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PRM Details

PRM Details

PRM Details:- A professional designation awarded by the Professional Risk Managers’ International Association to financial risk managers who pass four exams of one to two hours each.

prm-details

prm-details

The four exams cover financial theory, financial instruments and markets, mathematical foundations of risk measurement, risk management practices and case studies, best practices, conduct, ethics and bylaws. Successful applicants earn the right to use the PRM designation with their names, which can improve job opportunities, professional reputation and pay.

The study program to become a PRM covers the financial theory behind risk management, risk measurement, option theory, financial instruments, trading markets, best practices and historical risk-management failures. Individuals with the PRM designation may work as enterprise risk managers, operational risk analysts, credit risk managers, risk advisory consultants and more. Types of businesses that hire PRMs include insurance companies, asset managers, hedge funds, consulting firms and investment banks.

PRM Details

You could wonder is PRM really worth the efforts, time and money. And surely you must have a good thought over this to do a quick comparison between what you invest and finally get in return after the completion of the program. Below I have listed down the main reasons why you should pursue PRM –

  • PRM is the most recognized certification course globally for the financial risk managers.
  • PRM program is useful in Portfolio Credit Risk Analyst, Enterprise Risk Managers, Risk Advisory Consultants, Operational Risk Analyst, Credit Risk Managers etc.
  • Employers considers PRM Designated individual’s expert in risk management because the skills of PRM holder is robust and vital to their business.
  • The lucrative working positions for PRM holders includes Chief Risk Officer, Senior Risk Analyst, Head of Operational Risk and Director.

PRM Details

You can appear any time of the year for PRM exam. PRM Exams are offered at fixed intervals throughout the year.

Scheduling WindowTesting Window
January 1 – March 14February 23 – March 14
March 15 – June 13May 25 – June 13
June 14 – September 5August 17 – September 5
September 6 – December 19November 23 – December 19

Scheduling Window

This is a time frame in which you can contact Pearson VUE and fix the date when you will be sitting for your exam.

Testing Window

It is days in which you can sit for your exam.

PRM Details

To get a PRM Designation, you must pass all four exams. Either you can complete all exams in one day or in four separate modules, which can be taken in any order over a period of up to two years. You need to score a minimum of 60% correct answers to pass for each exam. You can retake any failed exam, but must wait 60 days from the date of the failed exam.

Eligibility

  • You must hold a membership in PRMIA.
  • You should meet minimum experience requirements, which include:
  • 4 Years if no bachelor degree
  • 2 Years if bachelor degree
  • No experience requirements if graduate school (i.e. MBA, MSF, MQF, etc.) or holder of other accepted professional designations (CFA exam, CAIA, CQF, etc.)

The exams conducted by PRMIA is computer-based consisting of multiple-choice questions which are drawn randomly from the exam database according to the syllabus order and weightings. It helps PRMIA to examine the accurate details of questions by administering and evaluating the time taken by candidates to answer each question.

PRM Details

Following table showcases the details of PRM exams:

ExamExam NameNo. of QuestionsTime Allowed
IFinance Theory, Financial Instruments and Markets362 hours
IIMathematical Foundations of Risk Measurement242 hours
IIIRisk Management Practices603 hours
IVCase Studies, PRMIA Standards of Best Practice, Conduct and Ethics, Bylaws241 hour

PRM Details

prm-details

prm-details

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