Associate PRM study plan

Define risk, risk appetite, risk tolerance, and risk capacity in your own words and distinguish each from the others

Map the governance responsibilities of the board, senior management, the CRO, and business-line owners into a one-page accountability chart

Classify at least ten named risks by source, driver, and impact type using a risk taxonomy you build yourself

Explain how risk identification feeds measurement, control, and reporting in the enterprise risk cycle

Compute expected loss from exposure, probability of default, and loss given default, and explain how each input is estimated

Contrast qualitative, quantitative, and hybrid risk assessment approaches and state when each is appropriate

Interpret sensitivity, scenario, and stress-test outputs and identify their limitations

Differentiate credit scoring, rating migration, and concentration analysis as measurement tools

Apply credit risk mitigation techniques such as collateral, guarantees, netting, and covenants, and evaluate their residual risks

Distinguish duration, modified duration, convexity, and DV01 and describe how each measures interest rate exposure

Explain value at risk, expected shortfall, and their assumptions and failure modes

Separate transaction, translation, and economic exposure in foreign exchange risk

Work through credit portfolio concentration, correlation, and default clustering effects on unexpected loss

Compute a value at risk figure for a simple two-asset position and explain diversification benefit

Describe how derivatives are used to hedge market risk and where basis and counterparty risk remain

Evaluate liquidity risk as the link between market and credit exposures

Build a risk and control self-assessment for a hypothetical business process, identifying at least eight operational risks

Classify loss events by the standard operational risk event types and explain the boundary cases

Explain key risk indicators, their thresholds, and how they differ from key performance indicators

Describe enterprise risk aggregation and how risk appetite is cascaded into limits

Select appropriate control and mitigation responses for each of the eight risks identified in week five

Design a risk report for a board audience, choosing metrics, frequency, and escalation triggers

Explain the purpose and structure of a risk register and how it stays current

Distinguish preventive, detective, and corrective controls and evaluate control effectiveness

Apply the professional conduct expectations of integrity, objectivity, confidentiality, and competence to three realistic conflict scenarios

Identify how incentive structures and behavioral biases distort risk decisions and propose safeguards

Explain the risk manager's duty when escalating a concern that management has declined to act on

Revisit governance content and connect ethical escalation paths to the accountability chart from week one

Assemble a cumulative formula and concept sheet covering all seven domains

Complete two timed mock exams under exam conditions and record per-domain accuracy

Diagnose the two weakest domains and rework the underlying material rather than re-reading summaries

Draft a final-week review schedule that allocates remaining time in proportion to measured weakness