A PRM Charter can improve job opportunities, professional reputation & pay. Types of Businesses that hire PRMs include: Risk Consultancy Firms, Banks, Insurance Companies, Asset Management, Hedge Funds, and Investment Banks etc.
The PRM-I exam comprises of three modules that Finance Theory, Financial Instruments and Financial Markets. The module takes you from basic understanding of Finance such as Interest rates, time value of Money, Futures and Forwards or Bonds and so on to the depth of each concept by way of Valuation, learning complex models or understanding different Financial Markets.
In the exam the all the three modules are tested in a span of two hours with a total number of 36 questions
This program is suitable for graduates of any field with interest in risk management. To make matters simple for you, we have noted down the most basic difference underlying various Risk Management Certifications. Operational Risk Manager (ORM) analyzes situations that include many quality control roles in manufacturing, transportation, shipping, food processing, mining, oil and gas, and others. The Financial Risk Manager (FRM) will find abundant opportunties in financial roles. The Professional Risk Manager (PRM) is prepared to apply risk analysis to both financial and operational risk situations. Thereby, the PRM can be considered all encompassing. So if your interest lies in being the overall risk manager and not limiting your field to either finance or operations, then PRM is meant for you.
You can have Lucrative career options in Risk Management, Trading, Structuring, Modeling, etc. PRM holders have positions such as Chief Risk Officer, Senior Risk Analyst, Head of Operational Risk, and Director, Investment Risk Management, to name a few.
After qualifying Professional Risk Manager Exam, you can add heavy duty terms in your resume like "Risk Management", "Basel-I, II, III", "Interest Rate Risk ", "Risk Metrics", “Financial Econometrics” etc, which will surely diversify your professional reach.
Globally recognized professional certification for banking and finance professionals by PRMIA (Professional Risk Managers' International Association)
Requirements for PRM Exam: A PRM holder will be validated only after the attainment of work experience and a basic education.The basic experience requirements are: 4 Years if no bachelor degree, 2 Years if bachelor degree, No experience requirements if graduate school or holder of other accepted professional Designations (CFA, CAIA, CQF, etc.).
Candidate can give the exam only within the scheduled window as per the changes introduced by PRMIA. 2014 Exam windows will be:
|Scheduling Window||Testing Window|
|January 1 - March 14||February 24 - March 14|
|March 15 - June 13||May 26 - June 13|
|June 14 - September 5||August 18 - September 5|
|September 6 - December 19||November 24 - December 19|
|14 April 2014||Test center change request deadline|
|Finance Theory: Risk & Risk Aversion, Portfolio Mathematics, CAPM & Multifactor Models, Capital Structure etc.|
|Financial Instruments: Analysis of Bonds, Futures & Forwards, Swaps, Credit Derivatives etc.|
|Financial Markets: Structure of Financial Market, Money Market, FOREX, Commodities Market etc.|
Easy to follow byte sized video tutorials of over 1200 minutes created by topic experts. Learn the concepts at your own pace.
Appreciate the concepts by working on case studies derived from real-time situations.
Test yourself after going through each topic in the material. Over 400 questions.
Take our mock tests designed to simulate the real exam. Detailed solutions
of the tests & the exam report card would be provided.
I knew beforehand what kind of questions to expect in actual PRM and how to approach the questions. I owe my success to valuable question bank provided by EduPristine.
The study material and videos are really helpful. The co-ordinator and the whole team is very supportive and flexible. Keep up the good work!
PRM Handbook Volumes I & II will undergo tactical updates and minor structural modifications. PRM Handbook Volume III – Risk Management Practices will be completely replaced by a new publication.
PRMIA commits to offer the exams based on the current syllabus at least until the end of 2015, possibly longer. Further communication will be released once the updated syllabus is made available.
In a rapidly changing world of risk management, the use of outdated textbooks ranks high among our concerns. To discontinue the use of obsolete material and encourage candidates to follow the most up-to-date information, PRMIA will start selling the PRM Exam as a bundle. Each bundle will contain 4 exam vouchers, which can be used with any of the 4 PRM Exams and a complete set of the PRM Handbook. This will ensure that our candidates are constantly educated with the most pioneering study materials available in the field and will eliminate the need to constantly change the PRM Vouchers.
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