Risk Management in Banking

0 Comment

This report includes a detailed description of the location and activities of the venue. It also identifies the pertinent legal requirement connected with the jurisdiction. Additionally, it asserts the macro, micro, and management of risk context. The second section identifies analyses and evaluates risk connected with the trip (Hopkin, 2010). The risks are analyzed in terms of their location, people and physical environment. Subsequently, the report describes the risk control which includes the management level policy and guidelines needed to manage the risks utilizing options of risk treatment. This includes the prevention, risk reduction, removing and avoiding risk source. 1 2 Risk Context Statement The process outlines the risks that, in case an emergency occurs, would constitute a coordinated and significant response within the outlined procedures and guidelines. It contains the detailed activity and location description, relevant legal needs and the management context of macro, micro, and risk (Risk management 2009). 2.1 Activity and Location Sydney Marathon will take place on Sunday 22nd September 2013. The participants will run for 42.195Km The event will start at 7:25 am for wheelchairs and 7:30 am for normal people. The start line cut off will be 7:40 am. For slower walkers, runners or joggers I will be crucial to be in their right group. The groups will be seeded in reference to their expected finish line. The final start group comprises of all the wheelchairs and Prams. The timing will not interfere because the timing will record the starting time and finishing time. This will allow the group to enjoy the event at their own pace and offer the best possible outcome. Various drink stations will be set up providing services such as water, toilet, elite drinks, GU, and Powerade. The marathon will be held at the Sydney International Regatta Centre. The marathon will celebrate the great outdoors, healthy lifestyle, and active communities. The marathon will consist of the marathon, half-marathon. Family Fun Run and Lap the Lake. 2.2 Legal Requirements Sydney marathon has legal requirements in terms of age and distance of participation. The minimum age of the participants either 16 or 18 years of age. There will also be underage children ( those under 16 years). It is therefore recommended for the children to wait until they attain the required age. Although it is quite unknown on the implication of marathon to underage, the experts have recommended them waiting until they attain puberty. Most doctors recommend children to avoid long distance because of trauma and can lead to bone doings. When someone trains for a marathon, it is normally tough mentally and physically, exhausting and time-consuming. Therefore, underage it is highly possible to affect someone’s priorities such as education. Before someone embarks on the long distance/marathon, it is suggested top run 10ks or even 4ks. Therefore, completing the race would be a major boost (Crouhy, Galai Mark, 2000). 3 Ages The age categories scheduled to attend the trip are limitless. Those under the age of 18years need the consent of their parents to attend the trip. The age categories scheduled for the trip will be grouped as 18-24, 25-29, 30-34, 35-39, 40-44, 45-49, 50-54, 55-59, 60-64, 70-74, and 75+. The trip will offer the fitness device to those people falling in the underlined categories. 18-24, 25-29, 30-34 and 35-39.