What is one of the most common issues to listen for from a client who would benefit from deploying IBM OpenPages GRC solution?
A. The client is looking for an advanced calculation engine to calculate capital and market values.
B. The organization is designed around a soloed approach, resulting in redundant data collection and an expensive model to maintain.
C. Business users would like to be more proactive and look for trends in the business using predictive analytics.
D. Report users require a XBRL format report to present to regulators.
OpenPages PCM is a critical component of implementing an enterprise-wide governance and risk framework. Which benefit can be found within OpenPages PCM?
A. Provides the compliance team with the ability to view and monitor overall organizational compliance posture in single dimensions.
B. Provides a static approach to compliance that with standardized procedures and naming conventions.
C. Delivers static reports that can be used to ensure compliance risks are understood and guarantee that issues are remediated quickly.
D. Provides the compliance team with the ability to view and monitor overall organizational compliance posture in multiple dimensions.
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
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
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.
The Enterprise Governance, Risk and Compliance (EGRC) platform market derives from the need for entities to improve the oversight of corporate governance. What is one definition of EGRC?
A. The state or fact of according with or meeting rules and standards.
B. A risk arising from execution of a company's business functions.
C. The management, measurement, remediation and reporting of controls and risks against objectives in accordance with rules, regulations, standards, policies and business decisions.
D. A set of agreements set by the Basel committee on Bank Supervision, which provides recommendations on banking regulations to capital.
Which indicator should alert you to an OpenPages GRC opportunity?
A. Collaborate and automated systems defined by line of business managers
B. Robust reporting and non-redundant risk and controls data collection
C. Integrated, inexpensive approaches to data collection
D. Line of business managers lack risk data and reporting intelligence to evaluate risk exposure
There are many competitive differentiators with IBM OpenPages Governance, Risk and Compliance solutions. Which option is not a competitive differentiator?
A. Fully integrated risk management platform
B. Flexible, patented metadata-driven object model
C. Extensive business intelligence and reporting dashboards
D. Non-configurable object model and reporting engine
Convergence is the key to maximizing an organization's governance efforts in today's high profile regulated industries. What are 4 steps towards effective risk and compliance management?
A. Manual, operationalize, identification, reporting
B. Recognize, harmonize, synchronize, rationalize
C. De-synchronize, transparency, harmonize, visibility
D. Decrease agility, decrease visibility, flexibility, and configurability
A recent International Data Corporation (IDC) Worldwatch study revealed that an average $500 million corporation is subject to at least 35 40 regulatory mandates. GRC solutions assist with managing regulatory mandates in a central library for automation and reporting. Which regulations below would a financial institution not be responsible for adhering to?
A. Basel II
B. Solvency II
C. Sarbanes-Oxley
D. Carbon Reduction Commitment
