PRMIA Announces Associate PRM Certificate

23 July 2008

PRMIA today announced the release of its Associate Professional Risk Manager (Associate PRM) certificate. The Associate PRM is a new and innovative PRMIA certificate program intended for staff entering the risk management profession, or those who interface with risk management disciplines on a regular basis, such as auditing, accounting, legal, and systems development personnel who want to understand fundamental risk management methods and practices.

Designed to be mathematically and theoretically less detailed than PRMIA’s Professional Risk Manager (PRM™) designation, the new program will cover the core concepts of risk management, allowing non-specialists to interpret risk management information and reports, make critical assessments, and evaluate the implications and the limitations of such results.

“PRMIA developed the Associate PRM at the request of our institutional and regulatory members. Until now, there has been no exam in the risk industry designed for those who are not risk management professionals but who need to work with the discipline to create the needed risk culture within an organization. The Associate PRM fills that gap.”

Dr. Robert Mark, CEO Black Diamond Risk and co-author of The Essentials of Risk Management, on which the syllabus of the Associate PRM is based, adds, “Risk management is an integral part of managing all areas of a business. Employees who attain their Associate PRM certificate will have deeper insight into risk management practices, as well as the ability to add significant business value to their organization. Specifically, these individuals will gain the practical skills and knowledge necessary to identify, analyze, and respond to key risks, which in turn will allow them to contribute towards improving the return to risk dynamics of their organizations.”

Easy to obtain study materials and widely available exam options will provide Associate PRM candidates with optimum flexibility to fit the preparation and testing process into their individual work schedules. Individuals are required to pass one exam to receive the Associate PRM Certificate. The exam will be offered on every business day of the year at nearly 4,000 centers in more than 140 countries across the globe.

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