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PRMIA NEWSNews and information from industry's higher standard in risk associations. March 15, 2010 Associate PRM Books Now Available in ChineseThe two supporting books of the Associate PRM exam - (i) the Essentials of Risk Management and (ii) the Chinese Risk Management Practices, are now available at financial book shops in China. For further information on the Chinese Associate PRM, please go to www.prmiachina.org.cn or contact guo.jun@prmia.org or alloy.lara@gmail.com. We expect the books to be available on Chinese online booksellers' websites soon and will inform members when this happens. Posted by Janet Tritch at 09:41 AM | Comments (0) February 12, 2010 PRMIA Partner Events Offer Registration Discounts to PRMIA MembersPRMIA members will receive discounted registration rates when registering for the upcoming Investment Symposium, taking place March 22 - 23 in New York, and the ERM Symposium, taking place April 12 - 14 in Chicago. The Investment Symposium will address many of the current economic issues and provide the latest updates from insurance industry's perspective. The program will cover Asset Classes, Finance and Investment Risk Management and Investment Strategy. The speakers have roles in various backgrounds: investment process, portfolio managers, traders, actuaries, investment professionals, derivatives and capital markets experts. PRMIA volunteer leaders are among those speaking at both events. Posted by Janet Tritch at 02:30 PM | Comments (0) February 08, 2010 PRMIA and Thorek/Scott and Partners Announce Awards Which Advance the Professionalism of Risk ManagementPRMIA and Thorek/Scott, responding to public concerns over insufficient rigor in risk management practices, have joined forces to promote industry-leading risk management education. This initiative will boost the efforts of high-performing risk professionals and forward-thinking organizations, who regard risk management professionalism as essential to their own success and certification achieved through formal risk education as the most effective route to its implementation. To recognize those risk managers who achieve higher professional standing in the industry through education and certification, the Professional Risk Managers' International Association (PRMIA) has joined forces with Thorek/Scott and Partners, a leading executive search firm, to offer the Thorek/Scott Award for PRM Excellence and the Thorek/Scott Award for Associate PRM Excellence. These awards will recognize the two candidates who successfully pass the Professional Risk Manager (PRM) and Associate PRM exams with the highest scores between June 1, 2009 and May 31, 2010. The PRM Award winner will receive a $4,000 cash prize, with the Associate PRM award winner receiving a $1,000 cash prize. The winners will be announced in June 2010. Detailed award terms and conditions are available by contacting support@prmia.org. David Millar, PRMIA Chief Operating Officer says, "The key to the future of financial risk management is the attainment of professional status. Taking exams is the first step towards this, and these awards recognize those individuals who have committed to the improvement of the industry and the safeguarding of the finance sector." Michael Thorek, President, Thorek/Scott and Partners, adds, "Our many years of working with those in risk has emphasized the value of risk and risk education and we are proud to support PRMIA for developing its extensive risk education program." The PRM is recognized worldwide as the leading industry certification for risk managers, having received public endorsements from both business and universities. A PRM assures that the holder has the required broad knowledge and understanding, qualitative and quantitative, that risk managers must bring to the job. The Associate PRM is a PRMIA certificate program intended for staff entering the risk management profession, or those who interface with risk management disciplines on a regular basis, such as auditing, accounting, legal, and systems development personnel who want to understand fundamental risk management methods and practices. The Professional Risk Managers' International Association (PRMIA) promotes a higher standard for risk professionals, with more than 60 chapters around the world and over 65,000 members from 195 countries. A non-profit, member-led association, PRMIA is dedicated to defining and implementing the best practices of risk management through education, certification, events, networking, and online resources. More information can be found at www.prmia.org. A leader in executive search, Thorek/Scott and Partners has successfully connected top tier organizations with highly qualified professionals for over 30 years. Thorek/Scott's expertise in sourcing top talent risk professionals for the corporate, financial, and banking industries has enabled us to form lasting relationships with leading companies both within Canada and across the globe. We work with clients and candidates to create true partnerships, dedicating ourselves to bringing our intelligence, experience and enthusiasm to finding the leadership capital that fits. At Thorek/Scott we are committed to helping both our clients and candidates succeed. Visit us at www.thorekscott.com to learn more about our approach and values, as well as our recent successes and current opportunities. Posted by Janet Tritch at 05:54 PM | Comments (0) February 02, 2010 PRMIA Chooses Golden Future of Shanghai as Approved PRM TrainerPRMIA has chosen Golden Future of Shanghai as an approved PRM trainer for both the English and Chinese language versions of the PRM exam. Established in 2000, Shanghai Golden Future International Financial Institute (Golden Future) is an educational institution both approved by Shanghai Municipal Education Supervision Department and the Civil Affair Bureau, dedicating to offering training services for high-ended financial professionals. Golden Future is one of China's largest training companies and has trained more than 26,000 financial professionals in Shanghai-the international financial center. 28 domestic and oversea financial institutes chose Golden Future as their internal course provider, while more than 24,000 participants have attended Golden Future's financial training programs. Posted by Janet Tritch at 11:21 PM | Comments (0) January 22, 2010 "Ask The Experts" Webinar on Liquidity Risk Kicks Off PRMIA Global Event SeriesThe PRMIA Global Event Series on Liquidity Risk will be running February-April 2010. The webinar has been produced and the recording is available now to all PRMIA sustaining members and to any members who register for an upcoming PRMIA chapter event in the Global Event Series on Liquidity. Don't miss the chance to hear from expert risk practitioners Colin Lawrence and David Benson, who share their observations and answer member questions on liquidity risk in this 45-minute webinar. Colin Lawrence is Director of the Prudential Risk Division of the Financial Services Authority, the independent body with statutory powers to regulate the UK's financial services industry, and a PRMIA board member. David Benson is Executive Vice President and Head of Capital Markets of the Federal National Mortgage Association, better known as Fannie Mae. The webinar is moderated by Steve Lindo, PRMIA's Executive Director. The webinar can be accessed by sustaining members via the exclusive content box on the PRMIA Homepage (bottom right) http://www.prmia.org. Access for PRMIA members who participate in an upcoming Global Event Series chapter event on Liquidity Risk will receive information once the event has been posted. Please find below a listing of chapters who are involved in the liquidity risk series. Thank you to our webinar sponsor:
Moody's Analytics provides strategic solutions for measuring and managing risk. We put the best practices of the entire world of credit, economics and financial risk management at your fingertips, helping you compete in an evolving marketplace. In addition to distributing the credit ratings and proprietary research of Moody's Investors Service, we offer training and consulting services as well as leading-edge software that is tuned to your business challenges and powered by sophisticated models. For more information about Moody's Analytics please visit: www.moodysanalytics.com. PRMIA Chapters Involved in Liquidity Risk Series Posted by Katie M Gittins at 08:15 AM | Comments (0) January 18, 2010 PRM Exam on the BlogsWe often look at the blogs talking about our exams - and we try to learn from these! The following is an independent posting by a PRM candidate on the Global Derivatives Forum which we reproduce with his permission and unchanged. The blogger writes: Continue reading "PRM Exam on the Blogs" Posted by Janet Tritch at 09:21 PM | Comments (0) January 12, 2010 Professionalizing the Risk Management ProfessionColin Lawrence, PRMIA Board Member and Director, Prudential Risk, the Financial Services Authority, examines ways to professionalize the risk management profession in an article printed in the December issue of Risk Premia. PRMIA members may access this article the "My Library" section of the PRMIA website at http://prmia.org/includes/download_mem_issue.php?filename=Risk_Premia_Dec_2009.pdf. Posted by Janet Tritch at 09:38 PM | Comments (0) January 11, 2010 General Principles of Risk Management by Bennett Golub, Vice Chairman and CRO of BlackRock, Now Available in Exclusive ContentGeneral Principles of Risk Management, a presentation made by Bennett W. Golub, Vice Chairman and Chief Risk Officer of BlackRock at PRMIA's CRO Summit in November, is now available to PRMIA Sustaining members in the Exclusive Content box on the PRMIA home page at www.prmia.org. In his presentation, Mr. Golub focuses on eight guiding principles of risk management, including such topics as bottom-up risk management, defining fiduciary responsibilities, the need for institutional buy-in, and others. If you are not currently a Sustaining member but wish to view this presentation, click here to upgrade your membership. Posted by Janet Tritch at 03:29 PM | Comments (0) January 07, 2010 New Issue of Journal of Risk Management in Financial Institutions AvailableThe new issue of the Journal of Risk Management in Financial Institutions, an official journal of PRMIA, has recently been published. Editorial
Free, Emerging Market, and Student members of PRMIA can purchase an annual subscription to the online or print version. Members who wish to upgrade to a Sustaining Membership and receive the Journal free-of-charge, along with many other benefits, may do so here. Alternatively to purchase a Journal subscription, please visit the PRMIA website. Posted by Janet Tritch at 04:12 PM | Comments (0) December 17, 2009 Ground-breaking Survey on Risk Manager Demographics, Culture, Career Expectations and Risk AppetitePRMIA has agreed to collaborate in a research project of the University of Sao Paulo (USP), Brazil. USP is a valued PRMIA sponsor, providing speakers and venues for PRMIA Brazil chapter events. USP is one of Brazil's longest-established public universities, founded in 1924, offering graduate and post-graduate courses and research across a wide range of disciplines. USP's Economics, Administration and Accounting Faculty has designed a ground-breaking survey on risk manager demographics, culture, career expectations and risk appetite. PRMIA members who respond to the survey and who include their email address will receive a copy of the survey report, which will also be widely publicized by USP with acknowledgement of PRMIA's collaboration. PRMIA and USP will ensure that all survey responses are anonymous. The time to complete this survey is about 15 minutes. All PRMIA members are encouraged to participate in this unprecedented research project, not just to support our valued university sponsor, but to learn what common cultural themes, expectations and behaviors unite PRMIA members around the world. To take part in the survey please click here. Posted by Katie M Gittins at 07:44 AM | Comments (0) December 16, 2009 PRMIA Regional Directors Elect Executive CommitteeThe election for PRMIA's 2009/10 Executive Committee recently concluded with a unanimous vote by PRMIA's Regional Directors for the nominees, who were: Chair Vice-Chair Treasurer Secretary Congratulations to the newly elected Executive Committee members. Posted by Janet Tritch at 10:05 PM | Comments (0) November 03, 2009 PRMIA Announces New DirectorsPRMIA is pleased to announce the results of this year's Board election, which concluded on October 30. The three nominees who received the highest number of votes from PRMIA members are: Carol Alexander Bud Haslett Colin Lawrence These new Directors were among a roster of ten strong and well-qualified candidates from around the world which prompted PRMIA members to vote in record numbers. They will replace outgoing Directors Mark Abbott, Christian Jimenez and Alexander Shipilov. Geoff Kates, PRMIA Chairman, notes, "I am delighted to see such high caliber candidates joining the Board and would like to congratulate them on their election. They are the first of a new generation of volunteer leaders ready to help PRMIA shape the future of the profession. We had for this election a very strong roster of candidates showing the wide support that PRMIA now holds. I would also like to thank the outgoing directors for their service to PRMIA since the time the organization was founded." Steve Lindo, PRMIA Executive Director adds, "I am delighted to have Carol, Bud and Colin join PRMIA's Board at this crucial time in the development of the risk profession. Each one of them brings a unique set of skills and experience to PRMIA's leadership, together with a common passion for the advancement of risk management and for PRMIA's commitment to the highest standards globally. I'm also looking forward to working with the other nominees as they pursue leadership roles in other areas of PRMIA's activities." On behalf of PRMIA's volunteer leaders and staff, Geoff and Steve wish to thank the members who voted in this year's election for their strong and active support of PRMIA. Posted by Janet Tritch at 03:46 PM | Comments (0) October 30, 2009 United Nations Conference on Risk Assessment and ManagementDavid Millar, PRMIA's Chief Operating Officer, will be speaking on Managing Risk at the International Conference on Risk Assessment and Management organised by the United Nations Economic Commission for Europe. This conference will be held at the Palais de Nations in Geneva on the 24th and 25th November 2009. The conference is free and open to all but there are limited numbers. Details and registration are available from http://www.unece.org/trade/wp6/documents/2009/2009_ConferenceRisk.htm. Posted by Janet Tritch at 10:05 PM | Comments (0) October 19, 2009 Vote Now for New PRMIA Board MembersIn these times of unprecedented change, the free interchange of opinions and expertise between risk management peers which PRMIA provides is more important than ever. PRMIA's continuing growth and influence require the engagement of its members. Voting for the PRMIA Board of Directors election is now open. To place your vote, please visit http://prmia.org/index.php?page=events&option=eventsElectionGlobal, review the candidates nominated and vote for the candidate of your choice. The roster of candidates for this year's board election is one of the strongest and most diverse ever. Click here to review the nominees' bios, vision statements, and endorsements. Alberto Suen Bud Haslett Carol Alexander Colin Lawrence Iraja Goncalves Kalyan Sunderam Paul Shotton Philippa Girling Sonny Li Yerram Raju Voting will be conducted at a Special Meeting of the Members to be held at 12:00 noon CST on Friday, 30th October 2009 at the offices of PRMIA, 400 Washington St. Northfield, MN 55057, USA, either in person or by proxy. The proxy ballot will close at 13:00 on 30th October 2009 (CST). Please note that only members registered with PRMIA as of 21st September, 2009, are eligible to vote. The challenges facing risk management have never been greater - new risks, greater public awareness and global instability. Turn this into an opportunity by preparing yourself for leadership in the risk management profession - invest in PRMIA education programs now. Thank you for your continued support and participation. Please vote today! Posted by Janet Tritch at 12:15 PM | Comments (0) October 12, 2009 PRMIA Offers Associate PRM Training in HyderabadPRMIA Hyderabad is offering Associate PRM classroom training to help people prepare for the Associate PRM exam. Classes will be held Saturdays & Sundays, beginning October 24. Registration will close October 20.
Posted by Janet Tritch at 10:12 PM | Comments (0) |
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