1. The PRM™ Qualification Information Evening

2. The Professional Risk Manager (PRM) Certification
Nawal Roy
Founding director of PRMIA, Member of the PRM Education Committee and New York Steering Committee

3. PRMIA – The Global Organisation
The Professional Risk Managers’ International Association (PRMIA) represents over 52,000 risk management professionals
Members represent
Over 4,000 organizations
Over 180 countries
More than 60 local chapters offer 200 open meetings annually
PRMIA is a member-led, grass-roots organization
Code of Ethics for Risk Professionals
Governance – owned by members

4. PRMIA London – The Risk Association for the City
Over 11,500 members in the London chapter
All segments of FS industry – Commercial & Investment Banking, Insurance, Fund Management, etc.
Practitioners, consultants, academics and regulators.
Run by industry professionals on pro bono basis
Heads of credit, market and operational risk from leading firms.
Representatives from vendors and consultancies
Regular seminar program – 15 events in 2007
Speakers included CROs, top regulators and academics
Frequent industry conference speakers without the big fees!
Training program launched to complement existing seminar series.

5. The PRM Qualification Aim
To provide a common educational baseline for all Professional Risk Managers in the Financial Services Industry.
What
Statement of best practice
“Everything you wanted to know about Risk but were afraid to ask”
Foundations of Finance Theory and Financial Markets
Basic mathematical tools
Practical elements of credit, market and operational risk
Case studies
The essential concepts needed to communicate across the organization with other practitioners
Why
Objective proof of capabilities

6. For whom is the PRM intended?
People who want to learn
People who want to advance their careers
Provides the essential knowledge to progress from Risk Analyst to Risk Manager
Transferable across risk disciplines
Cross-Over Credits
Exam I: (Finance Theory, Financial Instruments and Markets)
Canadian Securities Institute Financial Risk Management Graduates
Chartered Alternative Investment Analyst Financial Risk Management Graduates
Exam II: (Mathematical Foundations of Risk Management)
Actuarial Associates
Exams I & II:
Certified Financial Analysts (CFA) Charter Holders
Chartered International Investment Analysts
Certificate for Financial Advisors (CeFA) Charter Holders
Certificate in Quantitative Finance (CQF) Holders
Actuarial Fellows

7. How Much Work is Involved?
Four parts to the qualification (taken in any order)
Finance 1½ hr exam
Mathematics 2 hr exam
Risk Management 1½ hr exam
Case Studies 1 hr exam
120 total questions (20 questions an hour)
Handbook has 46 chapters
One chapter per week
Can be completed in a year with commitment
Up to two years allowed to pass all parts
Gap of 4 months if an exam is failed

8. The Professional Risk Managers’ Handbook
Over 40 Leading Authors
In Use in over 105 Countries
At 23 of 25 World’s Largest Banks
And all 10 of World’s Largest Financial Service Companies
The best reference source for financial risk managers
Available online and in hardcopy

9. How do I take the exams?
All exams are taken via Computer-Based Testing
Nearly 4,000 Pearson test centers in over 140 countries
Any working day of the year
Minimal delay
User-friendly registration system – customer focused
Total flexibility

10. Prof. Luis Seco, Director of the Risk Lab at the University of Toronto
PRM Academic Partners
"A leading group of academics in renowned universities across the world have joined forces with PRMIA to organize and deliver essential training for those wishing to achieve professional qualifications. We have played an active role in the development of the PRM examination syllabus and we fully support this qualification.“ Prof. Carol Alexander, Chair of the Risk Management Department and Head of Research, ICMA Centre, University of Reading
"When a professional industry organization gets the leading universities from 6 countries to join in an educational partnership, you are witnessing an event of galactic proportions. PRMIA has, in this fashion, defined the new paradigm for professional education and risk management practices for the 21st century.”
Prof. Luis Seco, Director of the Risk Lab at the University of Toronto
Columbia University Business School, Hong Kong University of Science and Technology Masters of Science in Investment Management, Macquarie University Applied Finance Center, National University of Singapore Centre for Financial Engineering, Technical University of Munich – HVB Institute for Mathematical Finance, University of Michigan College of Engineering, and a consortium of faculty in Paris representing ESCP-EAP, HEC, Ecole Polytechnique, Sorbonne and Université Paris Dauphine

11. PRM Professional Endorsements
“Professional development and certification within our industry is an imperative. Endorsing the PRMIA certification ensures we continue to set industry leading standards for our staff, which directly benefit our clients.”
Dr. Ron Dembo, Founder of Algorithmics
“The PRM qualification is one of the best things that PRMIA has done for the risk profession.”
David French, Bank of America, London
"PRMIA is the international leader in risk management certification and CSI wholeheartedly endorses its PRM designation."
Roberta Wilton, Ph.D, President & CEO, Canadian Securities Institute, Toronto, Canada
Ernst & Young
InteDelta
IRIS
Lombard Risk
MB Risk Management
Misys
Moody’s KMV
SunGard
SYSTEMIC
Vivisimo

12. 10 Reasons to Choose PRM Global - Offered in over 140 countries
Flexible - PRM exams can be taken any business day of the year and in any order you wish
Comprehensive - Because the PRM is broken into four exams you cannot use strength in one area to cover weaknesses in other areas
Affordable - Not all economies are alike, so those who earn less than US$25,000 per annum are eligible to apply for the PRM scholarship.
The PRM Handbook - The PRM Handbook is available anywhere in the world that has access to the Internet

13. 10 Reasons to Choose PRM continued.....
Endorsements - Many companies have put their brand names on the line by publicly endorsing the PRM exam
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. 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
Respect - The PRM is the most challenging certification program for financial risk managers

14. Steve Block PRM Faculty

15. Outline The PRM Exams The 7city/ICMA Centre Faculty Evening Course
Bootcamps
Distance Learning
How to Enroll

16. PRM Part I: Finance Weighting Exam IA: Finance Theory 35%
IB: Financial Instruments 35%
IC: Financial Markets 30%
Exam
Duration: 2 hours
Number of Questions: 36

17. PRM Part II: Mathematics
Weighting
IIA: Foundations 5%
IIB: Statistics %
IIC: Calculus %
IID: Linear Algebra 20%
IIE: Probability 25%
IIF: Regression 10%
IIG: Numerical Methods 10%
Exam
Duration: 2 hours
Number of Questions: 24

18. PRM Part III: Risk Weighting Exam IIIA: Market Risk 33%
IIIB: Credit Risk 50%
IIIC: Operational Risk 17%
Exam
Duration: 1.5 hours
Number of Questions: 36

19. PRM Part IV: Case Studies and By-Laws
Weighting
Case Studies 80%
By-Laws and Code of Conduct 20%
Exam
Duration: 1 hour
Number of Questions: 24

20. Exam Exemptions
The PRM program currently recognizes the following other professional designations and gives partial credit towards completion of the requirements for the PRM certification.

21. The PRM Faculty comprises top industry trainers and Handbook authors
Azmi Özünlü
Jacques Pezier
Moorad Choudhry
Carol Alexander
John Board
Steve Block
Ehsan Nikbakht
Andrew Spieler

22. For further details, please email:
7city Scholarship
Three scholarship places are available for candidates wishing to enroll in the PRM program.
For further details, please

23. Choose Between Three Modes of Learning
Evening Course
Intensive Bootcamps
Distance Learning: either
Live London lectures, or
DVD recorded lectures

24. Choose Between Three Modes of Learning
Evening Course
Intensive Bootcamps
Distance Learning: either
Live London lectures, or
DVD recorded lectures

25. London Course (and Live Distance Learning)
Lectures: at 7city premises
Live and recorded webcasts
Learning Management System:
Diagnostic tests
Worked examples
Other supporting materials

26. London Lectures
Live and recorded webcasts

27. Lecture Notes

28. PRM Portal
Diagnostics tests: 10 questions on each lecture

29. PRM Portal
Excel Files

30. PRM Portal
Captivate Screen-grabber: Excel demonstrations

31. PRM Portal
Worked Examples

32. PRM Portal
Other Supporting Materials

33. Enrolling by Distance Learning?
Live distance learning offers:
Lecture participation via web and teleconference
Live interaction with instructor and full access to recorded sessions
E-copy of PRM handbook
Exactly the same worked examples and diagnostics tests and other support materials as New York based course hosted on PRM Portal.
ILE distance learning offers:
Flexibility to study according to your own needs and at your own pace
Four elements of learning: Lectures, demonstrations, worked examples and diagnostics tests

34. Distance Learning Interactive Learning Environment (ILE)
Studio recorded lectures on DVD
PRM Portal hosting:
Captivate demonstrations
Worked examples
Diagnostics tests

35. Schedule for New York Course

36. Schedule for New York Course

37. Schedule for New York Course

38. Bootcamps Intensive one-week full-time course Covers all four exams
Fee includes handbook and lectures

39. Next Steps… Read the comprehensive brochure
Visit the website:
View a sample lecture
Talk to members of the faculty
Contact 7city:
or Geoff Brown at