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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: Sep 10, 2026
Q & A: 359 Questions and Answers
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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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| Section | Objectives |
|---|---|
| Credit Risk | - Credit portfolio risk - Credit risk measurement and modeling
|
| Operational Risk | - Operational risk types and sources - Operational risk management techniques
|
| Market Risk | - Market risk measurement techniques
|
| 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
|
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