Capitec Bank is a retail bank headquartered in South Africa. It is one of the largest banks in the country and has gained significant popularity for its innovative approach to banking and its focus on simplicity, transparency, and affordability. Capitec Bank was founded in 2001 and has quickly grown to become a major player in the South African banking industry. It primarily serves individuals and offers a wide range of banking products and services, including savings accounts, transactional accounts, personal loans, credit cards, and insurance. Additionally, Capitec Bank has gained recognition for its customer-centric approach, offering competitive interest rates, low fees, and easy-to-understand products. It has also been praised for its responsible lending practices and efforts to promote financial literacy among its customers. The CEO Gerrie Fourie has made it evident that the primary objective of the organization is to manage risk exposures across its entire portfolio so that, at any given time, it incurs just enough of the right kinds of risk -no more, no less—to effectively pursue and achieve their strategic goals. He believes that risk assessment is important and presents how the organization can get a handle on how significant each risk is to the achievement of its overall goals. Source: Capitec Bank, (2023)

Conduct an extensive risk identification process in which you provide a comprehensive list of risks (positive and negative) organized by risk category and sub-category in the form of a risk register. This should enable the organization to understand the risks making up its profile and enable the risk prioritization process to begin.