Financial Crime & Conduct

CISI Operational Risk (UAE)

Master the syllabus with our official CISI Accredited Training Partner (ATP) study suite. Master the principles of operational risk management, Basel frameworks, cyber security, and regulatory compliance required for the Level 3 CISI Operational Risk qualification.

250 Practice Questions Detailed Study Notes Realistic Mock Exams

Course syllabus information reviewed for 2026. Always check the awarding body’s latest official syllabus and candidate updates before booking or sitting your exam.

Exactly what is included

5 mock exams × 50 questions · 250 unique questions · unlimited retakes
Focus Learn · key areas, pitfalls, exam traps & key numbers
Flashcards · fun, fast and effective recall
Exam cheat sheet · key facts, rules and numbers by chapter
Audio Learning · every chapter in audio
AI Analyzer & Mentor · pinpoints your weak areas
Study Mode Exams · learn while you train
AI Chat trained specifically for this exam
Community-polished data, improved every day
Up-to-date, accuracy-checked content

AI Audio Summaries New

Listen to course modules on the go. Perfect for studying while driving or commuting.

🎧 Audio

* 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.\n\nCISI Academy is an official Accredited Training Partner (ATP) of the Chartered Institute for Securities & Investment.\nAs an official partner, we provide study materials aligned with the latest syllabus to ensure your exam success.\n

Key Benefits

Official CISI ATP Partner

Study with confidence using materials aligned with the syllabus published by the Chartered Institute for Securities & Investment.

✓ Direct alignment with the official CISI syllabus.
✓ Content reviewed by CISI certified professionals.
✓ Official recognition of training quality.

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.

Listen to a sample

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 out of 50

🎧 Audio

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 out of 50

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 out of 50

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 out of 50

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 out of 50

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 out of 50

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 out of 50

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

Student Reviews

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Recent Reviews

Mia L.

· Aug 4, 2026

★

CISI Academy learner feedback

Passed with confidence

Helped a lot to clear my doubts and gain more confidence before the actual exam day. The progress tracker kept me accountable.

James L.

· Aug 1, 2026

★

CISI Academy learner feedback

Exactly what I needed

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.

Turki R.

· Jul 30, 2026

★

CISI Academy learner feedback

Highly recommend

I tried reading the official book but it was too dense. These questions are challenging and the detailed feedback for every answer makes learning so much faster.

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.

As an official CISI Accredited Training Partner, our provider holds ATP status and our materials are structured around the current CISI syllabus. This gives you a structured, exam-focused companion to the official workbook.

Yes! Test your knowledge and review detailed explanations with the free CISI Operational Risk Mock Exam Preview below. It contains 15 exam-style questions from one named syllabus topic; the full course provides complete mock exams and syllabus coverage.

Interactive preview

Free CISI Operational Risk Practice Questions & Exam Preview

Try 15 CISI Operational Risk practice questions from The Nature of Operational Risk

Practice CISI Operational Risk exam questions with answers and explanations. The full course includes 5 mock exams and complete syllabus coverage.

Exam Preview

The Nature of Operational Risk

Question 1 of 15

An international bank is drafting its new operational risk policy to define risk appetite and establish boundaries between operational, market, and credit risk. The Chief Risk Officer proposes that the policy only be signed off by the heads of each division to ensure local buy-in. According to best practices in operational risk management, what is the primary flaw in this approach?

1 / 15

Flashcards

Card 1 of 10Element 1: Risk Basics

Question

How does the Basel Committee on Banking Supervision (BCBS) formally define Operational Risk?

Tap to reveal answer

Focus Learn

Key Examinable Areas3

Definitions and distinctions between the four main categories of risk (Credit, Market, Liquidity, Operational).
Detailed analysis of Major Operational Risk Incidents and their root causes (e.g., Invesco, LIBOR, Wells Fargo, Bank of Bangladesh, Merrill Lynch).
The definition, core objectives, and challenges of Enterprise Risk Management (ERM).

Common Pitfalls to Avoid2

Exam Traps2

Key Numbers2

Element 1: Risk Basics

Element 1: Risk Basics establishes the foundational concepts for understanding risk within the financial services sector. This syllabus area is crucial, contributing approximately 3 out of the 50 total examination questions. It sets the stage for exploring operational risk by defining risk generally and categorizing the primary risks faced by financial institutions.

The chapter begins by defining risk generally as the chance or possibility of damages, loss, injury, or other adverse consequences. This definition encompasses two primary elements: 'Chance', referring to the likelihood or probability of a future event happening, and 'Adverse consequences', indicating the downside or negative potential outcome that individuals or organizations seek to avoid.

Within the financial services indu…

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Instant feedback & explanations

See the answer and explanation after each choice.

Exam Mode

Realistic exam simulation

Use the timer, keep answers hidden, then review your result.

Who Is This For?

✓ Operational Risk Analysts and Managers

✓ Compliance officers

✓ Internal Auditors

✓ Anyone needing to pass the CISI Operational Risk exam efficiently

★★★★★ 5.0 (154 global students)