Professional Risk Manager (PRM)

Hours: 70 / Access Length: 12 Months / Delivery: Open, Mentor Supported
Retail Price: $450.00

Course Overview:

The ePRM Coach Complete prepares the learners to pass the four exams as a part of the PRM Certification. It contains all the study material and practice questions you need to pass the four exams.

Course Outline:

Exam 1: Finance Theory, Finance Instruments and Markets

• Risk and Risk Aversion
• Portfolio Mathematics
• Capital Allocation
• CAPM and Multifactor Models
• Basics of Capital Structure
• The Term Structure of Interest Rates
• Valuing Futures and Forwards
• Principles of Option Pricing
• Bonds and Bond Market
• Bond Analysis
• Floating Rate Notes
• Futures and Forwards
• Swaps
• Options
• Credit Derivatives
• Caps, Floors, Swaptions
• The Structure of Financial Markets
• Money Market
• FX Market
• Stock Markets
• The Futures Market
• Capital Market
• The Structure of Commodity Markets
• Energy Markets
• Mock Exam

Exam 2: Mathematical Foundations of Risk Measurement

• Foundations
• Descriptive Statistics
• Calculus
• Linear Mathematics And Matrix Algebra
• Probability Theory in Finance
• Statistics
• Regression Analysis
• Numerical Methods
• Mock Exam

Exam 3: Risk Management Practices

• Capital Allocation for RAPM
• Market Risk Management
• Value at Risk (VaR)
• Value at Risk Models
• Advanced Value at Risk Models
• Stress Testing
• Liquidity Risk
• Stress and Scenario Testing
• Credit Risk Management
• Foundations of Credit Risk Modelling
• Credit Exposure
• Rating agencies and their grades
• Marginal and cumulative default risk
• Transition matrix and correlated migrations
• Portfolio Models and Credit Loss
• Merton and KMV models
• Credit Risk Capital Calculation
• The Operational Risk Management Framework
• Operational Risk Management Process Models
• Operational Value-at-Risk
• Information Risk
• Systemic Risk
• PRM Exam III

Exam 4: Case Studies, Standards of Best Practice, Conduct and Ethics, and PRIMA Governance

• Barings
• National Australia Bank
• Bankgesellschaft Berlin
• LTCM
• Bankers Trust
• Orange County
• Metallgesellschaft
• WorldCom
• Northern Rock
• Taisei Fire and Marine Insurance Co
• Fannie Mae and Freddie Mac
• China Aviation Oil
• Washington Mutual
• The PRMIA Governance Principles
• The PRMIA Standards of Best Practice, Conduct and Ethics
• Group of Thirty Derivatives Best Practice
• The PRMIA Bylaws
• PRM Exam IV

System Requirements:

• Cable and DSL internet connections are recommended for the best experience.

• CPU: 1 GHz or higher
• RAM: 2 GB or higher
• Resolution: 1280 x 720 or higher
• Speakers / Headphones
• Microphone (Webinar / Live Online sessions)

• Microsoft Windows 7 or 10 (Home, Pro)
• Mac OSX 10 or higher.
• Latest Chrome OS
• Latest Linux Distributions

NOTE: While we understand that our courses can be viewed on Android and iPhone devices, we do not recommend the use of these devices for our courses. The size of these devices do not provide a good learning environment for students taking online or live online based courses.

• Latest Google Chrome is recommended for the best experience.
• Latest Mozilla FireFox
• Latest Microsoft Edge
• Latest Apple Safari

• Office suite software (Microsoft Office, OpenOffice, or LibreOffice)
• PDF reader program (Adobe Reader, FoxIt)
• Courses may require other software that is denoted in the above course outline.