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Finding time to prepare for the PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition exam is hard when work already fills your week. Fast2test packs 359 focused practice questions for the 8008 exam into formats you can study in short bursts, so every spare half hour moves you closer to a pass.
PRMIA 8008 Exam Overview:
| Certification Vendor: | Professional Risk Managers' International Association (PRMIA) |
|---|---|
| Exam Name: | PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition |
| Exam Number: | 8008 |
| Passing Score: | 60% |
| Exam Format: | Multiple Choice Questions |
| Related Certifications: | PRM Certification - Exam II (Mathematical Foundations of Risk Management) PRM Certification - Exam I (Finance Theory, Financial Instruments, Financial Markets) PRM Certification - Exam IV (Case Studies; Governance, Best Practices and Ethics) |
| Available Languages: | English |
| Certificate Validity Period: | PRM certification validity requires passing both required exams within 2 years |
| Exam Price: | Vendor member / non-member pricing varies; exam authorisation included in PRM programme fee managed via PRMIA/Pearson VUE |
| Real Exam Qty: | Approx. 60 (multiple choice format) |
| Exam Duration: | 120 minutes |
| Sample Questions: | PRMIA 8008 Sample Questions |
| Exam Way: | Computer-based testing via Pearson VUE at testing centres or online proctoring. |
| Pre Condition: | Must be enrolled in the PRM certification programme; meeting PRMIA experience/education prerequisites per PRM designation requirements. |
| Official Syllabus URL: | https://prmia.org/Public/Public/PRM/PRM_Exam_Preparation_Resources.aspx |
PRMIA 8008 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Asset-Liability Management (ALM) | - Interest Rate Risk in the Banking Book - Liquidity and Funding Risk Management |
| Topic 2: Risk Management Frameworks | - Enterprise Risk Management Principles - Governance and Risk Culture |
| Topic 3: Market Risk | - Market Risk Measurement Techniques - Market Risk Models and VAR |
| Topic 4: Credit Risk | - Credit Risk Mitigation and Management - Credit Risk Analysis and Measurement |
| Topic 5: Counterparty Risk | - Pre-Settlement and Settlement Risk - Counterparty Exposure and Collateral Management |
| Topic 6: Funds Transfer Pricing (FTP) | - FTP Implementation and Governance - FTP Framework and Methodologies |
| Topic 7: Operational Risk | - Operational Risk Measurement and Controls - Operational Risk Identification and Assessment |
Everything You Want to Know About the PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition (8008) Exam
The 8008 exam, officially titled PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition, is the PRMIA exam you pass to earn the PRM Certification certification, a credential at the Professional Risk Manager (PRM) – Part of PRM exam sequence level. Passing it confirms the skills defined in the official exam outline, and it is associated with related credentials such as PRM Certification - Exam I (Finance Theory, Financial Instruments, Financial Markets), PRM Certification - Exam II (Mathematical Foundations of Risk Management), PRM Certification - Exam IV (Case Studies; Governance, Best Practices and Ethics).
The 8008 exam includes Approx. 60 (multiple choice format) questions and gives you 120 minutes to finish them. That is a tight pace per question, so get used to reading each stem once, flagging anything uncertain, and moving on rather than getting stuck. Running timed practice tests in the Fast2test desktop or online test engine is the most reliable way to build that rhythm before exam day.
The passing score for the 8008 exam is 60%, and the official registration fee is Vendor member / non-member pricing varies; exam authorisation included in PRM programme fee managed via PRMIA/Pearson VUE. Keep in mind that a failed attempt means paying Vendor member / non-member pricing varies; exam authorisation included in PRM programme fee managed via PRMIA/Pearson VUE again in full to retake it, so book your slot only when your scores on Fast2test practice tests sit consistently above the passing line.
PRMIA lists the following prerequisites or eligibility notes for the 8008 exam: Must be enrolled in the PRM certification programme; meeting PRMIA experience/education prerequisites per PRM designation requirements.. Requirements can change over time, so confirm the details on the official exam page at PRMIA's official site before you register.
Yes. Fast2test offers a free PDF demo of the 8008 material, so you can check the question style and answer quality before purchasing. Every purchase also includes 365 days of free updates, and if your product expires you can extend the update service at a 50% discount from your member zone.
Your purchase is protected by a 100% Money Back Guarantee with clear conditions: if you take the corresponding 8008 exam within 60 days of purchase and do not pass, you can apply for a full refund. The candidate name must match the payer name, and you need to submit a scanned exam enrollment slip together with the official Score Report PDF within 2 days of taking the exam; claims are processed within 7 days. Sitting the exam within 3 days of purchase, downloading without taking the exam, free materials, and expired orders are not covered. If you would rather not take a refund, you can exchange your order for two free exam products of equal value and keep the update service on your original purchase.
Delivery is instant: your download links are emailed within one minute of payment, and you can also download directly from the website. If nothing arrives within 2 hours, contact customer service and check your spam folder. There is no limit on how many computers you can install the material on.
The 8008 exam blueprint is divided into 7 domains, starting with Funds Transfer Pricing (FTP); Credit Risk; Risk Management Frameworks. For the complete domain-by-domain breakdown, see the Exam Topics section above — it lists every topic the current outline covers.
PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition Sample Questions:
Question 1
If the systematic VaR for an equity portfolio is $100 and the specific VaR is $80, then which of the following is true in relation to the total VaR:
A. Total VaR is less than $180
B. Total VaR is $180
C. Total VaR is $20
D. Total VaR is greater than $180
Question 2
According to Basel II's definition of operational loss event types, losses due to acts by third parties intended to defraud, misappropriate property or circumvent the law are classified as:
A. Third party fraud
B. External fraud
C. Execution delivery and system failure
D. Internal fraud
Question 3
Assuming all other factors remain the same, an increase in the volatility of the returns on the assets of a firm causes which of the following outcomes?
A. An increase in the value of the equity of the firm
B. A decrease in the value of the implicit put in in the debt of the firm
C. An increase in the value of the callable debt of the firm
D. A decrease in the value of the non-callable debt issued by the firm
Question 4
The 99% 10-day VaR for a bank is $200mm. The average VaR for the past 60 days is $250mm, and the bank specific regulatory multiplier is 3. What is the bank's basic VaR based market risk capital charge?
A. $600mm
B. $200mm
C. $750mm
D. $250mm
Question 5
If P be the transition matrix for 1 year, how can we find the transition matrix for 4 months?
A. By dividing P by 3
B. By calculating the matrix P x P x P
C. By calculating the cube root of P
D. By numerically calculating a matrix M such that M x M x M is equal to P
Solutions:
| Question 1 Answer: A | Question 2 Answer: B | Question 3 Answer: D | Question 4 Answer: C | Question 5 Answer: D |
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