The 8008 exam has a reputation for tripping up even experienced professionals, and the PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition blueprint keeps getting broader. Rather than guessing what matters, work through the 359 practice questions PracticeVCE has built around the current exam and walk in knowing the format cold.
PRMIA 8008 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Counterparty Risk | - Pre-Settlement and Settlement Risk - Counterparty Exposure and Collateral Management |
| Market Risk | - Market Risk Measurement Techniques - Market Risk Models and VAR |
| Risk Management Frameworks | - Enterprise Risk Management Principles - Governance and Risk Culture |
| Asset-Liability Management (ALM) | - Interest Rate Risk in the Banking Book - Liquidity and Funding Risk Management |
| Operational Risk | - Operational Risk Measurement and Controls - Operational Risk Identification and Assessment |
| Credit Risk | - Credit Risk Mitigation and Management - Credit Risk Analysis and Measurement |
| Funds Transfer Pricing (FTP) | - FTP Framework and Methodologies - FTP Implementation and Governance |
PRMIA 8008 Exam: Everything You Wanted to Ask
The 8008 exam is the official PRMIA exam for PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition. Passing it earns you the PRM Certification credential, which sits at the Professional Risk Manager (PRM) – Part of PRM exam sequence level. It is also connected to PRM Certification - Exam I (Finance Theory, Financial Instruments, Financial Markets), PRM Certification - Exam II (Mathematical Foundations of Risk Management), PRM Certification - Exam IV (Case Studies; Governance, Best Practices and Ethics), so what you learn carries over if you plan to pursue those paths as well. Employers treat the certification as verified proof of skill, which is why structured preparation with PracticeVCE's practice questions pays off.
The 8008 exam contains Approx. 60 (multiple choice format) questions, and the time limit is 120 minutes. Translate that into a pacing plan before exam day: know roughly how long you can afford per item, flag anything that stalls you, and circle back at the end instead of burning minutes. Two or three full timed sessions in PracticeVCE's test engine will teach you that rhythm far better than untimed reading ever will.
The passing score for the 8008 exam is 60%, and the official registration fee is Vendor member / non-member pricing varies; exam authorisation included in PRM programme fee managed via PRMIA/Pearson VUE. Remember that a failed attempt means paying that fee again in full for a retake, so treat self-assessment as part of the budget: run PracticeVCE's practice questions under timed conditions and only book your seat once your scores sit comfortably above the passing bar.
Must be enrolled in the PRM certification programme; meeting PRMIA experience/education prerequisites per PRM designation requirements. Eligibility details can change, so before you register, confirm the current requirements on the official exam page: https://prmia.org/Public/Public/PRM/PRM_Exam_Preparation_Resources.aspx.
Yes. PracticeVCE offers a free PDF demo of the PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition practice questions on the samples page, so you can judge the format and quality yourself before paying anything. Every purchase also includes 365 days of free updates, and after the product expires you can extend the update service at a 50% discount from within your member zone.
If you take the corresponding exam within 60 days of purchase and do not pass, PracticeVCE backs you with a 100% money-back guarantee. To claim it, submit a scanned copy of your exam enrollment slip together with your official Score Report PDF within 2 days of the exam, and the refund is processed within 7 days. The guarantee does not apply to attempts made within the first 3 days after purchase, to products downloaded without actually sitting the exam, or to free materials and expired orders, and the candidate name must match the payer's name. If you would rather have study material than money, you can instead exchange for two additional exam products of equal value, free of charge, while keeping the update service on your original purchase. Delivery itself is instant: your download is available right after payment and a copy reaches your mailbox within one minute — if nothing arrives within 2 hours, contact customer service. You may install the product on as many computers as you need.
The official PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition blueprint is organized into 7 domains. The leading areas are:
- Operational Risk
- Asset-Liability Management (ALM)
- Risk Management Frameworks
For the complete domain-by-domain breakdown with every subtopic, see the Exam Topics outline above.
PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition Sample Questions:
Which of the following is a most complete measure of the liquidity gap facing a firm?
- A. Cumulative liquidity gap
- B. Liquidity at Risk
- C. Residual liquidity gap
- D. Marginal liquidity gap
Correct Answer: C 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
Which of the following is not an approach used for stress testing:
- A. Monte Carlo simulation
- B. Hypothetical scenarios
- C. Algorithmic approaches
- D. Historical scenarios
Correct Answer: A 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
The standalone economic capital estimates for the three uncorrelated business units of a bank are $100, $200 and $150 respectively. What is the combined economic capital for the bank?
- A. 72500
- B. 21
- C. 450
- D. 269
Correct Answer: D 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
For a US based investor, what is the 10-day value-at risk at the 95% confidence level of a long spot position of EUR 15m, where the volatility of the underlying exchange rate is 16% annually. The current spot rate for EUR is 1.5. (Assume 250 trading days in a year).
- A. 1184400
- B. 2632000
- C. 526400
- D. 5922000
Correct Answer: A 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
According to the Basel II standard, which of the following conditions must be satisfied before a bank can use
'mark-to-model' for securities in its trading book?
I. Marking-to-market is not possible
II. Market inputs for the model should be sourced in line with market prices III. The model should have been created by the front office IV. The model should be subject to periodic review to determine the accuracy of its performance
- A. I, II, III and IV
- B. II and III
- C. I, II and IV
- D. III and IV
Correct Answer: C 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
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