RPP Quiz Competition- Round 2

What is the last step in the risk management process?

• Monitoring

• Assessment

• Identification

• Reporting

True or False: The ERM process cycle consists of 10 ongoing steps.

• True

• False

Market risk, Economic risk, Liquidity risk and Credit risk all represent ………

• Operational Risks

• Strategic Risks

• Financial Risks

• Insurance Risks

Brad, a bank teller at Sagicor, deposits 5% of each cash deposit made by customers at the bank to an account belonging to his sister. Brad is guilty of ……..........

• Theft

• Fraud

• Proliferation

• Treason

CFT is a financial measure used to disrupt the flow of money and other resources to terrorist groups. What does the abbreviation CFT mean?

• Countering the Funding of Terrorist

• Computing the Financials of Terrorism

• Countering the Financing of Terrorism

• Countering the Financing of Terrorist

Jamaica is currently on the FATF ......... list

• grey

• black

• white

• red

Which organization regulates deposit taking institutions?

• BOJ

• FSC

• JDIC

• JSE

This stakeholder provides assurance regarding the efficiency and effectiveness of governance, risk management, and internal controls. They have a high level of objectivity and independence and the authority to evaluate and make recommendations to management on the design and operating effectiveness of Sagicor’s overall control environment. Who is they?

• External audit

• Internal Audit

• Management

• Board of Directors

Checks and balance, risk awareness, reward and recognition for achievements all represents Risk ..........................

• Culture

• Response

• Strategies

• Methodology

Risk Severity is the combination of:

• Frequency and Impact

• Likelihood and Consequence

• Impact and Outcome

• Likelihood and Impact