Value at Risk techniques – Analytic, Historical and Monte Carlo
Stress testing and backtesting techniques
Credit analysis, credit scoring and internal models
An overview of popular public credit risk models
Current best practices in Operational Risk
Capital allocation – regulatory and economic
Introduction to RAROC and RAPM
Current governance best practices
What went wrong in famous case studies and how to avoid repeating the mistakes
Who Should Attend
This program is designed to develop the knowledge and understanding of risk management practices in those advancing their careers in financial risk management. The foundations apply across all sectors: banking, insurance, asset management, hedge funds, energy, securities, regulation/supervision and more.
Delegates who participate in the Complete Course and pass a final examination will be awarded a certificate from GWU Executive Education Programs and PRMIA. Please see FAQs below regarding any questions pertaining to the final exam.
Each delegate will receive a digital version of the Professional Risk Managers' Handbook: A Comprehensive Guide to Current Theory and Best Practices. The Professional Risk Managers' Handbook is used in more than 105 countries, at 23 of the world's largest banks and at all ten of the world's largest financial institutions. It also serves as the foundation of graduate level programs in risk management. This digital material will be accessed via the PRMIA website. PRMIA membership is required.
Supplemental classroom notes will also be provided.
Fees: Register by March 23, 2012 and receive a 10% early registration discount. PRMIA Sustaining Members receive an additional $100 discount. Fee includes program materials, morning and afternoon coffee break and lunch (for full-two day courses) and access to the PRM handbook.
Registration: You may register for this course by clicking on the Register Online in the left-hand margin or Download Enrollment Form . For questions regarding registration please contact Allyn Sellers at (612)-216-4739 or by email at firstname.lastname@example.org.
Venue: The George Washington School of Business
Cancellation: A refund (less a $500 administration fee) will be made if formal notice of cancellation is received at least two weeks prior to the date of the event. We regret that no refunds will be made after that date. Substitutions may be made at no extra charge.
Important Notice: All courses are subject to demand. PRMIA reserves the right to cancel or postpone courses at short notice at no loss or liability where, in its absolute discretion, it deems this necessary. PRMIA reserves the right to changes or cancel the program. PRMIA will issue 100% of registration refund should cancellation be necessary. Travel and hotel expenses are in the responsibility of the registering individual.
FREQUENTLY ASKED QUESTIONS:
Will I receive a certificate?
All participating delegates will receive a dated certificate of completion with the GWU Executive Education Programs and PRMIA logos. This certificate and a letter indicating your final exam score will be mailed to you within two weeks of the completion of exam*. If one chooses not to take the exam or does not pass the exam, a certificate of participation will be issued.
What does the final exam consist of?
This exam is not the PRM exam and the passing of this exam does not result in the PRM designation. Click here to learn more about the PRM Exams.
Will I receive the PRM designation upon the completion of this course?
Attending this intensive training course does not result in the PRM designation/certification. However, all delegates will receive a certificate of attendance with the PRMIA and GWU Executive Education Programs.
Does the Complete Course prepare me for the PRM Exams?
The Complete Course in Risk Management is separate from the PRM program and does not result in delegates receiving their designation. This course can, however, be a beneficial tool for those preparing for the exams and delegates enrolled in the Complete Course in Risk Management will receive a hard copy of the Handbook. Please note that not all of the material in the Handbook will be covered. This course gives an excellent general overview of Risk Management and provides the theoretical grounding to enhance your career and improve your job performance.
What mathematical background is needed for this course?
This course takes a quantitative approach to risk management so a certain level of mathematical knowledge will be very beneficial. The mathematics background recommended for this course is similar to that needed going to an MBA program. It includes basic understanding of equations, what a variable is, the use of logarithms and exponentials, and some crude familiarity with mathematical manipulations at the GMAT level. Exposure to statistics, probability, and regression is a plus but not a requirement, as the course does offer a brief glimpse of some of these ideas in the first day.
CONTINUING EDUCATION CREDITS
As a participant in the CFA Institute Approved-Provider Program, PRMIA has determined that this program qualifies for 40 credit hours. If you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE Diary upon the report of your CFA member number to email@example.com.
This training course qualifies for up to 73.5 CPE credits.
PRMIA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through it's website: www.learningmarket.org.