FNS50315 Diploma of Finance and Mortgage Broking Management

Assignment 3 , Question 4 : Describe and/or provide evidence of how you identify and manage risk when dealing with clients with complex loan requirements?

In answering this question you must consider: Risk evaluation criteria eg. undertaking risk categorisation and determining the level of risk Risk assessment tools (eg. valuation practices) Communication of the aspects of the valuation result/s to clients Discussion on the issues around an adverse valuation Establishment of the probability of risk including the severity and/or impact Identification of stakeholders and how throughout the loan process o you seek their views o provide pertinent risk information - clearly describe risks o recommend amendments to existing controls and report any need for new controls How would you as a professional in the industry ensure that you comply with industry and government requirements and professional codes of practice? How would you read and interpret organisational and industry information?