The key learning objectives of the Associate PRM are to:
  • Gain a familiarity with the concept of risk management and its place in the business, organization or system
  • Gain an overall understanding of the concepts of risk management techniques in a non-quantitative framework
  • Understand how ‘governance’ fits into the concept of risk management
  • Understand the concepts of risk and return
  • Gain a familiarity with the structure and workings of various financial markets
  • Gain a familiarity with the financial instruments used in risk management
  • Understand the concepts of interest rate risk and hedging
  • Understand the concepts of asset-liability management
  • Understand the concepts of market risk management
  • Understand the concepts of retail and commercial credit risk management
  • Understand the concepts of operational risk management
  • Understand how performance can be measured
  • Understand the concept of enterprise risk management
  • Understand industry standards and best practices of financial risk management
  • Understand the positive role that risk management can play