8008 exam dumps

PRMIA 8008 Value Package

(Include: PDF + Desktop Test Engine + Online Test Engine)

  • Exam Code: 8008
  • Exam Name: PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition
  • No. of Questions: 359 Questions and Answers
  • Updated: Sep 06, 2026

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PRMIA 8008 Exam Syllabus Topics:

SectionObjectives
Funds Transfer Pricing (FTP)- FTP Framework and Methodologies
- FTP Implementation and Governance
Risk Management Frameworks- Governance and Risk Culture
- Enterprise Risk Management Principles
Counterparty Risk- Counterparty Exposure and Collateral Management
- Pre-Settlement and Settlement Risk
Credit Risk- Credit Risk Mitigation and Management
- Credit Risk Analysis and Measurement
Market Risk- Market Risk Measurement Techniques
- Market Risk Models and VAR
Operational Risk- Operational Risk Measurement and Controls
- Operational Risk Identification and Assessment
Asset-Liability Management (ALM)- Interest Rate Risk in the Banking Book
- Liquidity and Funding Risk Management

PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition Sample Questions:

What would be the correct order of steps to addressing data quality problems in an organization?

  • A. Articulate goals, do a 'strategy-fit' analysis and plan for action
  • B. Design the future state, perform a gap analysis, analyze the current state and implement the future state
  • C. Assess the current state, design the future state, determine gaps and the actions required to be implemented to eliminate the gaps
  • D. Call in external consultants
Answer: C

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The probability of default of a security over a 1 year period is 3%. What is the probability that it would have defaulted within 6 months?

  • A. 98.49%
  • B. 1.51%
  • C. 3.00%
  • D. 17.32%
Answer: B

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A long position in a credit sensitive bond can be synthetically replicated using:

  • A. a long position in a treasury bond and a long position in a CDS
  • B. a long position in a treasury bond and a short position in a CDS
  • C. a short position in a treasury bond and a short position in a CDS
  • D. a short position in a treasury bond and a long position in a CDS
Answer: B

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The risk that a counterparty fails to deliver its obligation upon settlement while having received the leg owed to it is called:

  • A. Replacement risk
  • B. Credit risk
  • C. Settlement risk
  • D. Pre-settlement risk
Answer: C

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A stock's volatility under EWMA is estimated at 3.5% on a day its price is $10. The next day, the price moves to $11. What is the EWMA estimate of the volatility the next day? Assume the persistence parameter = 0.93.

  • A. 0.0018
  • B. 0.0224
  • C. 0.0421
  • D. 0.0429
Answer: C

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