« Support for Systemic Data Collection Revealed in Survey of Financial Risk Experts |
Main
| Global Event Series on Liquidity Risk - Webinar Now Available to all PRMIA Members »
May 12, 2010
First Chinese-language sittings of PRMIA's international financial risk management examinations
The Professional Risk Managers' International Association (PRMIA) and PRMIA's partner in China, Beijing Prming Education Counseling Corporation (PECC - www.prmiachina.org.cn) announce that on April 24th the first sittings of PRMIA's international risk management examinations were run in Chinese. Chinese students now have the advantage of taking internationally respected qualifications covering all aspects of financial risk management and being able to both study for and sit the examinations in the Chinese language. In this way PRMIA and PECC contribute to the development of risk management standards both in China and the rest of the world.
The qualifications consist of PRMIA's advanced PRM (Professional Risk Manager) designation, and the Chinese Risk Management Certificate, comprising PRMIA's Associate PRM certificate and an especially developed second examination consisting of a China-specific risk management syllabus. All syllabus material is available in Chinese. PRMIA's exams are identical both in English and in Chinese.
The first sitting of these examinations was held at the Chinese Academy of Social Sciences in Beijing, and PRMIA members from a variety of Chinese organisations - financial institutions, universities and training companies - took the Chinese Risk Examination.
"It's wonderful that PRMIA has set up two exams for the Chinese Associate PRM in Greater China which involved the Chinese risk management practices. Regarding the features and achievements of "a road with Chinese characteristics", the development path of China's financial industry gradually formed its different market environment, innovation environment and regulatory requirements. So it is necessary for China's financial industry to develop the standard of risk management based on realistic local demands. From this perspective, I believe that, by combining international risk knowledge and Chinese risk practice together, PRMIA therefore will have set the higher standard of risk management in China. PRMIA and PRMIA China Center are doing very significant work to achieve these challenges."
- Dr. Wang Li, Executive Director of the TEHUA Post-Doctoral Research Station
As would be expected, all were determined to prove their skills, and there was a high pass rate of the two examinations of 78%. Candidates passing both examinations will receive a certificate of Chinese Risk Management prowess as well as PRMIA's Associate PRM certificate.
"How to train more qualified risk management talent for banks is one aspect of my work. Besides banks organize trainings for their staff, we also like to see more independent third party professional institutions appearing on the market, and help personnel working in related fields to improve their professional skills. This is why I came to sit the examination: in terms of exam book, teaching arrangements, quality of exam questions, the effect fully satisfied my objectives."
- Dang Junzhang, General Manager, Risk Management Department, Postal Saving Bank of China
To satisfy local cultural preferences, the exams are being taken at fixed times each month in centres across China with frequency and venues increasing as the examination registrations require. Next to be taken will be repeats of the above certificate plus the first of the PRM designation examinations.
"Jilin's financial institutions currently have attached great importance to risk management as never before. This is a good thing and it deserves consideration of our trainees', who hope to improve their professional abilities and employment competitiveness. Taking this exam makes me conclude that a good certificate and standards require three conditions: 1. the knowledge system is complete, and point of view is neutral and unbiased; 2. certification developers have profound practical experience, so that people who obtain the certificate can apply their knowledge to practice; 3. follow-up education and mechanisms to encourage information exchange are provided. PRMIA and PECC have achieved this goal."
- Zhao Bingshen, Senior Trainer of Jilin L&H Financial Consulting Co., Ltd
For more information on the exams in China, please contact Ms. Alloy Lara, Chief Executive Officer of PECC (contact details below) or PRMIA's Greater China Education Director in Beijing, Mr. Guo Jun on guo.jun@prmia.org or +86 13 1202 78568.
PECC is an affiliated company of the TEHUA Finance & Economic Research Institute (FERI) and was set up for the execution of this exam and training programme and benefits from the facilities FERI and its sister company, the TEHUA Post-Doctoral Research Station, and other Chinese academic institutions. Through this support, PECC benefits from training and testing centres in more than 40 Chinese cities and a finance faculty of 30 which is currently educating 4,500 finance students and professionals a year in China.
PRMIA is a non-profit, member-led association of professionals, dedicated to advancing the standards of the profession worldwide through the exchange of ideas, professional standards and education. Formed in 2002, PRMIA now has more than 68,000 members from 198 countries and operates over 60 local chapters around the world. PRMIA offers a higher standard for risk professionals and works with universities and training organizations to provide educational resources from the cradle to the pinnacle of risk professionals' careers. PRMIA has recently established chapters in Beijing and Shanghai. More information can be found at www.prmia.org.
For a version of this announcement in Chinese, click here.
Posted by PRMIA_Marketing at May 12, 2010 10:25 AM
Post a comment
