Which statement reflects one of the benefits of the IBM OpenPages GRC platform?
A. OpenPages provides a method to calculate Monte Carlo based calculations to assess risks.
B. Empowers IT to be the focal point of all decision making activities with in the organization.
C. OpenPages provides static reports which can be used by all.
D. Empowers decision makers with scalable interactive reporting, decision support, and forecasting tools.
OpenPages solutions provide the capability to integrate with other IBM analytics products. What IBM analytics tools provide the ability to uncover unexpected patterns, trends and associations from their risk and compliance data?
A. Websphere, SPSS
B. Cognos, SPSS
C. TM1, Tivoli
D. Lombardi, Cognos
According to the CRO Forum with regard to Operational Risk and Solvency II, "At the heart of operational risk management is a clear understanding of the operational risk events that may occur and the strength of the company's processes and mitigation activities to prevent or respond to such events. From the list below, what should an operational risk management system encompass?
A. Risk policy, Risk appetite, Risk tolerance, Risk identification, Risk assessment, Risk monitoring and Risk mitigation
B. Risk policy, Risk appetite, Risk scaling and Risk mitigation
C. Risk policy, Risk scripting, Risk tolerance, Risk identification, Risk Assessment, Risk monitoring and Risk mitigation
D. Risk policy, Risk predictions, Risk tolerance, Risk identification, Risk Assessment, Risk monitoring and Risk mitigation
OpenPages GRC can be extended to address other areas of risk and compliance initiatives. What functional areas or processes could buyers benefit from when using the OpenPages GRC Platform?
A. Vendor risk management, business continuity management
B. Credit risk, liquidity risk
C. Human resources, expense reporting
D. IT governance, marketing campaigns
What is one benefit for maintaining a centralized library of laws, regulations, and best practices?
A. Harmonized compliance programs for departments and focus areas to promote a standardized and efficient compliance approach
B. Unstructured documentation and remediation of regulatory requirements
C. Non-standard compliance for all regulations to deliver a holistic understanding of all compliance risks
D. De-centralized repository for managing and synchronizing governance with multiple regulations
What are the key trends that drive Governance, Risk and Compliance initiatives?
A. Regulatory oversights and risk quantification
B. Lack of visibility into risk exposure
C. Decreasing governance demands
D. Soloed risk and compliance initiatives
The IBM GRC solution consists of what group of standard modules?
A. IT Governance, Market Risk, Audit, Operational Risk, Policy Compliance Management
B. IT Governance, Financial Control Management, Audit, Operational Risk, Policy Compliance Management
C. IT Governance, Market Risk, Audit, Operational Risk, Vendor Risk management
D. IT Governance, Credit Risk, Audit, Operational Risk, Policy Compliance Management
IBM OpenPages solutions enable customers to manage risk and compliance initiatives across the enterprise. Which one of the following is a feature of the IBM OpenPages GRC Platform?
A. Optimize business performance
B. Change customers' existing methodology
C. Predictive analytics framework
D. XBRL reporting
What regulations or areas of regulations would a typical public multinational firm be subject to that can be addressed using the OpenPages GRC framework model?
A. Employee Privacy (FDIC), Public Health and Safety, Health and Human Services
B. Privacy (Gramm-Leach-Bliley Act), Industry specific (Basel II), Government (Dodd- Frank Act)
C. Consumer Credit Protection Act (FDIC), Energy and Utilities Acts
D. Credit Risk and Regulatory Capital, Counterparty Credit Risk
What roles are held within an organization by the primary buyers of Governance, Risk and Compliance (GRC) solutions?
A. IT Managers, Customer Support Managers
B. Chief Risk Officer (CRO), Chief Compliance Officer (CCO), Chief Information Officer (CIO), Chief Financial Officer (CFO)
C. Human resource manager
D. Marketing Director
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