Try and practice the latest PRMIA : 8020 real questions & answers

Last Updated: Sep 09, 2026

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PRMIA 8020 Exam Overview:

Certification Vendor:PRMIA
Exam Name:Operational Risk Manager (ORM) Certificate - 2023 Update
Exam Number:8020
Certificate Validity Period:2 years (requires continuing professional development to maintain)
Exam Price:USD 350
Related Certifications:PRM Certificate
FRM Certificate
Passing Score:70
Available Languages:English
Exam Format:Multiple Choice
Exam Duration:120 minutes
Real Exam Qty:80
Sample Questions: DOWNLOAD DEMO
Exam Way:Computer-based testing (CBT), proctored, available at Pearson VUE test centers globally
Pre Condition:No formal prerequisites; recommended: basic understanding of risk management concepts and financial services industry experience
Official Syllabus URL:https://www.prmia.org/certification/orm-certificate/

PRMIA 8020 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Monitoring, Reporting and Emerging Risks10-15%- Regulatory change management
- Continuous monitoring frameworks
- Stress testing and reverse stress testing
- Emerging operational risks
- Technology and cyber risk considerations
- ORM reporting to stakeholders
Topic 2: Risk Measurement and Quantification15-20%- VaR and expected loss approaches
- Loss data collection and analysis
- OpRisk capital models (BIA, LDA, SMA)
- Risk-adjusted performance measurement
- Quantifying operational risk losses
Topic 3: Risk Identification and Assessment25-30%- Risk mapping and heat maps
- Risk inventory and register management
- Risk taxonomy and classification
- Risk scenario analysis
- Key Risk Indicators (KRIs)
- Risk assessment methodologies
Topic 4: Risk Mitigation and Control15-20%- Business continuity management
- Control design and effectiveness
- Three lines model in practice
- Risk transfer mechanisms (insurance, outsourcing)
- Incident management and response
Topic 5: Operational Risk Framework and Governance20-25%- Three lines of defense model
- Risk culture and appetite
- Regulatory and industry standards
- ORM definitions and concepts
- ORM governance structures

PRMIA 8020 Exam: Your Questions, Answered

The PRMIA ORM Certificate - 2023 Update exam is the official PRMIA assessment behind the PRM Certification credential, which sits at the Professional level. Passing it confirms that your skills meet the vendor's current requirements rather than a textbook outline. It also connects with related certifications such as PRM Certificate, FRM Certificate, so it can anchor a broader certification path.

According to the official exam information, the PRMIA ORM Certificate - 2023 Update exam includes 80 questions and gives you 120 minutes to complete them. Treat that as a pacing exercise, not just a knowledge check: bank the questions you know first, flag the ones that stall you, and circle back instead of burning minutes on a single item. Before test day, run at least one full timed session in the Actual4Cert desktop or online test engine, so the clock never feels unfamiliar when it counts.

To pass the PRMIA ORM Certificate - 2023 Update exam you need 70, and the official registration fee is USD 350. Keep one thing in mind: a failed attempt is not discounted, so retaking the exam means paying USD 350 again in full. A practical safeguard is to sit a complete Actual4Cert practice test a week or two before your exam date; if your timed scores are not sitting comfortably above the passing mark, consider pushing your booking back and drilling the weak domains first.

The official prerequisites for the PRMIA ORM Certificate - 2023 Update exam are as follows: No formal prerequisites; recommended: basic understanding of risk management concepts and financial services industry experience. Requirements can change over time, so confirm the details on the official PRMIA exam page at https://www.prmia.org/certification/orm-certificate/ before you book your seat.

Yes. A free PDF demo of the PRMIA ORM Certificate - 2023 Update practice questions is available on the Actual4Cert samples page, so you can check the question style and difficulty before spending anything. Every purchase also includes 365 days of free updates, and if your product expires after that period, you can extend the update service from your member zone at 50% off.

If you take the 8020 exam within 60 days of your purchase and do not pass, Actual4Cert offers a 100% money-back guarantee: send a scanned copy of your exam enrollment slip together with the official Score Report PDF within two days of your exam date, and the refund is processed within seven days. The candidate name must match the payer name, and the guarantee does not apply to exams taken within three days of purchase, to material that was downloaded without the exam actually being taken, or to free materials and expired orders. Prefer to keep studying instead? You can exchange your purchase for two additional exam products of equal value, free of charge, while keeping the update service on your original product. Delivery itself is instant: the download link is emailed within one minute of payment, and if nothing arrives within two hours, our support team will sort it out. There is no limit on how many computers you install the material on.

The PRMIA ORM Certificate - 2023 Update syllabus is organized into 5 domains. The leading areas include Risk Mitigation and Control (15-20%), Risk Measurement and Quantification (15-20%), and Monitoring, Reporting and Emerging Risks (10-15%). For the complete, topic-by-topic breakdown, scroll up to the Exam Topics section above.

PRMIA ORM Certificate - 2023 Update Sample Questions:

Question #1

For the FTX case study, what was the "backdoor" used for?

  • A. It allowed a rapid pace of acquisitions but poor integration of acquired companies.
  • B. It allowed currency traders to smooth profits and conceal losses for over two years.
  • C. It allowed trading firm Alameda to borrow S65 billion of clients' money from the exchange without their permission.
  • D. It allowed a stable coin to be removed from the ledger and added to the balance sheet.
Answer: C

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Question #2

Which of the following principles is critical when creating the optimum policy range and content'?

  • A. New policies should be accompanied by Citable training for the target audience and added to the content of new employee training.
  • B. Policies should be divided into a large number of short topics to enhance accessibility.
  • C. Policy owners must ensure that policies are read by the regulator and then the shareholders.
  • D. Hard copies of a new policy should be placed in a central library of governance documents at the CRO's home.
Answer: A

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Question #3

Which of the following principles best applies to a compliance function?

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

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Question #4

How should Near Misses and Opportunity Costs be treated within Operational Risk?

  • A. Recorded and Analyzed. Used in calculation of Operational Risk Capital.
  • B. Reported. Recorded and Analyzed. Not Used in calculation of Operational Risk Capital.
  • C. Ignored.
  • D. Reported, Recorded and Analyzed, Used in calculation of Operational Risk Capital.
Answer: B

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Question #5

For the WorldCom case, what was one of the causes of the failure?

  • A. A rapid pace of acquisitions and poor integration of acquired companies.
  • B. The lack of a CRO during the final IPO.
  • C. Unauthorized trading in derivatives.
  • D. Risk models that did not reflect loosened underwriting standards of mortgage originators.
Answer: A

Explanation: Only visible for Actual4Cert members. You can sign-up / login (it's free).

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