Oracle Risk Management Cloud 2025 Implementation Professional Practice Exam: Test Your Knowledge 2025

Your organization is implementing Oracle Risk Management Cloud for the first time. Which component serves as the foundation for defining the organizational structure and establishing the hierarchy for risk and control management?

A financial institution wants to implement segregation of duties (SoD) controls to prevent fraud. Which Oracle Risk Management Cloud module would be the PRIMARY choice for identifying and monitoring conflicting access combinations in their ERP system?

During an implementation, your client needs to understand how Oracle Risk Management Cloud integrates with their existing Oracle Cloud ERP. What is the PRIMARY integration mechanism used for data synchronization between these systems?

You are configuring Financial Reporting Compliance controls for SOX compliance. What is the FIRST mandatory step before you can create control processes?

A manufacturing company wants to implement preventive transaction controls to block purchase orders that exceed a specific threshold without proper authorization. Which Transaction Controls Governor component should be configured?

You need to configure a control that monitors for duplicate invoice payments across multiple legal entities. Which approach provides the MOST efficient implementation in Oracle Risk Management Cloud?

During configuration of transaction controls, you encounter a requirement to monitor transactions based on a complex combination of attributes including vendor type, amount threshold, and approval hierarchy level. What is the BEST practice for implementing this control?

Your organization wants to implement continuous monitoring of financial transactions. Which frequency option in Transaction Controls Governor provides the MOST timely detection of control violations while balancing system performance?

A client needs to configure different control testing frequencies for various risk levels: high-risk controls tested monthly, medium-risk quarterly, and low-risk annually. Where in Financial Reporting Compliance should this be primarily configured?

You are implementing transaction controls that need to evaluate transactions against reference data from external systems. What is the recommended approach for making external data available to Transaction Controls Governor?

In Control Manager, what is the PRIMARY purpose of the control assessment process?

During a control testing cycle, one of your control owners reports that they cannot complete their assessment because required evidence documents are missing. What Control Manager feature should be leveraged to PREVENT this issue in future cycles?

Your organization has 500 controls that need to be tested quarterly. What Control Manager capability would MOST efficiently support this requirement?

A control owner has completed testing and identified a deficiency in a key financial control. What is the BEST practice workflow in Control Manager for managing this situation?

You need to provide executive management with a dashboard showing the current status of all controls across the organization, including pass/fail rates and open issues. Which Control Manager feature should you utilize?

Your organization implements a new business process that affects 25 existing controls. What is the MOST efficient approach in Control Manager to reflect this change?

When implementing a risk assessment program in Oracle Risk Management Cloud, what is the PRIMARY relationship between risks and controls that should be established?

Your organization performs annual enterprise risk assessments where each business unit rates risks on likelihood and impact using a 5x5 matrix. How should this be configured in Oracle Risk Management Cloud?

A multinational corporation needs to manage compliance with multiple regulatory frameworks (SOX, GDPR, industry-specific regulations) simultaneously. What capability in Oracle Risk Management Cloud BEST supports this requirement?

Your implementation requires integration with a third-party GRC tool for advanced risk modeling. What integration approach does Oracle Risk Management Cloud support for bi-directional data exchange with external systems?