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  • Exam Code: 1Z0-1058-21
  • Exam Name: Oracle Risk Management Cloud 2021 Implementation Essentials
  • Updated: Oct 03, 2026
  • Q & A: 77 Questions and Answers
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  • Exam Code: 1Z0-1058-21
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Oracle 1Z0-1058-21 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Issues and Action Plans15%- Create and track action plans
- Manage issues lifecycle
- Issue remediation and closure
Topic 2: Configuring Oracle Risk Management Cloud20%- Define organization structure and business hierarchy
- Implement risk management configurations
- Set up the application including users, roles, and security
- Configure integration with external systems
Topic 3: Reporting and Analytics10%- Create dashboards and visualizations
- Generate standard and custom reports
- Use analytics for risk insights
Topic 4: Risk Management Core Functions25%- Perform risk assessment and scoring
- Create and manage risk registers
- Define risk taxonomy and categories
- Implement risk response and treatment plans
Topic 5: Controls Management20%- Control testing and certification
- Map controls to risks
- Control deficiency management
- Design and implement control frameworks
Topic 6: Testing and Implementation Best Practices10%- Change management and user adoption
- Plan and execute implementation testing
- Data migration considerations

Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:

Question #1

Which statement related to Advanced Access Controls is true?

  • A. If helps enforce segregation of duties.
  • B. If helps perform risk analysis and evaluation.
  • C. Itdocuments risks and controls.
  • D. It analyzes transaction records.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #2

When validating imported data, the control manager at your client has identified anincorrect Risk-Control mapping; that is, Control A was mapped incorrectly to Risk B instead of Risk A.
What needs to be done to fix the mapping?

  • A. Option A
  • B. Option D
  • C. Option B
  • D. Option C
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

Which three riskassessment activity types are available in Financial Reporting Compliance? (Choose three.)

  • A. Certify
  • B. Quantitative Analysis
  • C. Audit
  • D. Assess Risk
  • E. Design Review
  • F. Qualitative Analysis
Reveal Solution  Discussion  0

Correct Answer: A,D,E  🗳️

Question #4

Which three steps can be performed by using the Configure Module Objectspages? (Choose three.)

  • A. Set "object-perspective" association.
  • B. Edit the assessment activity question and guidance text for all assessment types.
  • C. Choose display (or hide) configurable options for: results, events, consequences and treatments.
  • D. Create object data import templates.
  • E. View assessment response details for all assessment types.
Reveal Solution  Discussion  0

Correct Answer: A,C,E  🗳️

Question #5

A user has created and submitted a new control and the state of the control is "In Review." The user expected that the control state would change to "Approved." Why is the control not in the "Approved" state?

  • A. The Control Approver role has been assigned to someusers.
  • B. New controls must always be reviewed, irrespective of security configuration.
  • C. This user is not a Control Approver; therefore, the status will be "In Review."
  • D. The Control Reviewer role has been assigned to some users.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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