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Banking CRCM Exam (page: 7)
Banking CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM)
Updated on: 28-Jul-2025

Viewing Page 7 of 276
CRCM PDF 463 Questions

Compliance professionals have a duty to keep senior management and the board apprised of the state of compliance within the bank through which of the following:

  1. Self-monitoring and audit results
  2. Proactive compliance controls
  3. Timely and accurate regulatory reporting
  4. All of the options mentioned above

Answer(s): D



Compliance professionals have a duty to keep senior management and the board apprised of the state of compliance within the bank through which of the following:

  1. Self-monitoring and audit results
  2. Proactive compliance controls
  3. Timely and accurate regulatory reporting
  4. All of the options mentioned above

Answer(s): D



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?

  1. Think practically about your role as an advisor. Involve the business units in the decision process rather than making decisions for them
  2. Calculate the institution's consolidated risk profile
  3. Make sure you understand the level of risk the bank will tolerate, so decisions do not exceed this limit
  4. Add value by analyzing regulatory requirements for the business units before you present proposed or final rules or solutions

Answer(s): B



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?

  1. Think practically about your role as an advisor. Involve the business units in the decision process rather than making decisions for them
  2. Calculate the institution's consolidated risk profile
  3. Make sure you understand the level of risk the bank will tolerate, so decisions do not exceed this limit
  4. Add value by analyzing regulatory requirements for the business units before you present proposed or final rules or solutions

Answer(s): B



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?

  1. Think practically about your role as an advisor. Involve the business units in the decision process rather than making decisions for them
  2. Calculate the institution's consolidated risk profile
  3. Make sure you understand the level of risk the bank will tolerate, so decisions do not exceed this limit
  4. Add value by analyzing regulatory requirements for the business units before you present proposed or final rules or solutions

Answer(s): B



Viewing Page 7 of 276



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LeAnne Hair 8/24/2023 12:47:00 PM

#229 in incorrect - all the customers require an annual review
UNITED STATES