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Oracle 1Z0-1058-21 : Oracle Risk Management Cloud 2021 Implementation Essentials

1Z0-1058-21

Exam Code: 1Z0-1058-21

Exam Name: Oracle Risk Management Cloud 2021 Implementation Essentials

Updated: Oct 18, 2026

Q & A: 77 Questions and Answers

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Oracle 1Z0-1058-21 Exam Syllabus Topics:

SectionObjectives
Risk and Compliance Management- Risk Assessment
  • 1. Control effectiveness evaluation
    • 2. Risk identification and scoring
      - Compliance Monitoring
      • 1. Audit and reporting processes
        • 2. Compliance frameworks
          Implementation and Testing- Deployment Lifecycle
          • 1. Testing and validation strategies
            • 2. Implementation methodology
              Configuration and Setup- Data Model Configuration
              • 1. Business objects and data sources
                • 2. Configuration of risk models
                  - System Configuration
                  • 1. Security roles and access configuration
                    • 2. Setup of Risk Management Cloud applications
                      Oracle Risk Management Cloud Overview- Risk Management Framework Concepts
                      • 1. Governance, Risk, and Compliance (GRC) fundamentals
                        • 2. Risk lifecycle and assessment concepts
                          Advanced Controls- Control Design and Execution
                          • 1. Advanced control definitions
                            • 2. Control testing and monitoring
                              - Transaction Controls
                              • 1. Preventive and detective controls
                                • 2. Rule-based control configuration
                                  Reporting and Analytics- Risk Reporting
                                  • 1. Standard reporting tools
                                    • 2. Dashboards and analytics

                                      Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:

                                      Question #1
                                      Which controls can user A manage for the following Control Manager role Configuration? See details of perspective trees and control-perspective association below.

                                      A. Controls 2 and 4
                                      B. Controls 1 and 2
                                      C. None
                                      D. Controls 1, 2, and 4
                                      E. Allcontrols


                                      Question #2
                                      Which two would need to happen in order for Advanced Access Controls (AAC) to automatically assign a status of "Closed" to an access incident? (Choose two.)

                                      A. A user sets the Status of the incident to "Resolved".
                                      B. The incident is resolved using simulation in AAC and a subsequent evaluation of controls finds that the incident no longer exists.
                                      C. A global condition was added that resolves the conflict and a subsequent evaluation of controls finds that the incident no longer exists.
                                      D. The incident is resolved in Fusion Cloud and a subsequent evaluation of controls finds that the incident no longer exists.
                                      E. A usersets the State of the incident to "Remediate".


                                      Question #3
                                      You need to schedule the report "Access Violations by User." Which two steps do you take to create thesaved parameters for the report schedule? (Choose two.)

                                      A. Navigate to Administration Reports.
                                      B. Navigate to Scheduling under Setup and Administration.
                                      C. Highlight the report name and click Run Now.
                                      D. Select Display Scheduled Reports.
                                      E. Click Save Report Parameters to create savedsettings.


                                      Question #4
                                      Select three fields that are required to createan impromptu assessment. (Choose three.)

                                      A. Name
                                      B. Due Date
                                      C. Perspectives
                                      D. Template
                                      E. Activity
                                      F. Reviewer


                                      Question #5
                                      Your client needs to perform Design Review and Certification assessment for all their controls. Identify two options that show how this requirement can be met. (Choose two.)

                                      A. Option A
                                      B. Option D
                                      C. Option B
                                      D. Option E
                                      E. Option C


                                      Solutions:

                                      Question #1
                                      Correct Answer: B
                                      Question #2
                                      Correct Answer: D,E
                                      Question #3
                                      Correct Answer: C,E
                                      Question #4
                                      Correct Answer: A,B,D
                                      Question #5
                                      Correct Answer: A,B

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