Failing the PRMIA Operational Risk Manager (ORM) exam means paying the registration fee a second time. A set of 8010 practice questions from PracticeVCE costs a fraction of one retake, which makes it the easiest insurance you will ever buy.
PRMIA 8010 Exam Overview:
| Certification Vendor: | PRMIA |
|---|---|
| Exam Name: | PRMIA Operational Risk Manager (ORM) Exam 8010 |
| Exam Number: | 8010 |
| Related Certifications: | PRM Certificate in Operational Risk Management |
| Available Languages: | English |
| Exam Format: | Multiple choice questions |
| Recommended Training: | PRMIA Official Training Programs |
| Exam Registration: | PRMIA Certification Portal |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Computer-based exam (online or authorized test centers depending on region) |
| Pre Condition: | No strict prerequisite; financial risk management knowledge recommended |
| Official Syllabus URL: | https://www.prmia.org/ |
PRMIA 8010 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Risk Governance and Frameworks | - Risk governance structures and accountability - Three lines of defense model |
| Topic 2: Risk Identification and Assessment | - Risk and control self-assessment (RCSA) - Scenario analysis and risk mapping |
| Topic 3: Mitigation and Control | - Internal controls and control testing - Risk transfer mechanisms including insurance |
| Topic 4: Measurement and Quantification | - Loss distribution approaches - Key risk indicators (KRIs) |
| Topic 5: Regulatory and Industry Standards | - Basel operational risk frameworks - Regulatory expectations for operational risk management |
| Topic 6: Operational Risk Fundamentals | - Operational risk within enterprise risk management - Definition and scope of operational risk - Risk taxonomy and loss event types |
Your PRMIA Operational Risk Manager (ORM) Questions, Answered
The 8010 exam is the official exam behind the Operational Risk Manager (ORM) credential from PRMIA. It sits at the Professional level of the PRMIA certification track. It is also associated with PRM Certificate in Operational Risk Management. The PracticeVCE practice questions on this page map to the same objectives, so you can measure your readiness before you book a seat.
No strict prerequisite; financial risk management knowledge recommended
Requirements can change, so confirm the latest details on the official PRMIA exam page before you register.
You can book the 8010 exam through the following official channels:
The exam is delivered Computer-based exam (online or authorized test centers depending on region), so pick the option that suits you when booking.
PRMIA points candidates to these official courses:
Once you have worked through the official material, wrap up your preparation with the 242 practice questions from PracticeVCE to lock in what you have learned.
Yes. A free 8010 PDF demo is available, so you can check the question style and answer quality before you commit. Every purchase also includes 365 days of free updates, and if your product expires after that, you can extend the update service at a 50% discount from your member zone.
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The 8010 syllabus is divided into 6 domains, including Operational Risk Fundamentals, Risk Governance and Frameworks, and Measurement and Quantification. The complete breakdown, with every domain and its subtopics, is listed in the Exam Topics section above — review it line by line and flag the areas where you feel weakest.
PRMIA Operational Risk Manager (ORM) Sample Questions:
Under thebasic indicator approach to determining operational risk capital, operational risk capital is equal to:
- A. 15% of the average gross income of the past five years
- B. 25% of the average gross income (considering only the positive years) of the past three years
- C. 15% of the average gross income (considering only the positive years) of the past three years
- D. 15% of the average net income (considering only thepositive years) of the past three years
Correct Answer: C 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
Under the standardized approach to calculating operational risk capital, how many business lines are a bank's activities divided into per Basel II?
- A. 8
- B. 15
- C. 12
- D. 7
Correct Answer: A 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
Which of the following steps are required for computing the aggregate distribution for a UoM for operational risk once loss frequency and severity curves have been estimated:
I. Simulate number of losses based on the frequency distribution
II. Simulate the dollar value of the losses from the severity distribution III. Simulate random number from the copula used to model dependence between the UoMs IV. Compute dependent losses from aggregate distribution curves
- A. None of the above
- B. All of the above
- C. I and II
- D. III and IV
Correct Answer: C 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
Which of the following statements are true:
I. The sum of unexpected losses for individual loans in a portfolio is equal to the total unexpected loss for the portfolio.
II. The sum of unexpected losses for individual loans in a portfolio is less than the total unexpected loss for the portfolio.
III. The sum of unexpected losses forindividual loans in a portfolio is greater than the total unexpected loss for the portfolio.
IV. The unexpected loss for the portfolio is driven by the unexpected losses of the individual loans in the portfolio and the default correlation between these loans.
- A. II and IV
- B. I, II and III
- C. I and II
- D. III and IV
Correct Answer: D 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
In respect of operational risk capital calculations, the Basel II accord recommends a confidence leveland time horizon of:
- A. 99% confidence level over a 1 year time horizon
- B. 99% confidence level over a 10 year time horizon
- C. 99.9% confidence level over a 10 day time horizon
- D. 99.9% confidence level over a 1 year time horizon
Correct Answer: D 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
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