Operations Risk Management Module (Intermediate): FAQs
What is Operations Risk Management Module?
In every business operation, there is an internal and external environment that has placed hazards for business operations. That is referred to as inherent risks of doing business. However, Operational risk management refers to a methodology that helps in:
- Firstly, risk assessment
- Secondly, risk decision making
- Lastly, implementation of risk controls
What knowledge enhancement will there is Operations Risk Management Module?
Operations Risk Management Module helps you to cover various areas and concepts to have a better understanding. In this you will:
- Firstly, get in-depth knowledge about operations risk management.
- Secondly, learn how to identify operations risk issues.
- Lastly, to understand approaches for mitigating operational risk issues.
Who is the target audience for Operations Risk Management Module?
Operations Risk Management Module is best suitable for:
- Firstly, Students
- Secondly, Finance Professionals
- Thirdly, Employees with banks and financial services sector
- Lastly, Anybody with having an interest in this area
In how many languages NCFM exams are available?
NCFM exams are online and self-study exams that conducts across India that are available in the English language.
Is there any negative marking in the Operations Risk Management Module?
For the Operations Risk Management Module exam, an Open Office Spreadsheet will be provided with an allowance for all types of calculators during the test. However, there will be a 0.25% negative marking for any incorrect answers.
How many questions will be there on Operations Risk Management Module?
There will be a total of 75 questions in the exam that has to be answered in a time duration of 120 minutes.
What is the passing score for Operations Risk Management Module?
To pass the Operations Risk Management Module you have to score a minimum of 60%. And, in the exam, there will be objective type questions only. That is, for every question, you will find four / five alternative answers.
How much the Operations Risk Management Module?
The exam will cost you Rs.2006/ inclusive of GST. And, the certification is valid for 5 years.
How to register for NCFM exam?
Candidates can register for the exam online by accessing the link ‘Online Registration’ available under Education then, click Certifications and Online Register / Enroll. After registration, you will receive a unique NCFM registration number along with a user id and password. Also, a confirmation will be sent to the email id and mobile number. After that, using the same, you can access your:
- Firstly, an online NCFM account to make payment
- Secondly, enroll for the test
- Thirdly, update the address
- Lastly, check study material status or viewing certificates
What is the course outline for the Operations Risk Management Module?
The topics for Operations Risk Management Module includes:
- Firstly, Trades in Secondary Market
- Secondly, Clearing & Settlement of Trades
- Thirdly, Workflow Design
- Next, BASEL Overview
- After that, Basel II: Operational Risk
- Then, Basel: Operational Risk Principles
- Lastly, Basel: Audit
Is there any eligibility criteria for Operations Risk Management Module?
There is no eligibility criteria
What is the NCFM taking the test procedure?
- Firstly, candidates need to take the test at the designated NSE test center selected at the time of enrollment.
- Secondly, candidates need to be present at the test center 30 minutes prior to the test time. And, those reaching late will not have access to take the test. In such cases, the candidate would need to take the enrollment again.
- Thirdly, candidates need to carry an original Photo ID proof of verification. Valid photo ID proof includes PAN card, Driver’s License, Passport, Employee ID, Voter’s ID card, or Student ID card issued by college or school.
- Next, the candidate may bring a scientific calculator and a pen to the test venue. However, a backup sheet and rough sheet(s) would be provided to the candidates during the test.
What is the NCFM certificate issuing procedure?
NSE states that certificates for all modules will be given to the successful candidates at the test center itself. However, failed candidates will be provided with a scorecard at the test center. Candidates are requested to ensure that they collect the same before leaving the test center. Also, the successful candidates can view their certificates online under the link ‘Query/Report’ available in their NCFM online login.
How to upload photo for NCFM registration?
Candidates can upload photos online by accessing the link ‘Upload Photo’ available in their NCFM online login. Please note photo being uploaded should be:
- Passport size (3 X 3 cms or 1 X 1 inch or 150 X 180 pixels) (The photograph will be printed on your certificate. Hence, ensure that you upload appropriate passport size photograph only).
- in JPEG format.
- of file size below 30 KB
How to make NCFM exam payment?
Payment can be made online by accessing through online NCFM login. Then, under Education click Certifications and start online registration or enrollment. You must know that the validity of the NCFM test fees is revised from 180 days to 90 days from the date of receipt of payment. That is to say, it is necessary to enroll for the NCFM test within 90 days from the date of receipt of payment failing. However, fees once paid can not be refunded.
For More: Check Operations Risk Management Module Page
