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PRMIA 8009 valid exam - in .pdf Free Demo

  • Exam Code: 8009
  • Exam Name: Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition
  • Last Updated: Aug 22, 2026
  • Q & A: 112 Questions and Answers
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  • PDF Price: $59.98    

PRMIA 8009 valid exam - Testing Engine PC Screenshot

  • Exam Code: 8009
  • Exam Name: Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition
  • Last Updated: Aug 22, 2026
  • Q & A: 112 Questions and Answers
  • Uses the World Class 8009 Testing Engine. Free updates for one year. Real 8009 exam questions with answers. Install on multiple computers for self-paced, at-your-convenience training.
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PRMIA 8009 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Risk Management Case Studies25%- China Aviation Oil
- Long-Term Capital Management (LTCM)
- Metallgesellschaft
- Northern Rock
- Orange County
- Baring Bank
Topic 2: PRMIA Standards of Best Practice, Conduct and Ethics30%- Ethical Decision-Making Framework
- Whistleblowing and Reporting Violations
- Code of Conduct and Professional Responsibilities
- Conflict of Interest and Disclosure
Topic 3: Corporate Governance Principles25%- Risk Governance Structure
- Transparency and Accountability
- Board and Senior Management Oversight
- PRMIA Governance Principles
Topic 4: Risk Management Best Practices20%- Compliance and Regulatory Alignment
- Internal Controls and Risk Limits
- Enterprise Risk Management Framework

PRMIA Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition Sample Questions:

Question 1

With respect to the Purpose of Professional Standards, in the event of any difference in standards between local laws/rules and those of PRMIA, members must

A. comply with the higher standard under all circumstances
B. refer the matter to their supervisor
C. abide by the applicable laws, rules, and regulations of PRMIA and any government and/or regulatory bodies
D. use their best judgment


Question 2

The Chief Risk Officer is responsible for the management of the Risk Management Infrastructure, and as such helps the Board define, and then implements throughout the organization, the risk appetite of the organization.
Which of the following is also the responsibility of the Chief Risk Officer?

A. ensuring that all employees understand the rules and regulations (both internal and external) with which they must comply and the implications, for them and for the organization, of non-compliance
B. Acts as sponsor for risk throughout the organization and ensures that a risk culture is implemented, and maintained
C. Ensures that reporting of risk and governance-related matters are produced in a timely and accurate manner
D. Maintaining appropriate assurance measures to ensure that the Governance and Risk framework of the organization is effective, and, if any shortcomings are discovered, to escalate these to the Board so that remedial action can be taken in an appropriate and timely manner


Question 3

Barings Bank and Orange County have many similarities. Which of the following is NOT a similarity?

A. Both losses grew over time, but were not discovered by management until too late.
B. Both traded in illiquid and obscure markets that were easy to manipulate.
C. Both relied on a star manger, supposedly in a low risk business.
D. Both losses were eventually exposed by massive margin calls.


Question 4

How much of Washington Mutual's assets were funded by customer deposits for the decade ending in 2006?

A. 40%
B. 30%
C. 50%
D. 60%


Question 5

Metallgesellschaft's retail contracts were

A. hedged using exchange-traded futures with shorter maturities than the retail contracts
B. hedged using exchange-traded futures with longer maturities than the retail contracts
C. fully hedged using exchange-traded futures of the same maturities as the retail contracts
D. unhedged


Solutions:

Question 1
Answer: A
Question 2
Answer: C
Question 3
Answer: B
Question 4
Answer: D
Question 5
Answer: A

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