PRMIA 8009 Valid Dump : Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition

8009 real exams

Exam Code: 8009

Exam Name: Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition

Updated: Sep 05, 2026

Q & A: 112 Questions and Answers

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PRMIA 8009 Exam Syllabus Topics:

SectionObjectives
Topic 1: Risk Management Standards- Regulatory and industry standards
- Global risk management frameworks
Topic 2: Governance- Corporate governance structures
- Board responsibilities and oversight
- Internal controls and compliance systems
Topic 3: Best Practices in Risk Management- Enterprise risk management implementation
- Risk identification and assessment processes
- Risk monitoring and reporting
Topic 4: Ethics in Risk Management- Conflict of interest management
- Ethical decision-making in financial risk scenarios
- Professional ethics and conduct standards

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

Question 1

Boards of Directors, including Audit and Risk Committees must review thoroughly compensation plans of potentially "highly compensated positions" for:
I. competitive market conditions
II. ensuring compliance with their corporate risk appetite and fiduciary responsibility to shareholders III. ensuring any discretionary bonus plans are geared towards keeping high income / revenue generators IV. reporting all such personnel to the local regulator

A. I and II only
B. I, II and IV only
C. All of the above
D. II, III and IV only


Question 2

When considering the performance of Northern Rock within its peer group of banks, which of the following is not correct?

A. Its' loan loss record was poor by industry standards.
B. For many years it was regarded as a star-performer in the financial markets.
C. The quality of its' assets was never in question.
D. Only a few months previously it had reported record profits.


Question 3

Which of the following are PRMIA Governance Principles?
I. Sufficiency of Key Resources and Process
II. State of the Art Risk Management Technology
III. Ongoing Education and Discernment
IV. Sufficiency of Key Competencies

A. All of these are PRMIA Governance Principles
B. I and II only
C. I, III and IV only
D. I, II and IV only


Question 4

Which US regulatory authority resolved the restructuring of Washington Mutual?

A. Federal Deposit Insurance Corporation
B. None of the above
C. The Federal Reserve Bank
D. The Office of Thrift Supervision


Question 5

MGRM's losses due to "stacking" started to increase when

A. the oil market went from contango to backwardation
B. the oil market went from strong contango to weak contango
C. the oil market went from backwardation to contango
D. the oil market went from weak backwardation to strong backwardation


Solutions:

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

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