Gts Risk Awareness Quiz
- 1.The Risk Partnership Model philosophy is built upon the key concept that risk management in GTS is owned by......
- A.
GTS Exco
- B.
The Functional Area Heads
- C.
GTS Risk & Finance
- D.
All GTS Employees
- 2.Risk can be defined as the direct or indirect loss resulting from inadequate or failed processes, people, systems & external factors...
- A.
True
- B.
False
- 3.Power outages, power surges & fraudulent activities by syndicates cause failure in which operational risk driver...
- A.
Processes
- B.
People
- C.
Systems
- D.
External Factors
- 4.All GTS employees form the 1st line of defence and need to..... (There may be more than one correct answer, you should tick all correct answers)
- A.
Adhere to all GTS policies & procedures
- B.
Adhere to all GTS systems security requirements
- C.
Have a strong oversight of risk across GTS, such as operating loss tracking
- D.
Be proactive in their end-to-end responsibilities, ensuring the early identification of risk issues
- E.
All of the above
- 5.A risk event occurs........
- A.
Each time one or more of the resources (people, process or systems) allocated is inadequate to the task being performed
- B.
When people, processes, or systems have failed or are insufficient either in quantity or quality
- C.
A & B
- 6.The risk minimum standards describe the minimum levels of control required within GTS during a transaction life cycle......
- A.
True
- B.
False
- 7.How do you manage risk? By being a_______ble for the actions you take (Please fill in the full word NOT only the missing letters)
- 8.How do you manage risk? By ensuring you are familiar with all the GTS p______s & p________s (Please fill in the full 2 words NOT only the missing letters with a space inbetween the words eg. car bike)
- 9.How do you manage risk? Ensuring that your solutions are long term & s_______ble (Please fill in the full word NOT only the missing letters)
- 10.When managing risk, Functional Area Heads are individually accountable for risk exposure in their respective areas with GTS Risk & Finance being solely responsible for managing risk across the Bank, CIB & GTS.......
- A.
True
- B.
False
- 11.Every employee in GTS has a responsibility to identify & report a risk event.....
- A.
Before they happen
- B.
As soon as they have happened
- C.
A & B
- 12.You will find the GTS risk minimum standards on the.......
- A.
On Oracle
- B.
FirstRand website
- C.
GTS Portal
- 13.The potentional impacts of risk not being identified and effectively managed in a business are:
- A.
Financial Loss
- B.
Reputational Damage
- C.
Litigation
- D.
Service Delays
- E.
Ineffective Processes
- F.
Increased Administration
- G.
All of the above
- 14.High rates of absenteeism, low morale, staff defalcations & blatant breeches of policy cause failure in which operational risk driver......
- A.
Processes
- B.
People
- C.
Systems
- D.
External Factors
- 15.The CRO, Risk Managers & Risk Committees form the 2nd line of defence & need to.......
- A.
Drive continuous improvement by investing in systems, processes & people
- B.
Have a strong oversight of risk across GTS, such as operating loss tracking
- C.
A & B
- 16.How do you manage risk? Continuously i_____e & i_____te - always look for opportunities to improve processes & systems in order to reduce risk (Please fill in the full 2 words NOT only the missing letters with a space inbetween the words eg. car bike)
- 17.How do you manage risk? Knowledge sharing - always report r___ i_______s & learn from them (Please fill in the full 2 words NOT only the missing letters with a space inbetween the words eg. car bike)
- 18.In terms of the Risk Partnership Model, all GTS employees are required to adhere to the ‘GTS Way’ in terms of operational risk which means we are able to...
- A.
Conduct open discussions
- B.
If necessary, voice constructive criticism
- C.
Say no if required
- D.
All of the above
- 19.GTS aims to eliminate all risk exposure by adopting a zero tolerance policy for any form of risk in the business...
- A.
True
- B.
False
- 20.Damaged hardware, outdated technology, workflow "bottlenecks" & a lack of effective standing operating procedures cause failure in which operational risk driver(s).... (There may be more than one correct answer, you should tick all correct answers)
- A.
Processes
- B.
People
- C.
Systems
- D.
External Factors
- 21.FirstRand Bank Ltd, CIB & Group Internal Audit form the 3rd & final line of defence & need to......
- A.
Drive continuous improvement by investing in systems, processes & people
- B.
Have a comprehensive audit oversight
- C.
A & B
- 22.GTS employees are required to report both actual & potential risks to their Risk Managers as soon as they become aware of it......
- A.
True
- B.
False
- 23.What do the GTS risk minimum standards mean for you? As an employee of GTS you need to.....
- A.
Understand the contents of these standards
- B.
Apply these standards to your role & daily activities
- C.
Consider the requirements before proposing changes
- D.
All of the above
- 24.What do you need to manage risk? Understand the entire _is_ p____ss (Please fill in the full 2 words NOT only the missing letters with a space inbetween the words eg. car bike)
- 25.What do you need to manage risk? Understand the i_____ you have on processes (Please fill in the full word NOT only the missing letters)
Questions: 15 | Attempts: 10833 | Last updated: Mar 22, 2022
-
Sample QuestionName a clinical trial in which blood is transfused from recovered COVID-19 patients to a coronavirus patient who is in critical condition?
Questions: 15 | Attempts: 2825 | Last updated: Mar 22, 2022
-
Sample QuestionAccording to the National Center for Education Statistics, what is the percentage of U.S. schools with no teachers of color on staff?
Questions: 15 | Attempts: 2200 | Last updated: Mar 19, 2022
-
Sample QuestionAn employee informs you as a supervisor that he/she just took medication prior to clocking in for work. Would you assign him/her to perform?
Back to top