Talking Risk

Chapter 9

What exactly you mean by response? What is the question they responding to?

So, how you say the Bank going deal with all these risks?

For each risk identified with a risk rating of high or very high, the department would have to come up with a response to bring it down.

You ain’t hear the pardner say ‘we all’ going manage them. Why you stressing? I just want to know who is ‘we all’.

Boy still wondering how the Bank going manage all these risks. I

The response is the corrective action to be taken, to address the risk that has been identified.

So once the departments carry out their plan to fix the risk, everything safe?

Not quite. They have to monitor to ensure that the response addresses the problem identified.

For you, it means forgetting about music fest, the sands and morning break and focusing on getting your assignment done.

Well, what’s the point of coming up with a plan that you know ain’t going work. That makes any sense?

It’s White Sands and Breaking Dawn, get it right!

It’s not that it doesn’t work, but sometimes the problem is not fully addressed and further action is required.

Umm … not quite. Risk management is everyone’s responsibility Each staff member is a part of risk management in his or her department.

For example, your big plan to beg with an attitude to finish your assignment did not work. On the other hand, buying a new car addressed the risk of you not being allowed on the compound.

You ain’t see they have a whole Office of Risk Management! Obviously is them!

Since you know so much, you figure out who is ‘we all’ yet?

Hello? How you figure that out?

Yeah – explain yourself.