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The Professional Risk
Managers International
A Higher
Association
Standard for
Risk
Professionals
PRMIA Exam
Developments
November 2009
www.prmia.org
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Focus of Presentation
A Higher
1. Changes to the Associate PRMand PRM S llabi & Exams
Standard for
Risk
Professionals. ,
Future Plans
3. Experiences and Observations
www.prmia.org
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Associate PRM Syllabus Changes
Chapter 13 (complete version) of the Essentials of
Risk Management is now included.
The Operational Risk Management Framework andOperational Risk Process Models papers from thewebsite-based document Risk Mana ement Practicesare dropped.
A new PRMIA Standards of Best Practice, Conduct,
Two case studies US Saving & Loan Crisis andCalifornia Power Crisis - have been dropped.
No new case studies are added.
The Structure of Commodities Markets - (pages 7-
A Higher Standard for Risk Professionals www.prmia.org
.
A new version of this document is provided.
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Associate PRM Exam Changes
Although the content for the syllabus will changeon October 1st, to give candidates time to study
e new ma er a , e exam ques ons w nochange until December 1st 2009.
will continue to be examined on the current
syllabus material and do not need to study the new .
Candidates taking the exam on or after December1st will et uestions on the new material.
A new version of the Associate PRM Exam Guidewas launched on October 1st 2009.
A Higher Standard for Risk Professionals www.prmia.org
Any questions or pro ems accessing ocuments,
please contact [email protected].
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PRM Exam III Syllabus Changes
Note that the PRM syllabus for this exam changes
There are new papers on Systemic Risk, LiquidityRisk, Stress Testing and Information Risk.
No changes to existing PRM Handbook material.
The new material is provided as Supplementary.as the current electronic Handbook versions. Newpurchasers of a printed or electronic copy of
Handbook Volume III will have the addendumplaced on their My Library, as will every PRMIAmember who has bou ht this volume since
A Higher Standard for Risk Professionals www.prmia.org
October 1st 2007.
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PRM Exam IV Syllabus Changes
Note that the PRM syllabus for this exam changes on1st October 2009
ew an ar s o es rac ce, on uc an
Ethics, and Risk Governance Guidelines
and Marine Insurance, Fannie Mae/Freddie Mac,
China Oil, Washington Mutual e o ow ng case stu es are no onger on t e
syllabus US Saving & Loan Crisis, California PowerCrisis, Daiwa, Credit Lyonnais, Continental Illinois,
Riggs Bank
All Exam IV syllabus material is available through
A Higher Standard for Risk Professionals www.prmia.org
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PRM Exam III and IV Exam Changes
A new version of the PRM Exam Guide is also onthe PRM website pages.
ew vers ons o e re evan u y u es
and Test Questions will be loaded in Q1 2010.
st give candidates time to study the new material,
the exam questions do not change until March.
will be examined on the current syllabus andneed not study the new material. Candidates
taking the exam on or after March 1st will getquestions on the new material.
A Higher Standard for Risk Professionals www.prmia.org
,please contact [email protected].
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Current Activities 2
APRM and PRM in Chinese
Both under construction
Chinese translation of The Essentials of RiskManagement plus a second book on Chinese RiskManagement Practices to be released in November 2009
Chinese APRM will consist of current English APRM plusa 2nd paper on Chinese risk management practices
First Chinese APRM exam to be end 4 2009
Chinese language PRM will be identical to Englishlanguage version
First Chinese PRM to be in Q2 2010
Train the trainers currently in process for both exams
A Higher Standard for Risk Professionals www.prmia.org
t er anguage vers ons o t e exams are current y
being considered
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Plans
To continue to update the PRM exam syllabus onan annual basis (2 years for the Associate PRM).
o nves ga e ma ng e a se ec ve exam
(e.g. choose 4-5 papers out of 8-9 papers)allowing a qualitative and quantitative separation.
Develop specialist papers i.e. Islamic Risk
Management, Basel II, Energy Risk, Risk,
To investigate local flavours of the exam, i.e.having an additional paper on local financial
practices as has been done in China for the APRM.
To continue to plan versions in other languages
A Higher Standard for Risk Professionals www.prmia.org
To continue t e ig qua ity wor o t e exam
review committee
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Experiences & Observations
We demonstrate we are a . member-ledassociation by, for, and of professionals
Our volunteer force is second to none theyhave our sincere thanks
ur v u ry
PRM designation and APRM certificate are nowreco nised and acce ted loball
PRMIA challenges, include:
Manpower to manage increased number of exams and
o coor na e exam c anges The delivery of the exams in different formats (some
areas may need paper, some areas may not have
A Higher Standard for Risk Professionals www.prmia.org
au oma e es ng venues
Language and cultural differences
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T an you
A HigherIf you have any questions pleasesend to [email protected]
Standard for
Risk
Professionals
www.prmia.org
