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The PRMIA 8020 Exam, officially titled Operational Risk Management (ORM) Certificate – 2023 Update, is a globally recognized certification offered by the Professional Risk Managers' International Association (PRMIA). It validates a candidate’s understanding of operational risk principles, governance, and regulatory frameworks essential for risk analysts and compliance officers.
This exam is ideal for risk analysts, compliance officers, auditors, and professionals working in financial institutions or corporate governance roles. It’s also suitable for students aiming to build a career in risk management.
The 8020 exam is divided into the following key sections:
Introduction to Operational Risk
Risk Governance
Risk Identification and Assessment
Risk Monitoring and Reporting
Risk Control and Mitigation
Risk Culture and Ethics
The PRMIA 8020 Exam consists of 60 multiple-choice questions. Candidates have 120 minutes to complete the test. The exam is computer-based, offered in English, and can be taken at Pearson VUE testing centers or via online proctoring.
To pass the PRMIA 8020 Exam, candidates must achieve a minimum score of 60%. This ensures a solid grasp of operational risk concepts and practices.
The PRMIA 8020 is ideal for risk analysts, compliance officers, and professionals seeking foundational knowledge in operational risk. While the PRMIA 8014 is better suited for experienced risk professionals who want to deepen their understanding through case-based learning.
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