About this exam
CAMS-RM is the Acams exam Advanced CAMS Risk Management.
Practice material is available as a PDF, an interactive practice test or a bundle of both.
- Exam code
- CAMS-RM
- Vendor
- Acams
- Practice questions
- 60
- Questions with an explanation
- 58 of 60
- Free sample questions
- 5
- Question bank last updated
- 28 Sep 2026
Try 2 sample questions
Taken from the free sample set for CAMS-RM.
Question 1
What does “Basel Core Principles for Effective Banking Supervision (bcbs230)” state?
- AOption A:
Supervisors shall perform regular and independent validation and testing of the models
- BOption B:
Banks' boards and senior management understand the limitations and certainties relating to the
input of the models and the risk inherent to other banks.
- COption C:
The supervisor complies with standards on their use.
- DOption D:
The supervisor assesses whether the model outputs appear reasonable as a reflection of the risks
assumed.
Show answer and explanation
Correct answer: D
“Basel Core Principles for Effective Banking Supervision (bcbs230) state that “Where banks use models to
measure components of risk, the supervisor determines that: banks comply with supervisory standards
on their use, banks’ boards and senior management understand the limitations and uncertainties relating
to the output of the models and the risk inherent in their use, they shall perform regular and independent
validation and testing of the models and that the supervisor assesses whether the model outputs appear
reasonable as a reflection of the risks assumed.”
Question 2
There are assigned people to whom periodic reports are provided about the status of model risk
management, who are these people specifically?
- AOption A:
Risk management committee, the board of directors, senior management and the audit
committee
- BOption B:
Risk management committee, the board of directors, senior management and administrators
- COption C:
Risk management committee, the CEO, CCO, and senior management
- DOption D:
Risk management committee and audit committee
Show answer and explanation
Correct answer: A
The status of model risk management is provided to the risk management committee, the board of
directors, senior management and the audit committee.
See all 5 free sample questions