Exam (elaborations)
RSK4801 Assignment 4 Semester 2 (Detailed Answers) Due 4 October 2024.
- Course
- Institution
- Book
Question 1 CASE STUDY: RISK MANAGEMENT – THE ROLE OF A RISK MANAGER
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
RSK4801 Assignment 4 RSK4801 - Unisa - Operational Risk Management
-
RSK4801 Assignment 4 (COMPLETE ANSWERS) 2024 - DUE 4 October 2024 ; 100% TRUSTED Complete, trusted solutions and explanations
-
RSK4801 Assignment 4 (COMPLETE ANSWERS) 2024 - DUE 4 October 2024 ; 100% TRUSTED Complete, trusted solutions and explanations
Seller
Follow
GeniusGears
Reviews received
Content preview
RSK4801Assignment 4
Semester 2
Due 4 October 2024
, Question 1
3.1 External Risks
As the operational risk manager for a large investment company reliant on foreign
investors, it is crucial to identify external risks that can potentially impact the business.
Below is Table 1, which outlines the identified external risks, their potential
consequences on the company's business, and suggested control measures.
Table 1: External Risks
Risk/Cause Consequence Control Measure
Disruption of operations, Implement a comprehensive
1. Future potential damage to business continuity plan
disasters (e.g., infrastructure, and loss of (BCP) that includes disaster
floods, drought) investments due to reduced recovery strategies and
investor confidence. regular drills.
Invest in backup power
System downtime can lead
systems (UPS, generators)
2. Energy crisis to operational delays,
and explore alternative
(loadshedding) financial losses, and
energy solutions (e.g., solar
decreased productivity.
power).
Develop a robust
Difficulty in attracting foreign
3. Slow pace of sustainability strategy with
investment leading to
sustainability clear milestones to
decreased capital and
projects demonstrate commitment to
operational constraints.
potential investors.
Increased operational risks, Work with government
4. Poor poor service delivery entities to advocate for
maintenance of affecting client relationships, infrastructure investment and
infrastructure and regulatory non- conduct regular assessments
compliance. of current infrastructure.
Implement stringent
Potential breach of sensitive
5. Increasing cybersecurity measures,
client data, leading to
cyber risks and including staff training,
reputational damage and
cybercrimes regular software updates,
legal consequences.
and incident response plans.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GeniusGears. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.81. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78462 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
Recently viewed by you
