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

1Z0-1058-21 Exam Questions
  • Exam Code: 1Z0-1058-21
  • Exam Name: Oracle Risk Management Cloud 2021 Implementation Essentials
  • Updated: Sep 15, 2026
  • Q & A: 77 Questions and Answers
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Oracle 1Z0-1058-21 Exam Syllabus Topics:

SectionWeightObjectives
Assessment & Result Management15%- Create assessment templates and plans
- Run planned and ad-hoc assessments
- Analyze and manage results
Implementation Overview & Best Practices10%- Gather implementation requirements
- Data migration and change management
- Plan and execute testing
Advanced Controls & Transaction Models20%- Simulation and remediation
- Build and configure transaction models
- Advanced access controls setup
Security & Workflow Configuration15%- Set up review and approval workflows
- Manage security policies and access
- Troubleshoot common issues
Risk & Controls Management20%- Deficiency and issue management
- Control testing and certification
- Define risks, controls, and frameworks
Financial Reporting Compliance Configuration20%- Import/export risk and control data
- Configure pod and security roles
- Manage perspectives and lookups

Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:

Question #1

Your client has subscribed to Financial Reporting Compliance and would like to address risks using treatment plans.
Which option shows the settings that will help in achieving this configuration?

  • A. Configure Module Objects > Edit Control Object Configuration > Result = Show
  • B. Configure Module Perspectives > Edit Financial Reporting Compliance > Risk-Organization mapping set to required, active.
  • C. Configure Module Objects > Edit Risk Object Configuration > Result = Show
  • D. Configure Module Objects > Edit Risk Object Configuration > Treatment = Show
  • E. Configure Module Objects > Edit Risk Object Configuration > Treatment = Hide and Default
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #2

You are remediating access incidents inAdvanced Access Controls (AAC), and have just completed the remediation of a segregation of duties conflict for users in Fusion Security by removing the conflicting access from the users.
What status do you set for the incident in AAC?

  • A. Authorized
  • B. Remediation
  • C. Accepted
  • D. Resolved
  • E. Remedy
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #3

Which three objects can be related to issues when creating an issue on the Manage Issues page? (Choose three.)

  • A. Perspectives
  • B. Controls
  • C. Processes
  • D. Test Plans
  • E. Risks
  • F. Assessments
Reveal Solution  Discussion  0

Correct Answer: B,C,E  🗳️

Question #4

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

Correct Answer: B,D  🗳️

Question #5

Which two options can be assigned to a duty role? (Choose two.)

  • A. Abstract Role
  • B. Functional Security Policy
  • C. Data Security Policy
  • D. Job Role
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

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