Certified Regulatory Compliance Manager (CRCM) — Question 5

A compliance professional's responsibilities include all of the following EXCEPT:

Answer options

• A. Understanding the business units operating environment and risk tolerance
• B. Performing risk assessments with the assistance of business units to determine current risk levels and risks associated with the bank's products, lines of business, customers, and locations, among other factors
• C. Working with business units to ensure prompt corrective action for any detected errors
• D. Assisting business lines with compliance training for employees, as needed

Correct answer: D

Explanation

The correct answer is D because while compliance professionals may provide support, the primary responsibility for training employees typically lies within the business lines themselves. Options A, B, and C are fundamental responsibilities of a compliance professional, focusing on understanding risks, conducting assessments, and ensuring corrective actions are taken.