Reference no: EM132611544

After several rounds of interview, you are successfully appointed as the Risk Manager of the bank. The board of directors of the Bank have decided to modernize its Risk Management Strategies. As the newly appointed Risk Manager of the bank, you have to make a report to the board of directors with an Evaluation of its Current Risk Management Approaches and Provide Recommendations for further improvement. Additionally, you are also required to suggest strategies to deal with COVID-19 which is currently not included in the bank's risk management strategy.

1. Identify and analyze the key risks faced by the bank.

2. An evaluation of the bank's approach to deal with its risks.

3. Strategies should be undertaken by the bank to mitigate risks associated with COVID-19.

1. Introduction

2. Key risks of the bank

3. Bank's risk management approaches.

4. COVID-19 and Risk Management

5. Conclusion

6. Reference

Please give me a detailed answer to this question.