Traded Bank

Traded Bank

For this assignment, you will write a minimum three-page paper (not including APA title or references pages)In this paper, please address the following questions:

Answer preview

Operational Risk Exposures That Banks Encounter

Banks are always exposed to operational risk in their daily operations hence need for vigilance in ensuring systems work as set out. These risks are mainly linked to day-to-day operations by the bank staff in handling various responsibilities. Some of these risks include firstly, fraud, where a bank, due to weak system controls from within, lose money fraudulently because of staff negligence or conspiracy. Secondly, a bank manager might end up authorizing a fake cheque if proper internal verification mechanisms are not utilized. Thirdly…

 

(1000 words)

Scroll to Top