Professional Risk Manager (PRM) Certification: Level 4

Authorized by PRMIA, EduPristine's PRM Training will help you "Build an Awesome Career in Risk Management"
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Instructed by EduPristine Inc Business / Finance
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  • Lectures 17
  • Contents Video: 7.5 hours
    Other: 31 mins
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
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About This Course

Published 7/2013 English

Course Description

Why Professional Risk Manager?

If you are looking for a lucrative finance career in Risk Consultancy Firms, Banks, Insurance companies, Asset Management, Hedge funds, Investment banks etc., then PRM (Professional Risk Manager) is the right catch for you.

PRM is a professional designation awarded by the PRMIA to Professional Risk Managers (PRM) who passes their four online exams.

PRM-IV Curriculum focuses on providing knowledge and understanding of:

  • Case Studies on Risk Management
  • Standards of Best Practice: Group of 30 Best Practices in Risk Management
  • Conduct & Ethics of Risk Management
  • PRMIA Governance Principles & PRMIA Bylaws

Professional Recognition & Job Satisfaction

  • A PRM Charter can improve job opportunities, professional reputation & pay. 
  • Types of Businesses that hire PRMs include: Risk Consultancy Firms, Banks, Insurance Companies, Asset Management, Hedge Funds, Investment Banks etc.

How to update your CV with Professional Risk Management Skills?

After qualifying Professional Risk Manager Exam, you can add heavy duty terms in your resume like "Risk Management", "Basel-I, II, III",  "Interest Rate Risk ", "Risk Metrics", “Financial Econometrics” etc, which will surely diversify your professional reach.

EduPristine's PRM Training Program- Unique Offerings:

  • 17+ Lectures covering all topics of PRM-IV in depth
  • Comprehensive Study Material for easy learning experience
  • 150 Topic wise quiz questions with explanatory answers
  • 2 Mock Tests
  • 24x7 Access to Discussion Forums to interact with faculty & fellow students 
  • One-to-one doubt clearing session for all participants
  • Comprehensive reading material for all topics

Why EduPristine's PRM Training Program??

  • One of the leading International Training Provider for Risk Managament Courses.
  • Get trained by highly proficient Risk Management Experts
  • Indepth Training to make you the best Risk Management Professional in Town
  • Complimentary access to Live Webinars on Risk Management

Website: http://www.edupristine.com/ca/courses/professional-risk-manager/

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Twitter:https://twitter.com/edupristine

Blogs:http://www.edupristine.com/blog/

What are the requirements?

  • The only prerequisite to attempting the PRM exams is membership in PRMIA. Passing all four exams leads to the PRM designation.

What am I going to get from this course?

  • Course Objective is to help participants successfully pass the PRM Exam - IV
  • Lucrative career options in Risk Management, Trading, Structuring, Modeling, etc. PRM holders have positions such as Chief Risk Officer, Senior Risk Analyst, Head of Operational Risk, and Director, Investment Risk Management, to name a few.
  • Strong value addition to your skills, credentials and resume
  • Complete coverage of risk management concepts
  • Globally recognized professional certification for banking and finance professionals by PRMIA (Professional Risk Managers' International Association)

What is the target audience?

  • This program is suitable for Bankers, IT professionals, Analytics and Finance professionals with an interest in risk management.
  • It is also beneficial for Btech, MBA, Finance graduates who are interested in financial risk management career.

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction PRM-IV
03:24

This is the introductory video for PRM-IV which talks about the topics covered under this course.

These topics are as follows:

·  Barings Case Study

·  National Australia Bank – FX Options Case Study

·  Bankgesellschaft Berlin Case Study

·  Taisei Fire and Marine Insurance Co. Case Study

·  Washington Mutual Case Study

·  Fannie Mae and Freddie Mac Case Study

·  LTCM Case Study

·  Bankers Trust Case Study

·  Orange County Case Study

·  Northern Rock Case Study

·  Metallgesellschaft Case Study

·  Worldcom Case Study

·  China Aviation Oil Case Study

·  Standards of Best Practice, Conduct and Ethics, and PRMIA Governance

Section 2: Case Study pdf
31 pages
This lecture contains course material in pdf file related to this course. 
Section 3: Case Studies
17:21

This case study talks about the “Report of the Board of Banking Supervision Inquiry into the Circumstances of the Collapse of Barings, 18 July 1995.” This lecture:

·  Describes how the massive losses were incurred and why the true position was not noticed earlier

·  Describes the role of the External Auditors and the supervision done by the Bank of England

·  Describes the role of The Securities And Futures Authority (SFA, now known as the Financial Services Authority, the FSA)

·  Describes the Lessons learnt from the Barings Case Study

22:36

This case study discusses: “Investigation into foreign exchange losses at the National Australia Bank, 12 March 2004.” 

This lecture:

·  Describes the sequence of events and trading activities that led to the losses

·  Describes the analysis of the losses and how they occurred, with an initial focus on foreign currency option transactions

·  Describes the key policies, procedures, systems and control failures within the foreign currency options trading business responsible for the losses

·  Discusses the events leading up to the losses, the risks incurred and the Mitigation processes described

25:33

This case study explains the losses incurred at Bankgesellschaft Berlin, one of Germany’s 10 largest banks in summer 2001. 

This lecture:

·  Describes the Timeline of Events and the lessons learnt

·  Describes how property-based funds carried unforeseen and uncovered risks

·  Discusses the events leading up to the losses, the risks incurred and the Mitigation processes described

17:52

This case talks about the events leading up to the bankruptcy of Taisei Fire and Marine Insurance Co. (“TFMI”) with losses of US$2.5 billion. 

This lecture:

·  Describes how events of the 9/11 World Trade terrorist attack brought about massive reinsurance losses - US2.5 billion – when they thought they were fully covered

·  Differentiates between ‘full’ and ‘finite’ reinsurance cover

·  Discusses potential mitigation measures which would have avoided or lessened the losses, the need for stress and scenario testing for the low-frequency-high impact incidences

17:23

This case study explains how in September 2008 Washington Mutual - due to a strategy of low lending standards and bad quality acquisitions - was seized by the US regulators. 

This lecture:

·  Describes how the bank’s acquisition of Long Beach Financial i1999, and Providian in 2005 – both forays into sub-prime lending

·  Describes the effect and dependency of FHLB funding

·  Characterizes the deteriorating effect on earnings that substantially increased provisions and net charge-offs would have

·  Identifies the events of 2007/8 which contributed significantly to the seizure of the bank by federal authorities

21:26

This case gives details about the day-to-day workings of two of the largest US financial intermediaries in the asset backed security business, and the events leading up to their bailout by the US Government in 2008. 

This lecture:

·  Describes how the intervention of politicians, and the creativity of banks in selling to sub-prime lenders, overwhelmed the capabilities of both organizations, and derailed what was essentially a viable and valuable business model

·  Describes how the computer models were ineffective in stress testing the multiplicity of variable repayment and interest plans initially sold to sub-prime lenders

28:26

This case talks about the collapse of hedge fund, Long-Term Capital Management. 

This lecture:

·  Describes the events that led to the collapse of LTCM and the lessons learnt

·  Describes how UBS made a loss due to LTCM

·  Discusses the events leading up to the losses, the risks incurred and the mitigation processes described

13:55

This case give details about the losses and loss of reputation at Bankers Trust (BT) in 1994 after it was sued by four of its major clients. 

This lecture:

·  Describes the Timeline of Events and the lessons learnt

·  Discusses the events leading up to the losses, the risks incurred and the mitigation processes described

             
19:24

This case focuses on the bankruptcy of Orange County, US in December 1994 after suffering losses of $1.6 billion from a wrong-way bet on interest rates. This lecture:

·  Describes the Timeline of Events and the lessons learnt

·  Discusses the events leading up to the losses, the risks incurred and the mitigation processes described

21:46

This case deals with the events leading up to the first run on a UK bank since 1866 – that of Northern Rock in August 2007. 

This lecture:

·  Describes the Timeline of Events and how the bank’s business model was a significant contributory factor in the crisis

·  Describes the multi-dimensional (co-variance) risk problems of Northern Rock

·  Explains Reputational Risk, and the difference between Solvency and Liquidity

·  Discusses the role of the regulator, and Bank of England

·  Discusses the events leading up to the losses, the risks incurred, the eventual UK government rescue operation, and the mitigation process described

20:59

This case talks about the losses of approximately $1.5 billion made by the "Energy Group" of Metallgesellschaft AG in December, 1993. 

This lecture:

·  Describes the trading strategies employed by the conglomerate and how proper supervision could have averted disaster

·  Describes how similar financial crises may be avoided in the future

·  Discusses the events leading up to the losses, the risks incurred and the Mitigation processes described

16:48

This case study focuses on the collapse of WorldCom in 2002 due to accounting fraud. 

This lecture:

·  Describes the Timeline of Events and the lessons learnt

·  Discusses the events leading up to the losses, the risks incurred and the mitigation processes described

22:56

This case study focuses on the losses (US$550 million) incurred by China Aviation Oil (Singapore) (“CAO”)in 2004 due to a combination of trading losses in oil futures being misreported in a period of transition between accounting regulations. 

This lecture:

·  Describes how the absence of corporate risk management objectives, policies and reporting, lead to the losses and how proper supervision could have averted the losses

·  Discusses the events leading up to the losses, the risks incurred and the Mitigation processes described

Describes how the difference in the accounting requirements of IFRS and IAS 39 lead to the misreporting of the losses
Section 4: PRMIA Standards of Best of Practice, Conduct and Ethics
02:56:38

This lecture talks about the Group of Thirty Best practices, PRMIA governance Principles, PRMIA standards of Best practice, conduct & Ethics and PRMIA Bylaws. 

This lecture:

·  Describes the Recommendations made by the Study Group

·  Lists the Principles of Corporate Governance

·  Describes the applications of the Principles, the Purpose of Professional Standards, the Guidance on Best Practices, the Guidance on Professional Conduct and the Guidance on Ethical Behavior

·  Describe Articles of PRMIA Bylaws

Section 5: Conclusion PRM-IV
Conclusion PRM-IV
10:24
Section 6: PRM-IV : QUIZ
PRM-IV : QUIZ
10 questions

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Instructor Biography

EduPristine Inc, Leading International Finance Training Provider

Trusted by Fortune 500 Companies and 10,000 Students from 40+ countries across the globe, EduPristine is one of the leading International Training providers for Finance Certifications like FRM®, CFA®, PRM®, Business Analytics, HR Analytics, Financial Modeling, Operational Risk Modeling etc. It was founded by industry professionals who have worked in the area of investment banking and private equity in organizations such as Goldman Sachs, Crisil - A Standard & Poors Company, Standard Chartered and Accenture. EduPristine has conducted corporate training for various leading corporations and colleges like JP Morgan, Bank of America, Ernst & Young, Accenture, HSBC, IIM C, NUS Singapore etc. EduPristine has conducted more than 500,000 man-hours of quality training in finance.

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