PRMIA ORM case studies
PRMIA ORM · Put your knowledge to work in context.
The Operational Risk Management (ORM) Certificate is one of PRMIA's assessment-based certificate programs, listed on PRMIA's Certificates menu alongside the Associate PRM, Credit & Counterparty Risk Management, Market, Liquidity & ALM Risk Management, Cyber Risk Management, and AI Risk Management certificates. PRMIA describes it as covering topics important to the operational and/or enterprise risk manager role, including operational resilience, risk management frameworks, climate risk, risk governance, compliance risk, and more. The PRMIA ORM case studies are 5 cases and about 3,064 words.
1Northbridge Bank: Payment Outage and Impact Tolerance Breach
Northbridge Bank is a UK retail and small-business bank with £42bn of deposits. Its critical payment processing service runs on a single cloud region and is supported by a managed service provider under a contract with a two-hour recovery time objective.
602 words, about 3 min2Meridian Asset Management: Framework Redesign After a Rogue-Trading Loss
Meridian Asset Management oversees 310bn across equities, fixed income and alternatives. After a 48m loss from unauthorized derivatives positions in its emerging-markets desk, the new CRO reviews the risk framework.
627 words, about 3 min3Coastal Agricultural Bank: Climate Risk in ICAAP and Lending
Coastal Agricultural Bank is a $9bn community lender in a low-lying region. Residential and commercial mortgages make up 70% of its loan book; 28% of collateral sits in a 100-year flood plain.
644 words, about 3 min4PayNova: Board Governance and Independence Before IPO
PayNova is a fast-growing payments fintech with 2.3 million merchant customers. Its nine-person board has two independent directors; the founder-CEO chairs board meetings and sits on the risk committee.
604 words, about 3 min5Heritage Wealth Partners: AML Alert Backlog and Remediation
Heritage Wealth Partners manages $14bn for ultra-high-net-worth clients across five jurisdictions. Its transaction-monitoring system generates 18,000 alerts a month; 35 analysts close most as false positives, but a backlog of 4,200 alerts is more than 90 days old.
587 words, about 3 min