What is the Market, Liquidity and Asset Liability Risk Management (MLARM) Certificate?
Overview
Market, Liquidity and Asset Liability Risk Management may seem like an odd combination; however, in some of their original underlying areas and through the outcome of the recent financial crisis, they have become much more closely aligned. Both Market Risk and Asset Liability Risk Management have interest rate risk as one of their underlying elements, and Asset Liability Risk Management provides a mechanism to align these areas.
The MLARM Certificate is relevant to all risk-related roles in financial services, in particular Market Risk Staff, Treasury Staff, Financial Controllers and those managing the balance sheet, Technology Managers, and Compliance and Legal Officers. Also, a grounding in Market, Liquidity and Asset Liability Risk Management techniques is becoming increasingly important for front line staff, both from a process perspective in their dealings with clients and market counterparts. Passing the MLARM exam will demonstrate essential knowledge of these core topics:
Market Risk Introduction
Market Risk Governance and Management
Market Risk in the Trading Books: Business-Specific Context
Market Risk Measurement
Market Risk Stress Testing Beyond the VaR Threshold
Commodities Market Risk Management
Asset Liability Risk Management and Recent Crises
An Introduction to Asset Liability Risk Management
Interest Rate Risk
Liquidity Risk
Balance Sheet Management
Bank Funds Transfer Pricing (FTP)
MLARM Case Studies
Who holds the MLARM Certificate?
PRMIA Certifications Public Directory - access a list of risk professionals holding the MLARM Certificate from 2016 onward.