In banking, profits are partly the reward for successfully taking risk and effectively managing that risk. The failure to implement an effective risk management system is one of the main causes of the financial crisis in general and banking failure in particular. The success and survival of commercial banks depends primarily on the effectiveness of their risk management practices. Risk management is a continuous process that depends directly on changes in the internal and external environment of banks. These changes in the environment require continuous attention to risk identification and risk control (Al-Tamimi and Al-Mazrooei,