(1) Traditionally, risk managers have focused on event risks, but some organizations have broadened the role to include other types of risk (e.g., operational risks). The risk manager is charged with identifying risks, evaluating risks, selecting the best techniques for treating identified risks, implementing the chosen risk management techniques, and regularly evaluating and monitoring the program. This person is also involved in the managerial processes of planning, organizing, leading, and controlling those activities in a business that deals with various types of risk. (2) Another type of risk manager manages the effects of financial risks on the organization. This individual is usually a treasury department employee who must maintain certain critical financial metrics within acceptable parameters. For example, interest rate risk is a bank's most important financial risk. Using various hedging tools and techniques such as derivatives, the risk manager makes sure that the bank's exposure to interest rate volatility is satisfactorily managed.