RASP

Question 1

What does Risk Archetecture consider

Answer 1

In practice the Risk Arch considers the risk management reporting and info flow between different organisational committees

Question 2

Name some of the risk committees in a large organisation

Answer 2

Group risk management comm
And audit committee

Question 3

Strategy
Consists of

Answer 3

Philosophy
Arrangements for embedding
Appetite attitude
Benchmark tests for significance
Specific risk statements/policies
Assessment techniques
Priorities for present year

Question 4

Architecture

Answer 4

Committee structure and TORs
R&R
Internal and external reporting and controls
Assurance arrangements
Budget and agreement on resources

Question 5

Protocols

Answer 5

Tools tech
Classification system
Assessment procedures
Control rules and procedures
Responding to incidents issues events
Doc and record keeping
Training and comms
Audit procedures & protocols
Reporting/disclosures/certification