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PRMIA 8010 Exam - Topic 1 Question 12 Discussion

Actual exam question for PRMIA's 8010 exam
Question #: 12
Topic #: 1
[All 8010 Questions]

A risk management function is best organized as:

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Suggested Answer: B

The point that this question is trying to emphasize is the independence of the risk management function. The risk function should be segregated from the risk taking functions as to maintain independence and objectivity.

Choice 'd', Choice 'c' and Choice 'a' run contrary to this requirement of independence, and are therefore not correct. The risk function should report directly to senior levels, for example directly to the audit committee, and not be a part of the risk taking functions.


by Ozell at May 26, 2022, 12:25 PM

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Krissy
4 months ago
Surprised to see A getting so much love!
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Karrie
4 months ago
D? Really? That seems too close for comfort.
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Rosita
4 months ago
C sounds risky, but I see the logic.
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Florinda
4 months ago
I disagree, B makes more sense for objectivity.
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Kanisha
4 months ago
A is definitely the way to go! Risk should be everyone's job.
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Solange
5 months ago
I practiced a question similar to this, and I think D could be a possibility, but it seems risky to have them too close to the trading desks.
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Norah
5 months ago
I'm not entirely sure, but I feel like B makes sense since independence can help avoid conflicts of interest.
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Myra
5 months ago
I remember discussing how risk management should be integrated with risk-taking functions, so I think A might be the right choice.
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Santos
5 months ago
I have a vague memory of a case study that favored A, emphasizing that risk management needs to be pervasive throughout the organization.
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Ora
5 months ago
Hmm, the diagram doesn't give too many clues. I'm a bit unsure about this one, but I'll try to reason through the options.
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Johnathon
5 months ago
Okay, let's see. I think the first step is to identify the technology the application is built on, so I'll definitely choose option A. Then I'll need to verify the other key aspects like the interactions and match rules.
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Isabella
5 months ago
Configuring the WAF to filter requests from a specific IP address doesn't seem like the right approach here. I'll need to focus on the network and server configuration to resolve this issue.
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