Assignment Task:
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.