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:

implement at least three controls relevant to own area of operation and responsibilities to comply with organisational risk management strategies

report at least two risk management breaches or concerns of differing severity according to organisational policy and procedures.

In the course of the above, the candidate must:

establish processes to monitor, audit and review application of risk management strategies.

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 principles of risk management

the key features and purpose of key standards for risk management as indicated by regulators

methods for accessing and interpreting organisational strategy, policy and procedures

methods for identifying and treating organisational risks, and risks within the candidate’s own area of operation and responsibility

key risk management strategies, controls, treatments and practices relevant to own area of operation and responsibility

methods for identifying and applying controls for cross-organisation risk

methods for identifying, recording evidence and reporting risk management or compliance breaches or concerns

industry whistle-blower protections for challenging and reporting risk management or compliance breaches or concerns

techniques for auditing and reviewing risk strategy implementation

organisational tools, strategies, policy, and procedures relating to risk management and compliance

key financial services legislation and regulation required to produce the performance evidence.

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 organisational, legislative and regulatory requirements and standards for risk management as indicated by regulators applicable to own job role
Access and interpret organisational strategy, policy and procedures for risk management
Clarify and confirm own risk management accountabilities and responsibility with key stakeholders as required
Determine appropriate organisational strategies and tools for controlling risks in own job role
Determine appropriate tools and strategies for controlling risk where own job role intersects with work of others
Choose and apply tools and strategies to own area of operation and responsibility
Identify and record evidence of a breach or concern
Determine organisational procedure to follow in event of breach or concern
Report breach or concern as indicated by organisational procedure
Record notification of breach or concern according to organisational procedure
Establish regular processes to monitor, audit and review application of risk management strategies to own work practice
Identify opportunities for improvements in risk management strategies and recommend to appropriate stakeholders according to organisational procedure

Assessment Cover Sheet

FNSRSK411 - Apply risk management strategies to own work

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

FNSRSK411 - Apply risk management strategies to own work

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: