RSK4801
Assignment 2 2024
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Due Date: 12 July 2024
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, QUESTION 1 (2 DIFFERENT ANSWERS PROVIDED)
Effective risk management has become increasingly critical for organizations,
especially in light of the global challenges seen in recent years—be it the
COVID-19 pandemic, severe power interruptions, or other crises. Within this
context, understanding the distinct roles of various risk management functions
becomes essential.
The differences between the roles of the head of operational risk management
and those of the third line of defence, which is primarily represented by internal
audit are as follows.
THE HEAD OF OPERATIONAL RISK MANAGEMENT
Risk Framework Implementation
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