Abstarct: The aim of this research is to examine the impact of risk and risk governance on financial performance at the level of capital market banks (Tehran Stock Exchange and Over-the-Counter (OTC) market). The statistical sample of this research includes eleven banks over the years 2011 to 2023. For classification, processing, and analysis of data, Excel and Eviews software have been used. The explanatory variables of this research include bankruptcy risk, operational risk, and credit risk. Additionally, to evaluate the effectiveness of risk governance, three interactive risk governance variables have been created using a risk governance score variable. Furthermore, variables related to the characteristics of the audit committee such as the number of members, independence, financial expertise, number of meetings, quality of external auditing, and the presence of an independent risk committee have been separately examined as risk governance indicators. Bank performance variables include return on assets and return on equity, and control variables related to bank structure and board members include age, bank size, number of board members, and their independence. For examining and testing the research variables, quantile regression tests, regression at different quantiles, and the slope equality test at different quantiles have been used. The results show that the three risks of bankruptcy, operational, and credit have both positive and negative impacts on financial performance. Among the three interactive variables, bankruptcy risk governance and credit risk governance have a negative impact, while operational risk governance has a positive impact on the financial performance of banks. Among the risk governance variables, the financial expertise of audit committee members has a positive impact on financial performance, and among the control variables, the size of the board has a negative impact, while their independence has a positive impact on the financial performance of banks.