8010 Exam Information and Guideline
Operational Risk Manager (ORM)
Below are complete topics detail with latest syllabus and course outline, that will help you good knowledge about exam objectives and topics that you have to prepare. These contents are covered in questions and answers pool of exam.
Exam Specification: 8010 Operational Risk Manager (ORM)
Exam Name: 8010 Operational Risk Manager (ORM)
Exam Code: 8010
Exam Duration: 3 hours
Passing Score: Not specified
Exam Format: Multiple-choice
Exam Delivery: Proctored online or at a testing center
Course Outline:
1. Introduction to Operational Risk Management
- Overview of operational risk and its importance
- Key concepts and terminology in operational risk management
- Roles and responsibilities of operational risk managers
2. Risk Assessment and Measurement
- Identification and categorization of operational risks
- Risk assessment techniques (qualitative and quantitative)
- Key risk indicators (KRIs) and risk measurement methodologies
3. Risk Control and Mitigation
- Designing and implementing risk control measures
- Risk mitigation strategies and best practices
- Controls monitoring and testing
4. Operational Risk Monitoring and Reporting
- Establishing an effective risk monitoring framework
- Key metrics and reporting requirements
- Role of technology in operational risk monitoring and reporting
5. Operational Risk Governance and Culture
- Roles and responsibilities of senior management and the board
- Establishing an effective operational risk governance framework
- Building a strong risk culture within the organization
6. Regulatory Environment and Compliance
- Overview of relevant regulatory requirements and guidelines
- Compliance management and reporting
- Role of operational risk management in regulatory compliance
7. Incident Management and Business Continuity
- Incident identification, reporting, and escalation processes
- Incident response and recovery planning
- Business continuity management and disaster recovery
Exam Objectives:
1. Understand the fundamentals and key concepts of operational risk management.
2. Assess and measure operational risks using appropriate techniques and methodologies.
3. Implement risk control measures and develop risk mitigation strategies.
4. Monitor and report on operational risks using relevant metrics and reporting frameworks.
5. Establish effective operational risk governance and foster a strong risk culture.
6. Comply with regulatory requirements and manage operational risk in compliance.
7. Manage incidents effectively and ensure business continuity and disaster recovery.
Exam Syllabus:
Section 1: Introduction to Operational Risk Management (15%)
- Definition and importance of operational risk management
- Operational risk terminology and concepts
- Role of operational risk managers
Section 2: Risk Assessment and Measurement (20%)
- Identification and categorization of operational risks
- Qualitative and quantitative risk assessment techniques
- Key risk indicators (KRIs) and risk measurement methodologies
Section 3: Risk Control and Mitigation (20%)
- Designing and implementing risk control measures
- Risk mitigation strategies and best practices
- Controls monitoring and testing
Section 4: Operational Risk Monitoring and Reporting (15%)
- Establishing an effective risk monitoring framework
- Key metrics and reporting requirements
- Role of technology in operational risk monitoring and reporting
Section 5: Operational Risk Governance and Culture (10%)
- Roles and responsibilities of senior management and the board
- Operational risk governance framework
- Building a strong risk culture within the organization
Section 6: Regulatory Environment and Compliance (10%)
- Overview of regulatory requirements and guidelines
- Compliance management and reporting
- Role of operational risk management in regulatory compliance
Section 7: Incident Management and Business Continuity (10%)
- Incident identification, reporting, and escalation processes
- Incident response and recovery planning
- Business continuity management and disaster recovery