DB 4 Ebony Brown References and Corrections.docx - Ebony M...

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Ebony M. Brown1
JP MORGAN CHASE & CO.Table of ContentsAbstract…………………………………………………………………………………….3I.Governance, Risk, and Compliance (GRC)Compliance Requirement………………………………………………………… 4Compliance Standards……………………………………………………………. 6II.Analyzing the Business to Determine RiskData Scheme ……………………………………………………………………... 7oConfidential Data………………………………………………………......7Risk………………………………………………………………...8Prevention Guidelines……………………………………………...8oPublic Data…………………………………………………………………8Risks………………………………………………………………..9Prevention Guidelines………………………………………………9oRestricted Data……………………………………………………………...9Risks………………………………………………………………..10Prevention Guidelines……………………………………………...10 III.Choosing a Risk Framework to Manage RiskRisk Management Framework……………………………………………………..10oRisk Assessment Preparation……………………………………................11oRisk Assessment Conduction………………………………………………12oRisk Assessment Information Sharing and Communication……………….12oRisk Assessment Maintenance……………………………………………..12IV.Risk Management Strategy and Risk Treatment MethodsInherent Risk……………………………………………………………………….12Risk Treatment Methods…………………………………………………………...12oA……………………………………………………………………………12oB……………………………………………………………………………13oC……………………………………………………………………………13oD……………………………………………………………………………13Risk Treatment Controls Aligning………………………………………………....14Residual Risk…………………………………………………………………………………14V.Conclusion………………………………………………………………………….14VI.References………………………………………………………………………….152
Abstract3
JP Morgan Chase & CompanyCompliance Requirements JP Morgan Chase & Company is an entity that implements, honors, and abides by the compliance legal laws, rules, and regulation to better protect their operations as well as their customers. JP Morgan Chase primarily deals with banking and is part of an industry with high regulation and requires of high level of fairness, protection, and ethical behaviors and actions. JP Morgan Chase prides itself on not only complying with the technical aspects of the compliance laws, but also adopting a company culture the practices and shapes ethical attitudes, behaviors, and actions in general. Compliance laws are generally put in place to protect the reputation of not only the customers, but for JP Morgan Chase as well. It is implemented to protect both parties personal information and to mitigate or prevent any illegal or deceptive activities that may cause harm or detrimental results. Violating the law — or engaging in unfair,deceptive and abusive acts or practices — may weaken customer confidence and put our reputation at risk, and can result in regulator criticism, legal action, fines and penalties, and other negative repercussions for our Company. (2019 JPMorgan Chase & Co.) The main purpose the company is trying to serve is to keep all confidential and private data safe, secure, and undisclosed. As an entity who promotes trust, respect, and loyalty, it is crucial for the company to implement, establish, and abide the

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