Professional Risk Manager

The Professional Risk Manager (PRM™) designation is an international professional certification offered by the Professional Risk Managers' International Association (PRMIA). To be awarded the PRM™ designation, candidates must complete four examinations that cover the major topics in financial risk management.
The PRM™ is one of the leading certifications for risk managers, competing with the Financial Risk Manager (FRM) certification offered by the Global Association of Risk Professionals. The main distinction among the Professional Risk Managers' International Association and the Global Association of Risk Professionals is that the former is a Nonprofit organization, while the second is not. The Professional Risk Managers' International Association were created after the so-called "GARP scandal".
The Professional Risk Managers' International Association
The Professional Risk Managers' International Association, established in 2002, is a non-profit professional association, governed by a Board of Directors directly elected by its global membership, of more than 79,431 members in 201 countries. PRMIA is represented globally by 60 chapters in major cities around the world, led by Regional Directors appointed by PRMIA's Board.
PRM certification requirements
The requirements for becoming certified as a Professional Risk Manager include passing scores on each of the four exams and membership in PRMIA.
The four exams are computer-based and the questions are all multiple choice. The complete PRM exam consists of 120 questions:
* Exam I: Finance Theory, Financial Instruments and Markets (36 questions - 120 minutes)
* Exam II: Mathematical Foundations of Risk Measurement (24 questions - 120 minutes)
* Exam III: Risk Management Practices (36 questions - 90 minutes)
* Exam IV: Case Studies, PRMIA Standards of Best Practice, Conduct and Ethics, Bylaws (24 questions - 60 minutes).

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