SOLUTION: Cumberland University The Concept of Risk Modeling Discussion

Attached. Please let me know if you have any questions or need revisions.1The Concept of Risk ModelingStudents NameInstitutional AffiliationCourseInstructor’s NameDue Date2The Concept of Risk ModelingRisk modeling has been prevalent for years in different organizations that calculate therisk in an integral business such as financial services and energy. However, the risk modelprovides a mathematical representation of a system incorporating profitability in its distribution.This model is used to deliver relevant historical data with expert elicitation from people vs. topicto understand the different probability of risk events in potential severity. Furthermore, the riskmodel’s importance is to prepare individuals to mitigate risk, analyze and identify any issue, thuspreparing people on ways to deal with them should they occur. As a result, this model provides aclear understanding in ways to make desirable decisions that work best as a proliferation of dataand complexity of financial analysis that have causes of different financial institutions that helpsto turn to models that improve on efficiency, reduce mandates, and repeatable tasks to save timeand resources.The Importance of Risk ModelsA risk model enhances individuals with a driven force that helps them understand whenmaking the best decision on the financial report and more information on model validationservices to improve a strong model risk management. Besides, risk management helpsindividuals make the right decision when analyzing financial aspects and increases repeatabletasks’ efficiency, saving time and resources. This is a challenge in small-medium-sized financialinstitutions as they don’t have a booster model risk management process that governs them whileusing the model (Schick & Johnson, 2020). Risk management creates room for an individual toread their decision outcome and the impacts of what inferences they make in daily activities.This model implements different functional areas of developing models to enhance specificdecision-making processes that will help mitigate the risk of making mistakes. Risk management3is important in an institution to reduce unexpected events that might impact an organization inattaining its main objective and potential risks to work and prevent them or best manage them.However, risk management also improves communication as it promotes understanding ofexternal issues and effective ways t…

15 Million Students Helped!

Sign up to view the full answer

Order a unique copy of this paper
(550 words)

Approximate price: $22

Our Basic features
  • Free title page and bibliography
  • Plagiarism-free guarantee
  • Unlimited revisions
  • Money-back guarantee
  • 24/7 support
Our Options
  • Writer’s samples
  • Expert Proofreading
  • Overnight delivery
  • Part-by-part delivery
  • Copies of used sources
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

AcademicWritingCompany guarantees

Our customer is the center of what we do and thus we offer 100% original essays..
By ordering our essays, you are guaranteed the best quality through our qualified experts.All your information and everything that you do on our website is kept completely confidential.

Money-back guarantee

Academicwritingcompany.com always strives to give you the best of its services. As a custom essay writing service, we are 100% sure of our services. That is why we ensure that our guarantee of money-back stands, always

Read more

Zero-plagiarism tolerance guarantee

The paper that you order at academicwritingcompany.com is 100% original. We ensure that regardless of the position you are, be it with urgent deadlines or hard essays, we give you a paper that is free of plagiarism. We even check our orders with the most advanced anti-plagiarism software in the industry.

Read more

Free-revision guarantee

The Academicwritingcompany.com thrives on excellence and thus we help ensure the Customer’s total satisfaction with the completed Order.To do so, we provide a Free Revision policy as a courtesy service. To receive free revision the Academic writing Company requires that the you provide the request within Fifteen (14) days since the completion date and within a period of thirty (30) days for dissertations and research papers.

Read more

Privacy and Security policy

With Academicwritingcompan.com, your privacy is the most important aspect. First, the academic writing company will never resell your personal information, which include credit cards, to any third party. Not even your lecturer on institution will know that you bought an essay from our academic writing company.

Read more

Adherence to requirements guarantee

The academic writing company writers know that following essay instructions is the most important part of academic writing. The expert writers will, therefore, work extra hard to ensure that they cooperate with all the requirements without fail. We also count on you to help us provide a better academic paper.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2020 at 10:52 AM
Total price:
$26
The price is based on these factors:
Customer Academic level
Number of pages required
Urgency of paper