Ops Risk Quiz - Type A.1 (eng)

Who is responsible for managing risks in a bank?

• Risk & Compliance Unit

• Risk Champion

• Everyone

• Internal Audit

Which of the following is NOT a role of a Risk Champion?

• Manage operational risk profile

• Monitor recurring risk events

• Establish the company’s strategic goals

• Analyze and report operational risk incidents

When should we perform RCSA?

• Annually

• Semi-Annually

• Bi-Annually

• Quarterly

Risk acceptance can only be done if ...

• All other solutions have been assessed and not applicable

• The risk has no impact

• No third party is involved

• The impact is high risk

What differentiates Self-Raised Issue from Risk Event?

• Self-Raised Issue may have impact, Risk Event doesn’t have an impact yet

• Self-Raised Issue is when incident has not occurred, Risk Event is when incident already occured

• Self-Raised Issue doesn’t need to be reported, Risk Event must be reported

• Self-Raised Issue cannot be used for risk exposure foresight, Risk Event can be used for risk exposure foresight