Pass your actual test at first attempt with PRMIA 8009 training material
Last Updated: Jul 29, 2026
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| Section | Weight | Objectives |
|---|---|---|
| Risk Management Best Practices | 20% | - Internal Controls and Risk Limits - Enterprise Risk Management Framework - Compliance and Regulatory Alignment |
| Risk Management Case Studies | 25% | - China Aviation Oil - Metallgesellschaft - Orange County - Long-Term Capital Management (LTCM) - Baring Bank - Northern Rock |
| PRMIA Standards of Best Practice, Conduct and Ethics | 30% | - Whistleblowing and Reporting Violations - Ethical Decision-Making Framework - Code of Conduct and Professional Responsibilities - Conflict of Interest and Disclosure |
| Corporate Governance Principles | 25% | - Board and Senior Management Oversight - Transparency and Accountability - Risk Governance Structure - PRMIA Governance Principles |
1. How much of Washington Mutual's assets were funded by customer deposits for the decade ending in 2006?
A) 30%
B) 40%
C) 60%
D) 50%
2. The "Renewing the Dream" program signed into law by President George W Bush in 2002 was designed to
A) Recapitalise Fannie Mae and Freddie Mac with US$2.4 billion of additional capital to ensure they weathered the risks associated with any future downturn in the housing markets
B) Provide tax credits of nearly US$2.4 billion over the next 5 years to investors and builders who developed affordable single-family housing in poor and distressed areas
C) Allow risky, high-cost loans to be credited towards affordable housing goals
D) Provide grants of US$800 million to help home buyers with down-payment and closing costs
3. 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) The different time zones that the office was trading in
C) Difference in the contract sizes in the OSE and SIMEX
D) Having the back office and front office operations under the same person
4. Which of the following was NOT a factor in the National Australia Bank case?
A) Rogue traders
B) Inadequate back office procedures
C) Improper or insufficient Board-level communication regarding the importance of risk management and oversight
D) Money laundering using foreign exchange trades for political leaders
5. Employees shall be remunerated adequately for the roles that they perform, where 'adequately' is defined
A) using the risk reward profile for each business line in the organization
B) using external references and benchmarks, and in a framework which is consistent with the type of risk-taking behavior expected of employees
C) as commensurate with policies to attract and retain high income / revenue earners
D) as being the market norm for similarly situated personnel in competitive organizations
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: B |
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