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The following questions are representative of the types of questions you will find on the CERP (Certified Enterprise Risk Professional) exam.

1. Which methodology is used to identify the root cause of a problem?

A. Benchmarking
B. Gap analysis
C. SWOT analysis
D. The 5 Whys

2. Senior management of a bank requests a heat chart for areas of security risk to enable prioritization of projects across the organization. Which is the BEST way to demonstrate the most critical risks?

A. Calculate a severity level for each risk and assign a risk score.
B. Document a business risk register with all known risks.
C. Document the probable loss magnitude (PLM).
D. Use qualitative methods to calculate information security risk.

3. Which term is defined as the MAXIMUM level of risk at which an organization can operate while remaining within a bank's capital constraints?

A. Risk appetite limit
B. Risk capacity
C. Risk culture
D. Risk profile

4. Which is a financial performance key risk indicator (KRI)?

A. Loan-to-value (LTV) ratios
B. Net interest margin (NIM)
C. Return on equity (ROE)
D. Risk-adjusted return on capital (RAROC)

5. What are the five elements of usable management information systems?

A. Content, accuracy, consistency, confidence, and relevance
B. Timeliness, accuracy, consistency, completeness, and people
C. Timeliness, accuracy, consistency, completeness, and relevance
D. Timeliness, content, standards, completeness, and relevance

Answer Key

1. D
2. A
3. B
4. D
5. C

CERP Exam Online Prep

Looking to prepare for the exam? ABA offers CERP Exam Online Prep.

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