Julius Christus is an AIMR member and a vice president in the Risk Control department of a major commercial bank. Julius
Posted: Sun Aug 07, 2022 5:57 pm
Julius Christus is an AIMR member and a vice president in the Risk Control department of a major commercial bank. Julius recently discovered that Jill Chapman had been grossly negligent in her duties involving monitoring of trading limits and violations by the trading desk. This is the first time Jill has been found to be remiss in her duties. Which of the following actions is the minimum necessary for Julius to be in compliance with Standard III (E) - Responsibilities of Supervisors?
A. Initiate an inquiry and take steps, such as placing limits on Jill's activities and increasing the monitoring of her activities to ensure that future violations do not occur.
B. Determine the extent of the violations and warn Jill in no uncertain terms that a repeat incidence would lead to her losing the job.
C. Terminate Jill's employment.
D. Report the misconduct to his superiors and warn Jill in writing that future misconduct would lead to immediate termination of employment.
A. Initiate an inquiry and take steps, such as placing limits on Jill's activities and increasing the monitoring of her activities to ensure that future violations do not occur.
B. Determine the extent of the violations and warn Jill in no uncertain terms that a repeat incidence would lead to her losing the job.
C. Terminate Jill's employment.
D. Report the misconduct to his superiors and warn Jill in writing that future misconduct would lead to immediate termination of employment.