[Free] 2017(Nov) EnsurePass Dumpsleader IBM M2070-740 Dumps with VCE and PDF 11-20

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IBM Risk Analytics for Governance Risk and Compliance Sales Mastery Test v1

Question No: 11

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?

  1. Optimize business performance

  2. Change customers existing methodology

  3. Predictive analytics framework

  4. XBRL reporting

Answer: A

Reference:http://www-03.ibm.com/software/products/en/openpages-grc-platform/

Question No: 12

OpenPages GRC can be extended to address other areas of risk and complianceinitiatives.

What functional areas or processes could buyers benefit from when using the OpenPages GRC Platform?

  1. Vendor risk management, business continuity management

  2. Credit risk, liquidity risk

  3. Human resources, expense reporting

  4. IT governance, marketing campaigns

Answer: A

Question No: 13

The Enterprise Governance, Risk and Compliance (EGRC) platform market derives from the need for entities to improve the oversight of corporate governance.

What is one definition of EGRC?

  1. The state or fact of according with or meeting rules and standards.

  2. A risk arising from execution of a company#39;s business functions.

  3. The management, measurement, remediation and reporting of controls and risks against objectives in accordance with rules, regulations, standards, policies and business decisions.

  4. A set of agreements set by the Basel committee on Bank Supervision, which provides recommendations on banking regulations to capital.

Answer: C

Question No: 14

Which one of the following capabilities is NOT necessary for a fully scalable integrated risk and compliance management solution?

  1. Document management and workflow

  2. Issue remediation, integrated dashboards and dimensional reporting

  3. Disparate systems and reporting

  4. Surveys, assessments and key metrics

Answer: D

Question No: 15

Which of the following statements is a principle of GRC convergence?

  1. Requires collaboration and coordination.

  2. Enables the client to assess risks many times and satisfy few.

  3. Is a natural occurrence in any organization.

  4. Has no impact on the culture or theorganization.

Answer: B

Question No: 16

Which statement reflects one of the benefits of the IBM OpenPages GRC platform?

  1. OpenPages provides a method to calculate Monte Carlo based calculations to assess risks.

  2. Empowers IT to be the focal point of all decision making activities with in the organization.

  3. OpenPages provides static reports which can be used by all.

  4. Empowers decision makers with scalable interactive reporting, decision support, and forecasting tools.

Answer: D

Reference:http://www.sempreanalytics.com/files/IBM_OpenPages_GRC_Platform.pdf(4th bullet on the page)

Question No: 17

What roles are held within and organization by the primary buyers of Governance. Risk and Compliance (GRC) solutions?

  1. IT Managers, Customer Support Managers

  2. Chief Risk Officer (CRO), Chief Compliance Officer (CCO), Chief Information Officer (CIO), Chief Financial Officer (CFO)

  3. Human resource manager

  4. Marketing Director

Answer: B

Question No: 18

What are the key trends that drive Governance, Risk andComplianceinitiatives?

  1. Regulatory oversights and risk quantification

  2. Lack of visibility into risk exposure

  3. Decreasing governance demands

  4. Siloed risk and compliance initiatives

Answer: D

Question No: 19

OpenPages PCM is a critical component of implementing an enterprise-wide governance and risk framework.

Which benefit can be found within OpenPages PCM?

  1. Provides the compliance team with the ability to view and monitor overall organizational compliance posture in single dimensions.

  2. Provides a static approach to compliance that with standardized procedures and naming conventions.

  3. Delivers static reports that can be used to ensure compliance risks are understood and guarantee that issues are remediated quickly.

  4. Provides the compliance team with the ability to view and monitor overall organizational compliance posture in multiple dimensions.

Answer: A

Reference:http://www.nexdimension.net/wp-content/uploads/2013/04/ibm-openpages- policy-compliance-management-government-regulatory.pdf(page 2, see the table, 3rdrow, 3rdcolumn)

Question No: 20

What is one benefit formaintaininga centralized library of laws, regulations, and best practices?

  1. Harmonized compliance programs for departments and focus areas to promote a standardized and efficient compliance approach

  2. Unstructured documentation and remediation of regulatory requirements

  3. Non standard compliance for all regulations to deliver a holistic understanding of all compliance risks

  4. De-centralized repository for managing and synchronizing governance with multiple regulations

Answer: A

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[Free] 2017(Nov) EnsurePass Dumpsleader IBM M2070-740 Dumps with VCE and PDF 1-10

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IBM Risk Analytics for Governance Risk and Compliance Sales Mastery Test v1

Question No: 1

What is one key question to ask your prospects who are evaluating Governance, Risk and Compliance solutions?

  1. How does your organization currently document and report on employee new hire sales training certifications?

  2. How effective are your current sales metrics?

  3. What is your organization currently using to document, test and report on your financial control compliance?

  4. Do you have visibility into your sales pipeline throughout your organization?

Answer: C

Question No: 2

What does the IBM OpenPages GRC Platform allows organizations to do?

  1. Manage a predictive analytics framework to report to multiple regulators.

  2. Manage XBRL content for Solvency II Pillar 3 requirements.

  3. Manage risk and compliance across multiple regulations, including Basel II and Solvency II.

  4. Manage risk and compliance across multiple regulations, excluding Basel II and Solvency II.

Answer: C

Question No: 3

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?

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

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

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

  4. Credit Risk and Regulatory Capital. Counterparty Credit Risk

Answer: D

Question No: 4

Which indicator should alert you to an OpenPages GRC opportunity?

  1. Collaborate and automated systems defined by line of business managers

  2. Robust reporting and non-redundant risk and controls data collection

  3. Integrated, inexpensive approaches to data collection

  4. Line of business managers lack risk data and reporting intelligence to evaluate risk exposure

Answer: D

Question No: 5

Analyst reports (Gartner and Forrester) have named IBM OpenPages as one of the leaders for enterprise Governance. Risk and Compliance platforms.

Who are three main competitors who have been identified by the analysts in this space?

  1. BWise. Thomson Reuters. Oracle

  2. Oracle. Microsoft. SAP

  3. SAP. BWise, HP

  4. Oracle. Archer. SAS

Answer: A

Reference:http://www.citia.co.uk/content/files/magic-quadrant-for-enterprise-governance- risk-and-compliance-platforms-2012_70384698.pdf(page 2)

Question No: 6

According to the CRO Forum with regard to Operational Risk and Solvency II, quot;At the heart of operational risk management is a clear understanding of the operational risk events that may occur and the strength of the company#39;s processes and mitigation activities to prevent or respond to such eventsquot;.

From the list below, what should an operational risk management system encompass?

  1. Risk policy. Risk appetite. Risk tolerance. Risk identification. Risk assessment. Risk monitoring and Risk mitigation

  2. Risk policy. Risk appetite. Risk scaling and Risk mitigation

  3. Risk policy. Risk scripting. Risk tolerance. Risk identification. Risk Assessment, Risk monitoring and Risk mitigation

  4. Risk policy. Risk predictions. Risk tolerance. Risk identification. Risk Assessment. Risk monitoring and Risk mitigation

Answer: D

Question No: 7

What is one of the most common issues to listen for from a client who would benefit from deploying IBM OpenPages GRC solution?

  1. The client is looking for an advanced calculation engine to calculate capital and market values.

  2. The organization is designed around a siloed approach, resulting in redundant data collection and an expensive model to maintain.

  3. Business users would like to be more proactive and look for trends in the business using predictive analytics.

  4. Report users require a XBRL format report to present to regulators.

Answer: C

Question No: 8

A recent International Data Corporation (IDC) Worldwatch study revealed that an average

$500 million corporation issubjectto at least 35 – 40 regulatory mandates. GRC solutions assist with managing regulatory mandates in a central library for automation and reporting.

Which regulations below would a financial institution not be responsible for adhering to?

  1. Basel II

  2. Solvency II

  3. Sarbanes-Oxley

  4. Carbon Reduction Commitment

Answer: D

Question No: 9

There are many competitive differentiators with IBM OpenPages Governance, Risk and Compliance solutions.

Which option is not a competitive differentiator?

  1. Fully integrated risk management platform

  2. Flexible, patented metadata-driven object model

  3. Extensive business intelligence and reporting dashboards

  4. Non-configurable object model and reporting engine

Answer: D

Question No: 10

Which option is not a pain point when selling a Governance. Risk and Compliance solution to the identified buyers?

  1. Line of business managers lack risk data and intelligence to evaluate risk exposure

  2. Lack of a central repository to track risk and control self assessments

  3. No integrated reporting across risk management activities

  4. Automated system to report risk exposure trends

Answer: D

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[Free] 2017(Nov) EnsurePass Passguide IBM M2070-740 Dumps with VCE and PDF 21-30

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IBM Enterprise Content Management Sales Mastery Test v3

Question No: 21

What is the average cost to mail a paper statement?

  1. 1-3 dollars

  2. 3-6 dollars

  3. 6-9 dollars

  4. 9-12 dollars

Answer: B

Question No: 22

Which of the following could be classified as ROT Data?

  1. Operational records that need to be retained

  2. Records data hidden in piles of unstructured data

  3. Trivial data that has no value to the company or the user

  4. High-value company information that needs to be identified

Answer: C Explanation:

The IBM庐 Legacy Data Cleanup solution improves information economics through the clean up of redundant, obsolete and trivial (ROT) data. It can remediate regulated data according to personally identifiable information (PII), payment card industry (PCI), Health Insurance Portability and Accountability Act (HIPPA) and human resources policies and improve the security of data with high-business value. The Legacy Data Cleanup solution helps organizations increase the value derived from data while reducing the costs and risks associated with managing it.

Reference:http://www-03.ibm.com/software/products/en/legacy-data-cleanup

Question No: 23

Which common retention schedule gaps are resolved by the IBM Records and Retention Management solution?

  1. Linkage of relevant legal citations to each of the record classes

  2. Efficient management and application of their retention schedules across multiple jurisdictions

  3. Enforce certified records management practices on electronically stored information

  4. All of the above

Answer: C

Reference:http://www.redbooks.ibm.com/redbooks/pdfs/sg247389.pdf

Question No: 24

IBM Case Manager includes key differentiators across the competition including:

  1. Based on an industry leading BRMS (business rules) platform

  2. Rapid time-to-value with template support and a LOB based design environment

  3. Based on an industry leading collaboration platform

  4. All of the above

Answer: A

Question No: 25

How does Case Manager uniquely provide the best solution platform that integrates with ECM?

  1. Case Manager provides special user interfaces to deal with documents

  2. Case Manager is built and based on the industry standard content management API called CMIS.

  3. Case Manager uses the IBM Content Navigator framework

  4. All of the above.

Answer: C

Question No: 26

When looking for a good candidate for Advanced Document Imaging and Branch Automation Solutions, what organization characteristics should you look for?

  1. Large organizations in the paper-intensive industries of banking, insurance, healthcare, government and manufacturing

  2. Widely dispersed organizations that have branches or regional offices where documents are generated or received

  3. Organizations that process, store and distribute paper documents internally and looking to digitize and streamline costs.

  4. All of the above

Answer: A

Question No: 27

How does Datacap software assure that a new application has been entirely filled-in?

  1. Datacap verification checks can review that data is populated in all key fields. If missing, it sends an email to branch personnel before the customer has left the branch

  2. Datacap sends the file overseas to a team of verifiers who comb through each application

  3. Datacap rules will not allow a document to be scanned unless it is filled in

  4. Datacap provides a step-by-step guide for the customer to follow when filling in the form

Answer: A

Question No: 28

The following are reasons why access to information is key. Which is not an ICM OOTB capability?

  1. Capture and activation of information in the context of a case

  2. Access to web based news sources

  3. Access to critical content for decisions, as evidence in a case and as a source for deeper insights

  4. Virtually 360-degree view of case information

Answer: C

Question No: 29

Which of the following Datacap features help to eliminate expensive, error-prone manual data entry problems associated with document imaging?

  1. Keyword search

  2. Optical character recognition (OCR) and text analytics

  3. Math calculations

  4. All of the above

Answer: B Reference:http://pic.dhe.ibm.com/infocenter/classify/v8r8/index.jsp?topic=/com.ibm.cla ssify.admin.doc/c_AG_datacap_int.htm

Question No: 30

Customers that require Social Tools like blogs and wikis and Back-office ECM solutions also need:

  1. IBM Content Navigator

  2. IBM Connections Enterprise Content Edition

  3. IBM Connections Content Manager

  4. IBM WebSphere Portal

Answer: C

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