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The Compliance Risk Management function is in the Bank's 2LOD (second line of defense) and is responsible for ongoing monitoring and oversight of risks associated with the organization. The second line is independent from the first line to provide objectivity and credible challenge. This department works directly with all business units to develop a strong and robust risk mitigation environment to aid in the growth processes to ensure adherence to policies. The VP Risk Assessment & Regulatory Change evaluates and ensures that an organization's operations and procedures meet compliance standards. The role reports to the Director of Risk Assessment and is part of the Corporate Compliance department.