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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
Performance Evidence
Knowledge Evidence
The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:
key features and purpose of standards for risk management as indicated by regulatorsthe key features of actuarial and financial principles and processes related to risk exposure strategiesindustry hazards and risk exposuresmethods of risk assessment, prevention, and applicationkey features of establishing risk acceptance criteria for low and high hazard risk areas, including meeting market conditions, and accepted levels of exposure within organisationskey organisational products and services, and associated risks and liability loss exposuresdifferent forms that strategy process implementation may take in an organisationinternal and external operational risksoperational capital managementtypes of inherent riskskey features of industry sector legislation, organisational and regulatory guidelines, and compliance requirements required to produce the performance evidenceorganisational policy, procedures, guidelines and authorities related to risk management.