5 Lines
This line of defense sets standard other lines must implement or otherwise follow
What is 2B?
Risk Management Governance Documents
What is the Resource Centre?
The primary means used to communicate how the Bank views risk and determines the type and amount of risk that it is willing to take to deliver on its strategy and to enhance shareholder value
What is The Risk Appetite Statement?
Determining if a key control is performing consistently as intended to mitigate the identified risk(s) is a part of this program
What is Control Testing?
A division of responsibilities between those who perform controls and those who test them
What is a segregation of duties?
1st Line Manage, 2nd Line Challenge, 3rd Line…?
What is Review?
List of Major Risk Categories
What is the Enterprise Risk Framework?
According to the pRCSA Standard, this is a series of repeatable actions/steps that are essential to a business unit delivering on its fundamental mandate, strategic objectives, or purpose
What is a core process?
This program enables the bank to continue to manage and operate their business under adverse conditions by leveraging appropriate recovery strategies, business continuity plans, and incident and crisis management protocols
What is Enterprise Business Continuity & Crisis Management?
This tool may be used to help select a testing sample
What is a Randomizer?
This line of defense is embedded in the business and helps to identify and control risks
What is the 1B?
Control Testing Challenge Template
What is the MERLIN Hub?
This governance document establishes minimum requirements and key information to support thematic aggregation, analysis and reporting of Issues to promote greater awareness of outstanding gaps that may require additional attention and/or remediation
What is the Issues Management Standard?
This program allows TD to continue to deliver, and rapidly recover, essential services through business disruption events, whether internal or external
What is Operational Resilience?
Reviews significant business activities to provide effective independent challenge and uphold the objectives of the Operational Risk Management framework and policies
Who is a Segment Risk Lead?
Control Processing Group's Line of Defense
What is 2nd line of defense?
PTO Allotment Rates
What is TD Total Rewards?
This person owns the Operational Risk Management Segment ORM (2A) coverage & Challenge Standards
Who is Kelly Le Drew?
Designed to heighten employee awareness of operational risk and provide guidance with using the programs and tools in place to manage it effectively
What is the ORM Certification Program?
With this program, ORM 2A reviews and challenges the core process inventory to confirm completeness and accuracy
What is pRCSA?
Loan Reviews original line of defense
What is the 3rd line of defense?
Team Day Meeting Presentations
What is the EORM Employee Hub?
According to the Fraud Risk Management Framework, this group manages fraud monitoring, detection and investigations through the centralized
fraud operation units
What is Protect Platform?
Activity outside of business-as-usual operations that affects one or more of the following areas: Products/Services, Process/Operations and Technology is covered by this program
What is Change Governance?
The bank uses this Standarized Approach to report operational risk capital
What is Basel III?