PRMIA Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition : 8009

8009 Exam Simulator
  • Exam Code: 8009
  • Exam Name: Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition
  • Updated: Jul 27, 2026
  • Q & A: 112 Questions and Answers

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PRMIA 8009 Exam Syllabus Topics:

SectionObjectives
Topic 1: Risk Management Best Practices- Enterprise Risk Management
  • 1. Integration Across Departments
  • 2. Risk Appetite and Tolerance
  • 3. ERM Frameworks
- Operational Risk Management
  • 1. Scenario Analysis
  • 2. Risk Mitigation Strategies
  • 3. Risk Identification and Assessment
- Credit and Market Risk
  • 1. Credit Risk Standards
  • 2. Liquidity Risk Considerations
  • 3. Market Risk Best Practices
Topic 2: Standards and Professional Practices- Documentation and Reporting Standards
  • 1. Risk Reporting Templates
  • 2. Regulatory Submission Requirements
- Benchmarking and Industry Guidelines
  • 1. Best Practice Comparisons
  • 2. Industry Surveys and Metrics
Topic 3: Governance and Regulatory Standards- Corporate Governance
  • 1. Risk Committee Structures
  • 2. Board Oversight Responsibilities
  • 3. Internal Controls and Audit Functions
- Regulatory Frameworks
  • 1. Local Regulatory Requirements
  • 2. Compliance Reporting
  • 3. Basel Accords and Global Standards
Topic 4: Ethics and Professional Conduct- Case Studies on Ethical Scenarios
  • 1. Practical Applications
  • 2. Decision-Making Frameworks
  • 3. Lessons Learned
- Ethical Principles
  • 1. Code of Conduct
  • 2. Conflict of Interest
  • 3. Transparency and Disclosure

PRMIA Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition Sample Questions:

1. PRMIA Governance Principles

A) must be adhered to by all PRMIA member organizations
B) must be adhered to by all PRM charter holders
C) is a set of recommendations based on research and best practice
D) must be adhered to by all financial firms that are PRMIA members


2. When supervising others, a PRMIA member must comply with

A) his / her established personal standards of work approved in previous work situations
B) the standards of the organization where the work is being performed
C) PRMIA Standards
D) local regulatory authority standards which may be less onerous than PRMIA standards


3. Which US regulatory authority resolved the restructuring of Washington Mutual?

A) Federal Deposit Insurance Corporation
B) None of the above
C) The Office of Thrift Supervision
D) The Federal Reserve Bank


4. Which of the following does NOT relate to the Orange County case?

A) Strategies that are not possible to explain to third parties should not be employed by the risk averse
B) The Know Your Customer rule
C) Fractured organisational structure and poor risk oversight mechanism make it easy for powerful individuals to hide risk in the gaps
D) Where there are excess rewards, there must be risks


5. The problems at Bankgesellschaft Berlin can best be characterized as failures related to:

A) Both B and C
B) Operational Risk
C) Market Risk
D) Credit Risk


Solutions:

Question # 1
Answer: C
Question # 2
Answer: C
Question # 3
Answer: C
Question # 4
Answer: B
Question # 5
Answer: A

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