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AFCP8103 – Risk Measurement and Management

2024 – Term 4, In person-scheduled-infrequent, City

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff
Elizabeth Sheedy
elizabeth.sheedy@mq.edu.au
Credit points Credit points
10
Prerequisites Prerequisites
Admission to Master of Applied Finance or Graduate Diploma of Applied Finance
Corequisites Corequisites
Co-badged status Co-badged status
MMBA8148
Unit description 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.

Important Academic Dates

Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates

Learning Outcomes

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

  • ULO1: Apply a risk management framework to a range of risks and business contexts.
  • ULO2: Use, interpret and critique quantitative models for risk analysis.
  • ULO3: Effectively communicate complex risk management ideas, information and recommendations to a professional audience.

Assessment Tasks

Name Weighting Hurdle Due
Weekly activities 30% No Weekly
Final assessment 40% No Week 11
Risk Analysis & Presentation 30% No Week 8

Weekly activities

Assessment Type 1: Participatory task
Indicative Time on Task 2: 20 hours
Due: Weekly
Weighting: 30%

 

A variety of tasks/activities which may include quizzes, presentations, analytical tasks and participation.

 
On successful completion you will be able to:
  • Apply a risk management framework to a range of risks and business contexts.

Final assessment

Assessment Type 1: Practice-based task
Indicative Time on Task 2: 20 hours
Due: Week 11
Weighting: 40%

 

A time-constrained task based on scenarios. Open book.

 
On successful completion 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.

Risk Analysis & Presentation

Assessment Type 1: Case study/analysis
Indicative Time on Task 2: 30 hours
Due: Week 8
Weighting: 30%

 

Analysis and communication of business risk.

 
On successful completion you will be able to:
  • Use, interpret and critique quantitative models for risk analysis.
  • Effectively communicate complex risk management ideas, information and recommendations to a professional audience.

1 If you need help with your assignment, please contact:

  • the academic teaching staff in your unit for guidance in understanding or completing this type of assessment
  • the Writing Centre for academic skills support.

2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation

Delivery and Resources

See 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 (https://policies.mq.edu.au). Students should be aware of the following policies in particular with regard to Learning and Teaching:

Students seeking more policy resources can visit Student Policies (https://students.mq.edu.au/support/study/policies). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.

To find other policies relating to Teaching and Learning, visit Policy Central (https://policies.mq.edu.au) and use the search tool.

Student Code of Conduct

Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/admin/other-resources/student-conduct

Results

Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit connect.mq.edu.au or if you are a Global MBA student contact globalmba.support@mq.edu.au

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, including free online writing and maths support, academic skills development and wellbeing consultations.

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

The Writing Centre

The Writing Centre provides resources to develop your English language proficiency, academic writing, and communication skills.

The Library provides online and face to face support to help you find and use relevant information resources. 

Student Services and Support

Macquarie University offers a range of Student Support Services including:

Student Enquiries

Got a question? Ask us via the Service Connect Portal, or contact Service Connect.

IT Help

For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/. 

When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.

Unit information based on version 2024.02 of the Handbook