Oracle Risk Management Cloud 2024 Implementation Professional (1Z0-1058-24)

Course Description

Prepare to pass exam: Oracle Risk Management Cloud 2024 Implementation Professional

The Oracle Risk Management Cloud Service 2024 Implementation Professional certification is designed for Consultants, Auditors, Implementors, and Line Managers who implement enterprise solutions. Individuals who earn this certification are skilled at performing initial configuration and data migration, configuring security, and managing Risk Management Objects.

If you have a valid Oracle Risk Management Cloud Service Implementation Professional Certification, and your credential has not expired, you can maintain your certification by taking the corresponding shorter Delta exam.

To prepare for the Oracle Risk Management Cloud 2024 Implementation Professional exam, focus on understanding risk management frameworks, controls, and auditing processes within Oracle Cloud. Gain hands-on experience configuring advanced controls and risk monitoring, and reinforce your knowledge with official Oracle documentation, training courses, and practice exams.

Exam topics covered

Managing Reports    

• Explain the role of Transaction Business Intelligence in Reporting    
  
• Create dashboards and reports    

Initiating Access Certification and Certifying User-Role 

• Describe Oracle Access Certification    
• Create access point or entitlement scoping filters to be used when initiating Access Certification    
• Initiate, secure, and scope Access Certification
• Understand the differences between top-down and bottom-up scoping in Access Certification    
• Analyze Predefined Access Certification Jobs    
• Evaluate certification status assigned during the Access Certification process    
• Explain the role of Actions and Links in Access Certification    
• Illustrate reassignment of Manager and Certifier roles and send email reminders to the Access Certification players    
• Review Certifier and My Team worksheets, and the Overview pages used during the review of Access Certification
• Explain the differences between Original Certifier Worksheet and Enhanced Certifier Worksheet
• Explain the certification workflow of Access Certification

Implementing and Managing Financial Reporting Compliance    

• Explain financial reporting compliance    
  
• Configure an environment for Financial Reporting Compliance implementation
• Create and manage process object    
• Create controls to address business process risks    
• Address risks using control documents measures    
• Create and manage issues
• Create and manage assessments, treatments, events, and consequences    
• Analyze Financial Compliance Reporting    

Using Stand-alone Surveys and Surveys Associated with Assessment    

• Describe stand-alone surveys and assessments surveys    
  
• Construct a survey choice set    
• Develop a survey choice set    
• Develop survey questions    
• Develop a survey template    
• Manage a participants list    
• Distribute surveys    
• Define and secure stand-alone surveys    
• View survey results    
• Close and reopen survey 

Using Advanced Access Controls    

• Explain the role of Advanced Access Controls
  
• Evaluate Access Models' objects and filters and interpret results to access Advanced Access Controls.
• Create or edit entitlements and access points, and investigate Global Conditions    
• Deploy Advanced Access Controls to remediate incidents    
• Analyze incidents and examine statuses and states assigned by Advanced Access Controls    
• Run Access Visualizations and Simulations to remedy the incidents discovered by Advanced Access Controls

Implementing and Using Advanced Controls    

• Explain the implementation and use of Advanced Controls    
  
• Explain Notifications, Perspectives, Models, Controls, Results, State, and Status of Records in Advanced Controls
• Examine export and import of models, controls, or conditions    
• Resolve duplicate name validation    

Using Advanced Financial/Transaction Controls including Audit and Sensitive Data Access Audit    

• Explain advanced financial/transaction controls     
  
• Explore the various approaches for financial/transaction model development    
• Create and edit financial/transaction models    
• Select business objects for the financial/transaction model
• Explain the relationship and use of system-generated objects and business objects    
• Create standard, function, and pattern filters    
• Define transaction model results    
• Synchronize financial transaction data    
• Run Access Models and interpret results    
• Deploy controls    
• Run financial/transaction controls    
• View, edit, and delete financial/transaction controls    
• Analyze incidents and examine statuses and states    
• Audit the sensitive data access    
• Work with models that audit data to uncover risks  

Implementing, Configuring, and Maintaining Risk Management    

• Explain risk management offerings    
  
• Schedule, run, and monitor jobs    
• Implement the common elements of Risk Management
• Configure the Financial Reporting Compliance Data Migration template
• Manage Financial Reporting Compliance Assessment Activity Definitions for process, control, and risk
• Review the configurations of Advanced Controls and manage global users
• Synchronize transaction data    
• Purge advanced controls results    
• Implement audit analysis with Advanced Controls and Sensitive Data Access

Securing Risk Management    

• Describe Risk Management Security requirements    
  
• Understand the differences between being eligible and authorized    
• Evaluate Advanced Access Controls Security    
• Evaluate Advanced Financial/Transaction Controls Security
• Assess Business Object Security    
• Evaluate Financial Reporting Compliance Security    
• Explain Advanced Access Request Security
• Manage User Assignment Groups