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TMGT303 Risk Management

TMGT303 Risk Management
 Campus:  Australian Technology Park, Eveleigh, NSW 2015
 Units of Credit:  6
 Prerequisite or Corequisite:  Prerequisite: TMGT101
 EFTSL*:  0.125
 Indicative Contact Hours per Week:  4 
 Tuition Fee  See Tuition Fee Schedule
 Application Date:  See Key Dates
 Unit Overview:

This unit provides an introduction to risk management in institutions. It looks at why you need to manage risk, how you identify and managerisk, and current issues in risk management. The unit covers the impetus behind Enterprise Risk Management (ERM) and the related corporate governance. ERM is the process of recognising all the important risks facing an organisation and managing them to be within its risk appetite framework and overall risk strategies.

The unit creates an environment whereby students explain and explore the relationship between corporate governance, internal control and risk management. The unit deals with different stages within the overall risk management process. It examines internal and external influences separately.  It includes understanding/setting a risk appetite framework, governance (the role of the board and senior management, including the chief risk officer), developing a risk-aware culture in the organisation, remuneration policy, strategic risks and reputational risks. The unit also includes an introduction to operational risk (people, processes). Finally, regulatory frameworks for enterprise risk management will be explored in terms of high-level principles.

The course aims to increase students’ understanding of what is risk, how it can be identified, why it needs to be managed, and other emerging issues in risk management

 *EFTSL = Equivalent full-time study load