Financial risk is one of the core problems in the financial market. Z Bank "Crude oil Treasure" is a financial event that has attracted wide attention. This paper aims to discuss the importance of financial risk management, the types and causes of financial risks, the basic principles and specific measures of financial risk management based on the "crude oil Treasure" event. It is found that investors should be fully aware of investment risks, and financial institutions should take effective risk management measures to cope with them. Under the framework of Basel III, banks should pay more attention to the risk characteristics of financial products and the market environment, and establish an effective risk management system.

Su Jingmin, Zhou Ruitao. Financial Risk Identification and Management: Based on the Case Study of "Crude Oil Treasure" of Z Bank. Academic Journal of Business & Management (2023) Vol. 5, Issue 26: 61-65. https://doi.org/10.25236/AJBM.2023.052610.

[1] Wang, A. & He, X. (2005). Research on statistical measurement standards of financial risk. Statistical Research (02),67-72.

[2] Wang, G., Cong, P. & Zhang, Y. (1991). A statistical analysis method for questionnaire survey: Logistic regression model. Statistical Research (02),60-64+57.

[3] Ma, X. (2015). Research on the risk-oriented audit model of internal audit department of China's central bank. Audit Research (06),108-112.

[4] Pan, Y., Dai, Y. & Lin, C. (2011). Information opacity, analyst attention and the risk of individual stock crashes. Journal of Financial Research (09),138- 151.

[5] Chen, X. (2014). On the construction of credit risk management system of China's Internet financial market. Macroeconomic Research (10),122-126.

[6] Huang, J. & Sun, G. (2023). Digital transformation of corporate compliance mechanism from the perspective of digital financial risk prevention and control. Guizhou social science (6), 127-134.