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The final section covers asset and liability management (ALM) and funds transfer pricing (FTP), which includes topics such as interest rate risk, liquidity risk, and FTP methodologies. Overall, the PRMIA 8008 Certification Exam is an excellent way for professionals to demonstrate their knowledge and expertise in risk management, and it is highly recommended for anyone looking to advance their career in this field.

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PRMIA 8008 certification, also known as Exam III, is a highly esteemed certification exam for individuals seeking a career in risk management. 8008 exam covers a range of topics related to risk management frameworks, operational risk, credit risk, counterparty risk, market risk, ALM (asset and liability management), and FTP (funds transfer pricing). PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition certification exam is designed to test a candidate's theoretical and practical knowledge in these areas.

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PRMIA 8008 is a prestigious certification exam that focuses on risk management frameworks, operational risk, credit risk, counterparty risk, market risk, ALM, and FTP. 8008 exam is designed for professionals who have a deep understanding of financial markets and risk management practices. The PRMIA 8008 exam is a comprehensive assessment of a candidate's knowledge and skills in risk management, and it is recognized globally as a benchmark of excellence for risk professionals.

Passing the PRMIA 8008 exam is a significant accomplishment for risk management professionals. It demonstrates that the candidate has a deep understanding of risk management principles and is capable of applying them in practical situations. PRMIA certification is recognized globally, and it is highly valued by employers in the financial services industry. Candidates who pass the PRMIA 8008 exam are well-equipped to manage risk effectively and contribute to the success of their organizations.

PRMIA 8008 Exam Syllabus Topics:

SectionObjectives
Topic 1: Asset-Liability Management (ALM)- Liquidity risk management
- Interest rate risk in the banking book (IRRBB)
Topic 2: Market Risk- Interest rate, equity, FX, and commodity risk
- Market risk measurement techniques
  • 1. Stress testing and scenario analysis
    • 2. Value at Risk (VaR)
      Topic 3: Funds Transfer Pricing (FTP)- Internal pricing of funds and liquidity allocation
      - FTP methodologies
      Topic 4: Counterparty Risk- Counterparty credit exposure
      - Netting and collateral management
      - Derivatives credit risk considerations
      Topic 5: Credit Risk- Credit risk measurement and modeling
      • 1. Loss given default (LGD)
        • 2. Exposure at default (EAD)
          • 3. Probability of default (PD)
            - Credit portfolio risk
            Topic 6: Risk Management Frameworks- Enterprise risk management principles
            • 1. Risk governance structure
              • 2. Risk appetite and tolerance
                • 3. Risk identification and assessment processes
                  - Risk measurement and reporting frameworks
                  Topic 7: Operational Risk- Operational risk management techniques
                  • 1. Risk and control self-assessment (RCSA)
                    • 2. Key risk indicators (KRI)
                      • 3. Loss event data collection
                        - Operational risk types and sources

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