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PRMIA 8010 Exam Overview:
| Certification Vendor: | Professional Risk Managers' International Association (PRMIA) |
|---|---|
| Exam Name: | Operational Risk Management (ORM) Certificate Exam |
| Exam Number: | 8010 |
| Passing Score: | 60% |
| Exam Format: | Multiple Choice |
| Exam Price: | USD 599 (non-member) / USD 549 (member) |
| Related Certifications: | PRMIA Cyber Risk Management Certificate PRMIA Market, Liquidity & Asset Liability Risk Management Certificate PRMIA Credit & Counterparty Risk Management Certificate |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Real Exam Qty: | 60 |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Computer-based exam conducted at Pearson VUE test centers or online proctored delivery. |
| Pre Condition: | Enrollment in the ORM Certificate program and payment of program fee required before exam authorization. No prior exam prerequisite. |
| Official Syllabus URL: | https://prmia.org/Public/Public/Certificate/ORM.aspx |
PRMIA 8010 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Risk Assessment | 10% | - Risk Identification and Assessment Techniques |
| Risk Governance | 6% | - Governance Principles and Risk Roles |
| Risk Information | 10% | - Loss Data, KRIs and Reporting |
| Operational Risk Capital | 6% | - Capital Concepts & Basel III Context |
| Operational Resilience | 4% | - Resilience Concepts and Practices |
| Risk Management Framework | 10% | - Risk Appetite, Policies, Culture |
| Compliance Risk | 6% | - Compliance Risk Framework |
| Case Studies | 6% | - Applied Operational Risk Scenarios |
| Introduction | 2% | - Overview of Operational Risk Management |
PRMIA 8010 Exam: What Candidates Want to Know
PRMIA Operational Risk Manager (ORM) is an official Professional Risk Managers' International Association (PRMIA) certification exam, registered under the code 8010. Passing it awards the PRM Certification certification, a credential at the Certificate level. It also connects to PRMIA Market, Liquidity & Asset Liability Risk Management Certificate, PRMIA Credit & Counterparty Risk Management Certificate, PRMIA Cyber Risk Management Certificate. The exam is demanding by design, and that difficulty is precisely what makes the credential meaningful for career development.
The PRMIA Operational Risk Manager (ORM) exam presents 60 questions within 120 minutes. That is a brisk pace, and the candidates who handle it best are the ones who rehearsed it. Use the ActualPDF engine for full timed simulations, practice flagging and returning, and arrive on exam day with a pacing strategy already proven.
Passing PRMIA Operational Risk Manager (ORM) takes 60%, and official registration costs USD 599 (non-member) / USD 549 (member). Retakes bill the full USD 599 (non-member) / USD 549 (member) again, so preparation is the least expensive insurance available. Let your ActualPDF practice scores guide the timing: book when you clear the requirement consistently, not occasionally.
Enrollment in the ORM Certificate program and payment of program fee required before exam authorization. No prior exam prerequisite.
Policies get revised, so confirm the current requirements before you register on the official exam page.
Yes. ActualPDF offers a free demo of the PRMIA Operational Risk Manager (ORM) questions, so you can verify the quality personally before purchasing. Your purchase then includes a one-year service warranty: updates are free for 365 days, and after expiry you can extend the update service at a 50% discount.
Your money is protected by a 100% money-back guarantee with defined conditions. Take the PRMIA Operational Risk Manager (ORM) exam within 60 days of purchase; if you fail, you may claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and expired orders; the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and claims are processed within 7 days. You may instead wait for the update version or change to other exam material: exchange for two other exam products of equal value, free, with your original purchase keeping its update service.
Delivery is instant: files unlock for download at payment and are emailed within one minute. If nothing arrives within 2 hours, check spam and contact customer service, online 7/24 even on official holidays. Installation is unlimited across your computers.
PRMIA Operational Risk Manager (ORM) is organized into 9 official domains. The most heavily weighted are Risk Information (10%), Compliance Risk (6%), and Risk Governance (6%). The full breakdown appears above on this page; study the weightings and your preparation priorities set themselves.
PRMIA Operational Risk Manager (ORM) Sample Questions:
Question 1
There are two bonds in a portfolio, each with a market value of $50m. The probability of default of the two bonds are 0.03 and 0.08 respectively, over a one year horizon. If the default correlation is 25%, what is the one year expected loss on this portfolio?
A. $5.5mc
B. $1.38m
C. $11m
D. $5.26m
Question 2
Whichof the following statements are true in relation to Historical Simulation VaR?
I. Historical Simulation VaR assumes returns are normally distributed but have fat tails II. It uses full revaluation, as opposed to delta or delta-gamma approximations III. Acorrelation matrix is constructed using historical scenarios IV. It particularly suits new products that may not have a long time series of historical data available
A. II and III
B. II
C. A
D. I and IV
E. All of the above
Question 3
When pricing credit risk for an exposure, which of the following is a better measure than the others:
A. Potential Future Exposure (PFE)
B. Mark-to-market
C. Notional amount
D. Expected Exposure (EE)
Question 4
Which of the following statements are true in relation to Monte Carlo based VaR calculations:
I. Monte Carlo VaR relies upon a full revalution of theportfolio for each simulation II. Monte Carlo VaR relies upon the delta or delta-gamma approximation for valuation III. Monte Carlo VaR can capture a wide range of distributional assumptions for asset returns IV. Monte Carlo VaR is less compute intensive than Historical VaR
A. II and IV
B. I and III
C. All of the above
D. I, III and IV
Question 5
Calculate the 1-year 99% credit VaR of a portfolio of two bonds, each with a value of $1m, and the probability of default of 1% each over the next year. Assume the recovery rate to be zero, and the defaults of the two bonds to be uncorrelated to each other.
A. 0
B. 1980000
C. 20000
D. 980000
Solutions:
| Question 1 Answer: A | Question 2 Answer: C | Question 3 Answer: D | Question 4 Answer: B | Question 5 Answer: D |
