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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Market Risk | 23% | - VaR and stress testing - Commodity and interest rate risk - Trading book risk management - Market risk governance |
| Topic 2: Operational Risk | 16% | - Risk measurement and modeling - Risk mitigation and control - Operational risk identification and assessment - Basel requirements for operational risk |
| Topic 3: PRMIA Standards and Ethics | 5% | - Standards of Best Practice - Professional conduct and ethics |
| Topic 4: ALM and Liquidity Risk | 8% | - Funds Transfer Pricing (FTP) - Liquidity risk measurement and management - Asset-Liability Management |
| Topic 5: Risk Management Frameworks | 11% | - Enterprise Risk Management (ERM) - Capital adequacy and regulatory frameworks - Risk governance and oversight - Economic capital and risk appetite |
| Topic 6: Credit Risk | 29% | - Credit portfolio management - Credit risk fundamentals and lifecycle - Probability of Default (PD), LGD, EAD - Credit derivatives and securitization |
| Topic 7: Counterparty Credit Risk | 8% | - Credit Valuation Adjustment (CVA) - Counterparty exposure measurement - Mitigation techniques |
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