CISI Operational Risk
Master the principles of operational risk management, Basel frameworks, cyber security, and regulatory compliance required for the Level 3 CISI Operational Risk qualification.
Updated for 2026. 100% matching with the latest official workbook revisions.
Listen to course modules on the go. Perfect for studying while driving or commuting.
* This is a chapter sample. All audio is available in the full version.
Operational Risk with Smart Practice
This is a complete exam simulation system designed to help you master the CISI Operational Risk syllabus from Basel frameworks to cyber risk.
We've distilled the complex regulatory guidelines, risk modelling formulas, and internal governance frameworks into a dynamic learning environment that adapts to your needs.
Exam Format & Details
| Questions | 50 Multiple Choice |
| Duration | 60 Minutes |
| Pass Mark | 70% |
Exams Academy vs. Traditional Training
| Feature | Exams Academy | Traditional Providers |
|---|---|---|
| Access Period | Lifetime Access | 30 - 90 Days |
| Practice Exams | Unlimited Retakes | 1 - 2 Static Mocks |
| Study Support | Instant 24/7 AI Tutor | Email Support |
| Cost | $189 (One-Time) | $300+ (Recurring) |
Key Benefits
AI Audio Summaries New
Listen to course modules on the go. Practice anytime, anywhere - even while driving or commuting.
- ✓ Studio-quality AI voice narration.
- ✓ Perfect for auditory learners.
- ✓ Maximize your study time during daily commutes.
Strategic Mock Exams
5 full exams replicating the 50-question, 60-minute Operational Risk format.
- ✓ Proportional chapter weighting across all 7 chapters.
- ✓ Scenario-based MCQs matching CISI examiner style.
- ✓ Instant feedback with detailed explanations.
250+ High-Yield Questions
Built from real workbook MCQs and authored scenario questions.
- ✓ Covers Basel frameworks, Pillar 1, 2 & 3.
- ✓ Cyber risk, AML, and regulatory capital calculation.
- ✓ Senior Managers Regime and PRA/FCA dual regulation.
AI Exam Mentor
Your private tutor trained on the CISI Operational Risk workbook.
- ✓ Explains BIA, TSA, and SMA clearly.
- ✓ Clarifies the difference between Risk Appetite and Risk Tolerance.
- ✓ Available 24/7 for immediate support.
Syllabus
Module 1: Element 1: Risk Basics 3 marks
Core principles of risk and risk management.
- • Risk vs Uncertainty
- • The Risk Management Process
- • Risk Appetite, Capacity, and Tolerance
Module 2: Element 2: Other Major Risks 7 marks
Definitions of Credit, Market, Liquidity, and other risks.
- • Market risk, Credit risk, Liquidity risk.
- • Systemic risk and moral hazard.
- • Reputational and Strategic risk.
Module 3: Element 3: The Nature of Operational Risk 20 marks
Operational risk definitions, causes, and resilience.
- • Basel definition of Operational Risk
- • Internal fraud, external fraud, employment practices
- • Direct vs Indirect operational losses
- • Operational Resilience
Module 4: Element 4: The Causes and Impacts of Operational Risk 4 marks
Understanding why operational risk events occur.
- • Inadequate or failed internal processes
- • People risk (human error, fraud)
- • Systems failures and external events
Module 5: Element 5: Operational Risks Arising in the Trade Cycle 5 marks
Risks associated with execution, settlement, and corporate actions.
- • Pre-trade, Execution, and Settlement risks.
- • Corporate actions (mandatory vs voluntary).
- • Payment systems (CHAPS, BACS, SWIFT).
Module 6: Element 6: The Support and Control Functions 7 marks
The role of support functions in mitigating operational risk.
- • Human Resources and IT support
- • Compliance, Internal Audit, and Risk Management
- • The Three Lines of Defence model
Module 7: Element 7: Operational Risk in the Regulatory Environment 4 marks
Basel Accords and regulatory capital calculation approaches.
- • Basel Accords (I, II, III, IV/3.1)
- • Pillar 1, 2, and 3 frameworks
- • DORA, SFDR, Consumer Duty, SM&CR
Who Is This For?
Frequently Asked Questions
The CISI Operational Risk exam is a Computer-Based Test of 50 multiple-choice questions in 60 minutes. The pass mark is 70% (35 out of 50). Exams are available year-round at Prometric centres worldwide.
It is primarily taken by professionals in risk management, compliance, and internal audit looking to solidify their understanding of operational risk and the Basel frameworks.
Yes — all content reflects the latest CISI syllabus, including recent updates to cyber security resilience and the shift toward the Standardised Measurement Approach (SMA) under Basel III.
You get lifetime access from the moment of purchase. Study at your own pace with no time limits or recurring fees.
Yes! You can test your knowledge and see our AI tutor in action with our free CISI Operational Risk Sample Paper.
CISI Operational Risk
Course Features
Student Reviews
From finance professionals who prepared and passed their CISI exams.
Recent Reviews
Very realistic exams
The best part is how the questions are weighted by chapter just like the real exam. It gives you a true sense of readiness. The mock exams are challenging and the chapter summaries are great for last minute review.
Solid material
Solid material for CISI Op Risk. I loved the flashcards for remembering the specific regulatory thresholds. It is much easier to use than carrying the official workbook around and the interface works perfectly on my tablet.
Great practice tool
Great practice tool. The mock exams are realistic and helped me see what I need to review.
Completely changed how I study
I have been preparing for the Operational Risk exam and this platform changed how I study. The Basel frameworks always confused me but the scenario questions here really break things down. I appreciate the detailed explanations for every wrong answer because it forced me to understand the regulations instead of just memorizing. The AI tutor was also helpful when I got stuck on calculations.
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