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PRMIA 8008 is a certification exam that focuses on various aspects of risk management. 8008 exam covers six core areas, including risk management frameworks, operational risk, credit risk, counterparty risk, market risk, and asset and liability management (ALM) and funds transfer pricing (FTP). PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition certification is ideal for professionals who want to demonstrate their expertise in risk management and advance their careers in this field. PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition certification is globally recognized and respected, and it provides professionals with the skills and knowledge they need to succeed in today's competitive business environment.

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PRMIA 8008 Exam is one of the most comprehensive risk management certification exams in the industry. It is designed to test the knowledge and skills of risk management professionals in various areas such as operational risk, credit risk, market risk, and counterparty risk. 8008 exam also covers topics related to asset and liability management (ALM) and funds transfer pricing (FTP).

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PRMIA 8008 Exam Syllabus Topics:

SectionObjectives
Topic 1: Credit Risk- Credit risk measurement and modeling
  • 1. Probability of default (PD)
    • 2. Exposure at default (EAD)
      • 3. Loss given default (LGD)
        - Credit portfolio risk
        Topic 2: Funds Transfer Pricing (FTP)- FTP methodologies
        - Internal pricing of funds and liquidity allocation
        Topic 3: Market Risk- Market risk measurement techniques
        • 1. Value at Risk (VaR)
          • 2. Stress testing and scenario analysis
            - Interest rate, equity, FX, and commodity risk
            Topic 4: Asset-Liability Management (ALM)- Interest rate risk in the banking book (IRRBB)
            - Liquidity risk management
            Topic 5: Risk Management Frameworks- Risk measurement and reporting frameworks
            - Enterprise risk management principles
            • 1. Risk governance structure
              • 2. Risk appetite and tolerance
                • 3. Risk identification and assessment processes
                  Topic 6: Counterparty Risk- Counterparty credit exposure
                  - Derivatives credit risk considerations
                  - Netting and collateral management
                  Topic 7: Operational Risk- Operational risk types and sources
                  - Operational risk management techniques
                  • 1. Key risk indicators (KRI)
                    • 2. Loss event data collection
                      • 3. Risk and control self-assessment (RCSA)
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