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PRMIA 8009 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Ethics in Risk Management | - Professional ethics and conduct standards - Conflict of interest management - Ethical decision-making in financial risk scenarios |
| Topic 2: Best Practices in Risk Management | - Risk identification and assessment processes - Enterprise risk management implementation - Risk monitoring and reporting |
| Topic 3: Governance | - Corporate governance structures - Board responsibilities and oversight - Internal controls and compliance systems |
| Topic 4: Risk Management Standards | - Global risk management frameworks - Regulatory and industry standards |
PRMIA Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition Sample Questions:
The multi-dimensional risk problem at Northern Rock did not include which one of the combinations of the following?
- A. Business Model; Corporate Governance; Moral Hazard; and Deposit Protection
- B. Corporate Governance; Moral Hazard; Role of Government; and Credit Risk
- C. Deposit Protection; Moral Hazard; Business Model; and LPHI Risk
- D. LPHI Risk; Business Model; Solvency vs. Liquidity: and Deposit Protection
Correct Answer: B 🗳️
When supervising others, a PRMIA member must comply with
- A. the standards of the organization where the work is being performed
- B. PRMIA Standards
- C. his / her established personal standards of work approved in previous work situations
- D. local regulatory authority standards which may be less onerous than PRMIA standards
Correct Answer: B 🗳️
Up until 2006, which of the following was not a primary driver for Washington Mutual's earning?
- A. The provision of fee based services to its customers.
- B. Lending to consumers and small businesses.
- C. Deposit taking activities which generated net interest income.
- D. Complex derivative trades based on volatility indices.
Correct Answer: D 🗳️
According to the Group of 30 Report, important risks associated with dynamic hedging are:
- A. Sudden gaps in market prices
- B. Both A and B
- C. Greater volatility than expected over the life of an option
- D. Neither A nor B
Correct Answer: B 🗳️
PRMIA is incorporated as:
- A. A non-profit corporation
- B. A non profit corporation with for profit subsidiaries
- C. A charitable trust
- D. A for-profit corporation
Correct Answer: A 🗳️








