PRMIA Certification Exams
The Professional Risk Manager (PRM™) designation is the global standard for the world’s top financial risk professionals. Endorsed by leading businesses and leading graduate programs, it counts candidates from more than any other program for risk managers. The exam tests a candidate’s knowledge and understanding of the key building blocks essential to being a successful financial risk manager.
The Associate PRM is designed to be mathematically and theoretically less detailed than the PRM covering the core concepts of risk management, allowing non-specialists to interpret risk management information and reports, make critical assessments, and evaluate the implications and the limitations of such results. Passing the Associate PRM exam will demonstrate the essential knowledge necessary to understand and manage risks in any corporate or economic environment.
The Operational Risk Manager (ORM) Certificate is designed to deliver a deep, practical understanding of operational risk management frameworks and measurement methodologies in financial institutions. Successful candidates will be better prepared to implement meaningful risk assessment initiatives, produce useful risk management information and understand basic modeling techniques for operational risk measurement.
The PRMIA Credit and Counterparty Manager (CCRM) Certificate is designed to deliver a deep, practical understanding of credit risk analysis frameworks and how to deploy them and act on them in practice in financial institutions. Successful candidates will be better prepared to implement meaningful risk assessment initiatives, produce useful risk management information, and understand the key modeling techniques for credit risk measurement. In addition, they must commit to further uphold the highest professional and ethical standards as defined by the PRMIA Standards of Best Practice, Conduct and Ethics.
Note: Testing will begin in March 2016
The PRMIA Market, Liquidity and Asset Management Risk Manager (MLARM) Certificate is designed to deliver a deep, practical understanding of these areas of risk management, their frameworks, and various measurement methodologies in financial institutions. Successful candidates will be better prepared to implement the processes, procedures and policies around these areas, as well as gain a deep overview of the related tools and techniques. In addition, they must commit to further uphold the highest professional and ethical standards as defined by the PRMIA Standards of Best Practice, Conduct and Ethics.
Note: Testing will begin in March 2016
Programs & Study Materials
We have recently launched the PRM Online Training created by industry experts and powered by NextThought on a platform that fosters interaction among students using innovative, modern web standards, power connections and network around course content. The platform makes it simple for students to engage in discussions, create notes, highlight content, demonstrate acquired knowledge, and connect with peers in a unique learning environment. See what the course has to offer in this Short Video Summary.
The Associate PRM
The Associate PRM is also now available in Chinese. Visit the PRMIA website to view exam details in Chinese.
ORM Online Training Program: Powered by NextThought, recently launched, helps you prepare for the exam. The online course brings online risk education in the web 2.0: to be social, interactive and engaging, by making use of the latest technology available. PRMIA has partnered with NextThought to reinvent the way you learn online: connected, efficient and mobile. The course combines video recordings, text, slide and multiple choice integration to offer the optimal study environment.
PRMIA has developed an online CCRM Candidate Guidebook and the PRMIA Credit and Counterparty Risk Manager Handbook. This handbook covers the full range of topics and disciplines essential to the practice of risk management and is the definitive resource for preparing for the CCRM exam.
PRMIA has developed an online MLARM Candidate Guidebook and the PRMIA Market, Liquidity and Asset Liability Management Risk Manager Handbook. This Handbook covers the full range of topics and disciplines essential to the practice of risk management and is the definitive resource for preparing for the MLARM exam.
Important Changes to the PRM Exam
Exams will be offered at fixed intervals throughout the year. On-demand exam taking will no longer be available.
Scheduling and Testing Windows
Scheduling Window Testing Window January 1 – March 17, 2017 February 20 – March 17, 2017 March 18 – June 16, 2017 May 22 – June 16, 2017 June 17 – September 8, 2017 August 14 – September 8, 2017 September 9 – December 22, 2017 November 20 – December 22, 2017 January 1 – March 16, 2018 February 19 – March 16, 2018 March 17 – June 22, 2018 May 28 – June 22, 2018 June 23 – September 14, 2018 August 20 – September 14, 2018 September 15 – December 21, 2018 November 19 – December 21, 2018
- Exam Voucher Bundling
PRM exam vouchers will be sold as a bundle with the PRM Handbook; standalone vouchers will no longer be available. Exceptions apply for a period of time for existing candidates and members who have already purchased the PRM Handbook, see PRM Exam and PRM Handbook Bundling FAQ.
- Minimum Requirements
View a complete list of changes and FAQ
PRMIA’s PRM Continuing Risk Learning (CRL) Program requires PRM holders to complete 20 CRL ongoing education credits each calendar year, starting with the calendar year immediately after you have obtained your PRM designation. PRMIA will offer opportunities throughout the year to obtain these credits, such as webinars, training courses, event presentations, and articles. PRM holders have until the end of the following calendar year from the date they obtained their PRM designation to complete and report all 20 CRL credits.
PRMIA is a fast-growing, collaborative network of risk professionals working to set standards for the global risk profession. Individual Membership provides access to our sound risk management practices, certification programs, professional development and multiple networks for the free exchange of ideas.
Discounted exam pricing is available to Sustaining Members of PRMIA. To claim this discount, you must register directly with PRMIA at www.PRMIA.org.
Exam Calculator Update
The calculator is modeled after the Texas Instruments TI-30XS. If you wish to familiarize yourself with the way this calculator functions prior to your exam, please download the Pearson VUE tutorial and practice exam.
Once downloaded, begin the practice exam. On one of the items, you will see a calculator tab on the top left of the screen. Simply click on the tab. The calculator is displayed so you can practice using it.
For a complete list of features available on the TI-30XS, please refer to TI's Guidebook (290 KB PDF). When accessing the guidebook you may have to click “Continue as Guest” in order to view it.