PRM Preparation

As PRMIA site puts it, the Professional Risk Manager (PRM™) designation is an independent validation of skills and commitment to the highest standard of professionalism, integrity, and best practices within the risk management profession. Our company offers two types of courses for those preparing for the PRM exams: common for several designations – "Boot Camps" (Quantitative and Finance) and specialized (exams III and IV).
Boot Camps are not designed for the faint-hearted. Instead, we purposefully created them to be as intensive as possible – such as to boost your understanding of the area. Our instructors will specifically concentrate on most difficult areas, squeezing as much knowledge as possible into your memory.
Two specialized programs – Exam III and IV are intended to help you pass - the very first time, before curriculum changes. If you choose to take Exam III preparation course, you will spend 8 days studying modern Risk Management Practices under the guidance of our instructors, all of whom are certified holders of PRM designation. Those taking Exam IV course will enjoy 4 days of instruction given by certified Professional Risk Managers and Financial Risk Managers.

Candidates are required to pass four exams to achieve the PRM Designation:
EXAM I: Finance Theory, Financial Instruments and Markets
EXAM II: Mathematical Foundations of Risk Measurement
EXAM III: Risk Management Practices
EXAM IV: Case Studies, PRMIA Standards of Best Practice, Conduct and Ethics, Bylaws

Useful exemptions table:

Here is the brief plan for preparation sessions since April 2011:

I. MARKET RISK MANAGEMENT.
1.1. VAR Models:
1.1.1. Analytical (Delta-Normal) VAR.
1.1.2. Monte Carlo Simulation VAR.
1.1.3. Historical VAR.
1.2. Mapping Positions to Risk Factors and Backtesting VAR Models.
1.3. Advanced VAR Models.
1.4. Stress Testing.

II. CREDIT RISK MANAGEMENT.
2.1. Foundation of Credit Risk Modelling:
2.1.1. PD.
2.1.2. EAD.
2.1.3. LGD.
2.2. Default and Credit Migration.
2.3. Portfolio Models of Credit Loss:
2.3.1. Credit Metrics.
2.3.2. Credit Portfolio View.
2.3.3. KMV Model.
2.3.4. Credit Risk+.
2.4. Credit Risk Capital Calculation.

III. OPERATIONAL RISK MANAGEMENT.
3.1. Operational Risk Management Framework.
3.2. Operational Risk Process Models.
3.3. Operational VAR Models.

IV. CAPITAL ALLOCATION and RAPM.

The courses will start on 16 April, 2011; all 6 will be delivered by mid-May by weekend sessions. The fee for the series is 32,000 RUR.

To apply, please, fill in the Registration form.

• PRM

• Русский