Operations Risk Management Module (Intermediate) Practice 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
• Employees in the financial services sector
• Anyone with an interest in the subject

Exam Details

• Exam Name: Operations Risk Management Module (Intermediate)
• Exam Languages: English
• Exam Questions: 75 Questions
• Passing Score: 60%

Exam Course Outline 

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

Topic 2: Understand Trades in the Secondary Market

• Trade Intermediaries
• Screen-Based Trading System
• NEAT System
• Order Management
• Trade Management
• Risk Management in Trades

Topic 3: Learn about Clearing & Settlement of Trades

• Transaction Cycle
• Clearing
• Settlement
• Settlement Risks
• 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
• Detailed Loss Event Type Classification
  

Topic 6: Understand Basel II: Operational Risk

• The Three Methods
• Mix of Three Methods
• SIGOR (June 2011)

Topic 7: Learn about Basel: Operational Risk Principles

• Background
• The Principles

Topic 8: Understand Basel: Audit

• External Audit
• Audit Committee
• Internal Audit