PRM e-Coach Program

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The Professional Risk Manager (PRM) designation is a premier certification program for risk management professionals worldwide. Accredited by the Professional Risk Managers’ International Association (PRMIA), the PRM standard is recognized globally as the benchmark for risk professionals to measure their knowledge and experience. PRM certified risk professionals provides a badge of assurance for firms looking to hire risk professionals that have been tested and trained in all areas of risk management, besides the requisite practical skill set and common sense that professional risk managers must bring to the table.

One of the main lessons that the current economic and financial crisis really taught us is that the role of risk management within financial institutions should be rethought. The natural reaction of the industry, battered by unforeseen extreme losses, is either to downplay the role of risk management or, in the opposite, to exacerbate the same errors made pre-crisis. What we need right now is to develop a proper risk governance that allows risk management to participate in strategic decisions. This is a crucial moment in risk management, and we can only succeed by increasing risk management education within the firms not just to risk managers but to a much wider and senior audience – Marcelo Cruz, New York University Professor, Senior Advisor to Boards and Executives of Financial Institutions

Participants to the PRM certification program are required to pass 4 exams:

• Exam I: Finance Theory, Financial Instruments and Markets (120 minutes)
• Exam II: Mathematical Foundations of Risk Measurement (120 minutes)
• Exam III: Risk Management Practices (90 minutes)
• Exam IV: Case Studies, PRMIA Standards of Best Practice, Conduct and Ethics,
• Bylaws (60 minutes)

The PRM program recognizes other professional designations and gives partial credit towards completion of the requirements for the PRM certification. “Cross-over” candidates need only to pass the following exams to receive the PRM:

• CFA Charter Holders: Exams III and IV
• CIIA, CEFA Charter Holders: Exams III and IV
• CQF Holders: Exams III and IV
• Actuarial Fellows: Exams III and IV
• Actuarial Associates: Exams I, III and IV
• CSI Financial Risk Management Graduates: Exams II, III and IV
• CAIA Financial Risk Management Graduates: Exams II,III and IV

The Finance 3.0 Professional Risk Manager (PRM) program contains a library of 68 courses developed according to PRMIA’s PRM program syllabus, and designed to help you prepare for the challenging PRM exam. A step-by-step walk through of the ins and outs of all relevant PRM topics are covered in depth and quality, as well as several time based mock exams turbo-charged with an instant grading and feedback loop, to ensure that you build a comprehensive and detailed knowledge foundation to pass the PRM exam.

The 68 courses covered in the Finance 3.0 PRM program are:

FINANCIAL THEORY, FINANCIAL INSTRUMENTS & MARKETS

• Risk and Risk Aversion
• Portfolio Mathematics
• Capital Allocation
• The CAPM and Multifactor Models
• Basics of Capital Structure
• The Term Structure of Interest Rates
• Valuing Futures and Forwards
• Principles of Option pricing
• Bonds
• Bond Analysis
• Floating Rate Notes
• Futures and Forwards
• Swaps
• Options
• Credit Derivatives
• Caps, Floors, Swaptions
• Capital Markets
• Money Market
• Bond Markets
• FX Market
• Stock Markets
• Futures Market
• Commodities Markets
• Power Markets

MATHEMATICAL FOUNDATIONS OF RISK MEASUREMENT

• Foundations
• Descriptive Statistics
• Calculus
• Linear Mathematics and Matrix Algebra
• Probability Theory
• Statistics
• Regression
• Numerical Methods

RISK MANAGEMENT PRACTICES

• Value-at-Risk
• Monte Carlo and Historical calculation of VaR
• Advanced Value at Risk Models
• Stress Testing
• RAROC economic capital allocation
• Overview of Credit Risk
• Credit Exposure
• Settlement risk and netting systems
• Rating agencies and their grades
• Marginal and cumulative default risk
• Transition matrix and correlated migrations
• Recovery rate distributions
• Portfolio Models and Credit Loss
• Merton and KMV models
• Credit Risk-RAROC Economic Capital Allocation
• Regulatory Credit Capital-Basel II
• Securitization Framework-Basel II
• Operational Risk
• Basel II-Operational Risk

CASE STUDIES, PRMIA STANDARDS OF BEST PRACTICE

• Barings
• Metallgesellschaft
• LTCM
• World Com
• Credit Lyonnais
• Bankers Trust
• Daiwa Bank
• Continental Illinois
• Orange County
• US Savings & Loan Crisis
• Bankgesellscaft Berlin
• California Power Crisis
• Riggs Bank
• National Australia Bank
• Group of 30 Study
• PRMIA Standards of Best Practice, Conduct and Ethics
• PRMIA Bylaws

Enrollment into the Finance 3.0 FRM program also provides you with access to a comprehensive collection of reference materials, study guides and mock exams to help you immediately take you have learnt and put it into practice.

Exam I – $110 – 12 Month Program – Enroll Now

Exam II – $110 – 12 Month Program – Enroll Now

Exam III – $110 – 12 Month Program – Enroll Now

Exam IV – $110 – 12 Month Program – Enroll Now