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 |
| Exam Format: | Multiple choice |
| Related Certifications: | PRM Exam IV PRM Exam I PRM Exam II |
| Available Languages: | English |
| 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: Risk Management Frameworks | - Risk measurement and reporting frameworks - Enterprise risk management principles
|
| Topic 2: Credit Risk | - Credit risk measurement and modeling
|
| Topic 3: Operational Risk | - Operational risk types and sources - Operational risk management techniques
|
| Topic 4: Funds Transfer Pricing (FTP) | - Internal pricing of funds and liquidity allocation - FTP methodologies |
| Topic 5: Market Risk | - Market risk measurement techniques
|
| Topic 6: Asset-Liability Management (ALM) | - Liquidity risk management - Interest rate risk in the banking book (IRRBB) |
| Topic 7: Counterparty Risk | - Netting and collateral management - Derivatives credit risk considerations - Counterparty credit exposure |
The PRMIA 8008 exam, officially titled PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition, is the required test for earning the Professional Risk Manager (PRM) certification, a credential at the Professional level. Passing it validates the skills PRMIA expects from certified professionals, and it can also support progress toward related credentials such as PRM Exam I, PRM Exam II, PRM Exam IV.
PRMIA asks candidates to meet the following requirement before registering: Typically requires completion of PRM Exam I and PRM Exam II before attempting Exam III as part of PRM designation requirements.. Exam policies do change, so confirm the latest details on the official exam page at https://www.prmia.org before you book.
You can book your seat through the official registration channels below:
The 8008 exam is delivered in the following format: Computer-based exam (online or authorized test centers).
PRMIA recommends the following official training for this exam:
A course builds the theory; practice turns it into exam-day performance. Once you finish a class, the 359 practice questions from Actualtests4sure show you how the same knowledge appears in exam-style items.
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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 exam is organized into 7 major domains. Some of the key domains include:
Scroll up to the Exam Topics section for the complete breakdown, and use it to plan how much study time each domain deserves.
Question 1
Which of the following best describes Altman's Z-score
A. A numerical computation based upon accounting ratios
B. A standardized z based upon the normal distribution
C. A calculation of default probabilities
D. A regression of probability of survival against a given set of factors
Question 2
The capital adequacy ratio applied to risk weighted assets for the calculation of capital requirements for credit risk per Basel II is:
A. 100%
B. 8%
C. 12.5%
D. 150%
Question 3
When considering a request for a loan from a retail customer, which of the following factors is relevant for a bank to consider:
A. The credit worthiness of the retail customer
B. The contribution this new loan would bring to total portfolio risk
C. All of the above
D. The other retail loans in its portfolio
Question 4
Which of the following is the most accurate description of EPE (Expected Positive Exposure):
A. The maximum average credit exposure over a period of time
B. The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date
C. The average of the distribution of positive exposures at a specified future date
D. Weighted average of the future positive expected exposure across a time horizon.
Question 5
An investor enters into a 5-year total return swap with Bank A, with the investor paying a fixed rate of 6% annually on a notional value of $100m to the bank and receiving the returns of the S&P500 index with an identical notional value. The swap is reset monthly, ie the payments are exchanged monthly. On Jan 1 of the fourth year, after settling the last month's payments, the bank enters bankruptcy. What is the legal claim that the hedge fund has against the bank in the bankruptcy court?
A. $0, as all payments on the swap are current
B. $100m
C. $6m
D. The replacement value of the swap
Solutions:
| Question 1 Answer: A | Question 2 Answer: B | Question 3 Answer: C | Question 4 Answer: D | Question 5 Answer: D |
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