Students

AFCP8103 – Risk Measurement and Management

2025 – Term 4, In person-scheduled-infrequent, City

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Adjunct Professor
John-Paul Monck
john-paul.monck@mq.edu.au
Contact via john-paul.monck@mq.edu.au
123 Pitt Street, Sydney NSW 2000
by appointment
Credit points Credit points
10
Prerequisites Prerequisites
Admission to MAppFin or GradDipAppFin
Corequisites Corequisites
Co-badged status Co-badged status
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.

General Assessment Information

Late Assessment Submission Penalty (written assessments) 

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). For example, for an assessment worth 30%, you receive a mark of 20/30 but your submission is late for 20 hours. With the late submission penalty applied, you will get a mark of18.5/30 (20-5%*30%).

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.

Assessment Tasks

Name Weighting Hurdle Due
Formal and Observed Learning: Final Examination 40% No Exam Period
Professional Practice: Risk and Control Assessment 20% No 30/11/2025
Professional Practice - Risk Analysis & Executive Presentation 40% No Week 10

Formal and Observed Learning: Final Examination

Assessment Type 1: Examination
Indicative Time on Task 2: 25 hours
Due: Exam Period
Weighting: 40%

 

The purpose of this assessment is for you to demonstrate the expertise you have gained in this unit.

You will participate in a 2-hour exam held during the University Examination period. Important information about the exam will be made available on the unit iLearn page. You should also review the MQ Exams website for general tips: https://students.mq.edu.au/study/assessment-exams/exams

Deliverable: Formal exam Individual assessment

 
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.

Professional Practice: Risk and Control Assessment

Assessment Type 1: Practice-based task
Indicative Time on Task 2: 20 hours
Due: 30/11/2025
Weighting: 20%

 

The purpose of this assessment is to equip you with practical experience in conducting a comprehensive risk and control assessment within a real-world business context.

You will identify and document a business process of your choice, develop a risk matrix outlining inherent and residual risks, and apply appropriate controls. You will need to justify the connection between regulatory obligations, identified risks, and implemented controls, showcasing your understanding of risk management principles in practice.

Skills in focus: - Critical thinking and problem solving - Discipline knowledge - Work Readiness

Deliverable: Written Report [max 3,000 words] Individual assessment

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

Professional Practice - Risk Analysis & Executive Presentation

Assessment Type 1: Case study/analysis
Indicative Time on Task 2: 25 hours
Due: Week 10
Weighting: 40%

 

The purpose of this assessment is for you to demonstrate your ability to take an enterprise-wide perspective on risk management and communicate complex risk scenarios to senior stakeholders.

You will conduct a comprehensive analysis of multiple material risk types affecting an organisation, evaluate their interconnected impacts, and present strategic recommendations to a Board or senior management audience. You will synthesise various risk management concepts and articulate potential implications across different risk categories including credit, market, liquidity, and operational risks.

Skills in focus: - Critical thinking and problem solving - Communication and - Work Readiness

Deliverable: Written report and Executive Presentation [max 4,000 words + 15-minute presentation] Individual assessment

 
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

As per iLearn

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/

Academic Success

Academic Success 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 2025.04 of the Handbook