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PRMIA 8008 certification exam covers a wide range of topics related to risk management, including the identification and measurement of different types of risk, analysis and evaluation of risk management frameworks, and the implementation of risk management techniques. It also covers specific areas of risk management such as operational risk, credit risk, counterparty risk, market risk, ALM, and FTP. 8008 exam is designed to ensure that candidates have a thorough understanding of the principles and practices of risk management, as well as the ability to apply these principles in real-world situations. By obtaining the PRMIA 8008 certification, individuals can demonstrate their knowledge and expertise in risk management and enhance their career prospects in this field.
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One of the key areas covered by the PRMIA 8008 Exam is operational risk, which refers to the risk of loss arising from inadequate or failed internal processes, people, and systems, or from external events. 8008 exam covers topics such as risk management frameworks, risk identification and assessment, risk monitoring and reporting, and the regulatory landscape governing operational risk management.
PRMIA 8008 Exam is part of the Professional Risk Manager (PRM) certification program, which is recognized globally as a benchmark for excellence in risk management. The PRM certification program is designed to provide risk management professionals with the knowledge and skills they need to succeed in their careers. It is also a way for employers to identify and hire qualified risk management professionals.
| Section | Objectives |
|---|---|
| Funds Transfer Pricing (FTP) | - FTP Implementation and Governance - FTP Framework and Methodologies |
| Risk Management Frameworks | - Governance and Risk Culture - Enterprise Risk Management Principles |
| Asset-Liability Management (ALM) | - Interest Rate Risk in the Banking Book - Liquidity and Funding Risk Management |
| Credit Risk | - Credit Risk Analysis and Measurement - Credit Risk Mitigation and Management |
| Market Risk | - Market Risk Models and VAR - Market Risk Measurement Techniques |
| Counterparty Risk | - Pre-Settlement and Settlement Risk - Counterparty Exposure and Collateral Management |
| Operational Risk | - Operational Risk Identification and Assessment - Operational Risk Measurement and Controls |
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