Why should I go for

PRM(Professional Risk Manager)?

-by edu CBA

Do you have confusion regarding PRM?

PRM Stands for Professional

Risk Manager

You can go for PRM if: • You have interest in performing quantitative analysis

and risk measuring.

• You want to build on quantitative skills on financial modeling.

• You are seeking for professional certification

• You are looking to communicate your knowledge and understanding of risk management at a higher level to external and internal parties

• You want to be a predictive analyst.

What are the benefits of PRM course???

• Career – With this certification your career will get good boost in the field of risk management, trading, structuring and modeling

• Global – It is held in over 160 countries at nearly 5,000 testing centers, the PRM has a true international benchmark.

• Flexible – Candidates can take exams four times in a year.

• Affordable - Fees are affordable in nature and as per economical background discounts are offered.

• Recognition – Partial credit is provided to other designation holders like CFA, FSA, ASA’s.

• No Maintenance Fees – No annual fee for maintaining the designation.

• PRM has gained respect in the financial world. It is considered

to be one of the most challenging certification program

available for financial risk managers.

• It is also publicly endorsed by leading universities and

businesses.

• PRM is an indication of your commitment in risk.

• PRM holders have the backing of PRMIA.

• With PRM qualification you can get a shot at a first interview

even if you don’t have any or much risk background.

Market Value

Are their any prerequisites and experience requirements

for taking exams?

The only requisite for taking PRM exam is membership in PRMIA. Minimum experience requirements:

•4 Years if you don’t possess bachelor degree. •2 Years if you possess bachelor degree. •No experience requirements if graduate school or holder of other accepted professional Designations (CFA, CAIA, CQF, etc.).

When can I go for PRM exam?

• Earlier it used to be on-demand exam taking but from January 2014, Exams are offered at fixed intervals throughout the year.

• There is no fixed order of exams; you can either take all four exams on same day or on different days/months.

• They can be taken in any order over a period of up to two years.

Exams and Syllabus

Exam Exam Name No. of Questions

Time Allowed

I Finance Theory, Financial

Instruments and Markets

36 2 hours

II

Mathematical Foundations of Risk

Measurement

24 2 hours

III Risk Management Practices 36 1.5 hours

IV

Case Studies, PRMIA Standards of Best Practice, Conduct and Ethics, Bylaws

24

1 hour

Complete PRM Exam 120 6.5 hours

• After done with PRM certification, you can look for career opportunities in areas of Risk Management, Trading, Structuring, Modeling, etc.

• The lucrative working positions include:

– Chief Risk Officer

– Senior Risk Analyst

– Head of Operational Risk, and Director

– Investment Risk Management

• With this certification, you can broaden your search with the terms like Financial Econometrics, Basel norms (I,II,III) etc.

• Also PRMIA provides a platform for their charter holders to help them avail some of the best job opportunities currently open in the market.

How having the PRM designation affects one’s job prospects?

Roles performed by PRM

Risk management is identifying the type of risk and taking appropriate measures for it. The risks faced by the firm can be credit risk, market risk, operational risk, liquidity risk. Generally observed areas where risks exist:

• Defaults on loans • Losses on inventories from other parties • Losses on securities investments

Risk managing personnel is expected to employ various financial instruments and contracts to control risks which include:

• Credit Assessment • Futures Contracts • Options Contracts • Forwards Contracts • Swaps etc.

Pay scales

Salary figures can vary based on factors such as organization policies, industry, geographical location, experience level etc.

Risk managers earn an average salary of $90000 per annum. The observed salary ranges may vary from

USD 58 K to USD 160 K.

We hope that you must have got so many

reasons for “Why should you go for PRM?”

All The Best!!!

Knowledge is like a line with no ends…

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