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Risk profiling involves gathering information about operations and process, using existing risk assessments, and risk assessment methodology to evaluate risks, and developing a suitable means for monitoring and providing assurance. Some organisations use risk registers to enable them to document and monitor key risks. Those who undertake risk assessments need to be competent to do so. While some organisations may choose to use external expertise to help them develop their risk profile, anyone doing so must have a broad knowledge of the entire organisation and have risk management expertise. At HCL Fintech, we use our internally developed tool for risk profiling based on Likert Scale approach and use them in our risk Profiling activity. Risk information generated from personal interaction, formal questionnaire, life style engagement and other activity are confirmed, and ranked, and together with other data (eg risk assessments) form the basis of an overall risk profile.