Operations Risk Management Module (Intermediate) Practice Exam
Operations Risk Management Module (Intermediate) Practice Exam
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No. of Questions139
AccessImmediate
Access DurationLife Long Access
Exam DeliveryOnline
Test ModesPractice, Exam
Operations Risk Management Module (Intermediate) Practice Exam
Each business navigates within both internal and external realms, each fraught with inherent risks that can impact operations. Operational risk management serves as a strategic approach, facilitating the assessment of risks, decision-making concerning risks, and the deployment of controls to either accept, mitigate, or avoid these risks, thus playing a crucial role in business operations.
Who should take the exam?
The Operations Risk Management Module (Intermediate) exam is designed for those having:
In-depth knowledge of operations risk management.
Skills to identify operations risk issues.
Ability to understand approaches to mitigate operations risk issues.
Some other specific audiences include:
Students pursuing careers in finance, risk management, or a related field. Finance professionals
The Operations Risk Management Module (Intermediate) Exam covers the given topics -
Topic 1: Overview of Operations Risk
Risk & Uncertainty
The Financial Sector
Risk Types
Operations Risk
Operations Risk Management
Recruitment & Training
Work Flow Design
Work Flow Documentation
Delegation of Authority
Independent Internal Audit
Independent Compliance Function
Independent Risk Management Function
Systems Audit
Corporate Governance
Whistle Blower Policy
Risk Management Culture
Topic 2: Understand Trades in the Secondary Market
Trade Intermediaries
Stock Broker
Trading Member (TM)
Clearing Member (CM)
Authorised Persons
Sub-brokers
Screen-Based Trading System
NEAT System
Corporate Manager
Branch Manager
Dealer
Order Management
Entering Orders
Modifying Orders
Cancelling Orders
Order Matching
Trade Management
Risk Management in Trades
Topic 3: Learn about Clearing & Settlement of Trades
Transaction Cycle
Clearing
Settlement
Pay-in of Funds and Securities
Pay-out of Funds and Securities
Settlement Risks
Counter-Party Risk
System Risk
Risk Management
Investor Protection
Topic 4: Learn about Workflow Design
Front Office, Middle Office & Back Office
Risk Events
Topic 5: Overview of BASEL
Bank for International Settlements (BIS)
Basel Accords
Basel I
Basel II
BASEL III
Detailed Loss Event Type Classification
Topic 6: Understand Basel II: Operational Risk
The Three Methods
Basic Indicater Approach
The Standardised Approach
Advanced Measurement Approaches
Mix of Three Methods
SIGOR (June 2011)
Risk Appetite & Risk Tolerance
ORMF & ORMS: Verification & Validation
Embeddedness
Operational Risk Data
Gross Loss & Net Loss
Dates
Distributions
Topic 7: Learn about Basel: Operational Risk Principles
Background
The Principles
Topic 8: Understand Basel: Audit
External Audit
Audit Committee
Internal Audit
What We Offer?
Full-Length Mock Tests that include unique, exam-style questions to help you practice under real conditions.
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All question sets reflect the latest exam syllabus and format.
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