PRMIA 8008 : PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition

8008 real exams

Exam Code: 8008

Exam Name: PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition

Updated: Jul 18, 2026

Q & A: 359 Questions and Answers

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About PRMIA 8008 Exam

The Professional Risk Managers' International Association (PRMIA) offers a comprehensive certification program for individuals seeking to advance their knowledge and expertise in risk management. The PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition, also known as PRMIA 8008, is one of the exams included in this program.

PRMIA 8008 exam is an essential requirement for risk management professionals who want to earn the PRM certification. 8008 exam covers a wide range of topics related to risk management and tests the candidate's understanding of different risk types, risk frameworks, and industry practices. Passing the exam demonstrates the candidate's knowledge and ability to manage risk effectively, which is highly valued by employers in the financial industry.

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It credit risk, which includes topics such as credit analysis, credit risk modeling, and credit risk management. The fourth section covers counterparty risk, which includes topics such as counterparty credit risk, counterparty risk measurement, and counterparty risk management. The fifth section covers market risk, which includes topics such as market risk measurement, market risk modeling, and market risk management.

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PRMIA 8008 Exam is designed for professionals who are already well-versed in the fundamentals of risk management, including quantitative analysis, financial modeling, and risk assessment. 8008 exam builds upon this foundation by focusing on advanced topics in risk management, such as the intricacies of different risk types, the nuances of different financial products, and the complexities of managing financial risk in a rapidly changing global environment.

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PRMIA 8008 Exam Syllabus Topics:

SectionObjectives
Credit Risk- Credit portfolio risk
- Credit risk measurement and modeling
  • 1. Probability of default (PD)
    • 2. Loss given default (LGD)
      • 3. Exposure at default (EAD)
        Operational Risk- Operational risk types and sources
        - Operational risk management techniques
        • 1. Risk and control self-assessment (RCSA)
          • 2. Key risk indicators (KRI)
            • 3. Loss event data collection
              Market Risk- Market risk measurement techniques
              • 1. Stress testing and scenario analysis
                • 2. Value at Risk (VaR)
                  - Interest rate, equity, FX, and commodity risk
                  Counterparty Risk- Derivatives credit risk considerations
                  - Counterparty credit exposure
                  - Netting and collateral management
                  Asset-Liability Management (ALM)- Liquidity risk management
                  - Interest rate risk in the banking book (IRRBB)
                  Funds Transfer Pricing (FTP)- FTP methodologies
                  - Internal pricing of funds and liquidity allocation
                  Risk Management Frameworks- Risk measurement and reporting frameworks
                  - Enterprise risk management principles
                  • 1. Risk governance structure
                    • 2. Risk appetite and tolerance
                      • 3. Risk identification and assessment processes

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