ORM Exam Preparation Resources

The ORM Certificate is designed for self-study and is based on the PRMIA Operational Risk Manager Handbook, together with PRMIA Case Studies.

Optional preparation resources listed below are also available to help you prepare for the ORM exam, but they are not required to pass the exam.

Required

The required study resources listed below are designed for self-study.

The Operational Risk Manager Handbook is a best practices guide to all elements needed for the successful implementation of an effective risk management framework and the management of operational risk. Designed to deliver a deep, practical understanding of operational risk management, risk management frameworks and measurement methodologies in financial institutions, the handbook is written by an all practitioner author team from major financial institutions around the globe.

ORM Handbook Introduction and Table of Contents

Handbook Digital Resources

The ORM Handbook cites supplemental digital resources, which are provided below. Resources are listed based on the chapter where the reference is cited.

Chapter Resource
Pre-4: Introduction to Operational Risk Basel Committee on Banking Supervision (BCBS): Principles for the Sound Management of Operational Risk
Pre-4: Introduction to Operational Risk Observed range of practice in key elements of Advanced Measurement Approaches (AMA), July 2009 – BCBS
Pre-4: Introduction to Operational Risk Operational Risk – Supervisory Guidelines for the Advanced Measurement Approaches, June 2011 – BCBS
Pre-4: Introduction to Operational Risk OCC – Interagency Guidance On The Advanced Measurement Approaches For Operational Risk
Pre-4: Introduction to Operational Risk OCC – Risk Management of New, Expanded, or Modified Bank Products and Services
Pre-4: Introduction to Operational Risk OCC - Third Party Relationships
Pre-4: Introduction to Operational Risk Basel Committee on Banking Supervision (BCBS): Principles for Effective Risk Data Aggregation and Risk Reporting

 

Web-based Resources - PRMIA Case Studies freely available from our website


ORM Optional Online Training

PRMIA offers live, on-demand, and self-study programs for those who wish to reinforce their ORM studies.

ORM Self Study:  Designed to complement the ORM Handbook readings, this self study course combines video lectures with readings and assessments to offer the optimal study assistance.

Self Study Training
 

Virtual Online Training Programs:  Designed to offer live or on demand learning in a variety of topics that align to the ORM syllabus, PRMIA offers new virtual training each month. New topics related to Operational Risk are added month - check the listing often for courses that suit your needs.
Virtual Training