Great 8008 real exam questions from VerifiedDumps.
Relevance beats volume every time — the VerifiedDumps team refreshes the PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition bank with realistic question styles, removes outdated items, and prioritizes coverage and accuracy over sheer numbers.
| Certification Vendor: | PRMIA (Professional Risk Managers' International Association) |
|---|---|
| Exam Name: | PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition |
| Exam Number: | 8008 |
| Certificate Validity Period: | 2 years (exam credit); Certification valid with annual membership & continuing education |
| Related Certifications: | ORM Certificate PRM Certification Exams I, II, IV Credit & Counterparty Risk Manager Certificate |
| Available Languages: | English |
| Exam Price: | $225 USD (Members), $350 USD (Non-Members) |
| Passing Score: | 60% |
| Exam Duration: | 120 minutes |
| Exam Format: | Multiple-choice questions, Computer-based |
| Real Exam Qty: | 80 |
| Recommended Training: | PRMIA Self-Study Courses PRMIA Official Study Guide & Handbook |
| Exam Registration: | Pearson VUE Scheduling PRMIA Official Exam Registration |
| Sample Questions: | ![]() |
| Exam Way: | Computer-based testing at Pearson VUE/Prometric centers or online proctored |
| Pre Condition: | PRMIA membership required; no mandatory exam prerequisites; recommended: relevant finance/risk knowledge or professional experience |
| Official Syllabus URL: | https://www.prmia.org/exam-8008 |
| Section | Weight | Objectives |
|---|---|---|
| Market Risk | 15% | - Interest Rate, Equity, FX & Commodity Risk - Value-at-Risk (VaR) & Stress Testing - Regulatory Capital for Market Risk - Market Risk Factors & Drivers |
| Credit Risk | 20% | - Credit Risk Concepts - Exposure & Probability of Default - Credit Risk Modeling & Capital Calculation - Loss Given Default & Credit Valuation Adjustment |
| Operational Risk | 20% | - Risk Identification & Assessment - Definition & Scope - Control & Mitigation Techniques - Capital Requirements & Advanced Measurement Approaches |
| Counterparty Risk | 15% | - Credit Value Adjustment (CVA) & Wrong-way Risk - Potential Future Exposure - Netting, Collateral & Margining - Counterparty Credit Risk Fundamentals |
| Risk Management Frameworks | 20% | - Risk Measurement Methodologies - Regulatory Frameworks & Basel Accords - Risk Governance & Culture - Enterprise Risk Management Principles |
| ALM & FTP | 10% | - Liquidity Risk Management - Asset-Liability Management Principles - Funds Transfer Pricing Methodology & Application - Interest Rate Risk in the Banking Book |
Pick underlying risk factors for a position in an equity index option:
I. Spot value for the index
II. Risk free interest rate
III. Volatility of the underlying
IV. Strike price for the option
Correct Answer: B 🗳️
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Once the frequency and severity distributions for loss events have been determined, which of the following is an accurate description of the process to determine a full loss distribution for operational risk?
Correct Answer: C 🗳️
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A loan portfolio's full notional value is $100, and its value in a worst case scenario at the 99% level of confidence is $65. Expected losses on the portfolio are estimated at 10%. What is the level of economic capital required to cushion unexpected losses?
Correct Answer: B 🗳️
Explanation: Only visible for VerifiedDumps members. You can sign-up / login (it's free).
The unexpected loss for a credit portfolio at a given VaR estimate is defined as:
Correct Answer: A 🗳️
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In the case of historical volatility weighted VaR, a higher current volatility when compared to historical volatility:
Correct Answer: A 🗳️
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