There will be 5 mini cases and each is worth 20%
They are based on What You Should be Able to Do. They test know how not know about, so there are no requests for definitions or explanations. You will be asked to create a solution to the ask in the case
Each question will be a min case similar to the ones discussed in class
Below are 3 sample mini-case questions
The best way to study is not to review your notes or this website. The best way is to first practice these skills:
writing an elevator pitch to capture the essence of any operational risk management process
explaining the benefits and limitations of using an Internal Loss database, External Loss data-based, Scenario Analysis, and changes to the Business and Internal Control Environment to manage operational risks
given a mini case, performing an RCSA or Gap Analysis
Applying the ECRG to
product launches or entering a new line of business
model risk
third-party risk management
cybersecurity
evaluating operational resilience (business continuity management) in the event of a stressful period involving the unavailability of physical assets, people assets, or information assets
and when you run into difficulty go back to your notes and this website for ways to overcome the difficulties you encountered. this is the difference between passive learning and active learning/ reviewing. Active learning/ reviewing is not only focused and targeted it makes the learning deeper and more durable.
Sample Mini Cases
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