Risk Assessment Project
Develop a risk assessment and management plan for the company that you selected during our meeting. Make certain to deal with all categories of risk addressed in the class not just those you found interesting. For example an excellent treatment of financial risk that ignores workers compensation and hazard risk, is a bad paper. The categories of risk you explore should include but are not limited to, hazard risk, workers compensation, financial continuity, financial risk management (this includes derivatives trades that are genuine hedges, derivatives trades that are seen as a profit center generate an entire new category of risks you must manage), employee liability, key employees, strategic risks, business risks, political risk, regulatory compliance and systemic risk.
Place all these risks on a “heat map” as we discussed in class.
Then propose solutions make certain you do not neglect the less traditional forms of risk management suck as captive insurance, SPVs, business structure, derivatives, treaty insurance, and any other technique discussed in class. Remember most risks will have both a risk control and risk financing component to them.
Now re-do the heat map as if your plan was fully implemented. In reality your plan will never be completely accepted and fully implemented, but assume for this class that it is.
