Associate Professional Risk Manager Exam

Associate Professional Risk Manager Exam - Online

The Associate Professional Risk Manager is a new PRMIA certificate program intended for risk management support staff and professionals working in related fields such as auditing, accounting, legal and systems development who want to understand fundamental risk management methods and practices. Designed to be mathematically and theoretically less detailed than the Professional Risk Manager (PRM™) certification, the new program will cover the essential concepts allowing non-specialists to interpret risk management information and reports, make critical assessments and evaluate the implications and the limitations of such results. Easy to obtain study materials and widely available exam options will provide candidates with optimum flexibility to fit the preparation and testing process into their individual work schedules.

This program is certified by The Professional Risk Managers' International Association (PRMIA).

The Difference Between the PRM Designation and the Associate PRM Certificate: The PRM Designation is achieved by passing a series of four exams to be successfully completed within a two year time frame. This is PRMIA's most academically advanced program and designed to cater for all the needs of a Chief Risk Officer. Successful candidates are entitled to use the PRM title.

Available Today	Online	USD$350
		Instructional Method: Self-Study
Instructor(s): [ NYIF Instructor; ]		Level: Intermediate

The Associate PRM is an innovative PRMIA certificate program intended for staff entering the risk management profession, those who wish to broaden their skills, or those who interface with risk management disciplines on a regular basis such as auditing, accounting, legal, and systems development personnel who should understand fundamental risk management methods and practices.

Students will be able to:

Understand corporate governance, compliance and risk management
Be able to implement integrated risk management
Know how to measure, manage and hedge market, credit (retail and corporate) and operational risk
Define the roles of board members and senior management in managing risk.

Overview of Risk Management Understand a common definition of financial risk Understand the general role that a risk manager plays in a company, financial or non-financial Understand some of the basic language used by financial risk managers Duration: 1 hour	A Primer in Corporate Risk Management Understand that a balance between risk and reward is a choice that can be managed Understand some basic steps towards implementing a financial risk management program Understand the concept of hedge accounting Duration: 1 hour

A Non-Quantitative Guide to Theory of Risk and Return Understand the concept of diversification Understand the concept of the efficient frontier Understand the basic concept of a call option’s value Understand the concept of risk-adjusted returns Duration: 1 hour	The Role of Governance in Risk Management Understand the concept and importance of Governance Understand the role of the Board of Directors Understand a typical financial risk management structure Understand basic risk management policies Understand the importance and meaning of an Escalation Policy Understand the role that external parties play in governance (external audit, regulators, “the market”) Duration: 1 hour

The PRMIA Standards of Best Practice, Conduct and Ethics Know the PRMIA Standards of Best Practice, Conduct and Ethics for Professional Risk Managers Understand the Positive Role that risk management plays in the business process Understand the basic operations of the PRMIA organization and practices Duration: 1 hour	The PRMIA Bylaws Duration: 1 hour

The PRMIA Governance Principles Know the seven core PRMIA Governance Principles Understand how the PRMIA Governance Principles Apply to the Board Understand how the PRMIA Governance Principles Apply to the Finance and Accounting Function Understand how the PRMIA Governance Principles Apply to the Risk Management department Duration: 1 hour	Introduction to Financial Markets - I Understand the types of instruments in the Money Markets Understand the basic characteristics of Bond Markets Understand the basic characteristics of Stock Markets Understand the basic characteristics of Foreign Exchange Markets Duration: 1 hour

Introduction to Financial Markets - II Understand the basic characteristics of Futures Markets Understand the basic characteristics of OTC Markets Understand the basic characteristics of Commodities Markets Understand the basic characteristics of Energy Markets Duration: 1 hour	Interest Rate Risk Analysis Understand the definition of interest rate risk Understand how changes in yields affect bond prices Understand how changes in the shape of the yield curve affect bond prices Understand the concepts of duration and convexity Understand the calculation of risk in a single security versus a portfolio of securities Duration: 1 hour

Hedging Interest Rate Risk Understand the basic principles of a swap Understand the basic principles of Puts and Calls Understand the basic concept of Caps and Floors Understand the basic concepts of Swaptions, Exotics and Financial Engineering Duration: 1 hour	Overview of Market Risk Management Understand the concept of notional amounts of exposure Identify and define “The Greeks” as measures of market risk Duration: 1 hour

Value at Risk Understand the basic concepts behind Value at Risk Understand the use of Value at Risk in setting Risk Limits Understand different approaches to determining Value at Risk measures Understand situations in which these approaches work or don’t work Duration: 1 hour	Stress Testing, Scenarios & Other Market Risk Measures Understand the concepts of Stress Testing and Extreme Events Understand the process of Scenario Planning Duration: 1 hour

Asset Liability Management Understand the definition and implications of Liquidity Risk Understand the role of the ALCO Understand the concept of funding gaps Understand the concept and implications of duration gaps Understand some measures of liquidity risk Understand the concept of funds transfer pricing Duration: 1 hour	Retail Credit Risk Management Understand the role that a Credit Officer plays Understand the unique concerns of retail credit risk Understand the concept of Credit Scores Understand the concepts of Default, Default Rates and Loss Rates Understand the factors involved in determining the Value of a Customer Understand how securitization can transfer risk Understand the concept of pricing risk Duration: 1 hour

Commercial Credit Risk Management Understand the role that Rating Agencies play in measuring credit risk Understand the role that Rating Agencies play in measuring credit risk Understand the implied impact of migration in credit ratings Understand internal rating scores and methods Understand basic financial measures in a loan risk assessment Understand the concept of Loss Given Default Understand common types of Counterparty Credit Risk Duration: 1 hour	Securitization Understand how securitization can transfer risk Understand the concept of pricing risk Duration: 1 hour

Credit Modeling Understand the use and importance of Credit Models Understand the calculation of risk in a single credit versus a portfolio of credits Understand the concepts behind Credit VaR Understand the concepts behind CreditMetrics models Understand the concepts behind MKMV models Understand the concepts behind actuarial and reduced-form models Duration: 1 hour	Credit Derivatives Understand the basic types of credit derivatives Duration: 1 hour

Operational Risk Management Understand what constitutes an operational loss and how might we quantify it Understand how operational events are linked to other risk types, such as market, credit, liquidity or reputation risk Understand the concept of a key risk indicator Understand the concept of a key risk driver Understand how to differentiate a key risk indicator from a key risk driver Understand a basic Operational Risk Framework Understand an approach to implementation of an Operational Risk framework Understand how to implement a simple scenario-based process for assessing and quantifying operational risks Understand how to assess risks relating to new business processes, products or change management initiatives Understand the concept of mitigation and examples of mitigation techniques Understand the role of insurance in Operational Risk transfer Duration: 1 hour	Performance Measures Understand the concept and definition of risk capital Understand core uses of risk capital Be able to compare and contrast risk capital and regulatory capital Understand the definition of RAROC Understand some uses of RAROC in business decision making Duration: 1 hour

Case Study: Metallgesellschaft Understand the lessons of the Metallgesellschaft Case Study Duration: 1 hour	Case Study: Orange County Understand the governance lessons from Orange County Duration: 1 hour

Case Study: Riggs Bank Understand the governance lessons from Riggs Bank Duration: 1 hour	Group of Thirty Derivatives Best Practices Understand the core principles behind the Group of Thirty Recommendations on Derivatives Use Duration: 1 hour

Case Study: LTCM Understand the Market Risk lessons from the LTCM Case Study Duration: 1 hour	Case Study: Continental / Penn Square Understand the ALM lessons from the Continental / Penn Square Case Study Duration: 1 hour

Case Study: Bankgesellschaft Berlin Understand the retail credit risk lessons from Bankgesellschaft Berlin Duration: 1 hour	Case Study: Credit Lyonnais Understand the lessons in Credit Risk from the Credit Lyonnais Case Study duration: 1 hour

Case Study: Barings Understand the Operational Risk lessons from the Barings Case Study Duration: 1 hour	Case Study: NAB F/X Options Understand the Operational Risk lessons from the NAB F/X Options Case Study Duration: 1 hour

Case Study: World Com Understand the Governance lessons from the WorldCom Case Study Duration: 1 hour	Case Study: Bankers' Trust Understand the Governance lessons from the Banker’s Trust Case Study Duration: 1 hour

Case Study: Daiwa Understand the Governance lessons from the Daiwa Case Study Duration: 1 hour Powered by KESDEE, Inc.

Course Category

Associate Professional Risk Manager Exam - Online

Overview of Risk Management

A Primer in Corporate Risk Management

A Non-Quantitative Guide to Theory of Risk and Return

The Role of Governance in Risk Management

The PRMIA Standards of Best Practice, Conduct and Ethics

The PRMIA Bylaws

The PRMIA Governance Principles

Introduction to Financial Markets - I

Introduction to Financial Markets - II

Interest Rate Risk Analysis

Hedging Interest Rate Risk

Overview of Market Risk Management

Value at Risk

Stress Testing, Scenarios & Other Market Risk Measures

Asset Liability Management

Retail Credit Risk Management

Commercial Credit Risk Management

Securitization

Credit Modeling

Credit Derivatives

Operational Risk Management

Performance Measures

Case Study: Metallgesellschaft

Case Study: Orange County

Case Study: Riggs Bank

Group of Thirty Derivatives Best Practices

Case Study: LTCM

Case Study: Continental / Penn Square

Case Study: Bankgesellschaft Berlin

Case Study: Credit Lyonnais

Case Study: Barings

Case Study: NAB F/X Options

Case Study: World Com

Case Study: Bankers' Trust

Case Study: Daiwa