To achieve the professional designation of PRMIA Market, Liquidity and Asset Liability Risk Management from the PRMIA, candidates must clear the MLARM Exam with the minimum cut-off score. For those who wish to pass the PRMIA Market, Liquidity and Asset Liability Risk Management certification exam with good percentage, please take a look at the following reference document detailing what should be included in PRMIA Market, Liquidity and Asset Liability Risk Management Exam preparation.
The PRMIA MLARM Exam Summary, Body of Knowledge (BOK), Sample Question Bank and Practice Exam provide the basis for the real PRMIA Market, Liquidity and Asset Liability Risk Management (MLARM) exam. We have designed these resources to help you get ready to take PRMIA Market, Liquidity and Asset Liability Risk Management (MLARM) exam. If you have made the decision to become a certified professional, we suggest you take authorized training and prepare with our online premium PRMIA Market, Liquidity and Asset Liability Risk Management Practice Exam to achieve the best result.
PRMIA MLARM Exam Summary:
| Exam Name | PRMIA Market, Liquidity and Asset Liability Risk Management |
| Exam Code | MLARM |
| Exam Fee |
Sustaining Member Price - $549
Contributing Member Price - $572
Non-member Price - $599
|
| Exam Duration | 120 Minutes |
| Number of Questions | 60 |
| Passing Score | 60% |
| Format | Multiple Choice Questions |
| Schedule Exam | Pearson VUE |
| Sample Questions | PRMIA Market, Liquidity and Asset Liability Risk Management Exam Sample Questions and Answers |
| Practice Exam | PRMIA Market, Liquidity and Asset Liability Risk Management (MLARM) Practice Test |
PRMIA Market, Liquidity and Asset Liability Risk Management Syllabus Topics:
| Topic | Details |
|---|---|
| Market Risk Introduction |
- Introduction to Market Risk - Recent Market Risk Events including Silicon Valley Bank - Typology of Market Risk Exposures - Introduction to Asset-liability Management - Introduction to Funds Transfer Pricing - ESG and Market Risk |
| Market Risk Governance and Management |
- Introduction - The Post-Crisis, Risk-Regulatory Framework - Setting the Stage for Market Risk Governance - True Market Risk Governance - Committees: Market Risk Appetite and Market Risk Limits - Roles and Responsibilities in Practice - Market Risk Limits and Limit Policies - Risk Management Systems - Risk Management Data - Monitoring Market Risk - What is the Role of the Audit Function? - Model Risk Governance - Valuation in a Marked-to-Market World during Low Liquidity - Conclusion: Steps to Success - Appendix |
| Market Risk in the Trading Books: Business-Specific Context |
- Contextual Introduction to Bank Trading Activities & Historical Development of Financial Product Markets - Fixed Income - FX and Rates Trading - Equity Market Trading |
| Market Risk Measurement |
- Value at Risk — Overview - Advanced VAR Models — Univariate - Advanced VaR Models — Multivariate - Responses to the Crisis such as the Fundamental Review of the Trading Book (FRTB) |
| Market Risk Stress Testing Beyond the VaR Threshold |
- Introduction - Dangerous Unknowns - Stress Testing: Static and Otherwise - Beyond Comparative Static Analysis - Systemic Risk Lessons from Beyond Finance - Moving Beyond Value at Risk - Practical and Organizational Considerations - Challenges of Stress Testing - Conclusion - Appendix A — Examples of Stress Testing - Scenario Formulation — The Fundamental Challenge of Stress Testing - The Market’s Greatest Hits — Calibrating Stress Scenarios Based on History - The Achilles Heel Approach |
| Commodities Market Risk Management |
- Introduction - Market Participants - Key Products and Instruments - Risk Implications of Physical Nature of Commodities - Price Risk Management - Stress Testing |
| Asset Liability Management and Recent Crises |
- Asset Liability Management and Strategic Risk Management - Overall Causes of the Great Financial Crisis - Causes of the Crisis Related to Balance Sheets - The Effects of Various Crises - In Focus: Lehman Brothers - A New Focus: Silicon Valley Bank |
| An Introduction to Asset Liability Management |
- ALM Overview - An Introduction to Gaps - In Focus: Contagion between Risk Types - Banking Book versus Trading Book - ALM Objectives - Roles within ALM |
| Interest Rate Risk |
- Overview - Components of Interest Rate Risk - Measurement - Management |
| Liquidity Risk |
- Overview - Fundamentals of Liquidity - Measurement and Management - Recent Developments |
| Balance Sheet Management |
- Introduction - The ALCO - Capital Management - Strategy and Products - Crisis Management and the Contingency Funding Plan |
| Bank Funds Transfer Pricing (FTP) |
- Introduction - FTP Governance and Management - FTP Methods and Historical Development - Other FTP Challenges - Conclusion |
| MLARM Case Studies |
- Silicon Valley Bank - Fannie Mae & Freddie Mac - Long Term Capital Management (LTCM) - Northern Rock - American Insurance Group (AIG) - Lehman Brothers - Washington Mutual |
Both PRMIA and veterans who’ve earned multiple certifications maintain that the best preparation for a PRMIA MLARM professional certification exam is practical experience, hands-on training and practice exam. This is the most effective way to gain in-depth understanding of PRMIA Market, Liquidity and Asset Liability Risk Management concepts. When you understand techniques, it helps you retain PRMIA Market, Liquidity and Asset Liability Risk Management knowledge and recall that when needed.
