From Kelvin To, Data Boiler Technologies, LLC.

The objective of this survey is to identify improvement opportunities across front-office control, risk, compliance and audit (i.e. the 3 Lines of Defense model). There are 10 closed-end questions, which should take no more than 3 minutes to complete. Your responses are anonymous. Please email info@databoiler.com if you have any questions regarding this survey. Thanks for your participation!

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* 1. Which Line of Defense (LOD) does your role fall into?

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* 2. Have you and/or your risk and compliance teams been fidgeted lately, because:

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* 3. How much do you agree with the following statements?

  Totally Agree Agree Disagree Totally Disagree
Misaligned incentives for risk-takers in First Line of Defense
Lack of skills and expertise in Second Line functions
Lack of organizational independence of functions in Second Line of Defense
Inadequate and subjective risk assessment performed by the Third Line of Defense (Internal Audit)

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* 4. What is the proportion of resources being deployed to each Line of Defense (LOD) at your firm?
[Total should add up to 100%]

  15% and below 16-30% 31-35% 36-50% 51% and up
1st LOD
2nd LOD
3rd LOD

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* 5. Please check mark the following statement(s) that matches your observations of the 3 Lines of Defense (LOD) at your firm.

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* 6. How would you describe the relationships between the 3 Line of Defense within your firm?

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* 7. Risk management failure is mainly a result of?

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* 8. Please select the statement that best describes your observation of how management shaped their priorities.

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* 9. Please rank the priority of the following improvement areas.
[1 being the most urgent need, 4 being the least priority]

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* 10. Please select the statement that best represents your firm's "Budget Reality" versus "Your Preference".

  No budget to do anything with 3 LOD, except for specific compliance initiatives Most control systems aren't worth upgrading because business is down Savings from 3 LOD project will be able to fund system developments Betting on innovative risk control technology to drive competitive advantages
Budget Reality
Your Preference

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