While all of us enjoy the great convenience offered by 8020 information and cyber networks, we also found ourselves more vulnerable in terms of security because of the inter-connected nature of information and cyber networks and multiple sources of potential risks and threats existing in 8020 information and cyber space. Taking this into consideration, our company has invested a large amount of money to introduce the advanced operation system which not only can ensure our customers the fastest delivery speed but also can encrypt all of the personal 8020 information of our customers automatically. In other words, you can just feel rest assured to buy our 8020 exam materials in this website and our advanced operation system will ensure the security of your personal information for all it's worth.
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
>> 8020 Latest Exam Preparation <<
The secret that TrainingDump helps many candidates pass 8020 exam is PRMIA exam questions attentively studied by our professional IT team for years, and the detailed answer analysis. We constantly updated the 8020 Exam Materials at the same time with the exam update. We try our best to ensure 100% pass rate for you.
NEW QUESTION # 29
Ideally, the facilitator of a risk assessment workshop should:
Answer: D
Explanation:
Step 1: Role of a Risk Assessment Facilitator
The facilitator's main role is to guide discussions without bias, ensuring objective risk identification.
PRMIA's Risk Governance Framework highlights neutral facilitation as key to effective risk workshops.
Step 2: Why Option C Is Correct
Objectivity ensures unbiased risk assessment.
Expressing personal opinions can influence risk ratings, leading to distorted outcomes.
Step 3: Why the Other Options Are Incorrect
Option A ("Guide the workshop toward a pre-determined conclusion")
Incorrect because risk workshops should discover risks, not confirm pre-set beliefs.
Option B ("Attendees can override results")
Incorrect as risk results should be evidence-based, not subject to override.
Option D ("Attend via video connection")
Incorrect as facilitators must engage actively, making remote facilitation less effective.
PRMIA Risk Reference Used:
PRMIA Risk Governance Framework - Stresses objectivity in risk assessment facilitation.
PRMIA Risk Identification Best Practices - Encourages unbiased workshops.
Final Conclusion:
Facilitators must remain neutral and objective, making Option C the correct answer.
NEW QUESTION # 30
Internal loss data (ILD) consists of what kind of data?
Answer: D
Explanation:
Definition of Internal Loss Data (ILD)
Internal Loss Data (ILD) refers to historical records of actual operational losses incurred by a bank.
These losses are used for risk assessment, capital calculations, and trend analysis under Basel III's Operational Risk Framework.
Key Characteristics of ILD
Captures actual past loss events, such as fraud, system failures, and compliance breaches.
Supports the identification of risk trends and weak control areas.
Used for operational risk capital modeling, along with external loss data and scenario analysis.
Why Other Answers Are Incorrect
Option
Explanation:
A . It consists of near miss operational loss incidents of a bank.
Incorrect - ILD captures actual losses, while near misses are reported separately.
C . It consists of the Key Risk Indicators of a bank.
Incorrect - KRIs are forward-looking risk metrics, while ILD focuses on historical data.
D . It consists of scenario data developed to calculate the future operational loss incidents of a bank.
Incorrect - ILD is historical, whereas scenario data is used for predictive analysis.
PRMIA Reference for Verification
Basel III & PRMIA Operational Risk Data Framework
PRMIA Risk Management Standards for ILD
NEW QUESTION # 31
For the TSB case what was the cause of the outage at the heart of the case?
Answer: D
Explanation:
Step 1: Understanding the TSB Case
The TSB outage in 2018 was caused by a failed IT migration from its old banking system to a new one.
The transition locked millions of customers out of their accounts for weeks, resulting in financial losses and reputational damage.
Step 2: Why Option C Is Correct
TSB attempted to move customer data to a new banking platform, but serious defects in the migration process led to service failures.
PRMIA and UK Financial Conduct Authority (FCA) reports confirmed that poor IT risk management was a key failure.
Step 3: Why the Other Options Are Incorrect
Option A ("Liquidity squeeze by hedge-fund")
Incorrect because TSB's failure was due to IT migration issues, not a liquidity crisis.
Option B ("Sub-standard risk pricing and risk management")
Incorrect because pricing models were not the cause-it was an IT system failure.
Option D ("IT models did not work if prices were discontinuous")
Incorrect as this issue is more common in high-frequency trading failures, not banking system outages.
PRMIA Risk Reference Used:
UK FCA Investigation on TSB Incident - Confirms IT migration failure as root cause.
PRMIA IT Risk Management Framework - Highlights risks of major IT transitions.
Final Conclusion:
The TSB outage was caused by a failed IT migration, making Option C the correct answer.
NEW QUESTION # 32
What are some of the deficiencies associated with bottom-up Key Risk Indicators?
Answer: A
Explanation:
Definition of Bottom-Up Key Risk Indicators (KRIs)
Bottom-up KRIs are generated from operational-level data rather than high-level strategic indicators.
They are useful for monitoring localized risks but may fail to capture broad risk drivers.
Key Deficiencies of Bottom-Up KRIs
Lack of clarity on causal relationships - These indicators may detect risk trends but fail to explain root causes.
Focus on micro-level risks - They may miss systemic or enterprise-wide risk interactions.
Why Answer B is Correct
Bottom-up KRIs may indicate changes in risk levels but lack insight into the underlying causes, leading to reactive rather than proactive risk management.
Why Other Answers Are Incorrect
Option
Explanation:
A . Mandates from a board that are too restrictive to implement.
Incorrect - Board mandates apply to top-down governance, not bottom-up KRIs.
C . Not reported frequently enough.
Incorrect - Reporting frequency is an issue but not the primary deficiency; rather, it's the lack of causal insight.
D . Lack of granularity.
Incorrect - Bottom-up KRIs tend to be highly detailed (granular), making this answer incorrect.
PRMIA Reference for Verification
PRMIA Key Risk Indicator Best Practices
Basel Committee's Risk Measurement and Reporting Framework
NEW QUESTION # 33
Which of the below is accurate about a risk assessment workshop?
Answer: C
Explanation:
Step 1: What Is a Risk Assessment Workshop?
A risk assessment workshop is a structured session where key stakeholders identify, evaluate, and prioritize risks.
Effective workshops require preparation, clear objectives, and structured discussions to ensure meaningful risk analysis.
Step 2: Why Option B is Correct
PRMIA and best practices recommend thorough preparation, including:
Setting objectives
Defining risk categories
Ensuring participation from risk, compliance, and business units
Providing risk assessment tools/templates
Step 3: Why the Other Options Are Incorrect
Option A ("Run spontaneously") → Incorrect because lack of preparation leads to poor discussions and missed risks.
Option C ("Risk management should not attend") → Incorrect because risk managers provide key expertise to guide discussions.
Option D ("Compliance experts should not attend") → Incorrect because compliance provides regulatory insights essential to risk assessment.
PRMIA Risk Reference Used:
PRMIA Risk Assessment Framework - Recommends structured, well-prepared workshops.
ISO 31000 Risk Management Standard - Supports proactive workshop planning.
Final Conclusion:
Risk assessment workshops should be well-prepared to ensure meaningful discussions and effective risk identification, making Option B the correct answer.
NEW QUESTION # 34
......
You can adjust the speed and keep vigilant by setting a timer for the simulation test. At the same time online version of 8020 test preps also provides online error correction— through the statistical reporting function, it will help you find the weak links and deal with them. Of course, you can also choose two other versions. The contents of the three different versions of 8020 learn torrent is the same and all of them are not limited to the number of people/devices used at the same time.
Reliable 8020 Exam Sample: https://www.trainingdump.com/PRMIA/8020-practice-exam-dumps.html
Contact us if you need any assistance
Gmail - dkpacademy7@gmail.com
WhatsApp number - 7898237510
Chat Now