What is the Credit and Counterparty Risk Management (CCRM) Certificate?
The CCRM Certificate program is designed to give candidates a deep understanding of how credit risks impact financial institutions and the wider financial system. Passing the CCRM exam will demonstrate essential knowledge of these core credit and counterparty risk topics:
- Classic Credit Products & Lifecycle — An overview of the building blocks that create — and drive the risk of — products traditionally considered credit products (including green and ESG lending products) and how they are managed through their lifecycle
- Classic Credit Risk Methodology — How credit risk has traditionally been managed (i.e., before the advent of Basel-style PD/LGD models)
- Credit Derivatives and Securitization — An introduction to instruments extending the range of classic credit instruments
- Modern Credit Risk Modeling — Credit risk modeling using PD/LGD based VaR models where the loss distribution is simulated
- Credit Portfolio Management — How to manage credit portfolio risk in an institution
- Counterparty Risk — Source, definition, and fundamental mitigating actions (e.g., netting, collateral)
- CVA and DVA — Definition, measurement, and interpretation of CVA and DVA
- Management of CVA and DVA — How (and whether) to manage CVA and DVA in practice
- Standardized Approach for Counterparty Credit Risk (SA-CCR)
The CCRM is relevant to all risk-related roles in financial services, in particular Credit Risk Staff, Financial Controllers, Operations and Technology Managers, and Compliance and Legal Officers.
Who holds the CCRM Certificate?
PRMIA Certifications Public Directory - access a list of risk professionals holding the CCRM Certificate from 2016 onward.