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26 Nov
2019

Assessment name Risk Management Assessment – NO PLAGIARISM

Assessment cover sheet In order for your assessment to be marked you must complete and upload all tasks and this cover sheet via the AAMC Training Group portal.
November 26, 2019

Assessment name Complex Lending Assessment
November 26, 2019

Assessment cover sheetIn order for your assessment to be marked you must complete and upload all tasks and this cover sheet viathe AAMC Training Group portal. Your assessment tasks must be uploaded in an electronic format i.e.Word, Excel, PDF or Scan. A maximum of five (5) attachments (maximum 20MB each) can be uploadedfor this assessment. Please see the step-by-step instructions in your Member Area on how to uploadassessments.Student detailsCourse nameAssessment name Risk Management AssessmentSurnameGiven nameAddressPostcodeEmailPhonePhone (other)Current occupationIndustryYears in industry11/26/2019 52373 – Assessment cover sheetIn order for your assessment tohttps://www.australiabesttutors.com/Recent_Question/52373/Assessment-cover-sheetIn-order-for-your-assessment 3/8When you upload your assessment you will be asked to confirm that your assessment submission toAAMC Training is your own work and NOT the result of plagiarism or excessive collaboration, and thatall material used from any third party has been identified and referenced appropriately. AAMC Trainingmay conduct independent evaluation checks and contact your supervisor to discuss your assessment.Checklist of attachments:? Task 1 – Written activities? Task 2 – Project? Task 3 – Case study 1? Task 4 – Report? Task 5 – Case Study 2Please indicate style of course undertaken:? Face to face Trainer’s name:? Correspondence ? OnlineOnce your assessment has been uploaded it will be pending review with your nominated course assessorand marked within 5-10 working days. You will receive an email advising you have been marked as“satisfactory” or “additional information required”.If you have queries relating specifically to your assessment please log an ‘Assessment Query’ under theHELP tab on your Members Area dashboard and a Student Support officer will respond. Alternatively, ifyou have an administration query please go to ‘Admin Query’. For example: I am having trouble withuploading my assessments and require assistance – can you please help me with this?Should you need to speak to someone during office hours, please contact us by:Phone: +61 (03) 9391 3643 / +61 (0)8 9344 4088 OR Email: info@aamctraining.edu.auRISK MANAGEMENT ASSESSMENTCREDIT TRANSFERYou may be able to claim credit transfer for a unit/s of competency that you have previously completedwith AAMC Training or another RTO. If you have been awarded a record of result or statement ofattainment for any of the units detailed below then please go to the Credit Transfer tab in your LearningCentre and follow the prompts.This assessment relates to the following units of competency:• BSBRSK401 Identify risk and apply risk management processes• FNSRSK502 Assess riskPlease refer to AAMC Training’s full Recognition Policy for further details.IMPORTANT INSTRUCTIONS• Your answers to each of the tasks are to be typed into this document or supplied electronically anduploaded.• No assessment word count has been specified although you are expected to provide good quality answersto each of the questions.• Although some general discussion between students covering the assessment is allowed your responsesto each of the questions must be an individual effort.• PLEASE NOTE: AAMC Training only wants to see your own work. Please do not upload parts of thelearning guide or instructions on how to complete. When this extra information is uploaded it presentsunnecessary work for the assessors and in turn delays our assessment responses.Task 1 – Written activities1. Name the two categories of risk.122. Pure risk or speculative risk—which one can usually be mitigated by transferring the risk to anotherparty i.e. insurance company?Click here to enter text.3. What are the four steps in the risk management process?1.11/26/2019 52373 – Assessment cover sheetIn order for your assessment tohttps://www.australiabesttutors.com/Recent_Question/52373/Assessment-cover-sheetIn-order-for-your-assessment 4/82.3.4.4. In assessing credit risk from a single borrower, a lender must consider what three issues?1.2.3.5. The seven Cs analysis frame work is the most common of all expert systems. It involves examining theborrower using the seven key principles in lending; list them.1.2.3.4.5.6.7.6. What are the more common types of security?Click here to enter text.7. What does the PARSER analysis method consider?Click here to enter text.Task 2 – ProjectThis task requires you to identify and explain two risks under each category in the table below. These risksmust directly impact your business as a finance broker and those stakeholders involved both internally andexternally to your business. Please note: explaining a risk means that you must explain your answer. Forexample; just stating ‘’workplace injury’’ does not explain the actual risk you have identified. We wouldexpect to see for example: power cords lying across a workspace that people could trip over, as theidentified risk.a. Using the table below, make a list (minimum of two in each category) of what you perceive to be risksfor each of the key risk areas for Finance/Mortgage Industry representatives AND list who would be theinternal and external stakeholders in the risk identification process.Financial &Economic Stakeholder/s Manage Safety& Health Stakeholder/sInternal External Internal ExternalRegulatory/Legal Stakeholder/s Professionalism and Reputation Stakeholder/sInternal External Internal ExternalMarketing documentation Stakeholder/sInternal Externalb. Once completed; provide a brief commentary on your understanding of the Australian StandardAS/NZS ISO 31000:2009 Risk management — Principles and guidelines, i.e. definition and how it affectsyou as a Finance/Mortgage Industry representative.Task 3 – Case study 1You have an existing finance broking business which has grown over time. The business has several keystaff members including:• 1 Responsible manager• 1 Loan processor• 3 Finance brokers11/26/2019 52373 – Assessment cover sheetIn order for your assessment tohttps://www.australiabesttutors.com/Recent_Question/52373/Assessment-cover-sheetIn-order-for-your-assessment 5/8• 1 Personal assistant/office manager• 1 ReceptionistYou have been approached by a new client who is expanding his business operations into a franchiseopportunity and while he has not had his financials prepared by his accountant for the last two years, hewants to use the family home as security and obtain a loan. The client also informs you that he has a fairamount of cash available to assist in meeting the repayments if required.You are just about to meet him for the first time. Use the risk register below to identify and describe threepotential risks to your business, and three potential risks to the client arising from this proposal.Remember, when identifying risk, you need to consider both what can go wrong and how it can go wrong.Risk L C Risk rating(LxC) CommentsYour organisation’s risksClient risksTask 4 – ReportUsing the activity in Task 3 – Case Study 1, complete the following template. Select one of the risks fromthe risk register and develop an action plan for dealing with this risk. Consider all of the members in yourbusiness and how they may play a role in the various areas listed in the plan. Remember a preventativeaction is one that should stop the risk from occurring and corrective actions need to be considered after therisk has occurred to stop it from happening again. Monitoring and review actions are important to ensurethat the business is regularly checking their processes to prevent reoccurrences of the risk.Risk Item no Describe risk itemResponsible areaInitial assessment Likelihood Consequence RatingPREVENTATIVE ACTIONSTrainingOperationalManagerialResource requirementsResponsibilitiesCORRECTIVE ACTIONSTrainingOperationalManagerialResource requirementsResponsibilitiesMONITORING & REVIEW ACTIONSTask 5 – Case study 2In this Case Study you are the credit assessor for ABank. In your role as the credit assessor you arerequired to determine the risks associated with the scenario below. The following information is from aloan application submitted to ABank by an authorised credit representative:Applicant Single male applicant (29 years of age).Loan Details and Purpose Applicant wants to buy an investment property for $450,000 and borrow$405,000 plus LMI. A loan term of 15 years is requested with an Interest Only product.The Loan to Value Ratio (LVR is 90.00%);Credit History Applicant has 3 Consumer Payments Defaults listed in his Credit ReportResidence Is currently living at home with parents and is paying no rent. He does not have his own home.Employment/Income Applicant is a sub-contractor working in the mining industry for 2 years. The applicant’s income is$100,000 per annum.

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