M2020-624 Exam Questions & Answers

Exam Code: M2020-624

Exam Name: IBM Risk Analytics for Governance Risk and Compliance Sales Mastery Test v1

Updated: Apr 30, 2024

Q&As: 24

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Practice These Free Questions and Answers to Pass the IBM Business Analytics Exam

Questions 1

What regulations or areas of regulations would a typical public multinational firm be subject to that can be addressed using the OpenPages GRC framework model?

A. Employee Privacy (FDIC), Public Health and Safety, Health and Human Services

B. Privacy (Gramm-Leach-Bliley Act), Industry specific (Basel II), Government (Dodd- Frank Act)

C. Consumer Credit Protection Act (FDIC), Energy and Utilities Acts

D. Credit Risk and Regulatory Capital, Counterparty Credit Risk

Show Answer
Questions 2

IBM OpenPages solutions enable customers to manage risk and compliance initiatives across the enterprise. Which one of the following is a feature of the IBM OpenPages GRC Platform?

A. Optimize business performance

B. Change customers' existing methodology

C. Predictive analytics framework

D. XBRL reporting

Show Answer
Questions 3

OpenPages solutions provide the capability to integrate with other IBM analytics products. What IBM analytics tools provide the ability to uncover unexpected patterns, trends and associations from their risk and compliance data?

A. Websphere, SPSS

B. Cognos, SPSS

C. TM1, Tivoli

D. Lombardi, Cognos

Show Answer
Questions 4

GRC solutions assist with overcoming the challenges of managing risk across the organization. What is one of the key capabilities with using a GRC tool to overcome these challenges?

A. Disparate systems, multiple data marts and spreadsheets

B. No visibility into risk posture

C. Centralized, multi-regulatory platform

D. Integration with social media

Show Answer
Questions 5

Convergence is the key to maximizing an organization's governance efforts in today's high profile regulated industries. What are 4 steps towards effective risk and compliance management?

A. Manual, operationalize, identification, reporting

B. Recognize, harmonize, synchronize, rationalize

C. De-synchronize, transparency, harmonize, visibility

D. Decrease agility, decrease visibility, flexibility, and configurability

Show Answer

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