Pass the actual test with the help of 8008 study guide
Last Updated: Sep 03, 2026
No. of Questions: 359 Questions & Answers with Testing Engine
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| Certification Vendor: | 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 |
| Available Languages: | English |
| Related Certifications: | PRM Exam I PRM Exam IV PRM Exam II |
| Exam Format: | Multiple choice |
| Recommended Training: | PRMIA Official Study Resources |
| Exam Registration: | PRMIA Certification Registration |
| Sample Questions: | PRMIA 8008 Sample Questions |
| Exam Way: | Computer-based exam (online or authorized test centers) |
| Pre Condition: | Typically requires completion of PRM Exam I and PRM Exam II before attempting Exam III as part of PRM designation requirements. |
| Official Syllabus URL: | https://www.prmia.org |
| Section | Objectives |
|---|---|
| Topic 1: Operational Risk | - Operational risk management techniques
|
| Topic 2: Counterparty Risk | - Derivatives credit risk considerations - Counterparty credit exposure - Netting and collateral management |
| Topic 3: Market Risk | - Interest rate, equity, FX, and commodity risk - Market risk measurement techniques
|
| Topic 4: Risk Management Frameworks | - Risk measurement and reporting frameworks - Enterprise risk management principles
|
| Topic 5: Asset-Liability Management (ALM) | - Liquidity risk management - Interest rate risk in the banking book (IRRBB) |
| Topic 6: Credit Risk | - Credit portfolio risk - Credit risk measurement and modeling
|
| Topic 7: Funds Transfer Pricing (FTP) | - FTP methodologies - Internal pricing of funds and liquidity allocation |
The 8008 exam leads to the Professional Risk Manager (PRM) certification, a Professional-level credential from PRMIA. It validates the skills measured by the PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition syllabus and is a recognized step for IT professionals building their careers, and it sits alongside related credentials such as PRM Exam I, PRM Exam II, PRM Exam IV.
Typically requires completion of PRM Exam I and PRM Exam II before attempting Exam III as part of PRM designation requirements. Because PRMIA may adjust its policies over time, we recommend confirming the latest requirements on the official exam page (official exam page) before you register.
You can sign up for the PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition exam through any of the official registration channels below:
As for how the exam is delivered: Computer-based exam (online or authorized test centers).
PRMIA suggests the following training options for candidates preparing for PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition:
Formal training is a solid foundation, and pairing it with the 359 practice questions from Actualtests4sure helps you turn that knowledge into exam-day confidence.
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The PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition syllabus is divided into 7 main domains, including Credit Risk, Funds Transfer Pricing (FTP), Asset-Liability Management (ALM). Each domain carries a different share of the total score, so knowing where the weight sits helps you allocate your study time wisely. You will find the complete, up-to-date outline in the Exam Topics section above.
Question 1
Which of the following statements is true:
I. Confidence levels for economic capital calculations are driven by desired credit ratings II. Loss distributions for operational risk are affected more by the severity distribution than the frequency distribution III. The Advanced Measurement Approach (AMA) referred to in the Basel II standard is a type of a Loss Distribution Approach (LDA) IV. The loss distribution for operational risk under the LDA (Loss Distribution Approach) is estimated by separately estimating the frequency and severity distributions.
A. III and IV
B. I, III and IV
C. I and II
D. I, II and IV
Question 2
When modeling severity of operational risk losses using extreme value theory (EVT), practitioners often use which of the following distributions to model loss severity:
I. The 'Peaks-over-threshold' (POT) model
II. Generalized Pareto distributions
III. Lognormal mixtures
IV. Generalized hyperbolic distributions
A. I, II and III
B. I, II, III and IV
C. I and II
D. II and III
Question 3
For a loan portfolio, expected losses are charged against:
A. Economic credit capital
B. Credit reserves
C. Economic capital
D. Regulatory capital
Question 4
Which of the following is a most complete measure of the liquidity gap facing a firm?
A. Cumulative liquidity gap
B. Marginal liquidity gap
C. Liquidity at Risk
D. Residual liquidity gap
Question 5
long bond position is hedged using a short position in the futures market. If the hedge performs as expected, then which of the following statements is most accurate:
A. None of the above
B. the investor will be able to avoid losses and will also be able to keep the gains on his positions
C. the investor will be able to avoid losses
D. the investor will be able to avoid losses but will also forgo the gains on his positions
Solutions:
| Question 1 Answer: D | Question 2 Answer: C | Question 3 Answer: B | Question 4 Answer: D | Question 5 Answer: D |
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