Operational Risk

Level 1

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The Basic Level Test on Risk & Compliance Operations is designed to assess foundational understanding vital for roles in the banking and finance sectors. This test is intended for individuals who are beginning their journey in risk management and compliance operations within the banking industry or for those who seek to validate their basic knowledge of the subject.

Candidates are prompted to recognize 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 recognized accounting standards like the International Financial Reporting Standards (IFRS).

Through this Basic Level Test, individuals can display their understanding of crucial risk & compliance operations within banking, demonstrating their preparedness for roles that demand such fundamental knowledge. The test serves not only as a means to measure competency but also as a vehicle for reinforcing vital risk management and regulatory compliance concepts across an ever-evolving financial landscape.

Designed to access

  • Analytical Thinking

  • Attention to Detail

  • Risk Assessment

  • Regulatory Knowledge

  • Communication​​​

Use this test to hire for

  • Compliance Analyst
  • ​AML (Anti-Money Laundering) Associate
  • KYC (Know Your Customer) Specialist
  • Operational Risk Assistant
  • Credit Risk Analyst

Question

What does AML stand for in banking?

Select ONE answer

Question

The Basel Accords are international regulations that focus on what aspect of banking?

Select ONE answer

Question

What is the main concern of Operational Risk management in banking?

Select ONE answer

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