- 20 Marks
RM – APR 2024 – L4 – Q1 – Risk and Control Self-Assessment
Explains RCSA concept and steps, significance of recording past events, and differences from Incident Management System.
Question
(a) Explain the concept of Risk and Control Self-Assessment (RCSA) and the steps involved in crafting this essential Risk Management tool. (10 marks)
(b) Mention and explain the significance of recording historical or past events in the Operational Risk Management Space in each business unit. (5 marks)
(c) How does the RCSA differ from an Incident Management System? (5 marks)
[Total: 20 marks]
Find Related Questions by Tags, levels, etc.
- Tags: Historical Events, Incident Management, Operational Risk, RCSA, Risk Assessment
- Level: Level 4
- Topic: APPROACHES TO OPERATIONAL RISK MEASUREMENT AND CONTROL
- Series: APR 2024
Report an error
