2014年2月6日星期四

IFPUG Certification CRCM exam pdf

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Exam Code: CRCM
Exam Name: IFPUG (CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM))
One year free update, No help, Full refund!
Total Q&A: 463 Questions and Answers
Last Update: 2014-02-06

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NO.1 They also embrace the concept of risk-based compliance management. They expect
compliance management to be tailored to the bank, be it large or small, offering standard
or specialty financial services, simple or complex products lines, and adjusted as
appropriate for the customer base as that issued for the Bank Secrecy Act, also
establishes their expectations that a bank’s program be risk based. Who are they?
A. Outsourcing firms
B. Foreign financial service providers
C. Bank regulatory agencies
D. Risk management organizations
Answer: C

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NO.2 should include basic elements designed to understand and mitigate risk.
It usually includes:
Written program
Compliance-related policies and procedures
A. Tactical Compliance procedure
B. Rank solution
C. Compliance program
D. None of these
Answer: C

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NO.3 A compliance professional’s responsibilities include all of the following EXCEPT:
A. Understanding the business units operating environment and risk tolerance
B. Performing risk assessments with the assistance of business units to determine current
risk levels and risks associated with the bank’s products, lines of business, customers, and
locations, among other factors
C. Working with business units to ensure prompt corrective action for any detected errors
D. Assisting business lines with compliance training for employees, as needed
Answer: D

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NO.4 To be effective, compliance risk management professionals must design a framework to
ensure that bank management understands the risks and the steps that must be taken to
mitigate them. The many roles compliance professionals fill incorporate risk management
aspects including:
A. Coordinating regulatory exams to explain risks to examiners
B. Overseeing compliance training targeting higher risk areas
C. Tracking regulatory proposals and final rules to understand new risks
D. All of these
Answer: D

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NO.5 In a compliance program, tactical compliance procedures should be integrated into
business line procedures, such as how to deliver an Adverse Action Notice when an
application is declined. In this case:
A. Regulations should be applied consistently to procedures throughout the bank
B. Revisions to procedures should be based on compliance expertise and not mere editing
C. Providing solutions to mitigate any identified risk
D. Assisting business units in developing or revising policies and procedures to reflect
current regulatory requirements
Answer: A, B

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