The role of finalizing strategy, policies, and procedures for a Security Operations Center (SOC) typically falls under the responsibilities of a Chief Information Security Officer (CISO). The CISO is a senior-level executive within an organization who coordinates and manages the overall strategy and defense mechanisms to protect the organization's information and technology assets. This role involves leadership and strategic decision-making, which includes establishing the SOC's framework, defining its policies, and overseeing its procedures.
References: The EC-Council provides various resources and guides that outline the roles and responsibilities within a SOC. According to the information available, a Security Analyst, whether Level 1 or Level 2, is primarily responsible for monitoring and analyzing the organization's security posture on a continuous basis.
A Security Engineer focuses on the design and implementation of security systems. In contrast, the CISO role encompasses a broader scope of strategic leadership and management, which aligns with the responsibilities described for John in the scenario12.

In a Risk Matrix, risk levels are determined by the intersection of the likelihood of an occurrence (probability) and the consequence of that occurrence (impact). When the probability of an event is very high and the impact is major, it typically falls into the 'Extreme' category. This is because the combination of a high likelihood and major impact represents a scenario where the risk is unacceptable and requires immediate attention and mitigation measures.
References: The EC-Council's Certified SOC Analyst (CSA) course materials and study guides provide detailed information on assessing risks using a Risk Matrix. The course emphasizes the importance of understanding the Risk Matrix for effective security operations center (SOC) analysis. For more in-depth information, refer to the official EC-Council CSA study materials and resources12.