Important Updates to the PRM Program 2015

[Anonymous]

Hi everyone,

I’ve learned about new changes to PRMIA exams,

This year’s significant updates include:

* New study materials, PRM Candidate Guidebook, Exam Guides, and online study program
* New exam with updated questions including coverage of timely and critical topics such as Operational Risk, Credit and Counterparty Credit Risk, Liquidity Risk Management, Asset Liability Management and Funds Transfer Pricing
* New program requirements, including continuing education and membership

Updated Study and Training Materials
In March 2015 PRMIA will release The Professional Risk Managers’ Handbook Series, Second Edition. Volumes I and II are undergoing an update in order to include the latest developments in the risk management space, while Volume III is being replaced with a brand new 3-part publication.

A new interactive online study program is currently in development and will be available within a few months after the new Handbook has been rolled out. More details will be available closer to the launch of the new syllabus.

In addition, PRMIA will make available a new PRM Candidate Guidebook and Exam Guides for candidates studying for the exam.

Updated Exam
Beginning with the 2nd exam testing window of 2015, running from May 25 – June 13, candidates will have the option of taking a new exam that is based on the updated curriculum presented in The Professional Risk Managers’ Handbook Series, Second Edition. Further details regarding exam registration will be provided closer to the time of the launch.

CURRENT candidates will have the opportunity to complete the PRM Program based on the current syllabus until December 19, 2015.

NEW Candidates that enroll in the program after the launch of the new curriculum will be required to test based on the new curriculum starting May 2015.

New Program Requirements
All NEW candidates who enroll in the PRM Program after the launch of the new curriculum will have two new requirements to ensure their ongoing commitment to keeping their knowledge base current.

The PRM Continuing Risk Learning (CRL) program requires PRM holders to complete 20 CRL ongoing education credits each calendar year, starting with the year immediately after they have obtained their PRM designation. PRMIA will offer opportunities throughout the year to obtain these credits, such as webinars, training courses, event presentations, and articles.
PRM holders must maintain a PRMIA Sustaining membership each year, starting with the year they obtain their PRM designation. This membership will provide them with access to the CRL opportunities, in addition to numerous other benefits.

If a member fails to submit CRL credits or fails to maintain a Sustaining membership, their PRM Designation will lapse. If the designation lapses for more than three years in a row, the candidate will need to re-write the PRM exam in order to re-achieve the PRM title.

The CRL Program will be open to all current PRM Holders, and all current candidates are encouraged to join the program. All current PRM Holders and current candidates will be “grandfathered in” and will be exempt from these two new requirements.

View more details on these updates. Please contact certification@prmia.org with any questions.

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