Unit of competency Outline

Date retreived
23/07/2026 7:36 AM AWST

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Analyse risk mitigation in the operations process

Analyse risk mitigation in the operations process

Unit of competency
National Code
FNSFMK517
State Code
OBR83
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
01/07/2020
View on TGA
State Implementation and Classification
Approved Date
02/10/2020
Field of Education
080399 - Business And Management, N.e.c.
Original Release Date
02/10/2020
Nominal Hours
55
Description
This unit describes the skills and knowledge required to analyse risks in the financial market operations process and determine appropriate mitigation and treatment methods.It applies to individuals with highly specialised knowledge who use analytical skills and systematic approaches to make judgements and provide organisational advice relating to risk.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the relevant regulator for specific guidance on requirements.
Notes
Elements and Performance Criteria
1. Determine financial market operation risk profiles
  • 1.1 Identify types and characteristics of financial market risks relevant to the operations process of the organisation
  • 1.2 Analyse operations processes to detect risk
  • 1.3 Assess operations processes of the organisation for exposure to identified financial market risks using existing measures and relevant risk measurement techniques and tools
  • 1.4 Rank identified risks against likelihood and organisational impact
2. Develop risk mitigation strategy
  • 2.1 Consider risk mitigation options and treatments for each risk identified in operations process
  • 2.2 Select appropriate treatment options
  • 2.3 Determine financial and non-financial costs and benefits arising from treatment options
  • 2.4 Review adequacy of existing controls, and establish need for additional or alternative controls
3. Develop risk mitigation recommendations
  • 3.1 Identify and establish personnel and resources necessary to carry out actions
  • 3.2 Develop viable recommendations to management to mitigate organisational risks
  • 3.3 Establish key indicators to monitor the effectiveness of the risk mitigation process
No information
No information
Replaces
State Code National Code Title Type
AUR20 FNSFMK507 Analyse risk mitigation in the operations process Unit of competency
State Code National Code Title Type
BFF3 FNS51020 Diploma of Financial Markets Qualification
BHU2 FNS51022 Diploma of Financial Markets Qualification