Prm Guide

P R M C A N D I D AT E G U I D E B O O K

C E R T I F Y I N G O N LY T H E B E S T I N T H E R I S K P R O F E S S I O N

www.PRMIA.org

UPDATED-MAY 2011

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CONTENTS

3 4 6 7 8 EXECUTIVE SUMMARY PROGRAM DESIGN PROGRAM DATES AND LOCATIONS FEES AND REGISTRATION TAKING THE PRM EXAM

10 PRM SYLLABUS 13 PREPARING FOR THE PRM EXAM 15 FREQUENTLY ASKED QUESTIONS

www.PRMIA.org

2

GUIDE TO THE PROFESSIONAL RISK MANAGER EXAM

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EXECUTIVE SUMMARY

The PRM program is a series of evaluation exams, designed for the development of professional risk managers. Endorsed by leading university programs and industry firms, it is the global standard for risk management professionals. Built by a broad coalition of industry leaders to reflect the mission objectives of the association and to establish the leading form of education, validation and certification in the Risk Management profession, the PRM counts candidates from over 95 countries, more than any other risk certification program, anywhere. The learning objectives for the PRM designation are to demonstrate knowledge and understanding of:

I I I I I I I I

the classic finance theory underpinning risk management the foundations of risk measurement the foundation of option theory financial instruments and their associated risks and uses the daily form and function of trading markets risk management best practices lessons learned from failed systems and practices and major risk events best practices of governance, conduct and ethics

PRM EXAMS

To meet with the needs of busy professionals, the program provides for great flexibility, offering one six-and-one-half-hour sitting for those wishing to complete evaluation in one day, or four separate exams, varying in length from one to two hours, which can be taken in any order over a period of...