Which of the below would NOT be amongst the methods of identification?

Searching the markets for relevant opportunities.

Which of the below is NOT a type of Operational risk according to the Basel definitions?

Unexpected government regulations.

Which are the key aspects in calculating the level of risk?

Probability of risk and the impact, if materialised.

Can you spot the non-process based KRI?

Temporary vs permanent staff and staff turnover.

What is the first step in Risk Management?

Identification and Risk Capture.

If you would like to transfer your risk, you are most likely to -

Take out a liability insurance policy.

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Risk revision - Upto Mitigation

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Answers

1
Which of the below would NOT be amongst the methods of identification?
Self assesement, review and risk audits.
Focus workshops.
Historical loss data, statistics and KRI's.
Searching the markets for relevant opportunities.
2
Which of the below is NOT a type of Operational risk according to the Basel definitions?
Internal fraud.
Unexpected government regulations.
Employment practices, Client & business practices.
External fraud.
Execution, delivery and process.
Business disruption & system failure.
3
Which are the key aspects in calculating the level of risk?
Probability of risk and the impact, if materialised.
Amount of risk transferred and the loss, if that risk does occur.
Financial loss of risk and reputational loss due to the risk event.
External impact and internal impact.
4
The 2D event classification tracks...
Cause and Loss event.
Financial damage and corrective action.
Loss amount and cause.
Cause and Legal impact.
5
Can you spot the non-process based KRI?
Value of interest claims incurred.
Number of settlement failures.
Temporary vs permanent staff and staff turnover.
Frequency of missing deadlines.
6
In which of the measurement approach would you compare risks with competitors?...
Bottom-up approach.
Key risk indicators.
Benchmarking.
Scenario analysis.
7
What is the first step in Risk Management?
Identification and Risk Capture.
Feedback and review.
Risk mitigation.
Risk monitoring and reporting.
8
If you would like to transfer your risk, you are most likely to -
Use diversification strategies.
Accept projects with risk within the risk appetite limit.
Withdrawing from the business that generates that risk.
Take out a liability insurance policy.
9
In the risk assessment graph, which quadrant signifies the highest level of risk?...
Left, lower quadrant.
Right, lower quadrant.
Left, lower quadrant.
Right, higher quadrant.
10
What is the right sequence?
Assess, Mitigate, Identify.
Mitigate, Identify, Assess.
Identify, Assess, Mitigate.
Identify, Mitigate, Assess.

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