Study operational-risk governance, identification, controls, resilience, cyber and third-party risk, model risk, stress testing, capital and Basel reforms.
Qualification facts verified against FRM Part II Operational Risk and Resilience book scope. Last checked 2026-08-02. Official GARP FRM study-materials page. The supplied official book controls the 24-chapter learning content. Current GARP sources verify the Part II domain structure and official exam format.
Operational Risk and Resilience practice inventory
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Which statement correctly explains Board risk reporting?
Operational Risk and Resilience moves from operational-risk foundations, governance, identification, assessment, controls and reporting into cyber resilience, financial crime, outsourcing, third-party risk, compliance, model risk, stress testing, economic capital and post-crisis Basel reforms.
This course keeps all 24 chapters together as one book-level learning hub. Detailed summaries show the governance and analytical method, 260 flashcards build active recall, the 272-item reference sheet supports fast review, and the AI tutor is grounded in the supplied Operational Risk and Resilience source.
The five course mocks each contain 20 questions and run for 60 minutes, preserving the official Part II pace of three minutes per question. Mocks 1-4 contain 80 distinct questions; Mock 5 takes an equal sample from those papers. The 70% platform result is a book-level mastery target, not an official GARP pass mark.
The official FRM Part II exam contains 80 equally weighted multiple-choice questions across all Part II domains and lasts four hours. Complete the other printed books and the required Current Issues readings before full Part II practice.
| Assessment | Book-level topical practice: 20 multiple-choice questions in 60 minutes. The official FRM Part II exam covers all Part II domains with 80 equally weighted questions in four hours. |
| Duration | 60 Minutes |
| Feature | Exams Academy | Details |
|---|---|---|
| Access Period | Lifetime Access | One-time enrollment with no recurring fee |
| Practice Exams | Unlimited Retakes | Five 20-question timed book-level mock exams |
| Study Support | Instant 24/7 AI Tutor | Self-service AI support; live instructor support is not included |
| Cost | $89 (One-Time) | One-time payment with no recurring subscription |
Test the 24-chapter book through five 20-question practice papers at the official Part II pace.
Clarify governance, controls, resilience, third-party risk, models, capital and regulatory relationships.
Strengthen memory with 260 flashcards and a 272-item searchable reference sheet.
Connect each framework with its owner, process, evidence, decision and residual risk.
Use the same question bank in two different ways: build understanding with instant feedback, then switch to a realistic simulation when you are ready.
Choose an answer, see immediately whether it is right or wrong, and read the explanation before moving on.
Work against the official-style timer without revealing answers, then review your score and every explanation after submission.
Scope, boundaries, frameworks, risk features and operational resilience.
Prudential regulation, board oversight, three lines, appetite and culture.
Top-down and bottom-up tools, scenarios, taxonomies and risk inventories.
Loss data, RCSA, KRIs, factor methods, scenarios and operational-risk capital.
Risk responses, controls, process design, continuity, crisis management and transfer.
Internal audiences, risk profiles, combined assurance and external disclosure.
ERM, appetite, regulatory and economic capital, RAROC and stress testing.
Cyber governance, architecture, testing, response, sharing and third parties.
Cyber frameworks, protection, monitoring and the Equifax breach.
Risk assessment, customer acceptance, due diligence, monitoring and group-wide controls.
Fraud drivers, prevention, monitoring, investigation and remediation.
Due diligence, contracts, monitoring, continuity, concentration and exit.
Inventory, criticality, residual risk, cloud dependency and provider incidents.
Suitability, conflicts, execution, product governance, client assets and surveillance.
Development, implementation, use, validation, governance and model inventory.
Copula, spreadsheet and unit-error cases and their governance lessons.
Scenario design, loss and revenue models, balance sheet, capital and disclosure.
Risk capital, capital budgeting, performance, PIT/TTC, hurdle rates and diversification.
Governance, tail measures, aggregation, validation and attribution.
Risk identification, controls, policy, scenarios, projections and capital adequacy.
Basel I, Basel II, credit approaches, mitigation, operational risk and Solvency II.
Basel 2.5, Basel III capital, leverage, liquidity and resolution.
Credit-risk revisions, model constraints, CVA, operational risk, leverage and output floor.
Business Indicator, BIC, ILM, loss-data standards, exclusions and disclosure.
Preparation centre
Use these connected guides for the syllabus, exam format, booking and revision strategy.
No. This course covers the Operational Risk and Resilience printed book. Candidates also need the other Part II books and the required Current Issues readings.
GARP describes Part II as 80 equally weighted multiple-choice questions completed in four hours across all Part II domains.
No. They are book-level topical practice. Full Part II practice should combine every domain and Current Issues in the official 80-question format.
The course preserves the official Part II pace of three minutes per question: 20 topical questions in 60 minutes.
No. GARP does not publish a fixed percentage pass mark. The platform uses 70% only as an internal mastery target.
No. Exams Academy is an independent education provider and is not affiliated with or endorsed by GARP.
You receive lifetime access to this course content with no recurring subscription fee.
Yes! Test your knowledge and see our AI tutor explanations with the free GARP FRM Part II — Operational Risk and Resilience (Book 3) Sample Paper. It contains 15 questions from one named topic and is not a full mock exam or overall readiness assessment.
Master this FRM curriculum book with source-grounded summaries, active recall and clearly scoped book-level practice before combining it with the rest of the curriculum.
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