IRM International Certificate In Operational Risk Management Practice Questions - Institute Of Risk Management International Certificate In Operational Risk Management Exam

Under the IIA Three Lines Model (formerly Three Lines of Defence), what primary role is performed by the First Line?

Owning, managing, and directly executing day-to-day risk management activities within business operations Providing independent and objective assurance on risk governance and control effectiveness Establishing risk management policy standards and challenging operational risk assessments Approving the overall enterprise risk appetite statement and setting business strategy

Correct Answer:

Owning, managing, and directly executing day-to-day risk management activities within business operations

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