particular applications

describe key features of relevant financial services legislative and industry code or practice requirements

compare and contrast risk analysis techniques and tools

discuss issues relating to the range of possible financial risk treatment options

describe the key types and characteristics of financial markets risk arising in the operations process.

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