Professional Risk Manager (PRM)

70 Hours / 12 Months / Mentor Supported

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:

Internet Connectivity Requirements:
  • Cable and DSL internet connections are recommended.

Hardware Requirements:
  • Minimum Pentium 400 Mhz CPU or G3 Macintosh. 1 GHz or greater CPU recommended.
  • 256MB RAM minimum. 1 GB RAM recommended.
  • 800x600 video resolution minimum. 1025x768 recommended.
  • Speakers/Headphones to listen to Dialogue steaming audio sessions.
  • A microphone to speak in Dialogue streaming audio sessions.
Operating System Requirements:
  • Windows Vista, 7, 8, 8.1, 9, 10
  • Mac OSX 10 or higher.
  • OpenSUSE Linux 9.2 or higher.
Web Browser Requirements:
  • Google Chrome is recommended.
  • Firefox 13.x or greater.
  • Internet Explorer 6.x or greater.
  • Safari 3.2.2 or greater.
Software Requirements:
  • Adobe Flash Player 6 or greater.
  • Oracle Java 7 or greater.
  • Adobe Reader 7 or greater.
Web Browser Settings:
  • Accept Cookies
  • Disable Pop-up Blocker.


**Outlines are subject to change, as courses and materials are updated.**