Escalate Now Quiz

Who is responsible to appoint DCORO?

• HR

• Kenneth

• Risk Control Specialist (RCS)

• HOD

Which of the following are tools to manage operational risks in CIMB?
i. Loss Event Data (LED)

ii. Control Issue Management (CIM)

iii. Risk Control Self-Assessment (RCSA)

iv. Key Risk Indicator (KRI)

• i and ii only

• i, ii and iii only

• ii only

• All of the above

Evaluate the following statement:

All operational risk events must be reported to the DCOROs as and when the incidents are detected.

• TRUE

• FALSE

Complete the following sentence. A control issue must be recorded in the CIM module (ShARP) within _ working days of the control issue being identified.

• 10

• 60

• 5

• 7

Evaluate the following statement:

The RCSA aim is to assess the key risks and its corresponding controls in a business/function.

• Yes

• No

Which of the following statement regarding Key Risk Indicator (KRI) is TRUE. Mark ALL the correct answers.

• KRI allows management to monitor the risk and control environment on an ongoing basis

• KRI involves monitoring of statistics and/or metrics which can provide insight into the current risk position

• KRI provide early warning signals when risks move in a direction that may prevent the achievement of business goals