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RM Program: Risk Management

This module provides an overview and understanding of the risk management structure required for AFS licensees. It discusses the key areas of risk for licensees, and guides participants through the management process, based on internationally recognised standard ISO 31000 'Risk Management'.

PROGRAM: Responsible Managers Program
TITLE: Risk Management
FEE: See program fees
Sydney May 28, 2019
9:00am - 1:00pm
Sydney Aug 27, 2019
9:00am - 1:00pm
Sydney Nov 26, 2019
9:00am - 1:00pm

About the Speaker

Susan Campbell, Consultant, Argyll Financial & Treasury Consultants

Susan Campbell is a leading risk management expert with substantial experience in senior roles in the finance and corporate sectors. Susan worked for many years with major banks in Melbourne and London as a treasury advisor to Australian and international firms before a subsequent appointment to the role of the Treasurer for Sussan Corporation, a large Australian property and retail group. She has also held a senior lecturer position at RMIT University.

For the last 20 years Susan has run a successful consulting business, ARGYLL, specialising in treasury operations, transactional banking, risk management and internal controls. She also presents and writes for various professional bodies in Australia and overseas.

Susan is a non-executive director of Heritage Bank and Benetas Aged Care and serves on their risk committees. Her role at Heritage Bank, Australia’s largest member-owned bank, gives Susan direct experience and insight into the role of good risk management in financial institutions.

Who is it for?

This module is suitable for individuals who have been nominated as an RM on their organisation’s AFS licence, for a firm operating in Australian financial markets and are:

  • seeking to build their skills and knowledge in risk management specifically for AFS licensees
  • working for AFMA member organisations and requiring industry accreditation
  • seeking to satisfy regulatory training requirements (for RG 105 or RG 146)
  • seeking a nationally recognised workplace qualification in finance
  • aspiring to further their career or to increase their knowledge in the area.

What will you learn?

By the end of this module you should be able to:

  • identify and explain the key risks facing AFS licensees (compliance, market, credit, liquidity and operational) and apply these to your own organisation
  • describe the purpose and effect of Australian and international standards and international principles relating to risk management
  • define the main terminology used in risk management
  • evaluate and assess the risks facing your organisation
  • describe and implement the ISO 31000 risk management process, adapted to your organisation’s circumstances
  • evaluate and assess strategies/processes and systems for managing risk within your area
  • develop and implement strategies/processes and systems for managing risk in your area.

What is the workload?

The estimated workload for this module includes:

  • four hours of workshop attendance
  • completion of the self-study manual
  • completion of the assessment (see below for more details)

What is the assessment?

There are two assessment components for this module:

  • in practice exercises. Completion of short-answer activities that develop your understanding of how your organisation manages risk as an AFS licensee.
  • workplace research project. You are to identify a risk and to use an appropriate risk management framework to develop and recommend a risk treatment alternative.

What do you achieve by completing this module?

You will be awarded a Statement of Attainment when this module is successfully completed, as partial completion of the FNS60715 Advanced Diploma of Financial Licensing Management. To achieve the Advanced Diploma, you need to also complete module 1 - Role & Obgliations.


This entire program was great.

The interaction with the other participants with different backgrounds was quite useful.

The practical exercises were very good.

The clinic gave me some good ideas for risk management in our company.