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PRMIA 8010 exam : Operational Risk Manager (ORM) Exam

8010 Exam Questions
  • Exam Code: 8010
  • Exam Name: Operational Risk Manager (ORM) Exam
  • Updated: Sep 15, 2026
  • Q & A: 242 Questions and Answers
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PRMIA 8010 Exam Syllabus Topics:

SectionWeightObjectives
Case Studies6%- Applied Operational Risk Scenarios
Compliance Risk6%- Compliance Risk Framework
Risk Information10%- Loss Data, KRIs and Reporting
Operational Risk Capital6%- Capital Concepts & Basel III Context
Risk Management Framework10%- Risk Appetite, Policies, Culture
Risk Assessment10%- Risk Identification and Assessment Techniques
Introduction2%- Overview of Operational Risk Management
Operational Resilience4%- Resilience Concepts and Practices
Risk Governance6%- Governance Principles and Risk Roles

PRMIA Operational Risk Manager (ORM) Sample Questions:

Question #1

What does a middle office do for a trading desk?

  • A. Operations
  • B. Transaction data entry
  • C. Reconciliations
  • D. Risk analysis
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

Economic capital under the Earnings Volatility approach is calculated as:

  • A. [Expected earningsless Earnings under the worst case scenario at a given confidence level]/Required rate of return for the firm
  • B. Expected earnings/Required rate of return for the firm
  • C. Earnings under the worst case scenario at a given confidence level/Required rate of return for the firm
  • D. Expected earnings/Specific risk premium for the firm
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

A corporate bond has a cumulative probability of default equal to 20% in the first year, and 45% in the second year. What is the monthly marginal probability of default for the bond in the second year, conditional on there beingno default in the first year?

  • A. 3.07%
  • B. 15.00%
  • C. 2.60%
  • D. 31.25%
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Correct Answer: A  🗳️

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Question #4

Which of the following is not an approach proposed by the Basel II framework to compute operational riskcapital?

  • A. Standardized approach
  • B. Factor based approach
  • C. Advanced measurement approach
  • D. Basic indicator approach
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #5

As opposed to traditional accounting based measures, risk adjusted performance measures use which of the following approaches to measure performance:

  • A. adjust capital employed to reflect the risk undertaken
  • B. Any or all of the above
  • C. adjust both return and the capital employed to account for the risk undertaken
  • D. adjust returns based on the level of risk undertaken to earn that return
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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