Case Study Solutions on Senior Non Financial Risk Management

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Question 1

1. What types of operational risks do you think Solaris Bank is exposed to? List 10 and order them in terms of relevance to Solaris Bank.

 

2. How do you think these risks will evolve with Solarisbank expanding its services in France, Italy and Spain? (max 200 words)

 

Question 2 Case study 1

Your firm uses classical likelihood-severity matrices to assess the risks:

For each risk, severity and likelihood are identified, and the risk is assigned a colour “Green”, “Yellow” or “Red”. Green risks are accepted, yellow risks are monitored and red risks need to be mitigated.

You are helping to access the risk of system downtime to your IT department. Your IT colleagues explain you that interruptions with a“100-1kEUR” impacthave a “4 – 12x / year” probability of occurrence (frequency), while  interruptions with a “1k  – 10kEUR” impacthave a  “4 – 12x / year” frequencyand events with  “>100kEUR” impactcome “Up to 1x year”. In other words, the same risk can materialise at different degree of severity with different likelihood.

How would you instruct your colleagues to use the above matrix when determining likelihood and severity? (max 100 words)

Would you consider the risk as green, yellow or red and why? (max 100 words)

 

Question 3

Non Financial Risk Management (NFRM) covers, among others, the following topics: Operational Risk Management, Business Continuity Management, Outsourcing Risk Controlling, New Product Processes. Describe the key relevantimpacts and points to be taken into account in the following situation.

Consider partner that provides digital banking services to end customers. The partner does not have a banking license. The partner onboards new customers, operates a mobile application to interface with customers, issues debit cards and provides basic customer support. The partner wants to expand its offering to Spain.

You may refer to MaRisk AT 7.3, 8.9 &9 for guidance. (Max 300words)

 

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