Blog - ABA網上資源學習中心

Ron Clark Ron Clark

0 Course Enrolled • 0 Course Completed

Biography

New Exam Dumps 8020 Provider | Reliable 8020: ORM Certificate - 2023 Update 100% Pass

DOWNLOAD the newest Dumpleader 8020 PDF dumps from Cloud Storage for free: https://drive.google.com/open?id=17AAbUiC40nueLm8zDwu8zQkGYmy4bodf

With regard to the Internet, if you use our 8020 study materials in a network environment, then you can use our products in a non-network environment. 8020 learning guide guarantee that you can make full use of all your free time to learn, if you like. The reason why we emphasize this is that we know you have a lot of other things to do. Many users stated that they can only use fragmented time to learn. Experts at 8020 practice prep also fully considered this point.

First and foremost, we have high class operation system so we can assure you that you can start to prepare for the 8020 exam with our study materials only 5 to 10 minutes after payment. Second, once we have compiled a new version of the 8020 test question, we will send the latest version of our 8020 Training Materials to our customers for free during the whole year after purchasing. Last but not least, our worldwide after sale staffs will provide the most considerate after sale service for you in twenty four hours a day, seven days a week.

>> Exam Dumps 8020 Provider <<

8020 New Dumps - Valid 8020 Exam Sample

As long as you choose our 8020 exam questions, we are the family. From the time you purchase, use, and pass the exam, we will be with you all the time. You can seek our help on our 8020 practice questions anytime, anywhere. As long as you are convenient, you can contact us by email. If you have experienced a very urgent problem while using 8020 Exam simulating, you can immediately contact online customer service. And we will solve the problem for you right away.

PRMIA 8020 Exam Syllabus Topics:

Topic
Details

Topic 1

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.

Topic 2

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 3

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 4

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 5

Insurance Mitigation: This section of the exam measures the skills of Insurance Risk Managers and covers strategies for transferring risk through insurance and other financial instruments. It focuses on risk transfer mechanisms, policy structuring, and claims management. A key skill measured is assessing risk transfer options through insurance.

Topic 6

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 7

Risk Assessment: This section of the exam measures the skills of Financial Risk Analysts and covers methodologies for evaluating risks in different domains, including qualitative and quantitative approaches. It focuses on assessing vulnerabilities, threats, and potential impacts on business operations. A key skill measured is conducting risk impact analysis for financial threats.

PRMIA ORM Certificate - 2023 Update Sample Questions (Q39-Q44):

NEW QUESTION # 39
Under the previous Basel II approach, which was not an approach for operational risk?

A. Alternative Measurement Approach (AMA).
B. Advanced Measurement Approach (AMA).
C. Basic Indicator Approach (BIA).
D. The Standardized Approach (TSA).

Answer: A

Explanation:
Overview of Basel II Approaches for Operational Risk
Basel II introduced three main approaches to calculating capital requirements for operational risk:
Basic Indicator Approach (BIA)
The Standardized Approach (TSA)
Advanced Measurement Approach (AMA)
Why Answer D is Correct
Alternative Measurement Approach (AMA) is not a recognized Basel II approach.
The correct term under Basel II was Advanced Measurement Approach (AMA).
Why Other Answers Are Incorrect
Option
Explanation:
A . Basic Indicator Approach (BIA).
Correct - A simple approach where capital is set as a fixed percentage of gross income.
B . The Standardized Approach (TSA).
Correct - Categorizes operational risk into business lines, each with assigned risk factors.
C . Advanced Measurement Approach (AMA).
Correct - Uses internal models to calculate capital requirements based on loss data, scenario analysis, and risk controls.
PRMIA Reference for Verification
Basel II Framework for Operational Risk (2004)
PRMIA Risk Management Guidelines

NEW QUESTION # 40
In relation to financial crime. OFAC is a definition for which organization?

A. Office for Asset Control.
B. Office of Financial Asset Control.
C. Office of Foreigner and other Control.
D. Office of Foreign Asset Control.

Answer: D

Explanation:
Step 1: Understanding OFAC
OFAC (Office of Foreign Assets Control) is a U.S. Treasury Department agency responsible for enforcing economic and trade sanctions based on U.S. foreign policy and national security goals.
It prevents financial crime by restricting transactions with sanctioned individuals, entities, and countries.
Step 2: Role of OFAC in Financial Crime Prevention
OFAC administers sanctions to prevent money laundering, terrorism financing, and other illicit activities.
Financial institutions must comply with OFAC regulations to avoid heavy fines and reputational damage.
PRMIA's Financial Crime Risk Guidelines emphasize the importance of OFAC compliance in risk management.
Step 3: Why the Other Options Are Incorrect
Option A ("Office of Financial Asset Control") - Incorrect wording; OFAC deals with foreign assets, not just financial assets.
Option B ("Office of Foreigner and Other Control") - OFAC does not regulate foreigners broadly; it targets specific foreign assets and transactions.
Option C ("Office for Asset Control") - Missing "Foreign", which is critical to OFAC's function.
PRMIA Risk Reference Used:
PRMIA Financial Crime Risk Management Guidelines - Emphasizes regulatory compliance with OFAC.
PRMIA Compliance and Sanctions Risk Standards - Stresses the role of OFAC in preventing illicit financial activities.
Final Conclusion:
OFAC stands for the Office of Foreign Assets Control, making Option D the correct answer.

NEW QUESTION # 41
For the Barings case study, what external event may have accelerated the discovery of the loss event?

A. The Singapore earthquake of January 17th 1995.
B. The Kobe earthquake of January 17th 1995.
C. The collapse of Lehman Brothers into bankruptcy in 2002.
D. The collapse of Lehman Brothers into bankruptcy m 2008.

Answer: B

Explanation:
Background of the Barings Case Study
The Barings Bank collapse occurred due to unauthorized derivatives trading by Nick Leeson in Singapore.
Leeson concealed losses, and his trading positions became unmanageable.
How the Kobe Earthquake Affected Barings
On January 17, 1995, the Kobe earthquake caused extreme market volatility.
Leeson's unauthorized trades were highly exposed to the Nikkei 225 index, and the earthquake triggered heavy losses.
The event accelerated the exposure of Leeson's fraudulent activities, leading to Barings' collapse.
Why Answer D is Correct
The Kobe earthquake created market turmoil, forcing Barings to confront its financial position, ultimately revealing the hidden losses.
Why Other Answers Are Incorrect
Option
Explanation:
A . The collapse of Lehman Brothers into bankruptcy in 2002.
Incorrect - Lehman Brothers collapsed in 2008, not 2002.
B . The Singapore earthquake of January 17th, 1995.
Incorrect - No significant earthquake occurred in Singapore on that date.
C . The collapse of Lehman Brothers into bankruptcy in 2008.
Incorrect - Barings collapsed in 1995, not related to Lehman Brothers' 2008 failure.
PRMIA Reference for Verification
PRMIA Case Study on Barings Bank Collapse
Basel Committee Principles on Risk Oversight and Fraud Prevention

NEW QUESTION # 42
Ideally, which of the following should be completed as part of the risk assessments of service providers?

A. A review of the pay levels of the staff supporting the service.
B. Onsite visits are not advantageous for understanding the third party's risks and control environment.
C. An assessment of a third party should not include its compliance and risk infrastructure, financials, business strategy and operating history.
D. An assessment of a third party should include its compliance and risk infrastructure, financials, business strategy and operating history.

Answer: D

Explanation:
Third-Party Risk Management (TPRM)
PRMIA highlights the importance of conducting thorough due diligence on third-party vendors and service providers.
This includes evaluating compliance programs, risk management frameworks, financial stability, strategic objectives, and operational history.
Key Areas of Third-Party Risk Assessment
Compliance and Risk Infrastructure → Ensures that the provider meets regulatory and security requirements.
Financial Health → Determines whether the provider has the financial stability to support long-term service delivery.
Business Strategy → Helps assess alignment with the organization's risk appetite and goals.
Operating History → Evaluates experience and reliability in delivering services.
Why Other Answers Are Incorrect
Option
Explanation:
B . An assessment of a third party should not include its compliance and risk infrastructure, financials, business strategy, and operating history.
Incorrect - Ignoring these critical factors increases the risk of working with an unreliable vendor.
C . Onsite visits are not advantageous for understanding the third party's risks and control environment.
Incorrect - Onsite visits are highly valuable as they provide first-hand insights into operational controls. PRMIA encourages risk managers to conduct site visits.
D . A review of the pay levels of the staff supporting the service.
Incorrect - Employee salaries are not a primary risk factor in vendor assessments. The focus should be on the vendor's security, compliance, and operational risks.
PRMIA Reference for Verification
PRMIA Third-Party Risk Management (TPRM) Guidelines - Details best practices for vendor risk assessments.
Basel Principles on Outsourcing and Third-Party Risk - Provides regulatory guidance on evaluating third-party service providers.

NEW QUESTION # 43
For credit risk losses containing operational risk elements that have been historically included in an organizations' credit risk database how should the loss amount be treated?

A. The entire loss amount is treated as operational risk.
B. The entire loss amount is treated as credit risk
C. The loss amount is split into credit and operational risk components.
D. The entire loss amount is treated as credit risk, but the loss is entered as a memorandum within the operational loss database and not used for capital modeling purposes.

Answer: C

Explanation:
Understanding Credit Risk and Operational Risk Overlap
In some cases, credit risk losses contain elements of operational risk, such as fraud, documentation errors, or IT failures affecting credit transactions.
Basel II and III frameworks require institutions to distinguish between pure credit risk losses and operational risk components within those losses.
Treatment of Losses
The credit-related portion is accounted for under credit risk capital calculations.
The operational risk portion (e.g., fraud-related losses) should be classified separately and included in operational risk databases for risk measurement.
Why Answer C is Correct
Basel III and PRMIA recommend a clear split between credit risk and operational risk components to ensure accurate risk modeling.
If operational risk elements are ignored, an organization may underestimate its true operational risk exposure.
Why Other Answers Are Incorrect
Option
Explanation:
A . The entire loss amount is treated as credit risk.
Incorrect - This ignores operational risk components that should be accounted for separately.
B . The entire loss amount is treated as operational risk.
Incorrect - Credit risk losses are typically dominant in lending-related losses and should not be fully classified as operational risk.
D . The entire loss amount is treated as credit risk, but the loss is entered as a memorandum within the operational loss database and not used for capital modeling purposes.
Incorrect - The operational risk portion must be considered for capital modeling, not just recorded as a memo.
PRMIA Reference for Verification
Basel II & III Guidelines on Credit and Operational Risk Integration
PRMIA Operational Risk Framework

NEW QUESTION # 44
......

In a field, you can try to get the 8020 certification to improve yourself, for better you and the better future. With it, you are acknowledged in your profession. The 8020 exam braindumps can prove your ability to let more big company to attention you. Then you have more choice to get a better job and going to suitable workplace. You may have been learning and trying to get the 8020 Certification hard, and good result is naturally become our evaluation to one of the important indices for one level.

8020 New Dumps: https://www.dumpleader.com/8020_exam.html

P.S. Free 2025 PRMIA 8020 dumps are available on Google Drive shared by Dumpleader: https://drive.google.com/open?id=17AAbUiC40nueLm8zDwu8zQkGYmy4bodf

探索 ABA 學習的最新資源

Ron Clark Ron Clark

Biography