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The Diploma of Integrated Risk Management provides cross-industry competencies for specialist financial and related risk management activities in a range of organisations.

Course Structure

To be awarded the Diploma of Integrated Risk Management, students must complete five modules.

Pre-requisites

• Certificate IV in General Insurance (FNS15)
• CII Certificate in Insurance
• Diploma in Insurance
• Degree in Insurance

Price

AUD $650.00 PER MODULE

Compulsory Modules

RM501-15 Introduction to Risk Management

This module:

• provides you with an introduction to the theory of risk and begins to identify how the theory is applied in a practical context
• outlines the risk management policy and framework, which form the foundations of the risk management process
• provides you with an in-depth breakdown of the five phases of the risk management process, including:

o communicate and consult
o establish the context
o risk assessment
o treat risks
o monitor and review.

Learning Outcomes

Upon completion of this module, participants should be able to:

• identify and describe the risk management process
• identify and assess risk controls
• communicate with relevant stakeholders at each stage of the risk management process
• develop risk evaluation criteria
• assess current risk exposures
• compare risk exposures with organisational guidelines and external obligations
• analyse risk exposures using measurement criteria
• identify the scope sectors and responsibilities of the risk management sector
• identify and apply industry guidelines, procedures and legislation
• manage information and plan work within organisational requirements.

Competencies

• BSBRSK501 Manage risk
• FNSRSK501 Undertake risk identification
• FNSRSK502 Assess risks

Price

AUD $650.00

Duration

Standard (12 weeks)

Online Assignment

Pass Grade: students must be assessed as competent in all assignment questions

Online Exam

Pass Grade: 50%

Duration: 90min

 

RM502-15 Integrated Risk Management

This module aims to develop the knowledge and skills required to integrate risk management within a whole organisation, while working with management:

• principles
• practices
• structure
• language.

The module also explores the link between developing an organisational framework and the organisation’s:

• strategic planning
• aims
• management.

Learning Outcomes

Upon completion of this module, participants should be able to:

• identify the nature and principles of management
• explain the principles involved in the integration of the risk management process into an organisation’s holistic management practices
• outline the principles and practice of strategic planning and management
• analyse the management of risk as strategic opportunity in an organisation
• identify and outline the strategic framework required for implementing the management of risk in an organisation
• describe and apply core management skills
• understand the importance of reporting to integrate the management of risk and develop effective reports at all levels of management
• develop an organisational policy and risk management framework for the strategic management of risk exposures.

Competencies

• BSBMGT517 Manage operational plan
• BSBMGT605 Provide leadership across the organisation
• FNSORG502 Develop and monitor policy and procedures
• FNSORG508 Analyse and comment on management reports

Price

AUD $650.00

Duration

Standard (12 weeks)

Online Assignment

Pass Grade: students must be assessed as competent in all assignment questions

Online Exam

Pass Grade: 50%

Duration: 90min

RM503-15 Operational Management of Risk

Develops the knowledge and skills required to identify the interrelationship of operational areas within an organisation. Students will learn how to establish risk management processes across operational areas, identify risk exposures and develop a risk register. This module will also teach students how to develop, implement and monitor treatment plans.

Learning Outcomes

Upon completion of this module, participants should be able to:

• explain the concept of operational management, how organisations structure their operational areas, the significance of structural interdependence between those areas, and their organisational control through strategic and operational goals and planning
• describe past and present approaches to operational risk management
• identify and take steps to establish the context of operational risks
• identify operational risk exposures, write clearly expressed risk statements for the risks identified, and devise and apply a risk identification matrix and other risk identification techniques in operational settings
• describe and apply tools, techniques and strategies for analysing and treating operational risks
• explain how cost–benefit analysis techniques can be used in evaluating levels of risk in operational contexts and apply these to evaluating high and low risks and low losses
• identify a process for implementing and monitoring risk treatment actions and activities and integrate that process into operational environments
• describe and apply a systematic process for effectively integrating the management of risk into operational systems, culture and management.

Competencies

• BSBRSK401 Identify risk and apply risk management processes
• FNSRSK401 Implement risk management strategies

Price

AUD $650.00

Duration

Standard (12 weeks)

Online Assignment

Pass Grade: students must be assessed as competent in all assignment questions

Online Exam

Pass Grade: 50%

Duration: 90min

RM504-15 Management of Specific Risk Exposures

This module builds on:

• the risk management process
• its integration into management
• its application at an operational level.

The module also explores techniques and strategies for addressing risks associated with:

• undertaking projects
• events and outsourcing
• preserving reputation and financial performance
• assessing environmental occupational health and safety (OHS) impacts
• protecting against fraud.

*Note: It is recommended that students study RM504 concurrently with RMBF51 as there is some overlap in the content these modules cover.

Learning Outcomes

Upon completion of this module, participants should be able to:

• identify specific types of risk that may impact on the management of an organisation’s activities, such as:


o projects
o events
o environment
o finance
o information security and fraud
o occupational health and safety
o outsourcing
o privacy
o reputation

• explain the interrelationship of types of risk when managing risk holistically within an organisation

• describe how to identify, assess and treat specific types of risk
• outline critical issues relating to managing a specific type of risk
• identify tools, techniques and strategies for managing exposures to specific types of risk
• apply the ISO 31000:2009 risk management process, in simulated and real–world contexts, to addressing and managing exposures to specific types of risk.

Competencies

• BSBPMG415 Apply project risk management techniques
• BSBPMG517 Manage project risk

Price

AUD $650.00

Duration

Standard (12 weeks)

Online Assignment

Pass Grade: students must be assessed as competent in all assignment questions

Online Exam

Pass Grade: 50%

Duration: 90min

RMBF51-15 Business Fundamentals for Integrated Risk Management

This online unit describes the role of good customer service in building and maintaining the profitability of your organisation. The unit also describes how to identify, model and meet expected industry professional approaches to procedures, guidelines, policies, standards and ethical requirements.

In addition, this unit describes how to contribute to the implementation of strategies to control occupational health and safety risks.

This module has a workplace assessment in the form of a Workplace Skills Observation (WPO). The WPO is due within 6 weeks of you completing the online assessment.

*Note: It is recommended that students study RMBF51 concurrently with RM504 as there is some overlap in the content these modules cover.

Learning Outcomes

When you have completed this unit, you should be able to:

• identify the scope, sectors and responsibilities of the industry
• identify and apply financial services industry guidelines, procedures and legislation
• identify sustainability issues for the financial services industry
• manage information
• participate in and facilitate work team activities

• plan work to be completed, taking into consideration:

o time
o resources
o other constraints

• develop and maintain personal competency.

This unit also describes how to contribute to the implementation of strategies to control occupational health and safety risks.

Competencies

• BSBWHS404 Contribute to WHS hazard identification, risk assessment and risk control
• FNSINC401 Apply principles of professional practice to work in the financial services industry

Price

AUD $310.00

Duration

Open

Pass Grade: 75

 

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