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Exam CRCM topic 1 question 12 discussion

Actual exam question from ABA's CRCM
Question #: 12
Topic #: 1
[All CRCM 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?

  • A. Think practically about your role as an advisor. Involve the business units in the decision process rather than making decisions for them
  • B. Calculate the institution's consolidated risk profile
  • C. Make sure you understand the level of risk the bank will tolerate, so decisions do not exceed this limit
  • D. Add value by analyzing regulatory requirements for the business units before you present proposed or final rules or solutions
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Suggested Answer: B 🗳️
by JessyJazz24 at Oct. 4, 2023, 10:40 p.m.

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JessyJazz24
3 months, 1 week ago
Selected Answer: B
Take risk never know the out come of being in a open discussion
upvoted 1 times
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