Effective risk management system is an essential instrument for the protection of competition from companies whose also providing timely neutralization result of risk. Management is important to identify and measure risk, a requirement of a risk analysis. Risk as an indispensable part of every organization is closely associated with the decision making process. When making decisions it is important to know the potential risks for the company. After learning about potential business risk it is important to properly and effectively manage them. While operating, each company encounters risks, such as launching a new product on the market where the risk is whether it will succeed or not. In order to maintain their market position or even take a step ahead, companies must pay special attention to the analysis and management of risks. Ineffective management can cause enormous damage to the development and progress of the company. Effective risk management system is one of the most important instruments in protecting business from competition and it enables the enterprise to recognize opportunities and respond to changes timely. Risk, risk management, risk analysis, methods and techniques of risk management are just some of the concepts that emerge in the presence of enterprise risk. It is essential for the risk management in the company to identify and measure risk as a prerequisite for the risk assessment process. Strategic risk is the risk of negative effects on the financial result and equity due to bad business decisions, improper implementation of these decisions, or lack of consideration of changes in the financial system, and the lack of long-term development component in the control and the management team of the bank.