Undertake risk identification

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver FNSRSK501, 'Undertake risk identification'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Undertake risk identification' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Communicate with relevant internal and external stakeholders at each stage

1.1 Identify stakeholders and provide information pertinent to financial and legislative risk identification

1.2 Seek out and record views of stakeholders

1.3 Explain use of Australian Risk Management Standards in risk identification and risk control

2. Identify and describe risk

2.1 Define organisational environment and boundaries of review in consultation with stakeholders

2.2 Identify risk cluster elements and describe risks clearly to stakeholders

2.3 Obtain information on risks as identified by stakeholders

3. Identify and assess controls

3.1 Identify existing controls and evaluate their effectiveness

3.2 Establish need for additional or improved controls

3.3 Recommend amendments to existing controls and report need for new controls if required


Qualifications and Skillsets

FNSRSK501 appears in the following qualifications:

  • FNS51710 - Diploma of Applied Anti-Money Laundering and Counter Terrorism Financing Management
  • FNS60710 - Advanced Diploma of Financial Licensing Management
  • FNS60810 - Advanced Diploma of Financial Risk Management
  • FNS50810 - Diploma of Financial Risk Management
  • FNS51610 - Diploma of Securitisation
  • FNS51110 - Diploma of General Insurance
  • FNS60711 - Advanced Diploma of Financial Licensing Management
  • FNS50311 - Diploma of Finance and Mortgage Broking Management
  • FNS50811 - Diploma of Integrated Risk Management
  • FNS51611 - Diploma of Securitisation
  • FNS51811 - Diploma of Financial Services
  • FNS50315 - Diploma of Finance and Mortgage Broking Management
  • FNS51115 - Diploma of General Insurance
  • FNS51715 - Diploma of Applied Anti-Money Laundering and Counter Terrorism Financing Management
  • FNS50815 - Diploma of Integrated Risk Management
  • FNS60715 - Advanced Diploma of Financial Licensing Management
  • FNS51815 - Diploma of Financial Services
  • FNS51615 - Diploma of Securitisation
  • FNS51215 - Diploma of Insurance Broking
  • FNS50115 - Diploma of Personal Injury Management
  • FNS51915 - Diploma of Personal Injury and Disability Insurance Management