Worksheets2023 Risk Identification Refresher Quiz
Total questions: 14
Worksheet time: 5mins
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
When there is a risk with multiple impacts, what impact should be selected?
Impact with the highest number of likes
Impact with the highest severity
Impact with the highest frequency
Impact with the highest number of incidents
Who is responsible Risk Management?
CCO
CRO
Group Heads
Unit Heads
All staff
What are we supposed to do with Green & Yellow Risks as an entity?
Mitigate
Monitor Trend
Quantify
Develop Action Plans
Ignore
There are several approaches to risk identification, including the following except
Brainstorming & Checklists
Risk Assessment workshops
Expert Review
SWOT Analysis
None of the above
