MANAGEMENT

Detailed explanation-1: -A Risk Compliance Manager coordinates the creation, review and implementation of policies and procedures established by the agencies that regulate the company. Compliance Managers apply and interpret audit and compliance requirements for various departments.

Detailed explanation-2: -Who is responsible for the completion of risk assessments? It is the responsibility of the employer (or self-employed person) to carry out the risk assessment at work or to appoint someone with the relevant knowledge, experience and skills to do so.

Detailed explanation-3: -Who is a Compliance Officer? Compliance Officers are responsible for ensuring that all corporate processes and procedures comply with the law. And not only the law-a Compliance Officer is also responsible for ensuring that company operations comply with internal standards too.

Detailed explanation-4: -Every staff member is responsible for effective management of risk including the identification of potential risks. Risk management processes should be integrated with other planning processes and management activities.