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

  • Exam Code: 1Z0-1058-21
  • Exam Name: Oracle Risk Management Cloud 2021 Implementation Essentials
  • Updated: Oct 18, 2026
  • Q&As: 77 Questions and Answers

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About Oracle 1Z0-1058-21 Real Exam

Every candidate studies differently, so Real4Prep offers the 1Z0-1058-21 practice questions as a printable PDF, a desktop test engine, and an online test engine. All three cover the same 77 questions for the Oracle Risk Management Cloud 2021 Implementation Essentials exam.

Oracle 1Z0-1058-21 Exam Syllabus Topics:

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

                                      Everything You Want to Know About the Oracle 1Z0-1058-21 Exam

                                      The 1Z0-1058-21 exam (Oracle Risk Management Cloud 2021 Implementation Essentials) is the official Oracle exam that leads to the Oracle Risk Management Cloud certification, a credential at the Professional level. Related certifications include Oracle Financials Cloud, Oracle Risk Management Cloud Implementation Specialist. Real4Prep provides 77 practice questions to help you prepare for it with confidence.

                                      The 1Z0-1058-21 exam contains 50-60 questions and gives you 90 minutes to finish them. Before exam day, divide the total time by the question count so you know the pace you need to keep, and flag difficult items instead of getting stuck on them. Running at least one full timed session in the Real4Prep test engine is the best way to make that time pressure feel familiar.

                                      You need 68% to pass, and the official registration fee is 245 USD. Keep in mind that a failed attempt means paying that fee in full again, so it pays to test yourself first. When your scores on the Real4Prep timed practice tests stay consistently above the passing line, you are ready to book the exam.

                                      Recommended knowledge of Oracle Cloud Financials and enterprise risk management concepts Requirements can change over time, so always double-check the latest eligibility rules before you register on the official Oracle exam page.

                                      You can book your exam through the official registration channels:

                                      The exam is delivered in the following way: Online proctored via Pearson VUE or Oracle testing platform.

                                      Oracle recommends the following training options for this exam:

                                      Official courses build the foundation, and the 1Z0-1058-21 practice questions from Real4Prep help you turn that knowledge into exam-day performance.

                                      Yes. Real4Prep offers a free 1Z0-1058-21 PDF demo so you can check the quality of the practice questions before purchasing. After you buy, your product comes with 365 days of free updates, and if it expires you can renew the update service at a 50% discount from your member zone.

                                      Your purchase is protected by our 100% Money Back Guarantee. If you take the corresponding 1Z0-1058-21 exam within 60 days of purchase and do not pass, send us a scan of your enrollment slip and the official Score Report PDF within two days of the exam, and the full refund will be processed within seven days. The candidate name must match the payer name; exams taken within three days of purchase, free materials, and expired orders are not eligible. If you would rather not refund, you can exchange your product for two free products of equal value and keep the update service on your original purchase. Delivery itself is instant: your material is available for download and is emailed to you within one minute of payment. If nothing arrives within two hours, contact our support team. There is no limit on how many computers you may install it on.

                                      The 1Z0-1058-21 syllabus is organized into 6 exam domains. Among the first three are Risk and Compliance Management, Advanced Controls, Implementation and Testing. For the complete breakdown of topics and subtopics, see the Exam Topics section above.

                                      Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:

                                      Question #1

                                      You have defined an initial Perspective Hierarchy for your client in the Advanced Controls module. After refining their business requirements, your client wants to expand the existing hierarchy to include 150 perspective items in various levels. For efficient processing, you decide to use the GRC data migration feature to import the new items.
                                      Which three are valid processing steps required to define the export file? (Choose three.)

                                      • A. Generate Template as Without Data.
                                      • B. Generate Template as Without Data - Perspectives Only.
                                      • C. Clickthe Create Import Template button.
                                      • D. Navigate to Risk Management Tools > Setup and Administration > Data Migration, and select Advanced Controls.
                                      • E. Navigate to Manage Module Perspectives.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A,D,E  🗳️

                                      Question #2

                                      During an assessment, an issue was created. Your job as the Issue Manager is to review the issues and validate them. If it is determined that they are not valid issues, you need to close them. You have found an issue that is not validand with Status: Open and State: Reported.
                                      Identify the correct step to close this issue.

                                      • A. The assessment associated to the issue must be completed before closing the issue.Only then can you close the issue.
                                      • B. On the Manage Issues page, highlight the issue and click the Close button.
                                      • C. After you have completed the remediation plan, click the Close button on the Remediation Plan page.
                                      • D. Ensure that the issue status is In Edit, and then from the Actions menu, select Close Issue.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A  🗳️

                                      Question #3

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

                                      Correct Answer: A,C  🗳️

                                      Question #4

                                      Your customer has a requirement to define an IT Compliance Manager job role with privileges to manage risks and controls, and the issues related to the risks and controls.
                                      What are the duty roles that must be included in this job role to achieve this requirement?

                                      • A. Seeded Issue Manager Composite
                                      • B. Seeded Issue Manager Composite and Issue Validator Composite
                                      • C. Seeded Risk Manager Composite, Control Manager Composite, and Issue Manager Composite
                                      • D. Seeded Risk Issue Manager and Control Issue Manager
                                      Reveal Solution  Discussion  0

                                      Correct Answer: C  🗳️

                                      Question #5

                                      You completed the data migration successfully. You created 100 controls, an Organization Perspective, and relationship of controls to the Organization Perspective. All controls are related to one perspective item. The Control Manager logs in to the application to view the new controls, yet there are none available for his or her review.
                                      Identify three reasons for this. (Choose three.)

                                      • A. The Perspective Hierarchy was not associated to the Control Object.
                                      • B. The Perspective Hierarchy is not in the Approved state.
                                      • C. No risks were mappedto the imported controls.
                                      • D. The Control Manager was not given the correct data security policy to access the controls.
                                      • E. There was no Control Type associated with the controls.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: C,D,E  🗳️

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