Last Updated: Oct 13, 2026
No. of Questions: 359 Questions & Answers with Testing Engine
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Nerves are a normal part of preparation, and calm comes from structure: the PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition bank at SurePassExams is organized to steady you — verified answers, a clear study path, and support staff whose job is to lower your stress, not add to it.
| Certification Vendor: | Professional Risk Managers' International Association (PRMIA) |
|---|---|
| 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: | PRM certification validity requires passing both required exams within 2 years |
| Exam Duration: | 120 minutes |
| Real Exam Qty: | Approx. 60 (multiple choice format) |
| Exam Price: | Vendor member / non-member pricing varies; exam authorisation included in PRM programme fee managed via PRMIA/Pearson VUE |
| Related Certifications: | PRM Certification - Exam I (Finance Theory, Financial Instruments, Financial Markets) PRM Certification - Exam IV (Case Studies; Governance, Best Practices and Ethics) PRM Certification - Exam II (Mathematical Foundations of Risk Management) |
| Passing Score: | 60% |
| Available Languages: | English |
| Exam Format: | Multiple Choice Questions |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Computer-based testing via Pearson VUE at testing centres or online proctoring. |
| Pre Condition: | Must be enrolled in the PRM certification programme; meeting PRMIA experience/education prerequisites per PRM designation requirements. |
| Official Syllabus URL: | https://prmia.org/Public/Public/PRM/PRM_Exam_Preparation_Resources.aspx |
| Section | Objectives |
|---|---|
| Asset-Liability Management (ALM) | - Liquidity and Funding Risk Management - Interest Rate Risk in the Banking Book |
| Funds Transfer Pricing (FTP) | - FTP Framework and Methodologies - FTP Implementation and Governance |
| Counterparty Risk | - Pre-Settlement and Settlement Risk - Counterparty Exposure and Collateral Management |
| Risk Management Frameworks | - Governance and Risk Culture - Enterprise Risk Management Principles |
| Credit Risk | - Credit Risk Mitigation and Management - Credit Risk Analysis and Measurement |
| Operational Risk | - Operational Risk Identification and Assessment - Operational Risk Measurement and Controls |
| Market Risk | - Market Risk Models and VAR - Market Risk Measurement Techniques |
There are two bonds in a portfolio, each with a market value of $50m. The probability of default of the two bonds over a one year horizon are 0.03 and 0.08 respectively. If the default correlation is zero, what is the one year expected loss on this portfolio?
Correct Answer: D 🗳️
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If the systematic VaR for an equity portfolio is $100 and the specific VaR is $80, then which of the following is true in relation to the total VaR:
Correct Answer: D 🗳️
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The principle underlying the contingent claims approach to measuring credit risk equates the cost of eliminating credit risk for a firm to be equal to:
Correct Answer: A 🗳️
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All else remaining the same, an increase in the joint probability of default between two obligors causes the default correlation between the two to:
Correct Answer: B 🗳️
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The Options Theoretic approach to calculating economic capital considers the value of capital as being equivalent to a call option with a strike price equal to:
Correct Answer: C 🗳️
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