List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

identify at least two risks relevant to own job role.

In the course of the above, the candidate must:

liaise and communicate with required persons for escalations

evaluate consequence of unmitigated risks for the organisation

analyse own work environment to identify anomalies that may indicate risk

critically assess data and processes in own work environment to identify risk.

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 risk management principles and practices, including:

risk tolerance, appetite, exposure, detection, and prevention

risk mitigation strategies and controls used for managing key financial markets risks

key steps of the risk management process

the three lines of defence

risk evaluation criteria

risk maps

prioritisation methods

residual risk

risk culture

organisational policies, procedures and operational guidelines relating to risk evaluation criteria and risk assessment

the effects of regulatory and technological change on the financial markets risk landscape

methods for identifying data and process anomalies

organisational policies and procedures for escalation of anomalies and risk events.

List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice	Yes	No	Comments/feedback
Research the main risks for financial markets
Analyse the impact of regulatory and technological changes on the financial markets risk landscape
Research risk mitigation strategies and controls used for managing key financial markets risks
Identify the key risks outlined in the risk management framework of the organisation
Identify individual role in relation to the three lines of defence
Identify key risks for the organisation relevant to own job role
Analyse the link between own Key Performance Indicators (KPIs) and the risk framework of the organisation
Critically analyse work tasks and processes to identify potential risks
Analyse controls used to detect and prevent risks associated with own job role
Assess anomalies in data or processes
Escalate anomalies in data or processes according to organisational policies and procedures
Record relevant information in relation to risk event, including any required actions
Monitor organisational risks within responsibility of own job role
Identify and research ongoing issues relating to financial markets organisational risk management frameworks
Monitor and respond to changes to risk management framework requirements and organisational procedures

Assessment Cover Sheet

FNSFMK524 - Conduct work within financial markets organisational risk management framework

Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

FNSFMK524 - Conduct work within financial markets organisational risk management framework

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: