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    Risk Management April 24 Final Formatted Questions

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    Risk Management April 24 Final Formatted Questions

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    Risk Management April 24 Final Formatted Questions

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    healwaysforgets

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    CHARTERED INSTITUTE OF BANKERS, GHANA

    ASSOCIATESHIP EXAMINATION
    LEVEL IV
    RISK MANAGEMENT
    APRIL 2024
    N.B.
    1. Read carefully the instructions on the cover of the answer book.

    2. There are EIGHT questions in this paper. Candidates are to answer ANY FIVE
    QUESTIONS of their choice. EACH QUESTIONS CARRIES 20 MARKS.

    3. Marks are granted based on clarity of presentation, depth of understanding of the issues
    involved, and firm demonstration of how candidates view Risk Management as pertinent
    to modern Banking Operations. Marks are to be awarded as indicated against the
    respective questions or their sub-divisions.

    4. Bonus marks would be awarded for practical examples in day to day Local and
    International Banking Operations as opposed to merely citing Theoretical or Abstract
    Concepts.

    5. Time allowed: THREE HOURS

    6. Candidates must ensure that they answer questions in the appropriate answer book and not
    on loose sheets which are used only as supplementary sheets. Such answers will not be
    marked.

    7. DO NOT WRITE YOUR NAME ON THE ANSWER BOOK.

    8. DO NOT OPEN THIS QUESTION PAPER UNTIL INSTRUCTED TO DO SO.

    CIB GH 04-24 RISK MANAGEMENT LEVEL IV Page 1


    ANSWER ANY FIVE QUESTIONS
    QUESTION 1
    (a) Explain the concept of Risk and Control Self-Assessment (RCSA) and the steps involved in
    crafting this essential Risk Management tool. (10 marks)

    (b) Mention and explain the significance of recording historical or past events in the Operational
    Risk Management Space in each business unit. (5 marks)

    (c) How does the RCSA differ from an Incident Management System? (5 marks)

    [Total: 20 marks]

    QUESTION 2

    Discuss the key advantages of a resilient Business Continuity Management Plan. (20 marks)

    QUESTION 3

    (a) Bank of Ghana has requested the various Commercial Banks to come up with proposals for
    Recapitalisation following the effects of the Domestic Debt Exchange Programme (DDEP).

    Recommend to your Board the various sources for this Recapitalisation, explaining how feasible
    these are to obtain regulatory approval. (10 marks)

    (b) Explain Regulatory Capital, emphasizing how it is computed and its relevance in the Capital
    Management Scheme of a bank’s ALCO. (5 marks)

    (c) Explain Economic Capital. Distinguish Economic Capital from Regulatory Capital.(5 marks)

    [Total: 20 marks]

    QUESTION 4

    Improper exercise of the Board’s oversight responsibility in Enterprise Risk Management can lead
    to catastrophic consequences.

    Discuss in detail, at least five (5) key consequences (effects) arising from such executive lapses.

    (20 marks)

    CIB GH 04-24 RISK MANAGEMENT LEVEL IV Page 2


    QUESTION 5

    (a) What is “Cyber Security” in the context of Information Security Management?

    (10 marks)

    (b) What are the key sources of vulnerabilities in the Cyber Space of Banking Businesses?

    (5 marks)

    (c) Why has Cyber Security assumed such importance in Contemporary Banking? (5 marks)

    [Total: 20 marks]

    QUESTION 6

    Discuss broadly five (5) key areas to be addressed by a Treasury Policy, indicating why these are
    critical for the effective functioning of the Treasury Department in its capital maintenance,
    liquidity and income generation functions. (20 marks)

    QUESTION 7

    Discuss at least five (5) key risk implications arising from the inevitable outsourcing of aspects
    of the banks’ operations and collaboration with Telecommunication and Fintech companies.
    (Hint - Discuss operational risk perspectives) (20 marks)

    QUESTION 8

    Improper Liquidity Management and weak Corporate Governance practices have caused the
    collapse of Ghanaian banks in the past.

    Discuss any five (5) internal or regulatory measures that these banks could have resorted to in a
    bid to avoid liquidation. (20 marks)

    CIB GH 04-24 RISK MANAGEMENT LEVEL IV Page 3

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