May 27, 2008
PRMIA Announces Risk Management Accreditation Program
Macquarie University and ICMA Centre, University of Reading
named first accredited programs
PRMIA today announced the PRMIA Risk Accreditation Program. The program is designed to identify and endorse university degree programs that prepare candidates for careers as professional risk managers.
Students completing appropriate courses within accredited degree programs will be eligible for exemption from PRMIA's Professional Risk Manager (PRM) Exams I and II, which form a major part of the PRM certification program, the global standard for the world's top financial risk professionals. All students will still be required to pass Exams III and IV in the PRM program.
"Prospective students can be confident that accredited degree programs have a high degree of commonality with the PRM curriculum, a body of knowledge that industry leaders have identified as crucial for professional risk managers," says Jodi Lundell, PRMIA Director of Risk Training and Education. She adds, "They can also be confident that these degree programs are appropriately rigorous, are taught by high quality faculty, and are recognized by potential employers."
A secondary aim of the Risk Accreditation Program is to further enhance relationships between PRMIA and quality educational institutions. Close links between the industry and academics can help to build a better educated risk management profession and ensure that the PRM certification maintains its exacting standards.
The first two degree programs accredited under this new program are the MSc in Financial Risk Management at the ICMA Centre, University of Reading, UK (which is also offered by distance learning) and Masters in Applied Finance at Macquarie University, offered at its Beijing, Melbourne, Singapore, Sydney and Tokyo campuses.
The ICMA Centre has an international reputation for providing high quality undergraduate and Masters degrees as well as PhD and professional programmes across most areas of the finance industry. Masters degrees in Risk Management have been offered at the Centre since 2000 and these have always been taught by faculty with international academic and professional reputations who, consistent with the ethos of the ICMA Centre and PRMIA, fully recognize the value of integrating theory and practice. The Risk Management degree is international in composition and is taken full-time and through a fully supported distance learning programme.
Professor Carol Alexander, Chair of Financial Risk Management and Director of Research at the ICMA Centre, and Chair of PRMIA's Academic Advisory Council, says, "Our Financial Risk Management MSc course is moving from strength to strength, and the recent news about PRM accreditation is welcomed by professionals, academics and students alike." For more information, visit www.icmacentre.ac.uk.
The Macquarie Masters in Applied Finance (MAF) program has been taught in Australia and Asia for over 25 years and is the largest of its type in the world. Teaching faculty have both excellent educational qualifications and substantial industry experience, creating courses with a truly applied, rather than theoretical focus. Lectures are in convenient CBD locations in each teaching centre, catering to working professionals as well as full-time students. Specializations are in Risk Management, Funds Management, Corporate Finance and Instruments and Valuation. For more information about the Masters in Applied Finance and other activities of the Macquarie Applied Finance Centre, visit www.mafc.mq.edu.au.
Associate Professor Elizabeth Sheedy, Co-Editor of the PRM Handbook says "At Macquarie we are convinced of the importance of financial risk management. All our Masters students are required to take risk management courses and many choose from our wide range of risk management elective courses as well. The partnership with PRMIA will build on the industry focus that has always been Macquarie's trademark."
Universities who want more information on the PRMIA Risk Accreditation Program may contact Sue Rod by email at sue.rod@prmia.org or by telephone +1 612-216-4349, or by fax at +1 212-898-9076).
Posted by PRMIA_Marketing at 06:07 AM
| Comments (0)
May 23, 2008
Call for Speakers
The Professional Risk Managers' International Association (PRMIA) announces a call for presenters for its third Global Event Series. The series will be held throughout the month of September 2008 and will focus on the theme of Operational Risk and Capital Allocation.
Twenty chapters will be holding events throughout the global PRMIA chapter network. These events include morning, afternoon, evening and all day programs. We are seeking high level presenters who can share best practices, effective strategies and current thinking in the field of Risk Management for these chapter events on the theme of Operational Risk and Capital Allocation.
The PRMIA regional chapters that need your support are listed on the speaker application. Speakers can submit presentations for more than one chapter. Speakers will be matched with the Regional Director of the chapter(s) where they wish to speak. Regional Directors will coordinate directly with speakers on preferred format, length of speech and other needed arrangements. PRMIA does not pay speaker fees, per diem or honoraria.
If you are interested in presenting at the third Global Event Series, please submit a speaker application to katie.gittins@prmia.org by the 30th of May. Applications must be submitted in English. Presentations may be delivered in other languages, depending on the preference of the regional chapter.
For further information about the Global Event Series, please visit www.prmia.org/globaleventseries.
Please address any questions to Katie.Gittins@prmia.org
Posted by kgittins at 11:20 AM
| Comments (0)
May 21, 2008
PRMIA Announces Partnership with HEC Montreal
PRMIA today announced a new university partnership with HEC Montreal.
PRMIA, in conjunction with HEC Montreal and its other leading University Partners around the world, seeks to set the international standards for graduate level education in risk management and financial engineering, to offer training and development programs in finance and risk management around the world, and to reinvest the proceeds of these activities into scholarly research, scholarships and further educational efforts.
Educated in top North American and European universities, HEC Montreal faculty is highly active in research on today's most important financial problems. The research interests of its professors touch a broad range of finance areas, and some professors are internationally recognized for their large research contribution.
HEC Montreal will offer a PRM Risk Management Course to assist candidates who are preparing for the Professional Risk Manager (PRM) certification. The course is composed of 12 weekly three hour sessions on Tuesdays from 6:30 to 9:30 p.m., September 9 to December 9 (class break on October 21 and 28). To learn more about this course or to register, go to www.prmia.org/events/view_events.php?eventID=2990. Visit www.hec.ca for more information about HEC Montreal.
Posted by PRMIA_Marketing at 08:53 AM
| Comments (0)
May 15, 2008
PRMIA to Hold Integrated Stress Testing Course
PRMIA Training & Education will hold an Integrated Stress Testing for Corporate and Retail Exposures course June 5 -6 in New York and June 23-24 in London.
Stress Testing has become an imperative component of risk management due to the fluctuation in financial markets and increase in regulatory requirements. During this course, participants will learn how to introduce integrated stress testing into the overall risk management framework.
Led by Dr. Robert Mark and Dr. Grigoris Karakoulas, this course will introduce integrated stress testing into the overall risk management framework through group discussions which focus on analyzing case studies.
To learn more about the Integrated Stress Testing course, to view the course brochure, or to register, click here for the New York course or click here for the London course. Please contact Jill Fisher at Jill.Fisher@prmia.org with any questions.
Posted by PRMIA_Marketing at 12:45 PM
| Comments (0)
May 08, 2008
PRMIA to Hold Operational Risk Measurement Course
PRMIA Training & Education will hold an Operational Risk Measurement course June 2 and 3 in London.
This course provides a detailed examination of the building of mathematical models for operational risk measurement. These models allow for capital quantification as well as the definition of new metrics which are also useful for banks that are not in the AMA approach.
Operational Risk Measurement will be taught by Dr. Santiago Carrillo Menendez, a full professor in the Mathematics Department of the Universidad Autonoma de Madrid since 1976 and co-director of the Master on Financial Risk Management at Madrid Stock Exchange.
To learn more about the Operational Risk Measurement course, to view the course brochure, or to register, visit the PRMIA website. Please contact Jill Fisher at Jill.Fisher@prmia.org with any questions.
Posted by PRMIA_Marketing at 04:07 PM
| Comments (0)
May 07, 2008
PRMIA Reaches 50,000 Members
PRMIA is pleased to announce that it now has 50,000 registered members from over 180 countries worldwide. PRMIA was formed in 2002 by a small group of volunteers. In only six years, PRMIA has surged from a start-up to a highly respected organization with a truly global reach.
"I have been part of PRMIA since its inception," says Bob Mark, PRMIA Vice Chair and Black Diamond Risk Enterprises CEO. "PRMIA has provided an international network of people committed to working together for the development of the risk profession that is unlike any other I know. In virtually any city in the world that has a financial center, I can find a PRMIA member with whom to connect."
Thank you to PRMIA members, volunteers, leaders, partners, and staff for the commitment that has made this significant growth possible.
Posted by PRMIA_Marketing at 08:33 AM
| Comments (0)
