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

  • Exam Code: 8009
  • Exam Name: Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition
  • Updated: Sep 21, 2026
  • Q & A: 112 Questions and Answers

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PRMIA 8009 Exam Syllabus Topics:

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

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

Question #1

Which of the following are PRMIA Governance Principles?
I. Sufficiency of Key Resources and Process
II. State of the Art Risk Management Technology
III. Ongoing Education and Discernment
IV. Sufficiency of Key Competencies

  • A. I, III and IV only
  • B. I and II only
  • C. I, II and IV only
  • D. All of these are PRMIA Governance Principles
Reveal Solution  Discussion  0

Correct Answer: A  πŸ—³οΈ

Question #2

Which of the following was a key problem in the Barings Bank case?

  • A. Leeson was executing an arbitrage strategy even though he was not authorized to do so
  • B. Having the back office and front office operations under the same person
  • C. The different time zones that the office was trading in
  • D. Difference in the contract sizes in the OSE and SIMEX
Reveal Solution  Discussion  0

Correct Answer: B  πŸ—³οΈ

Question #3

Which is NOT part of the guidance on Professional Conduct in the PRMIA Standards of Best Practice, Conduct and Ethics (Code of Conduct)?

  • A. Know and abide by applicable rules and regulations
  • B. Provide advice that is clear and accurate
  • C. Report to the Regulator any departures from generally accepted methodology or practices
  • D. Clearly inform all affected parties of any apparent or actual conflicts of interest
Reveal Solution  Discussion  0

Correct Answer: C  πŸ—³οΈ

Question #4

PRMIA Governance Principles

  • A. is a set of recommendations based on research and best practice
  • B. must be adhered to by all PRMIA member organizations
  • C. must be adhered to by all PRM charter holders
  • D. must be adhered to by all financial firms that are PRMIA members
Reveal Solution  Discussion  0

Correct Answer: A  πŸ—³οΈ

Question #5

The problems at Bankers Trust can best be characterized as failures related to:

  • A. Operational and Regulatory Compliance Risk
  • B. Market Risk
  • C. All of the Above
  • D. Credit Risk
Reveal Solution  Discussion  0

Correct Answer: A  πŸ—³οΈ

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