How to Measure the Impact of a Risk
Loss View A simple worst case loss view can be taken per risk in cash amount, usually defined as the worst case loss from the Risk...
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Rory Roberts
- Dec 27, 2022
- 1 min
How to measure the probability of a Risk
There are several probability measures that an organization might use in a risk identification process, including: I. ...
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Rory Roberts
- Dec 27, 2022
- 1 min
Embedding Risk Identification into your Company
To embed a risk identification process into a company: I. Run the risk identification process periodically, updating the risk...
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Rory Roberts
- Dec 27, 2022
- 1 min
Methods of Risk Identification - Sourcing from Existing Risk Capture
To draw results from existing risk management processes to be used in the risk identification process, a company can follow these steps:...
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Rory Roberts
- Dec 27, 2022
- 1 min
Methods of risk Identification - Analyse Exposures
A company can identify risks through analysis of external threats against company exposures by evaluating the potential impact of...
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Rory Roberts
- Dec 27, 2022
- 2 min
Methods of Risk Identification - Senior Management Workshop
To conduct a risk identification workshop with senior management, an organization might follow these steps: I. Define the...
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Rory Roberts
- Dec 27, 2022
- 2 min
Methods of Risk Identification - Risk Polling
Risk identification through polling subject matter experts Risk identification can be carried out through polling subject matter experts...
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Rory Roberts
- Dec 27, 2022
- 4 min
Risk Identification and the three lines of defence
Risk Identification and the First Line of Defence The risk identification process can interact with the front office in several ways: I. ...
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Rory Roberts
- Dec 27, 2022
- 2 min
Audit Requirements for a Risk Identification Process
1. Audit should evaluate whether the bank has a robust risk management framework in place that is appropriate for its size and...
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Rory Roberts
- Dec 27, 2022
- 3 min
Regulatory requirements for Risk Identification
EU Requirements for Risk identification There are several EU regulatory requirements that relate to risk identification in the banking...
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Rory Roberts
- Dec 27, 2022
- 7 min
How does your company categorise Risk?
What is a risk taxonomy A Risk Taxonomy is the (typically hierarchical) categorization of risk types. A common approach is to adopt a...
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Rory Roberts
- Dec 27, 2022
- 5 min
Why is your company implementing Risk Identification?
What outcomes does your company expect from the risk identification process If you are reading this, then somehow you have been motivated...
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Rory Roberts
- Dec 27, 2022
- 4 min
What are the different types of risk?
Internal Risks One of the most important questions you can ask in Risk Identification is how much exposure to we have to a particular...
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Rory Roberts
- Dec 27, 2022
- 2 min
What is the definition of a Risk?
What is the definition of the word risk? Even amongst risk professionals you will get many different answers if you ask this question. A...
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