For full text article go to : http://www.educorporatebridge.com/prm/why-should-i-go-for-prm/ In the area of risk management, many people have the questions in their mind that "Why should I go for PRM?" or “What is the benefit of doing PRM?” Below is the article which focuses on questions related to Professional Risk Management.

1. Why should I go for
PRM(Professional Risk Manager)?
-by edu CBA

3. Do you have confusion
regarding PRM?
PRM Stands for Professional
Risk Manager

4. You can go for PRM if:
• You have interest in performing quantitative analysis
and risk measuring.
• You want to build on quantitative skills on financial
modeling.
• You are seeking for professional certification
• You are looking to communicate your knowledge and
understanding of risk management at a higher level to
external and internal parties
• You want to be a predictive analyst.

5. What are the benefits of
PRM course???

6. • Career – With this certification your career will get good boost
in the field of risk management, trading, structuring and
modeling
• Global – It is held in over 160 countries at nearly 5,000 testing
centers, the PRM has a true international benchmark.
• Flexible – Candidates can take exams four times in a year.
• Affordable - Fees are affordable in nature and as per
economical background discounts are offered.
• Recognition – Partial credit is provided to other designation
holders like CFA, FSA, ASA’s.
• No Maintenance Fees – No annual fee for maintaining the
designation.

7. • PRM has gained respect in the financial world. It is considered
to be one of the most challenging certification program
available for financial risk managers.
• It is also publicly endorsed by leading universities and
businesses.
• PRM is an indication of your commitment in risk.
• PRM holders have the backing of PRMIA.
• With PRM qualification you can get a shot at a first interview
even if you don’t have any or much risk background.
Market Value

8. Are their any prerequisites
and experience requirements
for taking exams?
The only requisite for taking PRM exam is
membership in PRMIA. Minimum experience
requirements:
•4 Years if you don’t possess bachelor
degree.
•2 Years if you possess bachelor degree.
•No experience requirements if
graduate school or holder of other
accepted professional Designations
(CFA, CAIA, CQF, etc.).

9. When can I go for PRM exam?
• Earlier it used to be on-demand exam taking but
from January 2014, Exams are offered at fixed
intervals throughout the year.
• There is no fixed order of exams; you can either
take all four exams on same day or on different
days/months.
• They can be taken in any order over a period of up
to two years.

10. Exams and Syllabus
Exam Exam Name No. of
Questions
Time Allowed
I
Finance Theory, Financial
Instruments
and Markets
36 2 hours
II
Mathematical Foundations of
Risk
Measurement
24 2 hours
III Risk Management Practices 36 1.5 hours
IV
Case Studies, PRMIA Standards of
Best Practice, Conduct and
Ethics, Bylaws
24
1 hour
Complete PRM Exam 120 6.5 hours

11. • After done with PRM certification, you can look for career opportunities in
areas of Risk Management, Trading, Structuring, Modeling, etc.
• The lucrative working positions include:
– Chief Risk Officer
– Senior Risk Analyst
– Head of Operational Risk, and Director
– Investment Risk Management
• With this certification, you can broaden your search with the terms like
Financial Econometrics, Basel norms (I,II,III) etc.
• Also PRMIA provides a platform for their charter holders to help them avail
some of the best job opportunities currently open in the market.
How having the PRM designation affects one’s job prospects?

12. Roles performed by PRM
Risk management is identifying the type of risk and taking appropriate measures for it.
The risks faced by the firm can be credit risk, market risk, operational risk, liquidity risk.
Generally observed areas where risks exist:
• Defaults on loans
• Losses on inventories from other parties
• Losses on securities investments
Risk managing personnel is expected to employ various financial instruments and
contracts to control risks which include:
• Credit Assessment
• Futures Contracts
• Options Contracts
• Forwards Contracts
• Swaps etc.

13. Pay scales
Salary figures can vary based on factors such as
organization policies, industry, geographical location,
experience level etc.
Risk managers earn an average salary of $90000
per annum. The observed salary ranges may vary from
USD 58 K to USD 160 K.

14. We hope that you must have got so many
reasons for “Why should you go for PRM?”
All The Best!!!

15. Knowledge is like a line
with no ends…
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http://www.educorporatebridge.com/prm/why-should-i-go-for-prm/

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