Operational Risk

​This Basic Level Test on Risk and Compliance Operations is designed to assess foundational understanding, vital for entry-level roles in the banking and finance sectors. This test is aimed for individuals who are beginning their journey in risk management and compliance operations within the banking industry, or for those seeking to validate their foundational knowledge of the subject.

Candidates are prompted to recognise the broad spectrum of banking operations, from the role of central banks in managing a nation's currency and monetary policy, to the significance of financial inclusion for societal welfare.

Moreover, the test examines candidates' understanding of critical banking terminology and concepts, such as 'Fintech,' and internationally recognised accounting standards like the International Financial Reporting Standards (IFRS).

Through this Basic Level Test, candidates can display their understanding of crucial risk and compliance operations within the banking sector. Beyond assessing competence, it reinforces key principles of risk management and regulatory compliance, preparing individuals for an ever-evolving financial landscape.