Which of the following is also the responsibility of the Chief Risk Officer?
A. Ensures that reporting of risk and governance-related matters are produced in a timely and accurate manner
B. Acts as sponsor for risk throughout the organization and ensures that a risk culture is implemented, and maintained
C. ensuring that all employees understand the rules and regulations (both internal and external) with which they must comply and the implications, for them and for the organization, of non-compliance
D. Maintaining appropriate assurance measures to ensure that the Governance and Risk framework of the organization is effective, and, if any shortcomings are discovered, to escalate these to the Board so that remedial action can be taken in an appropriate and timely manner
Answer:A
Which of the following is also the responsibility of the Chief Risk Officer?
A. Ensures that reporting of risk and governance-related matters are produced in a timely and accurate manner B. Acts as sponsor for risk throughout the organization and ensures that a risk culture is implemented, and maintained C. ensuring that all employees understand the rules and regulations (both internal and external) with which they must comply and the implications, for them and for the organization, of non-compliance D. Maintaining appropriate assurance measures to ensure that the Governance and Risk framework of the organization is effective, and, if any shortcomings are discovered, to escalate these to the Board so that remedial action can be taken in an appropriate and timely manner