VIP Exclusive
CORES Certified Operational Risk Executive Specialist VIP Practice Exam
CORES — The CORES (Certified Operational Risk Executive Specialist) is an advanced operational risk credential targeting senior risk professionals; while no single globally-standardized issuing body exclusively owns the CORES designation at this writing, this exam mirrors the content domains, difficulty level, and scenario-driven format of executive-tier operational risk certifications (aligned with Basel III/IV Pillar 2, COSO ERM, and ISO 31000 frameworks) as tested by bodies such as PRMIA, IOR, and GARP.
54
Questions
120m
Time Limit
75.00%
To Pass
Question 1 of 54👑 VIP
A regional bank has just experienced a significant operational loss event when a back-office employee circumvented dual-control procedures to process a series of unauthorized transactions totaling $4.2 million. The Chief Risk Officer is now presenting to the Board Risk Committee. Which Basel event-type category BEST classifies this loss for regulatory reporting purposes?
Questions 2–54 and full explanations are VIP-exclusive.