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: Aug 08, 2026     Q & A: 77 Questions and Answers

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Oracle 1Z0-1058-21 Exam Syllabus Topics:

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

Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:

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

A) Functional Security Policy
B) Abstract Role
C) Data Security Policy
D) Job Role


2. After generating an XML file export of Advanced Controlsperspectives, you receive a message that the export job has been generated.
What are the three steps you need to perform in order to download and review the formatted export file?
(Choose three.)

A) Click the Export File button.
B) Click the Item Results link.
C) Open with an HTML editor.
D) Navigate to Monitor Jobs and click the message link for the export job.
E) Open with an XML editor, such as Excel.


3. Which three statements are true about the purpose of perspectives? (Choose three.)

A) Perspectives enable functional security in Financial Reporting Compliance.
B) Perspectives are used to enable data security on Financial Reporting Compliance objects.
C) Perspectives can be used for categorizing Financial Reporting Compliance objects.
D) Perspectives can be used to define user privileges.
E) Perspectives can be used to represent regional hierarchies.


4. You areimplementing Advanced Access Controls for a client. You need to create a model that returns users who have been assigned a specified access point but excludes a specific operating unit.
Which business object(s) do you need to add to your model to accomplish this objective?

A) Access Entitlement
B) Access Point and Fusion Access Condition
C) Fusion Access Condition
D) Access Point and User Business Object
E) Access Point


5. 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) Create object data import templates.
D) View assessment response details for all assessment types.
E) Choose display (or hide) configurable options for: results, events, consequences and treatments.


Solutions:

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

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