Program Overview

AFCP8103 – Risk Measurement and Management

Unit Description

The purpose of risk management is the creation and protection of value. It improves performance, encourages innovation and supports the achievement of objectives. Risk management refers to activities that direct and control an organisation in terms of risk, including the identification, analysis, treatment, monitoring, communication of risk. This unit addresses all these elements, using an established risk management framework based on international standards. The framework is applied to a range of risks (e.g. financial, operational, conduct, strategic) and contexts. It also addresses the systems of risk governance in an organisation to ensure that risk management is effective, with a special focus on risk and ethical culture.

General Information

• Unit convenor and teaching staff: Adjunct Professor John-Paul Monck
• Credit points: 10
• Prerequisites: Admission to MAppFin or GradDipAppFin
• Corequisites: None
• Co-badged status: None

Learning Outcomes

On successful completion of this unit, you will be able to:

• Apply a risk management framework to a range of risks and business contexts.
• Use, interpret and critique quantitative models for risk analysis.
• Effectively communicate complex risk management ideas, information and recommendations to a professional audience.

Assessment Tasks

• Weekly activities: 30% (Participatory task, due weekly)
• Final assessment: 40% (Practice-based task, due Week 11)
• Risk Analysis & Presentation: 30% (Case study/analysis, due Week 8)

Assessment Details

Weekly Activities

• Assessment Type: Participatory task
• Indicative Time on Task: 20 hours
• Due: Weekly
• Weighting: 30%
• Description: A variety of tasks/activities which may include quizzes, presentations, analytical tasks and participation.

Final Assessment

• Assessment Type: Practice-based task
• Indicative Time on Task: 20 hours
• Due: Week 11 (Exam Week)
• Weighting: 40%
• Description: A time-constrained task based on scenarios. Open book.

Risk Analysis & Presentation

• Assessment Type: Case study/analysis
• Indicative Time on Task: 30 hours
• Due: Week 8
• Weighting: 30%
• Description: Analysis and communication of business risk.

Delivery and Resources

As per iLearn.

Unit Schedule

• Week 1: Introduction
• Week 2: Risk management process
• Week 3: Market Risk (Block)
• Week 4: Strategic Risk
• Week 5: Capital and Liquidity
• Week 6: Risk Governance and Culture
• Week 7: Operational Risk (Block)
• Week 8: Credit Risk
• Week 9: Accountability and Remuneration
• Week 10: Review

Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central. Students should be aware of the following policies in particular with regard to Learning and Teaching:

• Academic Appeals Policy
• Academic Integrity Policy
• Academic Progression Policy
• Assessment Policy
• Fitness to Practice Procedure
• Assessment Procedure
• Complaints Resolution Procedure for Students and Members of the Public
• Special Consideration Policy

Academic Integrity

At Macquarie, we believe academic integrity – honesty, respect, trust, responsibility, fairness and courage – is at the core of learning, teaching and research. We recognise that meeting the expectations required to complete your assessments can be challenging. So, we offer you a range of resources and services to help you reach your potential.

Late Assessment Submission Penalty

Unless a Special Consideration request has been submitted and approved, a 5% penalty (of the total possible mark) will be applied each day a written assessment is not submitted, up until the 7th day (including weekends). After the 7th day, a grade of '0' will be awarded even if the assessment is submitted. Submission time for all written assessments is set at 11.55pm. A 1-hour grace period is provided to students who experience a technical concern.

For any late submissions of time-sensitive tasks, such as scheduled tests/exams, performance assessments/presentations, and/or scheduled practical assessments/labs, students need to apply for Special Consideration.