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CRA Certified Risk Analyst VIP Certification Exam
CRA — The Certified Risk Analyst (CRA) designation is awarded by the Global Academy of Finance and Management (GAFM); the exam covers quantitative and qualitative risk analysis, enterprise risk management, financial risk (market, credit, liquidity, operational), and regulatory frameworks, typically consisting of 100 multiple-choice questions at the 70% pass threshold.
54
Questions
120m
Time Limit
70.00%
To Pass
Question 1 of 54👑 VIP
A regional bank's risk committee is reviewing its Value at Risk (VaR) model. The model currently uses a 99% confidence level over a 10-day holding period and reports a VaR of $4.2 million. A new junior analyst argues the bank should move to a 95% confidence level to be more conservative. Which of the following best explains why the analyst's reasoning is incorrect?
Questions 2–54 and full explanations are VIP-exclusive.