Risk Flashcards
What are your ongoing personal responsibilities with regards to AML?
First line of defence. Reporting all suspicions and keeping up to date with all AML training
Name the regulation that covers date protection in the UK.
UK-GDPR (post-Brexit UK equivalent of EU GDPR)
What is the time limit for us to report serious data protection breaches?
72 hours
How long does an adviser have to resolve a complaint, before it has to be treated as a full formal complaint requiring compliance investigation?
72 hours
Who’s the first line of defence?
Front-line staff (us) and Operational Risk
Who’s the second line of defence?
Compliance and Operational Oversight teams
Who’s the third line of defence?
Internal Audit
What does the abbreviation ‘RCSA’ stand for?
Risk and Control Self Assessment
What are the components of the Operational Risk Management Framework?
Operational Risk, Liquidity Risk, Market Risk, Credit/Counterparty Risk
Head of risk?
Damien Syrett
Name 2 benefits of developing our risk and control assessment process?
Fewer sudden shocks and unwelcome surprises •More focus internally on doing the right things in the right way
Two people in Ops Risk
Adam Schollar, Shanel Baker or Emily Bibire
Two people in Ops Oversight
Damien Syrett, Jo-Ann Page, James Pearce or Keiron Smith
What process does Killik & Co have in place for the escalation of process or control failures?
Operating event process
Who is Killik’s MLRO?
Julie Steele
