8020 Latest Torrent Pass Certify| Valid New 8020 Test Syllabus: ORM Certificate - 2023 Update

2025 Latest Dumpcollection 8020 PDF Dumps and 8020 Exam Engine Free Share: https://drive.google.com/open?id=1ECOPLodw81aqkUeP7IwfQto35nizXYIl

Our 8020 test guide has become more and more popular in the world. Of course, if you decide to buy our 8020 latest question, we can make sure that it will be very easy for you to pass your exam and get the certification in a short time, first, you just need 5-10 minutes can receive 8020 Exam Torrent that you can learn and practice it. Then you just need 20-30 hours to practice our 8020 study materials that you can attend your 8020 exam. It is really spend your little time and energy.

PRMIA 8020 Exam Syllabus Topics:

Topic	Details
Topic 1	Introduction: This section of the exam measures the skills of Risk Analysts and covers fundamental concepts of risk governance, management, and assessment. It introduces key principles, regulatory frameworks, and industry best practices for identifying and addressing risks. A key skill measured is understanding the foundational principles of risk management.
Topic 2	Risk Information: This section of the exam measures the skills of Risk Managers and covers the collection, analysis, and communication of risk-related data. It highlights the role of data-driven decision-making in mitigating uncertainties and ensuring compliance. A key skill measured is interpreting risk data for informed decision-making.
Topic 3	Risk Management Framework: This section of the exam measures the skills of Risk Managers and covers the development and implementation of structured approaches for risk identification, evaluation, and mitigation. It includes industry-standard frameworks that guide risk strategy and decision-making. A key skill measured is establishing a risk management framework for organizations.
Topic 4	Case Studies: This section of the exam measures the skills of Business Risk Consultants and covers real-world applications of risk management concepts. It examines case studies on risk governance, assessment, and mitigation strategies across different industries. A key skill measured is analyzing historical risk events for strategic insights.
Topic 5	Risk Modeling: This section of the exam measures the skills of Quantitative Risk Analysts and covers mathematical and statistical techniques used to predict risk scenarios. It explores model development, validation, and application in financial and operational risk management. A key skill measured is applying statistical models for risk prediction.

>> 8020 Latest Torrent <<

New 8020 Test Syllabus | 8020 Useful Dumps

We have three versions of PRMIA 8020 learning materials available, including PDF, Software and APP online. The most popular one is PDF version of PRMIA 8020 study guide can be printed into papers so that you are able to write some notes or highlight the emphasis. On the other hand, Software version of our PRMIA 8020 Practice Questions is also welcomed by customers, especially for windows users.

PRMIA ORM Certificate - 2023 Update Sample Questions (Q35-Q40):

NEW QUESTION # 35
Process mapping is:

A. All of the above.
B. A helpful tool for understanding where control gaps may exist.
C. A good visualization tool for understanding where hand-offs and hand-ins may occur.
D. A useful tool for understanding process intensive activities.

Answer: A

Explanation:
Process Mapping is a risk management tool used to visualize workflows, identify inefficiencies, and detect control gaps. PRMIA defines process mapping as an essential operational risk management tool.
Step 1: Understanding Process Mapping
Helps analyze complex, process-intensive activities (Option A).
Reveals control weaknesses that could lead to operational risks (Option B).
Improves hand-offs and collaboration between teams (Option C).
Step 2: Why "All of the Above" is Correct
Process mapping serves multiple risk management purposes, making all listed options valid.
PRMIA Risk Reference Used:
PRMIA Operational Risk Management Guidelines - Recommends process mapping to identify inefficiencies and control gaps.
PRMIA Risk Governance Framework - Encourages visualization tools for process improvement.
Final Conclusion:
Process mapping improves risk awareness, identifies control gaps, and enhances operational workflows, making Option D the correct answer.

NEW QUESTION # 36
Which of the following principles best applies to a compliance function?

A. The compliance function should be outsourced if there is a risk function.
B. The compliance function should report to the business (even when following a three lines of defense model).
C. The risk function should be outsourced if there is a compliance function.
D. The compliance function should be independent of the business (following a three lines of defense model).

Answer: D

Explanation:
Step 1: Compliance Function and the Three Lines of Defense Model
The Three Lines of Defense (3LoD) model ensures that risk management responsibilities are properly segregated:
First Line: Business units (own and manage risk).
Second Line: Compliance and risk management (independent oversight).
Third Line: Internal audit (provides assurance).
Step 2: Why Compliance Must Be Independent
PRMIA and Basel Compliance Principles state that compliance should not report to business units, as this creates a conflict of interest.
Compliance must be independent to ensure objective oversight of regulatory adherence.
Step 3: Why the Other Options Are Incorrect
Option A ("Report to the business") → Incorrect because compliance must provide independent oversight, not report to business units.
Option C ("Outsource compliance if risk function exists") → Incorrect because compliance and risk functions have distinct roles.
Option D ("Outsource risk if compliance exists") → Incorrect because risk management is a core function, not an outsourcing candidate.
PRMIA Risk Reference Used:
PRMIA Compliance Risk Governance - States compliance must be independent under the Three Lines of Defense model.
Basel Compliance Principles - Recommends separate reporting structures for compliance and business units.
Final Conclusion:
Compliance must be independent from the business to avoid conflicts of interest, making Option B the correct answer.

NEW QUESTION # 37
Compliance departments traditionally provide policy, oversight, and set the standards for monitoring personal dealing. Which control below would assist in implementing such policies?

A. Outsourcing of the policy writing to an accounting firm at least once every 5 years.
B. Outsourcing of the policy writing to an accounting firm at least once every 3 years.
C. A list of approved suppliers that have been added to the outsourcing policy.
D. Watch lists of stocks that are not allowed to be traded for a period of time, for instance, ahead of a securities offering that the firm is managing.

Answer: D

Explanation:
Definition of DORA
The Digital Operational Resilience Act (DORA) is a regulation by the European Union (EU) aimed at strengthening the digital resilience of financial institutions.
It establishes a regulatory framework for managing information and communication technology (ICT) risks in the financial sector.
Key Objectives of DORA
Ensures that financial institutions can withstand, respond to, and recover from cyber threats and ICT-related disruptions.
Introduces standards for risk management, incident reporting, and third-party ICT risk oversight.
Why Other Answers Are Incorrect
Option
Explanation:
A . Domain for Operational Risk Act.
Incorrect - No such regulation exists under this name.
B . Digital Operational Risk Act.
Incorrect - The official name is Digital Operational Resilience Act (DORA).
C . Daily Operational Resilience Act.
Incorrect - DORA is not focused on daily operations but rather long-term digital resilience.
PRMIA Reference for Verification
PRMIA Risk Governance & Digital Resilience Standards
European Commission's Official DORA Regulation

NEW QUESTION # 38
In operational resilience, what is impact tolerance?

A. Impact tolerance is a firm's tolerance for disruption to a particular business process.
B. Impact tolerance is a firm's risk capacity statement.
C. Impact tolerance is a firm's tolerance for disruption to a particular business service.
D. Impact tolerance is a firm's risk appetite statement.

Answer: C

Explanation:
Impact Tolerance is a key concept in Operational Resilience, defined as the ability of a firm to withstand, respond to, and recover from disruptions. According to PRMIA and global regulatory frameworks (such as the Bank of England's Operational Resilience Framework), impact tolerance is specifically tied to business services rather than processes.
Step 1: Defining Impact Tolerance
Impact tolerance is the maximum acceptable level of disruption to an important business service, beyond which there would be intolerable harm to customers, financial markets, or regulatory obligations.
It is not the same as risk appetite or risk capacity, as those deal with broader organizational risk exposure.
Step 2: Why Business Services Matter
PRMIA defines business services as end-to-end services delivered to clients and stakeholders, such as payments processing, trade execution, or loan approvals.
Disruptions to these services directly impact customers and financial stability, making business service resilience the core focus of impact tolerance.
Step 3: Why the Other Options Are Incorrect
Option A ("tolerance for disruption to a particular business process")
Incorrect because impact tolerance applies to services, not just internal processes.
Option C ("a firm's risk appetite statement")
Incorrect because risk appetite focuses on how much risk a firm is willing to take, while impact tolerance is about surviving disruptions.
Option D ("a firm's risk capacity statement")
Incorrect because risk capacity is the maximum level of risk a firm can bear, which is broader than business service disruptions.
PRMIA Risk Reference Used:
PRMIA Operational Resilience Guidelines - Defines impact tolerance as a service-based metric.
Bank of England's Operational Resilience Framework - Establishes impact tolerance as a limit on business service disruption.
Final Conclusion:
Impact tolerance focuses on business services, not just internal processes or risk appetite, making Option B the correct answer.

NEW QUESTION # 39
What are the objectives of conducting an internal loss investigation?

A. Increase understanding of root causes, focus attention on who caused the issue, and improve the quality of scenario analysis and risk assessments.
B. Increase understanding of root causes, focus attention on remediation, and improve the quality of scenario analysis and risk assessments.
C. This is determined on a case by case basis by the HR team.
D. Increase understanding of root causes, focus attention on remediation, and ascertain responsibility for the loss event.

Answer: B

Explanation:
tep 1: Purpose of Internal Loss Investigations
Internal loss investigations analyze past loss events to identify root causes, improve controls, and enhance risk assessments.
Step 2: Why Option A Is Correct
Root Cause Analysis: Identifying why the loss occurred.
Focus on Remediation: Implementing corrective measures to prevent recurrence.
Scenario Analysis Improvement: Using lessons learned to enhance risk scenario modeling.
Step 3: Why the Other Options Are Incorrect
Option B ("Focus on who caused the issue") → Incorrect because loss investigations are about systemic issues, not assigning blame.
Option C ("Ascertain responsibility for the loss event") → Incorrect because the focus is on process improvements, not individual accountability.
Option D ("Determined by HR on a case-by-case basis") → Incorrect because HR does not dictate risk investigations-risk and compliance functions do.
PRMIA Risk Reference Used:
PRMIA Operational Risk Framework - Emphasizes loss investigations for systemic risk management.
Basel III Risk Governance Standards - Defines loss event analysis as a key risk management tool.

NEW QUESTION # 40
......

Constantly updated multiple mock exams with a great number of questions that will help you in better self-assessment. Memorize all your previous ORM Certificate - 2023 Update (8020) exam questions attempts and display all the changes in your results at the end of each PRMIA 8020 Practice Exam attempt. Users will be able to customize the ORM Certificate - 2023 Update (8020) practice test software by time or question types. Supported on all Windows-based PCs.

New 8020 Test Syllabus: https://www.dumpcollection.com/8020_braindumps.html

2025 Latest Dumpcollection 8020 PDF Dumps and 8020 Exam Engine Free Share: https://drive.google.com/open?id=1ECOPLodw81aqkUeP7IwfQto35nizXYIl