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Operational Risk management is a firm wide endeavor typically addressed with a three lines of defense approach. Match the Operational Risk activity to the correct
Operational Risk management is a firm wide endeavor typically addressed with a three lines of defense approach. Match the Operational Risk activity to the correct employee group at the firm.
1st line of defence=
2nd line of defence =
3rd line of defence=
Risk policy approval=
- internal audit group
- Bank Board of Directors
- Operational Risk manager reporting to the CRO
- product sales people at the bank
risk management
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