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Leading Excellence in Banking
PROFESSIONAL RISK MANAGER (PRM)Exam Preparatory Programme
BIBF plays a vital role in the training and development of human capital in the Middle East and North Africa.
Our commitment to excellence has strengthened our position as the leading educational provider across all major business disciplines.
We serve As a partner to numerous world-class institutions; delivering thought leadership, assessment and training in the areas of Banking, Accounting & Finance, Assessment & Development, English & Business Communication, Human Resources, Information Technology, Insurance, Interpersonal Skills, Islamic Finance, Leadership & Management, Marketing, Sales & PR, and Project Management.
BIBF’s Global Reach
The Professional Risk Manager (PRM™) is a designation awarded by the Professional Risk Managers’ International Association (PRMIA). It is a globally recognised, graduate-level risk management credential. Today’s Risk Professionals are expected to know and understand industry best practices and be committed to using them. There is no better way for risk managers to show their commitment than by proving that they have the knowledge, skills, and qualifications to back their experience.
It is built by broad coalition of industry leaders to achieve the mission of establishing a leading form of education, validation and certification in the risk management profession. The PRM candidates come from over 100 countries, more than any other risk certification programme.
PRM consists of a series of evaluation exams, designed for the development of professional risk managers. Candidates are required to pass four exams to be awarded the PRM designation. BIBF is offering a comprehensive teaching course based on PRMIA recommended study materials, covering the full syllabus.
The Professional Risk Managers’ International Association (PRMIA) was established in 2002 by a volunteer group of risk industry professionals. It is a non-profit professional association, governed by a Board of Directors directly elected by its global membership. Its mission is to provide an open forum for the development and promotion of the risk profession.
For more information visit: www.prmia.org
About the Programme
Awarding Body
Exam Name Weighting No. of Questions Exam Duration
I Finance theory, financial instruments and markets 30% 36 2.0 hrs.
II Mathematical foundations of risk measurement 20% 24 2.0 hrs.
III Risk management practices 30% 60 3.0 hrs.
IV Case studies, PRMIA standards of best practice,
Conduct and ethics, bylaws. 20% 24 1.0 hrs.
Assessment
Examination Structure and Duration
The PRM exams are computer-based and assessed through 120 MCQ’s.
To meet with the needs of busy professionals, the programme provides for great flexibility;
• Four separate exams, varying in length from one to three hours, which can be taken in any order over a period of up
to two years.
Programme Details
Name: Professional Risk Manager (PRM), awarded by The Professional Risk Managers International Association (PRMIA)
Duration: 1 year on average (204 hours). Exemptions apply (Found on page 3)
Who Will Benefit?
The Professional Risk Manager Programme has been designed for those:
• Looking to develop their knowledge and understanding of risk management
• Looking to advance their career in risk management
• Seeking professional certification in the area of financial risk management
PRM Syllabus in brief • Classic finance theory underpinning risk management
• Foundations of risk measurement
• Foundation of option theory
• Financial instruments and their associated risks and uses
• Daily form and function of trading markets
• Risk management best practices
• Lessons learned from failed systems and practices and
major risk events
• Best practices of governance, conduct and ethics
• Foundations and complexities of Asset Liability
Management
• Foundations of Liquidity Risk
• Complexities of structured products
• Operational risk best practices
• Counter party risk management (CVA, DVA, XVA) elements
The two-year period commences from the date of the first successful PRM
examination. Candidates may take exams over more than a two-year period,
but any exams passed more than two years in the past will need to be retaken.
Exam Frequency
Candidates can take the full exam in one set. If candidate wish to
set each part separately, the exams are offered at fixed intervals
throughout the year.
Exemptions The PRM programme recognises other professional designations and
gives partial credit towards completion of the requirements for the
PRM certification. “Cross-over” candidates need only to pass the
following exams to receive the PRM:
Certificate Exam
CFA charter holders III and IV
CIIA,CEFA charter holders III and IV
CQF holders III and IV
Actuarial fellows III and IV
Associate PRM certificate I, II and III
Actuarial associates I, III and IV
CSI financial risk management graduates II, III and IV
CAIA financial Risk management graduates II, III and IV
Entry RequirementsPRM holders are only validated with the attainment of a minimum level of either education or work experience.
Minimum experience required:
• 4 Years, if the candidate is not a bachelor degree holder.
• 2 Years, if the candidate holds a bachelor’s degree.
No experience requirements, if graduate school or holder of other accepted professional Designations
(CFA,CAIA,CQF, etc.)
Programme FeesBD 1,750/-* (All 4 Parts) inclusive of:
• BIBF training & mentoring sessions
• BIBF Handouts
• Practice questions
Fee per part:
• Part 1: BD 475/-*
• Part 2: BD 500/-*
• Part 3: BD 725/-*
• Part 4: BD 200/-*
*The fees excludes PRMIA student registration and exam fees. Please refer to the below website for
further information: http://www.prmia.org/prm-exam/fees-and-registration
To apply, contact Tamkeen through www.tamkeen.bh or call 1738 3333
How to ApplyVisit the BIBF website at: www.bibf.com to obtain a registration form. Admission to the programme will be through
an application process. Ensure that you have the minimum entry qualifications before applying. Please send your
application to the programme officer by e-mail [email protected] or call +9731781555/ Ext: 5591.
Applicants will need to provide their CV when applying for the programme. Students applying for this programme will
be screened by the programme admission team before acceptance
Eligible candidates will be admitted to the programme on a first-come first-serve basis.
All applications are handled with extreme confidentiality. No personal information regarding the student will be shared
with third parties. The selection of students is done with due care and BIBF reserves the right to deny admission to any
applicant who does not meet its set standards of Admissions.
The applicants who meet the criteria set out by BIBF will be processed in line with its policy guidelines.
Application DeadlinesApplications are accepted throughout the year, although there is a cut-off date of two weeks prior to the start date of
the programme.
Student ObligationsStudents who are selected will be duly informed about the commencement of the programme and the procedures
regarding regulations, academic support and assessment. Students have the freedom to withdraw their decision two
weeks before the start date of the programme.
Student CharterPlease visit: http://bibf.com/Banking/Student-charter.pdf for the student charter. Students are expected to read the
student charter and fully understand the roles and responsibilities of a BIBF student and reasonable expectations from
BIBF programmes.
Review of Student Recruitment and Admission PoliciesBIBF has specialist departments (such as the Registration Department) to process and support admissions and enrolments,
which will be monitored by the Centre Head. Process flow for student recruitment and registration can be found on the
website along with information on the process of handling student and customer feedback: http://bibf.com/Banking/
Code-of-practice.pdf
Registration FormPROFESSIONAL RISK MANAGER (PRM™)
Self Sponsored
Name of Participant
Mr/Mrs/Ms First Name Middle Name Last Name
Position Department
Organisation *Nationality *Date of Birth (mm/dd/yy)
*Address
*CPR *Country Office Tel
*Mobile Residence Tel Fax
*Email (Personal) Email (Work)
*Signature Date
Mr/Mrs/Ms First Name Middle Name Last Name
Position Department
Organisation *Nationality *Date of Birth (mm/dd/yy)
*Address
*CPR *Country Office Tel
*Mobile Residence Tel Fax
*Email (Personal) Email (Work)
*Signature Date
Self Sponsored Organisation Sponsored
Organisation Sponsored
Organisation Information
Contact Person :
Mr/Mrs/Ms First Name Middle Name Last Name
Position Department
*Nationality *CPR
Address
Organisation Country
Office Tel Fax Email
*Signature & Stamp Date
Name of the Participant
BIBF Application Fee (Non-refundable) BD 25
Please forward this form to: The Registrar, BIBF, PO Box 20525, Manama, Kingdom of Bahrain +973 17 815555 +973 17 729928 / 17916420 [email protected] or [email protected]
Methods of Payment
Cheque Please find enclosed a cheque for made payable to BIBF.
or Credit card Please debit my credit card Visa Mastercard
Card No. Expiry Date
Cardholder’s Name Signature
Cash
BD 1,750/- per participant This includes:• BIBF Training and mentoring sessions • BIBF handouts • On-line Epsilen platform for blended learning• PRMIA-recommended course book • Practice quizzes
INFORMATION DESK
Receipt Number Amount Date
Comments
Information Desk Attendant Signature
REGISTRATION OFFICE
Student ID Registered By Date
Comments
FOR BIBF OFFICE USE ONLY
7. BIBF reserves the right to change the fee structure without prior notice.
Refund Policy:
Two weeks and above prior to commencement date 100% Refund
Less than two weeks prior to commencement date 80% Refund
Less than one week prior to commencement date No Refund
TERMS & CONDITIONS:
1. BIBF offers courses on the basis that there will be sufficient students to justify running it or else the course will be cancelled.2. BIBF may modify the dates or cancel the course should any unexpected/unavoidable circumstances arise. BIBF’s liability in the event of any modification or cancellation will be limited to cover the fully paid course fees.3. In the event of cancellation of the course, BIBF will refund the amount paid in full by the student for the course. If the course is postponed by BIBF, the students have the option to ask for a refund.4. Students should attend the full duration of the course as scheduled and strictly abide with the stated course timings. In the event of a student attending less than 80% or the total course hours, the student will be withdrawn from the course, marked as a “Drop Out”, and requested to re- register. 5. Course deferral requests should be made by a student in writing one week prior to the course commencement date. No deferral requests will be entertained thereafter. Fees can be deferred for one session only, and course fees paid will not be refunded. Students are not allowed to attend a different course/subject for an approved deferral request.6. Students may withdraw from their course by giving a written notice of not less than one week prior to the commencement date. The refund policy of the Centre will apply.
Programme Fees Fee per part:Part 1: BD 475/-* Part 2: BD 500/-* Part 3: BD 725/-* Part 4: BD 200/-*
Leading Excellence in Banking
For further information, and to register.
Please contact the Centre of Banking:
Tel: (+973) 1781 5555 Ext: 5591
E-mail: [email protected] or [email protected]