Ethics

FNSRSK511_AssessmentTask2of2Activity1.v1.0.docx

Activity 1: Conduct research and prepare for consultation.

This activity requires you to conduct research and prepare for consultation.

To do so, you are required to follow the steps given in Checklist 1 and complete the templates associated with each step.

The supervisor or trainer/assessor will:

· Supervise and observe the student performing this activity.

· Place a tick mark against each step given in the checklist after the student performs/implements the step.

· Sign off the checklist and ask the student for the submission of templates associated with each step.

For trainer/assessor: For the simulated environment

· The trainer/assessor or supervisor must ensure that the student is made familiar with the existing workplace practices used in the workplace.

· The trainer/assessor must ensure that the student has access to the following in the simulated workplace scenario:

· Office equipment, technology, software and consumables

· Computer

· Internet

· MS Office

· Printer or e-printer

· Team members

· Legislation, regulations and codes of practice applicable to risk management

· Standards for risk management as indicated by regulators.

· The trainer/assessor will take on the role of the lender.

· The trainer/assessor must ensure that the student has access to the internal stakeholders of the training organisation.

· The trainer/assessor take on the role of Operations Manager.

· The trainer/assessor will further assign two (2) finance team members to the student.

· The trainer/assessor will assign the role of the finance team members to the staff members of the organisation.

· The trainer/assessor must brief the finance team members regarding information given in the case study.

· The trainer/assessor must assess the student using the performance checklist provided.

Checklist 1: Conduct research and prepare for consultation.

Steps	Place a tick mark, once completed
Step 1: Identify stakeholders and provide information relevant to risk identification. · Identify finance team members. · Arrange a discussion session with the finance team members and provide information pertinent to the following aspects of risk identification. · Organisational processes to be examined to identify risks. · Existing risks and risk controls. · Further, record the information pertinent to the following aspects of risk identification using Template 1. · Organisational processes to be examined to identify risks. · Existing risks and risk controls.	·
Step 2: Investigate organisational processes to identify risks to which the organisation is vulnerable. · Engage with the team members assigned and examine the organisational processes and operations as specified in the case study. · Analyse the risk factors given in the case study. · Identify two (2) financial risks considering the volatile market. · Record the risks identified using the Excel Sheet provided along with this assessment task.	·
Step 3: In consultation with stakeholders, define the organisational environment and boundaries of review. Further, document the organisational environment and boundaries of review defined using Template 1.	·
Sign off: Supervisor’s signature: Sign-off date:

Template 1: Research related to organisational risks.

Research related to organisational risks.

Organisational processes to be examined to identify risks. (50-80 words)

Existing risks and risk controls. (100-150 words)

Organisational environment and boundaries of review (30-50 words)