ØBank management
uses different methods for the risk identification in their daily work. Either
one or combination of two or more approaches can be used to develop a
comprehensive list of risks. Concerned Risk Officer are responsible for the
identification of risk which could arises in their departments through:
a. Bank documents, such as the
strategic and operational plans, performance reports, budgets, and audit
observations and recommendations
b. Internal processes and issues
highlighted at Board meetings
Risk
Identification