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Sample Bank Risk Management PolicyContentsRisk Management Program 1 Internal Control and Risk Management Diagram Appendix 1 1 General Control Environment 1 Specific Internal Control Environment 2Risk
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Risk management program1 is a set of policies and procedures designed to identify, assess, and mitigate potential risks that could impact an organization's operations or objectives.
Any organization or business that handles hazardous chemicals above certain thresholds set by the Environmental Protection Agency (EPA) is required to file a risk management program1.
To fill out a risk management program1, organizations must gather information about the hazardous chemicals they use or store, assess potential risks, develop prevention and emergency response plans, and submit the completed program to the EPA.
The purpose of a risk management program1 is to prevent and mitigate potential accidents, releases, or other incidents involving hazardous chemicals that could harm employees, the public, or the environment.
Information that must be reported on a risk management program1 includes details on the hazardous chemicals used or stored, accidental release prevention measures, emergency response procedures, and facility information.
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