PRMIA 8009 : 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: Oct 09, 2026

Q & A: 112 Questions and Answers

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About PRMIA Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition : 8009 pdf dumps

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PRMIA 8009 Exam Syllabus Topics:

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

PRMIA 8009 Exam: Frequently Asked Questions

The 8009 exam is the official exam behind the PRM™ (Professional Risk Manager) credential from PRMIA. It sits at the Professional level of the PRMIA certification track. It is also associated with PRM™ Certification. The FreePdfDump practice questions on this page map to the same objectives, so you can measure your readiness before you book a seat.

The 8009 exam contains 80–110 questions and gives you 120 minutes to complete them. That pace leaves little room for getting stuck, so train yourself to flag a hard question, move on, and circle back later. Run at least one full timed session in the FreePdfDump test engine a week before your exam date to check whether your pacing holds under pressure.

You need 60% to pass the 8009 exam, and the official registration fee is $275–$350 USD (member discount available). A retake means paying that fee again in full, which makes thorough preparation the cheaper option by far. Before scheduling, take a timed FreePdfDump practice test; if you are not scoring comfortably above the passing line, give yourself more study time instead of booking on hope.

No mandatory prerequisites; recommended to complete PRM Exams I–III or have equivalent risk management experience; PRMIA membership required for certification

Requirements can change, so confirm the latest details on the official PRMIA exam page before you register.

You can book the 8009 exam through the following official channels:

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PRMIA points candidates to these official courses:

Once you have worked through the official material, wrap up your preparation with the 112 practice questions from FreePdfDump to lock in what you have learned.

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The 8009 syllabus is divided into 4 domains, including Corporate Governance Principles (25%), Risk Management Best Practices (20%), and Risk Management Case Studies (25%). The complete breakdown, with every domain and its subtopics, is listed in the Exam Topics section above — review it line by line and flag the areas where you feel weakest.

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

Question #1

National Australia Bank and Barings cases are similar in that:

  • A. Losses kept increasing while rogue trader(s) hid their positions
  • B. The back offices had inadequate procedures
  • C. None of the above
  • D. Both A and B
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #2

Which of the following are PRMIA Governance Principles?
I. Independence of Key Parties
II. Disclosure and Transparency
III. Internal Validation
IV. Solvency

  • A. I, II and IV only
  • B. I and II only
  • C. I, II and III only
  • D. All are PRMIA Governance Principles
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #3

According to the G-30 Study, the risk management infrastructure's funding must be

  • A. determined by business-unit leaders
  • B. determined at the Board level without influence by business unit leaders
  • C. determined by the regulators
  • D. determined at the Board level with inputs from business unit leaders
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #4

When Fannie Mae and Freddie Mac were taken under US government conservatorship, which of the following was not included within their operating mandate?

  • A. The US government will buy mortgage-backed securities in the open market as needed
  • B. There was a 2 year limit to the conservatorship
  • C. Fannie Mae and Freddie Mac will continue to buy home loans from banks to repackage them as mortgage-backed securities
  • D. The US government will provide capital as needed in return for preferred shares in the companies
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #5

The retrocession insurance cover was provided by

  • A. Fortress Re and their reinsurers
  • B. The Fortress Re reinsurers only
  • C. Fortress Re and other insurers
  • D. The fronting insurance companies
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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