Operational Risk & Compliance Fundamentals
Risk frameworks, controls, KYC/AML and governance — for banking, fintech and corporate risk roles.
Written for candidates entering risk, compliance and controls teams in banks, fintechs, NBFCs and corporates. It covers the risk lifecycle, the three lines model, control design and testing, Basel operational-risk event types, KYC/AML and India's FIU-IND reporting, data protection under the DPDP Act, and governance and escalation.
What it measures
Risk Fundamentals
Inherent and residual risk, appetite, responses and the three lines model.
Assessment & Controls
Heat maps, RCSA, preventive and detective controls, KRIs and testing.
Operational Risk
Basel definition and event types, loss data, BCP and third parties.
Compliance & Regulation
KYC, AML stages, suspicious transaction reporting, DPDP Act and conflicts.
Governance & Reporting
Risk registers, escalation, remediation, RCA and whistleblowing.
Who it's for
- Graduates applying to risk, compliance and audit teams
- Operations staff in banks, NBFCs and fintechs
- Professionals preparing for governance-heavy roles
How the test works
- 20 questions drawn at random from a larger bank, balanced across every skill area above.
- Answer options are shuffled for each candidate, and the timer keeps running once you start.
- Your answers save automatically. If your connection drops, reopen your link to continue.
- Score 70% or more to earn a verifiable ARISE certificate. You get 2 attempts.
Try a sample question
Buying insurance against fire damage is an example of which risk response?