BSB51915: Australian & New Zealand Risk Management Standard - L&M Bank - Business Management Assignment help

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Business Management Assignment Help

Task: 1 Your assessment this week is to research and prepare a risk assessment action plan for the opening up a new branch for L&M Bank. This action plan will include assessment tasks 1-4 and will be developed over the next three weeks.

Task Part 1  Principles of Risk Management

1. Creates and protects value

2. Be an integral part of organisational processes

3. Be part of decision making

4. Explicitly address uncertainty

5. Be systematic, structured and timely

6. Based on best available information

7. Be tailored

8. Take into account human and cultural factors

9. Be transparent and inclusive

10. Be dynamic, iterative and responsive to change

11. Facilitate the continual improvement of organisations Part 2 - Risk Management Process

• Organisation Policies and Procedures that provide guidance
• Scope of risk management process/activity

1. financial risks
2. people risk
3. systems and technology risk

•  Communication strategy

1. Internal & External Stakeholder
2. Consultation Process
3. Risk Management Strategy
4. Timeframes, resources, roles, responsibility, record keeping
5. Internal Context – goals – objectives – culture to risk, capability
6. External Context - political, economic, social, legal, technological

Task: 2 Your assessment this week is the second part of the action plan for the opening up a new branch for L&M Bank. Following your research in the previous task, prepare a report based on the L&M bank branch which: 1. Outlines the broad risk areas that have been identified that apply to the scope. 2. Determine the potential impact of risks.

Task: 3 Analyse Risks Your assessment this week is the third part of the action plan for the opening up a new branch for L&M Bank. Following your research in the previous task, prepare a report that: 1. Categorises the likelihood of risk occurring. 2. Determines the consequences or end results if the risk occurs 3. Establishes which risks are most significant and prioritises for treatment accordingly.

Task: 4 Select and Implement Treatment of Risks Your assessment this week is the fourth part of the action plan for the opening up a new branch for L&M Bank. Following your research in the previous task, prepare a report that includes: 1. A plan for implementation including a proposed review and evaluation schedule 2. An outline of how you will communicate the process 3. How and where your plans will be stored, in accordance with organisational guidelines (e.g. intranet or information management system).

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