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Banking CRCM Exam
CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) (Page 2 )

Updated On: 12-Jan-2026
Page 2 of 276
PDF with 463 Questions

To be effective, compliance risk management professionals must design a framework to ensure that bank management understands the risks and the steps that must be taken to mitigate them. The many roles compliance professionals fill incorporate risk management aspects including:

  1. Coordinating regulatory exams to explain risks to examiners
  2. Overseeing compliance training targeting higher risk areas
  3. Tracking regulatory proposals and final rules to understand new risks
  4. All of these

Answer(s): D



There is no established template for documenting compliance risk. Each institution should develop a risk assessment that fits its risk profile. The components that are commonly used throughout the industry are as follows EXCEPT:

  1. Risk assessment
  2. Measuring key risk indicators
  3. Identifying key performance indicators
  4. Training the leadership of compliance regulation program

Answer(s): D



The compliance program should address plans to verify adherence to applicable regulations through:

  1. Ongoing monitoring to evaluate the program, self monitoring and corrective action
  2. Self monitoring
  3. Periodic reviews
  4. Ongoing monitoring to evaluate the program, self monitoring and periodic reviews

Answer(s): A



Which of the following should be done during research and interpreting regulations Compliance professionals in mitigating compliance risk?

  1. Track regulatory proposals
  2. Implementing final regulatory rules
  3. Understanding the business units' operating environment and risk tolerance
  4. Ranking solutions as high, moderate and low risk

Answer(s): A,B,D



In a compliance program, tactical compliance procedures should be integrated into business line procedures, such as how to deliver an Adverse Action Notice when an application is declined. In this case:

  1. Regulations should be applied consistently to procedures throughout the bank
  2. Revisions to procedures should be based on compliance expertise and not mere editing
  3. Providing solutions to mitigate any identified risk
  4. Assisting business units in developing or revising policies and procedures to reflect current regulatory requirements

Answer(s): A,B



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