Risk Management Assessment Copy

1.) One of the major risks are the human errors which happen in the day to day operations. This is also known as a __________ input error.

2.) ______________ is a deception method that takes advantage of human error to obtain sensitive data, access, or assets.

3.) The market, consumers, and regulators all place a lot of ________in banks.

4.) Reputation risk and _________ risk are closely related; the latter occurs when banks suffer financial loss as a result of poor managerial decisions or negligent employee behavior.

5.) _______risk, one of the biggest financial risks in banking, occurs when borrowers or counterparties fail to meet their obligations.

6.) _______ risk is the risk of losing value on financial instruments due to adverse price movements.

7.) The risk of suffering losses when a particular commodity or investment cannot be exchanged without having an impact on its market price is known as __________risk.

8.) ___________is a process that compares two sets of records to check that figures are in agreement with each other.

9.) __________risk is the risk of losses incurred by errors or inefficient internal processes, people, and systems.

10.) ______________ is the process of concealing the origin of money, obtained from illicit activities.