IBM M2020-624 - IBM Risk Analytics for Governance Risk and Compliance Sales Mastery Test v1 Exam
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Total 24 questions
Question #6 (Topic: )
According to the CRO Forum with regard to Operational Risk and Solvency II, "At the heart
of operational risk management is a clear understanding of the operational risk events that
may occur and the strength of the company's processes and mitigation activities to prevent
or respond to such events".
From the list below, what should an operational risk management system encompass?
of operational risk management is a clear understanding of the operational risk events that
may occur and the strength of the company's processes and mitigation activities to prevent
or respond to such events".
From the list below, what should an operational risk management system encompass?
A. Risk policy. Risk appetite. Risk tolerance. Risk identification. Risk assessment. Risk monitoring and Risk mitigation
B. Risk policy. Risk appetite. Risk scaling and Risk mitigation
C. Risk policy. Risk scripting. Risk tolerance. Risk identification. Risk Assessment, Risk monitoring and Risk mitigation
D. Risk policy. Risk predictions. Risk tolerance. Risk identification. Risk Assessment. Risk monitoring and Risk mitigation
Answer: D
Question #7 (Topic: )
What is one of the most common issues to listen for from a client who would benefit from
deploying IBM OpenPages GRC solution?
deploying IBM OpenPages GRC solution?
A. The client is looking for an advanced calculation engine to calculate capital and market values.
B. The organization is designed around a siloed approach, resulting in redundant data collection and an expensive model to maintain.
C. Business users would like to be more proactive and look for trends in the business using predictive analytics.
D. Report users require a XBRL format report to present to regulators.
Answer: C
Question #8 (Topic: )
A recent International Data Corporation (IDC) Worldwatch study revealed that an average
$500 million corporation issubjectto at least 35 - 40 regulatory mandates. GRC solutions
assist with managing regulatory mandates in a central library for automation and reporting.
Which regulations below would a financial institution not be responsible for adhering to?
$500 million corporation issubjectto at least 35 - 40 regulatory mandates. GRC solutions
assist with managing regulatory mandates in a central library for automation and reporting.
Which regulations below would a financial institution not be responsible for adhering to?
A. Basel II
B. Solvency II
C. Sarbanes-Oxley
D. Carbon Reduction Commitment
Answer: D
Question #9 (Topic: )
There are many competitive differentiators with IBM OpenPages Governance, Risk and
Compliance solutions.
Which option is not a competitive differentiator?
Compliance solutions.
Which option is not a competitive differentiator?
A. Fully integrated risk management platform
B. Flexible, patented metadata-driven object model
C. Extensive business intelligence and reporting dashboards
D. Non-configurable object model and reporting engine
Answer: D
Question #10 (Topic: )
Which option is not a pain point when selling a Governance. Risk and Compliance solution
to the identified buyers?
to the identified buyers?
A. Line of business managers lack risk data and intelligence to evaluate risk exposure
B. Lack of a central repository to track risk and control self assessments
C. No integrated reporting across risk management activities
D. Automated system to report risk exposure trends
Answer: D
