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. Software is not included with the purchase of the course, unless otherwise specified. Students are responsible for the purchase and installation of the necessary course software. **