Master the principles of operational risk management, Basel frameworks, cyber security, and regulatory compliance required for the Level 3 CISI Operational Risk qualification.
Course syllabus information reviewed for 2026. Always check the awarding body’s latest official syllabus and candidate updates before booking or sitting your exam.
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.
Try 15 questions from The Nature of Operational Risk
This preview shows one part of the course. Try this short topic quiz and unlock the full course for complete mock exams and full coverage.
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.
| Assessment | 50 multiple-choice questions |
| Duration | 60 Minutes |
| Standard Pass Mark | 70% |
| 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) |
Listen to course modules on the go. Practice anytime, anywhere - even while driving or commuting.
5 full exams replicating the 50-question, 60-minute Operational Risk format.
Built from real workbook MCQs and authored scenario questions.
Your private tutor trained on the CISI Operational Risk workbook.
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.
Core principles of risk and risk management.
Definitions of Credit, Market, Liquidity, and other risks.
Operational risk definitions, causes, and resilience.
Understanding why operational risk events occur.
Risks associated with execution, settlement, and corporate actions.
The role of support functions in mitigating operational risk.
Basel Accords and regulatory capital calculation approaches.
Preparation centre
Use these connected guides for the syllabus, exam format, booking and revision strategy.
A comprehensive guide to passing the CISI Operational Risk exam, covering Basel frameworks, risk modeling, and exam preparation strategies.
PracticePrepare with the best CISI Operational Risk mock exams. Try our free sample paper, updated hourly from real student feedback, with 500+ questions.
Exam guideMaster operational risk management for the CISI exams by exploring the top 5 real-world failure scenarios, from cyber attacks to rogue trading.
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! Test your knowledge and see our AI tutor explanations with the free CISI Operational Risk Topic Quiz below. It contains 15 questions from one named topic and is not a full mock exam or overall readiness assessment.
No. For UK regulated activities, the firm must map the role to the FCA Training and Competence sourcebook and its appropriate-qualification tables. A CISI course title alone does not establish authorisation for every activity. Confirm the requirement with the employer and regulator before booking.
Use the official CISI booking flow to check remote-invigilation or test-centre availability for CISI Operational Risk. Confirm the current workbook edition and read Candidate Updates before booking.
Exams Academy checkout is displayed in US dollars and the card provider converts it to GBP. The official CISI exam and required workbook are booked and paid for separately at the current CISI price.
From finance professionals who prepared and passed their CISI exams.
The questions are very similar to the real test. I was worried about the time limit, but practicing with these mocks helped me manage my pace. Highly recommended!
I was struggling with some of the more confusing concepts, but the mock exams and flashcards here broke it down perfectly. The explanations really clarify why an answer is wrong.
I struggled with the official workbook. This platform categorizes everything so neatly. The chapter summaries on cyber risk and business continuity were fantastic.
The mock exams test your application of KRI and KCI frameworks, not just rote memorization. This is exactly what the CISI Op Risk exam demands.
Operational risk is such a dry subject, but the AI tutor broke down the Basel III capital requirements in a way I could actually understand. Great platform.
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.
Great practice tool. The mock exams are realistic and helped me see what I need to review.
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.
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.
🇬🇧 Local market guide
Review how CISI Operational Risk connects to regulation, qualification pathways, booking, currency and careers in the United Kingdom before paying the official exam fee.
For UK regulated activities, the firm must map the role to the FCA Training and Competence sourcebook and its appropriate-qualification tables. A CISI course title alone does not establish authorisation for every activity.
Financial Conduct AuthorityUse the official CISI booking flow to check remote-invigilation or test-centre availability for CISI Operational Risk. Confirm the current workbook edition and read Candidate Updates before booking.
Find a CISI test centreICWIM knowledge is relevant to international private banking, client services, wealth operations and entry-level investment-support roles. Regulated UK advice roles may require a different or higher-level qualification.
Exams Academy checkout is displayed in US dollars and the card provider converts it to GBP. The official CISI exam and required workbook are booked and paid for separately at the current CISI price.
Market-specific reading
Review the official format, syllabus and study plan.
Compare ICWIM's international foundation with a UK role-focused progression route.
Explore UK-specific wealth-management context beyond the global ICWIM syllabus.
Join hundreds of finance professionals who passed their CISI exams and earned their CISI qualifications with our smart practice platform and AI CISI tutors.
Only if you have already purchased. Enter the email you used to buy. We'll send a sign-in link AND a 6-digit code so you can log in on any device.