Marketing the concepts of financial, market, and operational risk
• Describe the concepts of financial, market, and operational risk.
• What are the implications of these concepts in traditional risk management and how do they compare to the ERM concepts of internal controls, strategic planning, and operational management?
• Consider an organization at which you are currently working or have worked or volunteered for in the past. Does the organization take a traditional or an ERM approach to risk management and why?