ASSOCIATE PROFESSIONAL RISK MANAGER CERTIFICATE

Transcription

1 ASSOCIATE PROFESSIONAL RISK MANAGER CERTIFICATE Johannesburg, November 2018 We are still living in the dark ages of financial risk management, where financial apothecaries face each new crisis with leeches, blood-letting, mumbo-jumbo, or simple blind faith in the markets. Professor Carol Alexander, PRMIA Chair, 2009

2 Overview The Associate Professional Risk Manager Certificate (APRM) is intended for staff entering the risk management profession. It is also suitable for those who interface with risk management disciplines on a regular basis, such as Finance, Compliance, Audit, and IT, and who want to understand fundamental risk management methods and practices. It is mathematically and theoretically less detailed than PRMIA s Professional Risk Manager (PRM ) designation, and covers the core concepts of risk management. The APRM exam is in a multiple-choice format and comprises 90 questions, with a pass mark of 60%. It can be written at a Pearson Vue testing centre on any business day in most major cities. Successful candidates will receive the Associate PRM certificate from PRMIA, as well as a credit for Exam IV of the PRM. Learning Outcomes 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 nonquantitative 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 Facilitator Peter Skerritt Peter has spent thirty years in the financial markets as a derivative trader, risk manager, author, and trainer, with experience in Europe, the United States, the Middle East, and Africa. He has worked with foreign exchange, interest rate, and equity derivative instruments.

3 His company is an Approved Training Partner for the certifications of the Professional Risk Manager s International Association (PRMIA). Programme The programme can be found in the Appendix to this document. Pre-Workshop Preparation Delegates are required to undertake pre-course reading and an online multiple-choice assessment. The estimated time for completion is 4-8 hours. Post-Workshop Exam Preparation Following the workshop, delegates are required to complete eight online tests covering each of the main sections of the APRM syllabus, a Revision Exam, and two full Mock APRM Exams. The costs of these tests and Mock Exams are included in the course fee. Our tests and mock exams have been carefully designed to reflect the actual types of questions that are encountered in the APRM Exam, as well as the exam environment. Detailed feedback with model answers is provided upon completion of each test and exam, and any queries may be directed via to our expert faculty, for speedy resolution. Peter Skerritt & Associates is happy to report the progress of individual candidates to the relevant contact with a client organisation. Fee The cost of the workshop per delegate is R 17,950. VAT at 14% will be levied on invoices to South African residents. Please note that we provide a 10% discount for three or more delegates registering simultaneously from the same organisation. N.B. The fee does not cover the cost of the APRM exam which is currently USD This fee is payable directly to PRMIA when a candidate books the exam, and we shall advise on the booking process in due course.

4 Booking Details To reserve a place, please contact the Programme Manager, Lerato Metseeme: lerato@peterskerritt.com Tel:

5 Appendix - Programme Day 1 08h00 Welcome and Introduction PRMIA and the APRM Certificate 08h30 The Regulatory Risk Framework The Basel Accord 10h30 The Risk Management Infrastructure 13h15 PRMIA Standards, Governance Principles, and Bylaws 15h15 Introduction to Modern Finance Theory Day 2 08h00 The Structure of Financial Markets 10h30 Derivatives: Futures, Forwards and Swaps 13h30 Derivatives: Options 15h30 Derivatives: Options Day 3 08h00 Market Risk 09h00 Stats h30 Measuring and Hedging Interest Rate Risk 13h30 Market Value-at-Risk 15h30 Market Value-at-Risk

6 Day 4 08h00 Asset & Liability Management 10h30 Liquidity risk management 13h30 Operational Risk Management 15h30 Credit Risk Management Day 5 08h00 Measuring Credit Risk 10h30 Credit Derivatives 11h30 Securitisation 13h30 Risk Capital Attribution and Risk-Adjusted Performance Measurement 15h30 Tea 16h00 Exam Preparation and Registration 16h30 Close