Creating a risk matrix for a compliance risk management plan

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Reference no: EM133505855

Question: The project requires you to draft the fundamentals of a compliance risk management plan for a credit/loan agency with an accompanying report consisting of the following:

1. Creating a risk matrix for a compliance risk management plan

2. Designing controls

3. Creating a risk monitoring plan along with a supporting essay

The function and relevance of the tabs are as follows:

Compliance risk management plan: This tab contains the compliance risk management plan template, as well as the compliance monitoring plan.Risk matrix: This tab contains the risk matrix that you will use to assign risk ratings to each risk you identify.
Risk rating scales: This tab contains generic risk impact and risk likelihood scales that you will edit to better suit the context of your chosen organisation.
Control design considerations: In this tab, you will outline the information you have gathered in order to design the controls, which you will then insert into the first tab.
Monitoring rationale: In this tab, you will outline the information you have gathered in order to populate the compliance monitoring plan.

Reference no: EM133505855

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