RSK4801
Assignment 2 2025
Detailed Solutions, References & Explanations
Unique number:
Due Date: July 2025
QUESTION 1
A sound operational risk report is a crucial management tool that provides clear,
accurate, and timely insights into the organisation’s exposure to operational risks. Its
primary benefit lies in supporting informed decision-making by enabling management
and stakeholders to identify current and emerging risks, evaluate controls, and
implement appropriate mitigation strategies (Blunden & Thirlwell, 2013, p. 276).
1. Enhanced Decision-Making and Risk Response
Operational risk reports enable leaders to make data-driven decisions by summarising
complex risk data in an understandable manner. A well-structured report highlights key
risk indicators (KRIs), incidents, losses, and control weaknesses, allowing the Bank to
prioritise risk responses where they are most needed. For example, the report at Region
Bank should highlight severe risks such as ransomware attacks (rated 5;5) and ESG
resourcing shortfalls (3;3) to prompt immediate remedial actions (Young, 2021, p. 186).
Terms of use
2. Targeted Reporting for Various Audiences By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
Assignment 2 2025
Detailed Solutions, References & Explanations
Unique number:
Due Date: July 2025
QUESTION 1
A sound operational risk report is a crucial management tool that provides clear,
accurate, and timely insights into the organisation’s exposure to operational risks. Its
primary benefit lies in supporting informed decision-making by enabling management
and stakeholders to identify current and emerging risks, evaluate controls, and
implement appropriate mitigation strategies (Blunden & Thirlwell, 2013, p. 276).
1. Enhanced Decision-Making and Risk Response
Operational risk reports enable leaders to make data-driven decisions by summarising
complex risk data in an understandable manner. A well-structured report highlights key
risk indicators (KRIs), incidents, losses, and control weaknesses, allowing the Bank to
prioritise risk responses where they are most needed. For example, the report at Region
Bank should highlight severe risks such as ransomware attacks (rated 5;5) and ESG
resourcing shortfalls (3;3) to prompt immediate remedial actions (Young, 2021, p. 186).
Terms of use
2. Targeted Reporting for Various Audiences By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
