what is Professional Risk Manager (PRM) ?
This I'll post here soon
Sameer Medhekar (Student) (4140 Points)
21 January 2009what is Professional Risk Manager (PRM) ?
This I'll post here soon
Sameer Medhekar
(Student)
(4140 Points)
Replied 21 January 2009
The Professional Risk Manager (PRM™) certification program is the global standard for the world's top financial risk professionals. Endorsed by leading businesses and leading graduate programs, it counts candidates from more countries than any other program for risk managers. The program is offered at nearly 4,000 centers in more than 140 countries across the globe.
Sameer Medhekar
(Student)
(4140 Points)
Replied 21 January 2009
Benefits of PRM
Global - Offered in over 140 countries at nearly 4,000 testing centers, the PRM is a true international benchmark.
Flexible - Risk managers' schedules are far from predictable, so you can take PRM exams any business day of the year and in any order you wish.
Predictive Power - Because the PRM is broken into four exams, each of which must be passed to attain the designation, you cannot use strength in one area, say Math or Finance, to cover weaknesses in other area, say Risk Management. Exams with one overall score cannot reliably validate each critical area of competence. This muddling creates uncertaintly about whether the candidate does indeed have the broad knowledge and understanding that risk managers must bring to their job. The point of a certification program is to remove such uncertainty.
Affordable - This is also part of the global aspect. We recognize that not all economies are alike, so those who earn less than US$25,000 per year are eligible for fee discounts.
The PRM Handbook - Written by over 40 leading authors, the PRM Handbook is available anywhere in the world that has access to the Internet.
Endorsements - Many companies have put their brand names on the line by publicly endorsing the PRM exam. There are no such firms doing this publicly for any other risk management certification program that we know of.
Recognition of Other Achievements - We provide partial credit to those that have demonstrated their skills through attaining designations like the CFA, FSA, ASA and others.
No Maintenance Fees - Just because you are successful doesn't mean that PRMIA should earn an annuity. We will provide you with benefits as a successful PRM like training course discounts and access to resources that are only for PRMs. You won't need to pay us anything to keep your designation active.
Quality - Because the PRM is delivered via computer, in controlled testing facilities, we are able to monitor questions so that they truly reflect our syllabus and desired degree of difficulty. In other words, our exam is designed, not just assembled.
Respect - The PRM is the most challenging certification program for financial risk managers. Holders of the PRM as easily distinguished for their achievement and have the backing of PRMIA, the premier meeting place for the risk profession.
Sameer Medhekar
(Student)
(4140 Points)
Replied 21 January 2009
Eligibility/Perequisites for PRM Membership in PRMIA, which is free, is the only pre-requisite. To become PRMIA member Click here
Sameer Medhekar
(Student)
(4140 Points)
Replied 21 January 2009
PRM Exam Structure Candidates are required to pass four exams to be awarded the PRM designation. All four exams can be completed in one sitting or in four separate modules, which can be taken in any order over a period of up to two years.
Exam I: Finance Theory, Financial Instruments and Markets (90 minutes)
Exam II: Mathematical Foundations of Risk Measurement (2 hours)
Exam III: Risk Management Practices (90 minutes)
Exam IV: Case Studies, PRMIA Standards of Best Practice, Conduct and Ethics (1 hour)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
