2023 Risk Identification Refresher Quiz

Which of the following does not constitute Operational Risk

• Technicalogy

• People

• Process

• External event

Which of the following is not an Operational Risk Category

• Internal Fraud

• Damage to Physical Assets

   

• Business disruption and system failures

   

• External Practices

   

• Clients, Products & Business Practices

   

A company can also be exposed to Operational risks at what levels?

• Process & Entity

• Execution Failures & Change Management

• Disruption & Technology

• Disaster & Entity

• Process & Staff

The risk management process includes

• Review Control

• Assess Risk

• Control Risk

• Identify Risk

• All of the above

What are the key elements when describing a risk

• Risk Event, Impact and Root Cause

• Frequency, Severity and Materiality

• Risk Assessment, Risk Identification and Risk Acceptance

• Risk Event, Materiality and Root Cause

• None of the above

Which of the following is not an impact type

• System Downtime

• Data Impact

• Financial Impact

• Production Impact

• Legal Impact

How many risk categories do we have in AXA?

• 17 Categories

• 7 Categories

• 24 Categories

• 77 Categories

• None of the above

Other execution failure activities addresses what risk factor?

• OP01

• OP02

• OP03

• OP04

• OP12

In the AXA Risk Grid, how many risk level do we have?

• 4

• 3

• 5

• 6

• 2

The Frequency Assessment Table cannot be customized

• True

• False