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PRMIA 8010 ORM certification exam is recognized globally and is highly respected by employers and industry professionals. Operational Risk Manager (ORM) Exam certification program is designed to meet the needs of practitioners in the field of operational risk management and is based on international best practices and standards. Operational Risk Manager (ORM) Exam certification program is also regularly updated to reflect changes in the industry and regulatory landscape, ensuring that certified professionals are equipped with the latest knowledge and skills.
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The PRMIA 8010 exam is designed for professionals in the financial industry who are involved in operational risk management, including risk managers, compliance officers, internal auditors, and regulators. Operational Risk Manager (ORM) Exam certification is particularly relevant for individuals working in banks, insurance companies, asset management firms, and other financial institutions.
Candidates who wish to take the PRMIA 8010: Operational Risk Manager (ORM) Exam must satisfy the eligibility criteria, which includes having a minimum of two years of experience in a related field. 8010 exam is suitable for candidates who work in the financial industry, including banking, insurance or investment management.
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PRMIA 8010 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Compliance & Regulatory Risk | 10% | - Basel Accords and global regulations - Enterprise compliance frameworks - Compliance risk types and controls |
| Introduction to Operational Risk Management | 10% | - Risk management frameworks and principles - ESG and climate risk considerations - Embedding risk management practices |
| Operational Resilience | 5% | - Business continuity and recovery - DORA and resilience regulations - Third-party/vendor risk management |
| Risk Assessment | 20% | - Top-down scenario analysis - Bottom-up process modeling - Residual risk and issue management - Risk and Control Self-Assessment (RCSA) |
| Operational Risk Capital & Modeling | 10% | - Basel III and recent developments - Basic and advanced measurement methods - Capital requirements and approaches |
| Risk Governance | 15% | - Risk culture and ethical conduct - Governance structures and responsibilities - Roles of first, second, and third lines of defense |
| Risk Management Framework | 15% | - Risk capacity and risk appetite - Strategy and framework implementation - Risk policies, limits, and pricing |
| Risk Information & Monitoring | 15% | - Loss data collection and analysis - Risk reporting and communication - Key Risk Indicators (KRIs) |
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