Across
- 4. Acronym for metrics that can be utilized to monitor the Risk and Control Environment and assist in the assessment of Operational Risk
- 7. Acronym for metrics used to monitor identified risk exposure over time
- 8. A manual or automated activity designed to prevent or mitigate risk and provide reasonable assurance regarding the achievement of Process Objectives
- 9. Risk from violating or non adherence with regulations, rules and practices
- 12. Risk that asset values will be adversely affected by changes in market conditions
- 13. A control that is performed before the activity occurs
- 17. The risk exposure to legal penalties, financial forfeiture and material loss an organization faces when it fails to act in accordance with industry laws and regulations, internal policies or prescribed best practices
- 19. The risk that a company or bank may be unable to meet short term financial demands
- 20. Risk from violating or not complying with laws, fiduciary practices, & ethical standards
- 21. Acronym for an SEC legislation designed to restore confidence in the Equity Markets and in the integrity of financial reporting
- 23. Risk that business needs may not be met due to organizational structure or human resources
Down
- 1. The risk to current or anticipated earnings or capital arising from an obligor’s failure to meet the terms of any contract with the bank or otherwise perform as agreed
- 2. A control is mostly or wholly performed through technology and is system driven
- 3. Risk arising from products & services not being processed & delivered effectively, efficiently &/or accurately
- 5. Acronym for organization that charters, regulates and supervises all national banks and federal savings associations as well as federal branches and agencies of foreign banks
- 6. A control that is performed after processing has completed
- 10. The risk of loss resulting from inadequate or failed internal processes, people and systems or from external events
- 11. The risk to current or anticipated earnings, capital, franchise or enterprise value arising from the adverse business decisions , ineffective business strategy plan and/or execution
- 14. The risk to current or projected financial condition and resilience arising from negative public opinion
- 15. Risk arising from deficiencies, complexities or instability of the technology to support the business
- 16. Acronym for the top current or emerging operational risks identified by Senior Management
- 18. A control that is performed by individuals, not through technology
- 22. Acronym for Consumer Business Operational Risk and Control