Response to the following problem:
Describe a hypothetical, community bank with approximately 30 employees. The bank has only one location-a 2,800 square foot building located downtown housing their 30 employees. Describe the relevant characteristics of this small bank in depth.
Using the Enterprise-wide Risk Management Process and the various techniques taught to this point in the course, identify the firm's top five financial risks and treat them (Market risk, Credit risk, Price risk, Liquidity risk and Operational risks). For this exercise, ignore traditional risk management and focus solely on the financial (pure) risks of the firm. As you go through the process, describe the firm, its risks, and how you would treat those risks. For this exercise you should have five separate risks and risk treatments to demonstrate your knowledge of Enterprise-wide Risk Management.
Your response must be in a Word document of 4 pages in length. Please post only original work.