A Higher
Standard for
Risk
As Certificações
A
C ifi õ PRM e
APRM do PRMIA (The
Professional Risk Managers’
International Association)
Professionals
Alberto Suen – Regional Director PRMIA Brazil Chapter
Everton Gonçalves – Economista Chefe da ABBC
16 de Outubro de 2009
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
Mini CV dos Palestrantes
Alberto Suen:
Regional
R
i
l Director
Di
d
do PRMIA B
Brazil
il Chapter
Ch
e membro
b do
d Education
Ed
i
and
d
Standards Committee e do The Regional Director Support and
Standards Committee do PRMIA.
A Higher
Standard for
Risk
Professionals
Engenheiro de Produção formado pela Escola Politécnica da USP e Bacharel
em Direito formado pela Faculdade de Direito da USP
USP, com cursos de Pós
Graduação em Direito Comercial na Faculdade de Direito da USP e em
Administração Financeira na FGV- EAESP.
É mestre em Administração pela Faculdade de Economia, Administração e
Contabilidade da USP e mestre em Direito pela Faculdade de Direito da USP,
com cursos nos programas de MBA da Owen Graduate School of Management
da Vanderbilt University nos EUA e na Faculty of Economics and Management
da Tsinghua University na China.
É professor universitário em cursos de graduação e pós graduação em
i tit i õ d
instituições
de ensino
i
como Fecap,
F
FGV
FGV, FIA,
FIA Inepad,
I
d Insper,
I
Saint
S i t Paul
P l
Institute of Finance, Unesp-Fatec, Uni-Facef e Unifran.
Como consultor, ajudou a implementar o sistema de gestão de riscos de
mercado do Banco BBA Creditanstaldt (hoje ItaúBBA), participou de projetos
em organizações como Tortuga,
Tortuga Faculdades Rio Branco,
Branco Casas Bahia
Bahia, Banco
Toyota e representou no Brasil a Financial Engineering Associates, Inc. (hoje
Morgan Stanley Barra). Também treinou os analistas de risco de crédito
(PYMES) do Banco Santander Banespa, além de profissionais de empresas
como Alpargatas, Santista Textil, ABN-AMRO Real, Hitachi, Nossa Caixa
Nosso Banco, Banco Itaú, Unibanco e muitas outras organizações brasileiras e
multinacionais
multinacionais.
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
Agenda
1) A importância das certificações para a carreira
dos profissionais na área de Finanças
2) A PRMIA e as certificações PRM e APRM
A Higher
Standard for
3) Conteúdo das certificações PRM e APRM
Risk
Professionals
4) Preparação para as provas de certificação
5) Aprovação nas provas de certificação
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
A Higher
A importância das certificações para a
carreira dos profissionais na área de Finanças
Standard for
Risk
Professionals
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
A importância das certificações para a
carreira
i
d
dos profissionais
fi i
i na á
área de
d
Finanças
•A carreira profissional no mundo
globalizado
g
A Higher
Standard for
•Mudanças frequentes
Risk
Professionals
•Autoregulação
•Certificação
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
A Higher
Standard for
PRMIA
Risk
Professionals
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
PRMIA – the
h Global
l b l Organisation
i
i
¾
¾
A Higher
Standard for
Risk
Professionals
São Paulo, 16 de Outubro de 2009
¾
¾
¾
¾
¾
¾
¾
¾
The Professional Risk Managers’ International
Association (PRMIA) is the world
world’s
s leading risk
professional’s association.
Mais de 60,000 “risk professionals” de todos os
segmentos da indústria de serviços financeiros
Membros de mais de 4,000 organizações
Mais de 150 encontros e eventos de 2 horas a um
dia realizado todos os anos
Membros provenientes de 181 países
Mais de 60 capítulos (chapters)
Dirigido pelos membros
Código de Ética
Governança
Uma organização sem fins lucrativos
Alberto Suen e Everton Gonçalves
What PRMIA is about
“A higher standard for risk professionals”
¾B
Bringing
i i
people
l and
d id
ideas ttogether
th across cultures
lt
and industries – through events and through the
website
A Higher
Standard for
Risk
Professionals
¾ A global focus, with local service, serving developing
and developed markets for the good of the industry
and its practitioners
¾ Member-led, member-driven – it provides a forum
for members with meetings, focus groups and
resources
¾ Providing exams (the PRM and the Associate PRM)
for people who want to learn, to demonstrate their
skills and advance their careers
¾ Provides specialist public and in-house training,
¾ Developing and setting standards for the Risk
Professional and the Risk Profession
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
PRMIA – Member Services
¾ Representation
o An industry policy body
o A forum for members
¾ Credentials
o The PRM (Professional Risk Manager) and the
Associate PRM exams
A Higher
Standard for
¾ Events
o Pre-work,
Pre-work lunchtime and after-work events
o One day risk forums
o Participation at selected conferences
Risk
Professionals
¾ Website
o Library, news, surveys, search, discussion
groups, careers support, research, networking
¾ Education
o Specialised training, university faculties, webbased training
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
Our risk management standard - the
Professional Risk Managers’
Managers Handbook
• Over 35 Leading Authors
• In Use in over 110
Countries
A Higher
Standard for
Risk
Professionals
• In Use at 23 of 25
World’s Largest Banks
and all 10 of World’s
Largest Financial Service
Companies *
• The best reference
source for
f financial
fi
i l risk
i k
managers
• Available online and in
print
(* A 2006 survey of the membership)
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
PRMIA C-Suite
C Suite
An association within the Association, for Board members and
Chief Risk Officers of Financial Institutions, their peers and
direct reports
•
•
•
•
•
A Higher
Standard for
Risk
Senior Executive Network
3,000 CROs and Heads of Risk
Roundtables
Best Practices
N t
Networking
ki
Professionals
•
“The
The program was truly one of the best sessions
I've attended in quite a long time…delivery and
substance were top notch. Programs and
participant
p
p
groups
g
p like this will surely
y put
p PRMIA
in the spotlight as a top tier professional
organization.”
Harold
H
ld Kahn,
K h Chief
Chi f Operating
O
ti
Officer,
Offi
Pequot Capital Management
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
PRMIA‘s
PRMIA
s Academic Partners
"We have played an active role in the
development of the PRM examination syllabus
and we fully
y support
pp
this qualification.“
q
Prof. Carol Alexander, Chair of the Risk
Management Department and Head of Research,
ICMA Centre, University
A Higher
Standard for
Risk
Professionals
of Reading
"When a professional industry organization gets the leading universities
from 6 countries to join in an educational partnership, you are witnessing
an event of galactic proportions. PRMIA has, in this fashion, defined the
new paradigm for professional education and risk management practices
for the 21st century.”
Prof. Luis Seco, Director of the Risk Lab at the University
of Toronto
Also: Columbia University
University, Hong Kong University of
Science & Technology, George Washington University,
Macquarie University, National University of Singapore,
T h i lU
Technical
University
i
it off M
Munich,
i h U
University
i
it off Mi
Michigan,
hi
North Western University and a consortium
representing ESCP-EAP, HEC, Ecole Polytechnique,
Sorbonne and Université Paris Dauphine
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
PRMIA Training & Education services
¾ Graduate Program Standards
¾ Classroom Courses
¾ Online Training Courses – 40+ courses
A Higher
Standard for
Risk
Professionals
¾ Learning Shorts – 400+ modules covering
all aspects of finance
¾ PRMIA Publications - books and the
Journal of Risk Management in Financial
Institutions
¾ Network of Top Universities and PRMIA
¾ Best Practice Standards for Curricula
¾ Scholarships and Research Grants
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
PRMIA Training & Education services
Some typical courses:
• A Complete
C
l t Course
C
in
i Professional
P f
i
l Ri
Risk
k Management
M
t
• A Course in Financial Markets and Instruments for Risk
Professionals: Wednesday Evenings for Four Weeks
A Higher
Standard for
Risk
Professionals
• A Course in Market Risk Management Best Practices:
Wednesday Evenings for Three Weeks
• Credit Risk Modeling Best Practices
• Operational Risk Management Best Practices
• Hedge Fund Risk Management: a Two-Day Training
Course
• Hedge Fund Risk Management: a Two-Day Training
Course
• Capital Allocation Best Practices
• Governance Best Practices and Case Studies
• Credit
C dit Derivatives
D i ti
- a Two-Day
T
D
Intensive
I t
i
Training
T i i
Course
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
PRMIA – the past 12 months
¾
¾
A Higher
Standard for
Risk
Professionals
¾
¾
¾
¾
¾
¾
¾
São Paulo, 16 de Outubro de 2009
Associate PRM exam launched
New chapters in Tokyo
Tokyo, Bahrain,
Bahrain Bangalore,
Bangalore
Hyderabad, Amsterdam, Frankfurt, Vienna, San
Francisco, Kolkata, Kuala Lumpur and Johannesburg.
One-day
One
day PRMIA risk forums held in NY
NY, Chicago,
Chicago
San Francisco, Beijing, Shanghai, Paris
A quarterly PRMIA risk journal released free to
Sustaining Members
Members. PRMIA monthly newsletter
PRM approved by regulators in Singapore and
Bahrain
Agreement with McGraw Hill to update and reformat
the Handbook and make it available in bookshops.
Volume 1 released in January 2008.
New PRM study guide released
Corporate membership services launched
PRMIA expand support team to take on marketing,
sales
l and
d conference/event
f
/
t supportt staff
t ff
Alberto Suen e Everton Gonçalves
PRMIA – the next 12 months
¾
¾
A Higher
Standard for
¾
Risk
Professionals
¾
¾
¾
São Paulo, 16 de Outubro de 2009
Increase to the exam services team
New chapters expected in Los Angeles, Qatar,
Bournemouth, Shanghai, Beijing, Madrid, Delhi,
Kuwait, Miami, West Indies, Turkey, Bermuda,
Romania Chennai.
Romania,
Chennai
Development of communications and market
influence team. Coordination of risk management
research opportunities.
opportunities
New standards and exams planned in Islamic Risk
Management, Accounting Risk, Liquidity Risk.
Chinese language version of the APRM.
APRM Handbook
Volume 3 and Exam 3 to be updated and enlarged
New academic partners in USA, Canada, China, UK
and
nd France
F n e
Update of the website with increased facilities enhanced jobs board and web-based bookshop
services.
i
Enhancement
E h
t off the
th case study
t d library
lib
and
d
the PRMIA publications pages.
Alberto Suen e Everton Gonçalves
A Higher
Standard for
A Certificação PRM
Risk
Professionals
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
The PRM Accreditation
Syllabus
y
¾ The PRM Handbook plus material on the PRMIA
website
A Higher
Standard for
Risk
Objective
¾ To provide a common educational baseline for all
Professional Risk Managers in the financial services
industry.
Professionals
Delivers
¾ Objective proof of capabilities
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
PRM Designation - The Higher
Standard in Risk Management
A Higher
Standard for
Risk
Professionals
The Professional Risk Manager (PRM™) designation is an independent
validation of skills and commitment to the highest standard of
professionalism, integrity, and best practices within the risk
management profession. The PRM™ is the leading certification for risk
managers,
g
, having
g received public
p
endorsements from top
p university
y
programs and businesses.
The PRM™ Standard is recognized world-wide and is the benchmark
against which the best risk professionals measure their skills. The
PRM™ Standard offers predictive power by assuring that the exam
candidate
did
iis b
being
i
tested
d iin all
ll areas off risk
i k management ffor the
h
required broad knowledge and understanding that risk managers must
bring to the job.
Candidates are required to pass four exams to achieve the PRM
D i
Designation:
ti
EXAM I: Finance Theory, Financial Instruments and Markets
EXAM II: Mathematical Foundations of Risk Measurement
EXAM III: Risk Management Practices
EXAM IV: Case Studies,
Studies PRMIA Standards of Best Practice
Practice, Conduct and
Ethics, Bylaws
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
A Summary of the PRM Program
Exam Structure
Candidates are required to pass four exams to be awarded the PRM
designation You can choose to take the complete PRM exam in one sitting or
designation.
in four separate modules, which can be taken in any order over a period of up
to two years. The only pre-requisite is membership in PRMIA.
Finance Theory, Financial Instruments and Markets (120 minutes)
A Higher
Standard for
Risk
Professionals
São Paulo, 16 de Outubro de 2009
Mathematical Foundations off Risk Measurement (120 minutes)
Risk Management Practices (90 minutes)
Case Studies, PRMIA Standards of Best Practice, Conduct and Ethics, Bylaws
((60 minutes))
Format
The exams are computer-based and the questions are all multiple choice. The
complete PRM exam consists of 120 questions. Exam questions are randomly
drawn, according to the syllabus order and weightings, from the exam
database.
database
Alberto Suen e Everton Gonçalves
A Summary of the PRM Program
Regular Exam Fees
Any One Exam:
A Higher
Standard for
Risk
Professionals
US$195
Full PRM Exam:
US$500
Discounts are available for groups of 10 or more candidates from the same
organization.
Sustaining Members receive discounted pricing on PRM exam vouchers.
Sustaining Memberships are US $125.
Discounted memberships are available for academics and students (US$50)
and for those from emerging markets (US $50).
You can become a Sustaining Member online at
http://prmia.org/index.php?page=membership.
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
A Summary
y of the PRM Program
g
Exam Dates
The exams can be taken on any business day of the
year. Results are usually available within 15
business days after the exam has been taken.
A Higher
Standard for
Risk
Professionals
Testing Venues
The exam is offered in secure, monitored testing
facilities in any of nearly 4,000 locations, operated
by
y Pearson VUE, in over 140 countries.
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
Alguns locais de prova
PRMIA Test Centers in Distrito Federal, Brazil:
A Higher
Standard for
Risk
Professionals
1) FINATEC
Fone:061-3348-0479
Campus Universitario Darcy Ribeiro
Av. L3 Norte, Ed. Finatec - Asa Norte
Brasilia,Distrito Federal, cep:70910-900
2) Hepta Tecnologia e Informatica Ltda
Fone:061 - 33493557
SEPN 513 BLOCO D EDIFICIO IMPERADOR
2 ANDAR SALA 221Brasilia
221Brasilia,Distrito
Distrito Federal70560524
3)NCT Informatica
Fone: 061- 3201-0000
SCRN 702/703 Bloco "D" Loja 42Asa NorteBrasilia,
Distrito Federal70.720-640
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
A Higher
O conteúdo da certificação PRM
Standard for
Risk
Professionals
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
The PRM …
¾ Is PRMIA's most academically advanced program,
designed to cater to all the needs of a Chief Risk
Officer. Only successful candidates are entitled to use
the PRM title. Essential to progress from Risk Analyst
to Risk Manager
A Higher
Standard for
Risk
Professionals
¾ Four exams (in any order) – Finance (2 hr exam),
), Risk Management
g
(1½
(
hrs),
),
Mathematics ((2 hrs),
Governance and Case Studies (1 hr) - 120 total
questions
¾ Can be done in a year with a commitment of 8 hours
study a week - two years allowed to pass all 4 exams.
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
The PRM Program – global support
“PRMIA is the international leader in risk management
certification
f
and CSI wholeheartedlyy endorses its PRM
designation."
Roberta Wilton, Ph.D, President & CEO, Canadian Securities
Institute Toronto,
Institute,
Toronto Canada
A Higher
Standard for
“The PRM qualifications is one of the best things that PRMIA
has done for the risk profession”
Risk
Professionals
David French, Bank of America, London, England
“I expect that over time it will be obligatory to anyone who
aspires to a Head of Risk position to qualify as a PRM
PRM”
Kalyan Sunderam, Chief Risk Officer and Deputy CEO,
Bahraini Saudi Bank, Bahrain
“The
The PRM Certification Training Program is a key initiative
that will help advance risk management capabilities and
promote sound risk management practices in Singapore”
Ng Nam Sin, Executive Director (Financial Centre
Development), the Monetary Authority of Singapore
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
A Higher
Standard for
A Certificação APRM
Risk
Professionals
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
The Associate PRM certificate
A Higher
Standard for
Risk
Professionals
• Designed for staff entering the risk management
profession - or those who interface with risk
management - auditing, accounting, legal, and
systems development personnel.
• Mathematically and theoretically less detailed than the
PRM, the Associate PRM covers the core concepts.
• Successful candidates will understand
fundamental risk management
methods and practices, demonstrate
they can make critical assessments,
evaluate the implications and the
limitations of such results, be familiar
with past risk cases, and understand
professional and ethical standards.
• The Associate PRM is a single exam of
3 hours with 90 multiple choice
question A calculator is not needed to
question.
pass this exam
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
Associate PRM Program Summary
Exam Structure
Candidates are required to pass one exam with a score of 60% or greater
to receive the Associate PRM certificate. The only pre-requisite is
membership in PRMIA.
A Higher
Standard for
Risk
Professionals
Format
The exam is computer-based and consists of 90 multiple choice questions.
Exam questions are randomly drawn, according to the syllabus order
and weightings, from the exam database.
Exam Fees
The cost of the Associate PRM exam is $300.
The cost of this exam voucher for sustaining members is $270
$270, reflecting
a 10% discount. You can become a Sustaining Member online.
Discounts are available for groups of 10 or more candidates from the
same organization. Contact [email protected] for more information.
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
Associate PRM Program Summary
Registration
Registration is available online or by contacting
[email protected].
pp @p
g
A Higher
Standard for
Risk
Professionals
Exam Dates
The exam can be taken on any business day of the
year. Results are typically available within 15
business days after the exam has been taken.
Testing Venues
The exam is offered in secure, monitored testing
facilities in any
y of nearly
y 4,000 locations, operated
p
by Pearson VUE, in over 140 countries.
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
A Higher
Standard for
Preparação
P
ã para os exames de
d
certificação
Risk
Professionals
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
How do
d I take
k PRMIA’s
’ exams?
¾ Teaching methods
o
o
o
o
o
o
A Higher
Standard for
Risk
Professionals
Classroom Training
Online Courses and Diagnostic Exams
Exam guides
A DVD-based
DVD b
d training
i i
program *
Self-Study Guide *
Professional Risk Managers’ Handbook, the
E
Essentials
ti l off Ri
Risk
kM
Managementt plus
l
ffreely
l available
il bl
website material
¾ All exams sat via CBT (Computer-Based Testing)
¾ 4,200 test centres in 145 countries (14 in Shanghai,
22 in Beijing, centres in all the provincial capitals) –
all are open every working day of the year
¾ Minimal delay, user-friendly booking system, rebookable with 24 hours notice – customer focused,
total flexibility
(* In development for the Associate PRM)
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
A Higher
Standard for
Aprovação nas certificações
Risk
Professionals
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
Aprovação nas certificações
Nota maior que 6,0 (seis) em todas as
provas
A Higher
Standard for
Risk
Professionals
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
PRÊMIOS
Overview
A Higher
Standard for
Risk
Professionals
São Paulo, 16 de Outubro de 2009
The PRM Candidate of the Year award program annually recognizes top
PRM candidates from around the world. There are four awards given,
including the prestigious PRM Candidate of the Year award. From all
candidates who have attained their PRM certification in the prior
calendar
l d year, th
the A
Award
d off Merit
M it is
i bestowed
b t
d on those
th
whose
h
exam
scores across multiple exams distinguished them from the rest of the
candidates. The PRM Focus Award is given to the candidates who have
achieved the top score of the year on the individual exams of the PRM
certification program.
Selection Process
Winners of the Award of Merit are asked to submit short answers to five
essay questions, which are then reviewed by a panel of leading
academics and practitioners from around the world.
world The review panel
represents diverse geographies and industries. From this review, the
PRM Candidate of the Year Finalists are chosen. Each finalist is then
interviewed by three PRMIA leaders representing academic and industry
positions. The finalists are then ranked for their performance on the
interviews a
and
d the entire review panel
pa
then votes
o
on
o the winner of
o the
PRM Candidate of the Year Award.
Alberto Suen e Everton Gonçalves
“PRM Candidate of the Year
(2005)”
Renê Sanda:
A Higher
Standard for
Risk
Professionals
Diretor de Gestão de Riscos do Banco do Brasil e
ç
do Banco do
membro do Comitê de Administração
Brasil Securities LLC – New York, BB Securities
Ltd. – London e Fundição Tupy S.A.
Foi professor de Estatística na FGV/EBAP-DF,
Ibmec-DF e UNB.
Possui mestrado e graduação em Estatística pela
USP e especialização em Finanças pelo Ibmec-DF.
Foi eleito PRM Candidate of the Year em 2005.
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves
To Join:
www.PRMIA.org
A Higher
Standard for
Risk
Professionals
Member Support:
support@prmia org
[email protected]
The PRM program:
certification@prmia.
org
PRMIA BRAZIL
CHAPTER:
[email protected]
011-5575-5212
São Paulo, 16 de Outubro de 2009
Alberto Suen e Everton Gonçalves