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