An associate from the finance group has been identified as an operational risk coordinator (ORC) for her department.

An associate from the finance group has been identified as an operational risk coordinator (ORC) for her department.

To fulfill her ORC responsibilities the associate will need to:

I. Provide main communication contact with operational risk department

II. Provide main reporting contact with audit department

III. Coordinate collection of key risk indicators in her area

IV. Coordinate training and awareness activities in her area
A . I, II
B . II, III, IV
C . I, II, III
D . I, III, IV

View Answer

Answer: D

Explanation:

An operational risk coordinator (ORC) needs to provide the main communication contact with the operational risk department (I), coordinate the collection of key risk indicators in her area (III), and coordinate training and awareness activities in her area (IV). The main reporting contact with the audit department (II) is not typically an ORC responsibility.

References: Operational risk coordinator responsibilities as outlined in Financial Risk and Regulation documents.