To better understand the environmental drivers and how they can improve the design of existing risk management techniques that deal with extreme events in an uncertain and complex environment, a theoretical framework that integrates principles of high-reliability organizations (HRO) to engineer resilience is an essential component of apprehending the current banking environment. The advocated resilient risk management framework also emphasizes the need to adopt both a compound approach when managing risks from extreme events, as extreme events tend increasingly not to occur as single hazards, as well as an integrative approach. Indeed, this proposed framework for banks intents to integrate the existing risk management techniques to address extreme events with the non-predictive risk management concepts embodied by the advocated HRO strategy.