PRM to assume importance in global financial market

Bangalore, May 9 (UNI) Risk in financial institutions is a manageable commodity and the role of Professional Risk Managers (PRM) will assume added importance in the global financial market that has seen rapid changes in the recent past.

Speaking to reporters on the importance of hiring professionals to manage risks in financial institutions, mainly in banks, Professional Risk Managers International Association (PRMIA) Chief Operating Officer David Miller said risk management in finance was about risk in lending and deploying of funds by the institutions.

''Risk Manager has assumed a vital role in the globalised world.

Banks are now realising the importance of such a professional and no more than an appointment is made just to please the regulators,'' he said.

PRMIA, a non-profitable organisation of professionals was dedicated to advancing the standards of the profession worldwide through free exchange of ideas. The association, which had 41,000 members in more than 175 countries offered the only globally endorsed PRM certification programme, which was persued by more than 1,800 active candidates worldwide at present.

The course by PRMIA is conducted in a strategic relationship with KESDEE Inc world wide and in India, KESDEE India had developed and hosted online exam tutorial 'ePRM Coach', KESDEE India General Manager B N Adarsh said.

UNI