Risk Management involves the forecasting and evaluation of financial risks, taking into consideration together with the identification of procedures to avoid or minimize their impact.
There are many types of risks for businesses in the finance industry, a few of them include:
- Operational Risk
- Credit Risk
- Market Risk
- Legal Risk
- Reputational Risk
What steps are in the risk management process?
- Identifying the Risk
- Analyzing the Risk
- Evaluate and Rank the Risk (high, medium, low)
- Monitor and review the Risk
Our consultants have years of experience creating risk assessments for banks, financial institutions and more recently, cryptocurrency exchanges.