American Bankers Association Exam CRCM Topic 10 Question 2 Discussion

Actual exam question for American Bankers Association's Certified Regulatory Compliance Manager exam

Question #: 2
Topic #: 10

[All Certified Regulatory Compliance Manager Questions]

After a compliance officer develops a base of knowledge of regulations, he or she must begin the art of applying regulations in a risk management environment. Which of the following is NOT out of a few things to be kept in mind when determining what to do FIRST?

AThink practically about your role as an advisor. Involve the business units in the decision process rather than making decisions for them

BCalculate the institution's consolidated risk profile

CMake sure you understand the level of risk the bank will tolerate, so decisions do not exceed this limit

DAdd value by analyzing regulatory requirements for the business units before you present proposed or final rules or solutions

Show Suggested Answer

Suggested Answer: B

by Glen at May 10, 2022, 12:45 AM

Limited Time Offer

25%

Off

Get Premium CRCM Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Currently there are no comments in this discussion, be the first to comment!