Gts Risk Awareness Quiz

27 Questions | Total Attempts: 294

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Awareness Quizzes & Trivia

Questions and Answers
  • 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)
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