CMS
A CMS effectively manages this.
What is compliance risk?
This is not always a negative.
What is risk?
Where Compliance lives in the lines of defense.
What is the Second Line of Defense?
This person is LLS' Chief Compliance Officer.
Who is Judith Tribble?
One of the risks associated with corporate and risk governance.
What is [strategic, reputation, compliance, or operational] risk?
CMS is one part of this governance structure.
What is enterprise risk management?
The two main environments for threats and vulnerabilities.
What are external and internal?
First line of defense includes these actors.
What are frontline units/business units?
What is Resolver?
Risk is the _______ an event will occur and affect the achievement of strategic initiatives and business objectives.
What is "possibility"?
This is one of many areas that the Board/Senior Management oversee with a CMS program.
What is [knowledge/commitment to CMS, change management, risk management, or self-identification and corrective actions]?
There are three of these when talking about a risk management system.
What are the 3 lines of defense?
This is the purpose of the Chief Credit Officer.
What is independently oversee and assess risk?
According to Ron Burgundy, this department is kind of a big deal.
What is the Compliance Department?
Impact / Severity in a risk assessment examine the potential magnitude of this.
What is event/threat?
These three components make up a compliance management system.
What are Compliance Program, Board/Management Oversight and Compliance Audit?
Impact x Likelihood is known as this.
What is inherent risk?
The role of internal audit.
What is independent assurance to Board?
This actor appeared on the Slide "Enterprise Risk Management."
Who is Eddie Murphy?
Impact times likelihood is this type of risk.
What is "Inherent Risk"?
A CMS is this type of reaction.
What is "reactive?"
Exposure after responses and/or mitigation is called this.
What is residual risk?
Who is the Institute of Internal Auditors?
This is the size of the yacht Elizabeth crewed.
What is 49 feet?
___________ are required after completing a risk assessment.