Associate PRM Certificate Exam Prep

Gain the confidence you need to prepare for the Associate PRM Certificate Exam.
In today’s volatile financial market, the need for risk management knowledge and understanding at all levels of management is critical. Now more than ever before, it is essential to understand the multiple dimensions of risk as well as how to best manage risk to gain a competitive advantage. The Associate PRM Certificate is designed to be mathematically and theoretically less detailed than the Professional Risk Manager (PRM) certification. This program covers 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. 

Upon successful completion of this course, participants will be able to:

• Understand corporate governance, compliance, and risk management
• Implement integrated risk management
• Know how to measure, manage, and hedge market, credit (retail and corporate) and operational risk
• Define the roles of board members and senior management in managing risk

 
Your purchase of this virtual course includes access to all lectures and case studies, presented by Dr. Robert Mark, for 90 days. Copies of presentations, practice questions, and suggested readings, are included.  Book Excerpts, Case Studies and Standards are available on the PRMIA website. This is a self-directed course.  

The Associate PRM Certificate Exam Prep course is based on the book, The Essentials of Risk Management, Second Edition.   The book is not included in the course and requires a separate purchase.  

Important Information

• A separate purchase of the book, The Essentials of Risk Management is strongly recommended, but not required. It is ranked as the best book on risk management to read in 2023 by Wall Street Mojo.
• Course access available for 90 days from December 30, 2022 or date of purchase, whichever is later.
• Lessons launch each week as described below.

 Lesson 1 
 December 30, 2022

Overview, Corporate Risk Management and the Theory of Risk and Return

 Lesson 2
 January 6, 2023

 Governance in Risk Management and PRMIA Standards

 Lesson 3
 January 13, 2023

 An introduction of Financial Markets

 Lesson 4
 January 20, 2023

 Interest Rate Risk and Hedging

 Lesson 5
 January 27, 2023

 Market Risk and Asset-Liability Management

 Lesson 6
 February 3, 2023

 Retail and Commercial Risk Management

 Lesson 7
 February 10, 2023

 Operational Risk and Performance Measures

 Case Studies and Derivatives Best Practice

This is a course designed for:

• Associate PRM Certificate Exam Candidates Professionals with 1-5 years of experience in risk management
• Team members who interface with risk management disciplines on a regular basis, such as auditing, accounting, legal, and systems development personnel.
• Anyone interested in the foundations of risk management methods and practices

Dr. Robert M. Mark
Dr. Mark is a Managing Partner of Black Diamond Risk Enterprises, which provides corporate governance, risk management consulting, risk software tools and transaction services. He is also the Founding Executive Director of the Masters of Financial Engineering Program at the UCLA Anderson School of Management.  Dr. Mark was awarded the Financial Risk Manager of the Year by the Global Association of Risk Professionals (GARP) and is co-founder of the Professional Risk Managers’ International Association (PRMIA).

Dr. Mark serves on several boards. Prior to his current position, he was the Senior Executive Vice-President and Chief Risk Officer (CRO) at the Canadian Imperial Bank of Commerce (CIBC).  He was a member of the Management Committee and was also responsible for the Corporate Treasury function.  His global responsibility covered all credit, market, and operating risks for all of CIBC as well as for its subsidiaries.

Dr. Mark earned his Ph.D. in applied math from New York University, Graduate School of Engineering and Science, graduating first in his class.  Subsequently, he received an Advanced Professional Certificate (APC) in accounting from NYU, Stern Graduate School of Business, and is a graduate of the Harvard Business School Advanced Management Program.  He is an Adjunct Professor and co-author of Risk Management (McGraw-Hill), published in 2001 as well as a co–author of The Essentials of Risk Management (McGraw Hill) published in 2006; 2nd Edition published in 2014. Dr. Mark was a Risk Advisory Director at Entergy, served on the boards of ISDA, Royal Conservatory, Fields Institute for Research in Mathematical Sciences, IBM’s Deep Computing Institute, and PRMIA, as well as the Chairperson of the National Asset/Liability Management Association (NALMA).