A) This document serves to summarize the Risk Management Policy of Affluenceallypro.com ('the Company') about risk management, as well as the rules and regulations that the Risk Management department must adhere to to accomplish the following goals:
i To catalog the most pressing threats facing the company and detail the measures taken to control and lessen their impact.
ii To guarantee that all risk-related tasks are conducted consistently and uniformly with zero errors and complete transparency.
iii To guarantee that all risk-related tasks are conducted consistently and uniformly with zero errors and complete transparency.
iv To provide quicker response time, with the end goal of increasing customer satisfaction and revenue
B) Company exposure to Credit Risk, Market Risk, Liquidity Risk, Compliance Risk, and Technology Risk is high due to the diversification of the business. Risk Management is an essential business function for the organization since it deals with everything that can change the level of risk that the business faces. It entails recognizing potential dangers, quantifying them, keeping tabs on them, and regulating them such that:
i Those in charge of making important decisions fully grasp what they are.
ii Both the regulator and the board of directors have set limits on the risk that the company can afford to take.
iii Sufficient capital available, at all times.
iv The hazards are carefully assessed and managed through an ongoing monitoring approach.