About PRM

PRM : Professional Risk Manager

The Professional Risk Manager (PRM™) designation is an independent validation of skills and a standard of professionalism, integrity and best practices within the financial risk management profession. The PRM™ is the leading certification for risk managers.

This certificate depends on PRM International Association Institute and consists of 4 levels.

The learning objectives for the PRM designation are to demonstrate knowledge and understanding of:

  • the classic finance theory underpinning risk management

  • the foundations of risk measurement

  • the foundation of option theory

  • financial instruments and their associated risks and uses

  • the daily form and function of trading markets

  • risk management best practices

  • lessons learned from failed systems and practices and major risk events

  • best practices of governance, conduct and ethics

PRM Exam Format

Candidates are required to pass four exams to achieve the PRM Designation. The exams are computer-based and the questions are all multiple choice. The complete PRM exam consists of 120 questions. Exam questions are randomly drawn from the exam database, according to the syllabus order and weightings.

Level Exam Questions Time
I Finance Theory, Financial Instruments and Markets 36 2 h
IIMathematical Foundations of Risk Measurement 24 2 h
III Risk Management Practices 36 1.5 h
IV Case Studies; Standards: Governance, Best practices and Ethics 24 1 h