PRMIA Directory

Be able to implement integrated risk management

Define and describe the essential elements of retail credit risk

Define the credit products and describe the credit life cycle

Define the roles of board members and senior management in managing risk

Describe best practices and recent trends in operational risk management.

Describe the governance framework and risk appetite structures for retail credit products

Describe the implement steps required to build a consistent risk management framework within an organization.

Describe the types of risk for retail credit products

Design a coherent framework for credit and counterparty risk with neither risks left out nor double counting

Discuss emerging risks and connectivity effects with regard to operational risk.

Evaluate and identify practical solutions to make risk management more effective in the organisation.

Gain an understanding of Market Risk Measurement and Management

Implement meaningful risk assessment initiatives

Know how to measure, manage and hedge market, credit (retail and corporate) and operational risk

ORM Exam 1: Operational Risk Management Foundations - Understanding of operational risk management practices, key operational risk areas, and the application of operational risk management tools and techniques for the effective management of operational risk management.

ORM Exam 2: Operational Risk Management Practices - Ability to apply the lessons learned from various PRMIA Case Studies through the application of operational risk management frameworks and techniques.

PRM Exam 1: Finance Foundations - Understanding of finance theory, understanding and application of financial instruments and markets, and application and evaluation of mathematical foundations of risk management.

PRM Exam 2: Risk Management Practices - Understanding and application of risk management frameworks, risk management of operational risk, credit risk, counterparty credit risk, market risk, and asset liability management; understanding of funds transfer pricing; Understanding of PRMIA Standards and Governance, and adherence to the PRMIA Code of Conduct; Ability to apply the lessons learned from various PRMIA Case Studies.

Produce useful risk management information

Propose and debate innovative approaches to risk and reward management.

Understand and apply the underlying principle of Asset Liability Management

Understand and apply the underlying principles of Market Risk

Understand basic modeling techniques for operational risk measurement

Understand corporate governance, compliance and risk management

Understand how different definitions of credit risk lead to different results

Understand the business of retail banking

Understand the different sources from where credit risk can arise

Understand the place of Interest Rate Risk and Liquidity Risk

Use tools and techniques for non-financial risk management.