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Because PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition is issued by an industry-recognized vendor, employers read it as proof of real skill. Prep4away helps you earn that credential with 359 practice questions mapped to the 8008 exam objectives.
PRMIA 8008 Exam Overview:
| Certification Vendor: | PRMIA |
|---|---|
| Exam Name: | PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP (2015 Edition) |
| Exam Number: | 8008 |
| Related Certifications: | PRM Exam I PRM Exam IV PRM Exam II |
| Available Languages: | English |
| Exam Format: | Multiple choice |
| Recommended Training: | PRMIA Official Study Resources |
| Exam Registration: | PRMIA Certification Registration |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Computer-based exam (online or authorized test centers) |
| Pre Condition: | Typically requires completion of PRM Exam I and PRM Exam II before attempting Exam III as part of PRM designation requirements. |
| Official Syllabus URL: | https://www.prmia.org |
PRMIA 8008 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Risk Management Frameworks | - Risk measurement and reporting frameworks - Enterprise risk management principles
|
| Funds Transfer Pricing (FTP) | - FTP methodologies - Internal pricing of funds and liquidity allocation |
| Market Risk | - Interest rate, equity, FX, and commodity risk - Market risk measurement techniques
|
| Asset-Liability Management (ALM) | - Liquidity risk management - Interest rate risk in the banking book (IRRBB) |
| Credit Risk | - Credit portfolio risk - Credit risk measurement and modeling
|
| Operational Risk | - Operational risk management techniques
|
| Counterparty Risk | - Netting and collateral management - Derivatives credit risk considerations - Counterparty credit exposure |
Common Questions About the PRMIA 8008 Exam, Answered
The 8008 exam, officially titled PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition, is the qualifying exam for the Professional Risk Manager (PRM) certification, which sits at the Professional level. Earning it shows employers that you have the skills the credential stands for, and it is a solid step forward on a PRMIA career path. It also connects to PRM Exam I, PRM Exam II, PRM Exam IV, so the effort you put in now keeps paying off as you advance.
According to the official requirements: Typically requires completion of PRM Exam I and PRM Exam II before attempting Exam III as part of PRM designation requirements.. Eligibility rules do change from time to time, so confirm the current details on the official exam page before you register.
Registration for the 8008 exam is handled through the official channels below:
The exam is delivered in the following format: Computer-based exam (online or authorized test centers). Pick a date that leaves room for at least one full timed practice test beforehand.
PRMIA recommends the following official training options for candidates preparing for PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition:
Courses build the foundation, but they work best alongside question practice. That is where Prep4away comes in: the 359 practice questions in our 8008 package let you rehearse the exam format at your own pace and see exactly where you stand.
Yes — Prep4away offers a free PDF demo of the PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition material, so you can review the question style and answer quality before you spend anything. After purchase, you also receive 365 days of free updates, and if your product expires you can extend the update service at a 50% discount from your member zone.
If you take the corresponding exam within 60 days of your purchase and do not pass, you are covered by the 100% Money Back Guarantee under clear conditions. To claim a full refund, submit a scan of your exam enrollment slip and your official Score Report PDF within two days of the exam; requests are processed within seven days. Note that sitting the exam within three days of purchase is not eligible, purchases that were never followed by an exam sitting do not qualify, free materials and expired orders are excluded, and the candidate name must match the payer name. Prefer an exchange instead? You can swap your product for two free exam packages of equal value and keep your update service. Delivery is immediate: your 8008 material is ready for instant download and is also emailed to you within one minute of payment — contact customer service if nothing arrives within two hours. There is no limit on the number of computers you can install it on.
The current PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition syllabus is organized into 7 exam domains. The first three are:
- Counterparty Risk
- Operational Risk
- Funds Transfer Pricing (FTP)
For the full domain and subtopic breakdown, see the Exam Topics section above — that is the outline your Prep4away practice questions are mapped to.
PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition Sample Questions:
Which of the following statements is true
I. If no loss data is available, good quality scenarios can be used to model operational risk II. Scenario data can be mixed with observed loss data for modeling severity and frequency estimates III. Severity estimates should not be created by fitting models to scenario generated loss data points alone IV. Scenario assessments should only be used as modifiers to ILD or ELD severity models.
- A. I
- B. I and II
- C. All statements are true
- D. III and IV
Correct Answer: B 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
A risk analyst peforming PCA wishes to explain 80% of the variance. The first orthogonal factor has a volatility of 100, and the second 40, and the third 30. Assume there are no other factors. Which of the factors will be included in the final analysis?
- A. First
- B. Insufficient information to answer the question
- C. First, Second and Third
- D. First and Second
Correct Answer: A 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
An error by a third party service provider results in a loss to a client that the bank has to make up. Such as loss would be categorized per Basel II operational risk categories as:
- A. Business disruption and process failure
- B. Outsourcing loss
- C. Execution delivery and process management
- D. Abnormal loss
Correct Answer: C 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
Which of the following is not a possible early warning indicator in relation to the health of a counterparty?
- A. Falling stock price
- B. Negative publicity
- C. A decline in the counterparty's corporate debt yield
- D. Credit rating downgrade
Correct Answer: C 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
If the full notional value of a debt portfolio is $100m, its expected value in a year is $85m, and the worst value of the portfolio in one year's time at 99% confidence level is $60m, then what is the credit VaR?
- A. $40m
- B. $15m
- C. $25m
- D. $60m
Correct Answer: C 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
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