Students

AFCP8103 – Risk Measurement and Management

2026 – Term 2, Online-scheduled-weekday

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
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 Submission Penalties  (written assessments) 

If you submit your assessment late, 5% of the total possible marks will be deducted for each day (including weekends), up to 7 days. Submissions more than 7 days late will receive a mark of 0.

Example 1 (out of 100):

If you score 85/100 but submit 20 hours late, you will lose 5 marks and receive 80/100.

Example 2 (out of 30):

If you score 27/30 but submit 20 hours late, you will lose 1.5 marks and receive 25.5/30.

Extensions

Automatic short extension: Some assessments are eligible for automatic short extension. You can only apply for an automatic short extension before the due date. Special Consideration: If you need more time due to serious issues and for any assessments that are not eligible for Short Extension, you must apply for Special Consideration. Need help? Review the Special Consideration page for further details:  https://students.mq.edu.au/study/assessment-exams/special-consideration’

Assessment Tasks

Name Weighting Hurdle Due Groupwork/Individual Short Extension AI Approach
Formal examination 40% No Exam Period Individual No Open
Professional practice: Risk analysis & executive presentation 40% No 13/06/2026 Individual No Open
Professional practice: Risk and control assessment 20% No 02/05/2026 Individual No Open

Formal examination

Assessment Type 1: Examination
Indicative Time on Task 2: 25 hours
Due: Exam Period
Weighting: 40%
Groupwork/Individual: Individual
Short extension 3: No
AI Approach: Open

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. 

Deliverable(s): 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 analysis & executive presentation

Assessment Type 1: Professional task
Indicative Time on Task 2: 25 hours
Due: 13/06/2026
Weighting: 40%
Groupwork/Individual: Individual
Short extension 3: No
AI Approach: Open

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 skills
  • Work readiness

Deliverable(s): Written report [max 4000 words] and executive presentation (15 min)

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.

Professional practice: Risk and control assessment

Assessment Type 1: Problem-based task
Indicative Time on Task 2: 20 hours
Due: 02/05/2026
Weighting: 20%
Groupwork/Individual: Individual
Short extension 3: No
AI Approach: Open

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(s): Written Report [max 3000 words]

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

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
  • Academic Success 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.

3 An automatic short extension is available for some assessments. Apply through the Service Connect Portal.

Delivery and Resources

Week Topic Activity
1 Introduction Zoom Class Thursday 9 April 2026 6pm
2 Market Risk (Block) 18 and 19 April 2026 9am - 3pm. 
3 Risk Management Process via iLearn
4 Strategic Risk Zoom Class 30 April 2026 6pm
5 Capital and Liquidity Zoom Class 7 May 2026 6pm
6 Risk Governance and Culture Zoom Class 14 May 2026 6pm
7 Operational Risk (block) 23 and 24 May 2026 9am - 3pm. 
8 Credit Risk via iLearn
9 Accountability and Remuneration Zoom Class 4 June 2026 6pm
10 Review Zoom Class 11 June 2026 6pm

 

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.

Changes since First Published

Date Description
30/03/2026 Location update only.
27/03/2026 Correction to schedule to reflect online only mode.

Unit information based on version 2026.04 of the Handbook