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PRMIA 8010

8010

Exam Code: 8010

Exam Name: Operational Risk Manager (ORM) Exam

Updated: Aug 17, 2026

Q&A Number: 242 Q&As

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PRMIA 8010 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Operational Resilience4%- Resilience Concepts and Practices
Topic 2: Risk Management Framework10%- Risk Appetite, Policies, Culture
Topic 3: Risk Governance6%- Governance Principles and Risk Roles
Topic 4: Compliance Risk6%- Compliance Risk Framework
Topic 5: Introduction2%- Overview of Operational Risk Management
Topic 6: Operational Risk Capital6%- Capital Concepts & Basel III Context
Topic 7: Risk Information10%- Loss Data, KRIs and Reporting
Topic 8: Risk Assessment10%- Risk Identification and Assessment Techniques
Topic 9: Case Studies6%- Applied Operational Risk Scenarios

PRMIA Operational Risk Manager (ORM) Sample Questions:

1. As the persistence parameter under EWMA is lowered, which of the following would be true:

A) The model will react slower to market shocks
B) The model will give lower weight to recent returns
C) The model will react faster to market shocks
D) High variance from the recent past will persist for longer


2. A bank's detailed portfolio data on positions held in a particular security across the bank does not agree with the aggregate total position for that security for the bank. What data quality attribute is missing in this situation?

A) Data completeness
B) Data extensibility
C) Data integrity
D) Auditability


3. Under the standardized approach to calculating operational risk capital under Basel II, negative regulatory capital charges for any of the business units:

A) Should be excluded from capital calculations
B) Should be offset againstpositive capital charges from other business units
C) Should be included after ignoring the negative sign
D) Should be ignored completely


4. Which of the following represents a riskier exposure for a bank: A LIBOR based loan, or an Overnight Indexed Swap? Which of the two rates is expected to be higher?
Assume the same counterparty and the same notional.

A) Overnight Index Swap; LIBOR rate will be higher
B) A LIBOR based loan; OIS rate will be higher
C) Overnight Index Swap; OIS rate will be higher
D) A LIBOR based loan; LIBOR rate will be higher


5. An assumption regarding the absence of ratings momentum is referred to as:

A) Markov property
B) Time invariance
C) Ratings stability
D) Herstatt risk


Solutions:

Question # 1
Answer: C
Question # 2
Answer: C
Question # 3
Answer: B
Question # 4
Answer: D
Question # 5
Answer: A

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