The Professional Risk Manager Exam Handbook

Risk management is no longer merely a passive cost-center in financial and non-financial organizations. Regulators, shareholders, executive management and investors look to risk managers for advice on risk budgeting. Since the financial crisis erupted in 2007, risk managers are expected more than before to make a thorough internal assessment of their organization's risk management frameworks and advise the board of directors and investors on their findings. Through its Professional Risk Manager (PRM) examination and qualification, the Professional Risk Managers' International Association (PRMIA) offers an outstanding tool of education for risk managers at all institutions. To be awarded the PRM designation, candidates must successfully pass four exams.

The Professional Risk Manager (PRM) Exam Handbook - Exam 1 covers the Learning Outcome Statements (LOSs) issued by PRMIA for Exam 1. The topics dealt with in this exam are: finance theory, financial instruments and financial markets.Due to the limited number of study manuals available for the PRM exams, candidates have previously had to rely on a wide range of resources on finance and financial instruments to learn the information they need. This approach is time-consuming and does not leave the candidate feeling confident about their readiness for the exams.

The Professional Risk Manager (PRM) Exam Handbook is designed to address this problem and help PRM candidates prepare for the PRM exams. The intention is to remove the need to refer to many different reference works and to make the obscure concepts comprehensible. The Handbook has been designed to cover everything you will need to know for PRM Exam 1. Information is presented in a clear, organized way, and demand very little previous knowledge of risk and finance. PRM candidates coming from a non-financial background should face no difficulty using this book as a reference to the intricacies of financial markets and risk management.

About the Author

Jaffar Mohammed Ahmed is a professional trainer, lecturer and consultant. Jaffar is the General Manager at JMA Business Consulting & Financial Learning. Jaffar's consulting services focus on instilling international best practices in risk management, Basel Accords implementation, compliance and corporate governance in financial institutions all over the Middle East.

Jaffar also coaches staff of banks to equip and prepare them to handle their responsibilities efficiently. In particular, Jaffar works with his clients in the design and implementation of their enterprise risk management framework and the integration between risk management, internal control, internal audit and strategy.

Jaffar pursued his doctorate study in Economics at Newcastle University in the UK, earned a Master of Science in Finance from DePaul University in the US, a Baccalaureate in Accounting from the University of Bahrain and he is holder of the designation Financial Risk Manager (FRM). He can be reached on: jaffar@jma-consulting.org.