A banking client struggles with effectively tracking and reporting risks.
Scenario interviews help us assess your thought process, creativity, and comfort with ambiguity. At the same time, the scenarios represent real client engagements so they allow you to gain insight into the work we do.
You are staffed on a banking client that believes risk management is important, and for the last 10 years has conducted an annual risk survey to its executive and management leaders across the country. Over the years, they have collected hundreds of different risks and their mitigations, but struggle to track them and report on them effectively. Information about these risks is spread over various spreadsheets, PowerPoint presentations, and even some paper notes. While these risks are important, there’s no easy way to understand whether they’re becoming more or less of an issue for the company.
Concerned that they haven’t been successfully able to leverage all the risk information they have collected in the past years, the client wants to find a solution to manage its risk information. This would allow them to better track trends and behaviors and monitor progress of their efforts to respond against risks, as well as use them as a reliable source for decision-making at the executive level.