The Professional Risk Manager designation is a globally endorsed certification programme for financial risk managers. Candidates who successfully complete the examinations set by the Professional Risk Manager International Association (‘PRMIA’) are permitted to use the designation PRM™.

PRM™ Syllabus Overview

Exam I - Finance Theory, Financial Instruments and Markets
Exam II - Mathematical Foundations of Risk Measurement
Exam III - Risk Management Practices
Exam IV - Case studies, PRMIA Standards of Best Practice, Conduct and Ethics, Bylaws

The PRM™ Exam

The PRM™ exam comprises four separate papers, reflecting the four modules of the syllabus. The exams are in a multiple choice format, and can be taken on weekdays at a number of testing centres in most major cities; exam bookings can normally be scheduled with 72 hours notice. Please note that all four exams have to be passed within a two-year period in order for candidates to achieve the PRM™ designation.

Eligibility Criteria

It is a requirement that candidates are members of PRMIA. Membership is free, and registration details can be found at www.prmia.org. While there are no formal entry requirements for this programme, candidates with no prior knowledge of tertiary level mathematics will need to devote extra time to study Exam II.

The Peter Skerritt & Associates Programme

This distance-learning programme has been developed in conjunction with Dr. Graeme West of Financial Modelling Agency. A well-known figure in the world of quantitative finance, Graeme has previously been awarded the PRM™ Award of Merit for outstanding results achieved in the examinations.


The programme is available on a continuous basis, and is scheduled to run over a fourteen month period from time of commencement; it comprises the following important features: -

PRM Handbook

Candidates are required to work through designated sections of the PRM Handbook as provided by PRMIA. Where necessary, candidates are supplied with additional learning materials throughout the programme.

Study Guide

Candidates are supplied with a detailed Study Guide that will explain the mechanics of the programme as well as other important information.

Assessment Tests

Candidates are required to complete regular assessment tests for review by our faculty members. These assessments comprise a number of multiple choice questions based on the format and level of complexity of the real exam. The tests are completed online with immediate detailed feedback and model answers.

E-Mail Help Facility

Candidates can contact our faculty at any time via e-mail with queries related to the syllabus or assessments.

Mock Exams

Candidates are required to complete two mock exams prior to taking each of the real exams. These exams reflect the precise duration and level of difficulty of the real exams, and candidates will receive detailed feedback concerning their performance.

Exam Registration and Scheduling

Our administration team will advise on registration and scheduling of exams.

Cost

The cost of the programme is USD 1,350 per candidate. VAT at 14% will be levied on this fee for South African candidates, as required by law.

N.B. please note that this fee does not include the cost of the PRM™ Handbook and exam fees.