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All About Risk Management certification

Posted On : Nov-10-2010 | seen (595) times | Article Word Count : 670 |

Acquiring certifications is a rigorous process. Some designation requires class room training and study but some are exam based to check the knowledge of a person in a particular field. Curriculum is important but it is based on the field such as if the field is dynamic, then curriculum should be dynamic to match the field like financial industry. Risk management certifications like both PRMIA and GARP are self study programs to keep the person at pace but these organizations offer examinations
Acquiring certifications is Testking JK0-016 a rigorous process. Some designation requires class room training and study but some are exam based to check the knowledge of a person in a particular field. Curriculum is important but it is based on the field such as if the field is dynamic, then curriculum should be dynamic to match the field like financial industry. Risk management certifications like both PRMIA and GARP are self study programs to keep the person at pace but these organizations offer examinations that are rigorous and will test the ability and knowledge, skill and capability of the candidate.
The PRM program contains four exams but it is Testking SY0-201 not necessary to take all four exams at one time nor the PRM require the exams to be taken in a specific order. PRM Exam I covers the financial instruments, markets, and financial theory. Exam II is a test of candidates understanding of mathematics that accompanies risk measurement. In Exam III candidates need to understand practices in the risk management filed, and exam IV covers the topics of professional standards, conduct, ethics, and bylaws as formulated by PRMIA.
The PRM exam consists of 120 multiple choice questions pulled from database. It means that the organization is formulating the exam to test from every possible angle. The minimum passing scores are 60% and only 50% of the candidates successfully pass the exam so it appears that the exams are fairly difficult. To attempt the exam there is no requirement to attend any course but the organization recommend go through all the available resources like professional journals, articles, online forums, conferences, and procedural documentation. PRM also offers study guides for people concentrating on self learning. The organization recommends a textbook (The Professional Risk Manager's Handbook) written by 35 authors, as preparation tool for Exams I, II, and III. For exam 4 PRM provide a reading list for exam preparation. Keeping in view the various needs of people PRM provides both class room training and online training.
Due to the financial upheaval of the past two years the Testking 640-863 from GARP is undergoing change in 2009. A candidate going for FRM certification is required to take one exam or two exams. All of the FRM exams consist of multiple choice questions. Exam 1, also called “Grandfather” exam has 140 questions and the two part exam consists of 100 questions for Level I and 80 questions for level II. In exam 2 the candidate is given time duration between 150 and 200 hours for each level. GARP offers a self study guide which is available as a "course pack”. FRM Handbook is considered as a textbook for study. GARB also offers practice tests for the help of students. The GARB also guides the candidates towards local study groups and third party course providers. GRAB does not offer the training directly but there is a digital library where candidates can find information and readings on any of the competencies covered in the exam battery. The FRM curriculum is dynamic in terms of readings, textbook, and courses, changes regularly to match the ever changing financial environment because self-guided curriculum requires a dedication and focus of a candidate that not every adult learner possesses.
GARP's ERP preparation tools and exam structure is very similar to the Testking VCP-410. Training process consists of 250 hours which largely covers physical energy markets, valuation and structure of energy transactions, risk management in financial trading, financial trading instruments, as well as disclosure, accounting, and compliance. This broad Curriculum can be covered through self-study guide, a course pack, a digital library, and sample exams.
Now the question arises why this curriculum and preparation tools and Testking 350-030 methods are so important for the organization. The answer comes is that whoever certified is not only exposed to a broad base of knowledge, but also to knowledge that is current and up to date. These exams ensure that designees are able to function in a variety of knowledge areas.

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