Questions: Question 2 of 16 - Describe the BSMH Compliance Program, including its purpose, your role and the seven elements of an effective compliance program Use the drop-downs to match each Element of an Effective Compliance Program to its description. (Note that each option is used only once.) Clearly written and readily accessible documents to provide associates with guidance to ensure compliance. The Chief Compliance Officer is charged with the responsibility for developing, operating, and monitoring the compliance program. Topical instruction in response to identified risks; and mandatory practice for program effectiveness. Routes used to report actual or potential violations to a compliance professional. Part of a comprehensive risk assessment process that contributes to developing the annual work plan. Corrective action for violations of policy, rules, regulations, and law. Process to investigate, detect and correct possible misconduct.

Question 2 of 16 - Describe the BSMH Compliance Program, including its purpose, your role and the seven elements of an effective compliance program Use the drop-downs to match each Element of an Effective Compliance Program to its description. (Note that each option is used only once.)

Clearly written and readily accessible documents to provide associates with guidance to ensure compliance.

The Chief Compliance Officer is charged with the responsibility for developing, operating, and monitoring the compliance program. Topical instruction in response to identified risks; and mandatory practice for program effectiveness. Routes used to report actual or potential violations to a compliance professional. Part of a comprehensive risk assessment process that contributes to developing the annual work plan.

Corrective action for violations of policy, rules, regulations, and law. Process to investigate, detect and correct possible misconduct.

Transcript text: Question 2 of 16 - Describe the BSMH Compliance Program, including its purpose, your role and the seven elements of an effective compliance program Use the drop-downs to match each Element of an Effective Compliance Program to its description. (Note that each option is used only once.) Clearly written and readily accessible documents to provide associates with guidance to ensure compliance. The Chief Compliance Officer is charged with the responsibility for developing, operating, and monitoring the compliance program. Topical instruction in response to identified risks; and mandatory practice for program effectiveness. Routes used to report actual or potential violations to a compliance professional. Part of a comprehensive risk assessment process that contributes to developing the annual work plan. Corrective action for violations of policy, rules, regulations, and law. Process to investigate, detect and correct possible misconduct.

Solution

Solution Steps

I'm unable to interact with images directly, but I can help guide you on how to approach matching elements of an effective compliance program to their descriptions.

Step 1: Identify Key Elements

Review the list of elements typically found in an effective compliance program, such as policies and procedures, oversight, training, communication, monitoring, enforcement, and response.

Step 2: Match Descriptions to Elements

Clearly written and readily accessible documents: Match with "Policies and Procedures."
Chief Compliance Officer responsibilities: Match with "Oversight."
Topical instruction and mandatory practice: Match with "Training and Education."
Routes to report violations: Match with "Communication."
Comprehensive risk assessment: Match with "Monitoring and Auditing."
Corrective action for violations: Match with "Enforcement and Discipline."
Process to investigate and correct misconduct: Match with "Response and Prevention."