Future Students - Courses

Risk Management and Compliance

Unit Code: MBM530

Duration	Contact Hours	Campus	Prerequisite	Corequisite
12 weeks or equivalent	36 hours or equivalent	Hawthorn, Online	Nil	Nil

Credit Points: 12.5 Credit Points

Related Course/s:

This unit is a core unit for the Graduate Certificate of Business Management (Risk Management).

The graduate certificate programs form the first year of the Master of Business Management .

Aims & Objectives:

This unit aims to provide students with a broad understanding of the frameworks, concepts and roles of corporate governance, compliance and control within the context of managing risk across the organisation. Students will also understand the methodologies, tools and techniques used for auditing and reporting as applied to risk management.

The aims of this subject are to:

Define corporate governance, accountability and compliance as they relate to risk
Critique risk and compliance models in context
Identify the operation of the Australian legislative and regulatory frameworks as they relate to compliance and risk in context
Extend an understanding of risk and compliance frameworks and policies in an international context
Identify codes of practice, principles and standards of compliance and risk management as appropriate to context
Identify the requirements of risk reporting and auditing practices on a case by case basis

Assessment:

Individual assignment/report (30-50%)

Case-based project (30-50%)

Group-based online discussion (10-30%)

Generic Skills Outcomes:

Swinburne University of Technology works to produce higher education graduates who are capable in their chosen professions, can contribute in an entrepreneurial and innovative way within their workplace or community, can operate effectively and ethically in their business life, and are adaptable and able to manage change. It is expected that graduates will leave with a diverse wealth of experiences and will have developed individual knowledge, abilities and attitudes commensurate with professional standards appropriate to the business and wider community.

Within this context it is the intention that this program will enable students to develop the following skills:

Teamwork skills
Analytical skills
Business research skills appropriate to addressing managerial challenges and problem solving
Problem solving and decision making skills
Communication skills
Reporting and presentation skills
Strategic thinking skills
Ability to work independently
Ability to address unfamiliar problems
Ability to engage in critical enquiry and discussion
Ability to identify and address ethical matters in business

Content:

Definitions and concepts of corporate governance, responsibility, accountability, compliance and control in relation to risk
The nature of risk management and compliance and the impact across the organisation
Risk and compliance models
Compliance, legislative and regulatory framework
Social responsibility and responsiveness – the law and ethics
Implications of international risk and compliance frameworks and principles for multinational organisations
Codes of practice, principles, standards and recommendations to manage risk
Risk auditing and reporting frameworks, requirements and practices

Reading Materials:

Hillson, D & Murray-Webster, R 2007, Understanding and Managing Risk Attitude, 2nd ed., Gower, UK.

Merna, T 2008, Corporate Risk Management, 2nd ed, Wiley, USA.

Resaee, Z 2007, Corporate Governance Post-Sarbanes-Oxley: Regulations, requirements and integrated processes, Wiley, USA.

Shailer, G 2004, An Introduction to Corporate Governance in Australia, Pearson, Sydney.

Spedding, L & Rose, A 2008, Business Risk Management Handbook: A Sustainable Approach, CIMA Publishing, UK.

Tarantino, A 2008, Governance, Risk and Compliance Handbook, Wiley, USA.