- Exam Code: 8010
- Exam Name: Operational Risk Manager (ORM) Exam
- Updated: Aug 28, 2026
- Q & A: 242 Questions and Answers
Short on time before your 8010 exam date? Actual4Dumps packs 242 focused practice questions for the PRMIA Operational Risk Manager (ORM) into a format you can work through whenever a spare hour appears, so even a busy schedule is no excuse.
| Certification Vendor: | Professional Risk Managers' International Association (PRMIA) |
|---|---|
| Exam Name: | Operational Risk Management (ORM) Certificate Exam |
| Exam Number: | 8010 |
| Passing Score: | 60% |
| 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 Price: | USD 599 (non-member) / USD 549 (member) |
| Real Exam Qty: | 60 |
| Exam Format: | Multiple Choice |
| Exam Duration: | 120 minutes |
| Sample Questions: | ![]() |
| 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 |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Risk Management Framework | 10% | - Risk Appetite, Policies, Culture |
| Topic 2: Operational Risk Capital | 6% | - Capital Concepts & Basel III Context |
| Topic 3: Case Studies | 6% | - Applied Operational Risk Scenarios |
| Topic 4: Compliance Risk | 6% | - Compliance Risk Framework |
| Topic 5: Risk Information | 10% | - Loss Data, KRIs and Reporting |
| Topic 6: Operational Resilience | 4% | - Resilience Concepts and Practices |
| Topic 7: Risk Assessment | 10% | - Risk Identification and Assessment Techniques |
| Topic 8: Introduction | 2% | - Overview of Operational Risk Management |
| Topic 9: Risk Governance | 6% | - Governance Principles and Risk Roles |
The PRMIA Operational Risk Manager (ORM) is the official PRMIA exam that leads to the PRM Certification certification at the Certificate level. Passing it validates your skills against PRMIA standards and proves your qualification to current and future employers. The credential is also connected with related certifications such as PRMIA Market, Liquidity & Asset Liability Risk Management Certificate, PRMIA Credit & Counterparty Risk Management Certificate, PRMIA Cyber Risk Management Certificate, so it can serve as a solid step in a broader certification path.
The 8010 exam has 60 questions in total and must be completed within 120 minutes. That leaves only a narrow time budget per item, so train yourself to flag a difficult question, move on, and circle back later instead of getting stuck. A week or two before your test date, run at least one full timed mock exam in the Actual4Dumps desktop or online test engine under the same 120 minutes limit, and repeat until you can finish with a few minutes left for review.
The passing score for the 8010 exam is 60%, and the official registration fee is USD 599 (non-member) / USD 549 (member). Keep in mind that a failed attempt is not discounted — retaking the exam means paying the full fee again — so it is wise not to book your seat until your practice scores sit comfortably above the passing mark. Working through the 242 questions at Actual4Dumps in timed mode is a reliable way to judge when you are truly ready.
PRMIA sets the following requirement for the 8010 exam: Enrollment in the ORM Certificate program and payment of program fee required before exam authorization. No prior exam prerequisite.. Eligibility rules can change from time to time, so always confirm the current prerequisites on the official exam page at https://prmia.org/Public/Public/Certificate/ORM.aspx before you register.
Yes. Actual4Dumps offers a free PDF demo for the PRMIA Operational Risk Manager (ORM), so you can review real sample questions and judge the quality before paying anything. After your purchase, you receive 365 days of free updates — whenever the question pool changes, you get the latest version at no cost. Once that period expires, you can extend your update service at a 50% discount from your member zone.
If you take the 8010 exam within 60 days of your purchase and do not pass, you can apply for a full refund under our 100% Money Back Guarantee. To qualify, submit a scanned copy of your exam enrollment slip together with your official Score Report (PDF) within 2 days after the exam date, and your claim will be processed within 7 days. Note that the guarantee applies only to the corresponding exam: attempts taken within 3 days of purchase, downloaded-but-unused materials, free resources, and expired orders are not eligible, and the candidate name must match the purchaser name. If you would rather not refund, you can exchange the product for two free exam products of equal value while keeping the update service on your original purchase.
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The PRMIA Operational Risk Manager (ORM) is organized into 9 domains. Among the first ones are Introduction (2%), Risk Governance (6%), Risk Information (10%), and the remaining domains cover the rest of the official objectives. For the complete topic breakdown with every subtopic, see the full 8010 exam outline above on this page.
Question 1
If the cumulative default probabilities of default for years 1 and 2 for a portfolio of credit risky assets is 5% and 15% respectively, what is the marginal probability of default in year 2 alone?
A. 10.53%
B. 10.00%
C. 11.76%
D. 15.79%
Question 2
The frequency distribution for operational risk loss events can be modeled by which of the following distributions:
I. The binomial distribution
II. The Poisson distribution
III. The negative binomial distribution
IV. The omega distribution
A. I, II and III
B. I and III
C. I, II, III and IV
D. I, III and IV
Question 3
Under the CreditPortfolio View model of credit risk, the conditional probability of default will be:
A. higherthan the unconditional probability of default in an economic expansion
B. lower than the unconditional probability of default in an economic expansion
C. lower than the unconditional probability of default in an economic contraction
D. the same as the unconditional probability of default in an economic expansion
Question 4
A corporate bond has a cumulative probability of default equal to 20% in the first year, and 45% in the second year. What is the monthly marginal probability of default for the bond in the second year, conditional on there beingno default in the first year?
A. 3.07%
B. 15.00%
C. 2.60%
D. 31.25%
Question 5
If E denotes the expected value of a loan portfolio at the end on one year and U the value of the portfolio in the worst case scenario at the 99% confidence level, which of the following expressions correctly describes economic capital requiredin respect of credit risk?
A. E
B. U
C. U/E
D. E - U
Solutions:
| Question 1 Answer: A | Question 2 Answer: A | Question 3 Answer: B | Question 4 Answer: A | Question 5 Answer: D |
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