Preview Questions Risk Assessment Analyst | Role Specific Skill

Question 1: Which of the following is the most appropriate risk mitigation strategy when dealing with market volatility in the BFSI sector?

Which action should you take?

Choose only one option

Consolidating assets to reduce exposure

Hedging with derivative instruments

Diversifying across global markets

Increasing the liquidity reserves

Question 2: How would you approach analyzing the liquidity risk of a financial institution using data analysis?

Which action should you take?

Choose only one option

Analyzing its debt-to-equity ratio

Analyzing cash flow forecasts and liquid assets

Using correlation analysis between financial variables

Focusing on regulatory capital ratios

Question 3: In the context of financial institutions, which of the following is the primary risk posed by cyber threats?

Which action should you take?

Choose only one option

Operational risk

Liquidity risk

Credit risk

Market risk

Question 4: What is the most effective way to mitigate compliance risks in a financial institution?

Which action should you take?

Choose only one option

Focusing on profit maximization

Outsourcing compliance monitoring to external firms

Implementing a proactive compliance monitoring program with continuous training

Reducing the frequency of audits

Question 5: What key metric is used to evaluate the effectiveness of a compliance monitoring program?

Which action should you take?

Choose only one option

Number of staff trained

Growth in revenue

Reduction in regulatory penalties

Increased customer satisfaction

Question 6: What is the most important factor in data visualization for a risk analysis report?

Which action should you take?

Choose only one option

Using advanced statistical models in visuals

Making the data easy to interpret and actionable

Creating visuals that match the report's format

Making the visuals aesthetically pleasing