Financial Risk Manager Part 2
Get started today
Ultimate access to all questions.
Ultimate access to all questions.
A local financial institution uses a three-tiered defense model to manage its operational risks. Presently, this institution is in the process of implementing an enterprise risk management (ERM) framework. The Chief Risk Officer (CRO) has decided to integrate the three-tiered defense model into the ERM framework's deployment. Furthermore, the CRO is committed to ensuring that the ERM framework faithfully represents the institution's risk appetite and risk culture. What actions should the CRO recommend the financial institution take?