ubuntu bank case study

For this submission, design two controls (suggested controls as well as existing controls) to include in the compliance risk management plan template that you downloaded in Module 5. Complete the following steps as part of your submission: Ensure that you have completed all of the necessary sections in Part 1, as your submission for Part 2 requires you to have completed Part 1. For each risk you have identified in Column H, mention any existing controls in your organisation if you have chosen to write about your own organisation. If you have chosen the Ubuntu Bank case study, then you can ignore this column. For each risk you have identified, in Column I, briefly name the control you wish to put in place to mitigate the risk. For each risk you have identified, in Column J, suggest a timeline for when this control should be implemented (e.g. at the end of the third quarter or perhaps in two weeks time). This depends on the severity on the risk and the urgency for implementation of the control. For each risk you have identified, in Column K, mention the stakeholders who are responsible for managing the particular control. For example, is it the CEO, or perhaps the bank manager? Tel: +27 21 447 7565 | Fax: +27 21 447 8344 Website: www.getsmarter.com | Email: info@getsmarter.com Page 4 of 6 By this point, since you have identified 12 risks, you should have 12 controls in the first tab. For the Question 2 of this submission, you will need to write a rationale for two of the Suggested additional controls you have mentioned. This rationale will be completed in the fourth tab called Control design considerations. Question 2 Complete the fourth tab of the spreadsheet called Control design considerations. You will see in Row 2 there is the heading Control 1 with various headings that you will need to populate. The first section for Control 1 is the Details from CRMP section, where you are required to complete the following: Regulatory provision: In Row 4, you will copy and paste the regulatory provision you have chosen from the first tab. Risk drivers: In Row 5, you will copy and paste the risk drivers associated with the regulatory provision chosen in Row 4. Risk level: In Row 6, you will insert the impact scale and likelihood scale associated with the regulatory provision chosen in Row 4. For example, you could write A1 or C2. (Max. 1,000 words) The second section for Control 1 is the Rationale section. Here you are required to write a detailed reasoning behind why you chose the specific control. Complete the following: Relevant existing controls: Only complete this row if you have populated it in the first tab. In Row 8, you will substantiate why this control is outdated and needs to be replaced. Suggested additional controls: In Row 9, you will explain why this control will mitigate the risk as well as the process behind how this control will work in practice. Timeline: In Row 10, you will justify why you suggested the due date for control implementation. Responsible parties: In Row 11, you will justify why the stakeholders you identified are responsible for overseeing the control and how their input will make the control more effective in practice. (Max. 1,000 words) After you have completed these sections for Control 1, you are required to follow the same procedure for Control 2, which starts from Row 12.