What is FRM certification?
The Financial Risk Manager- FRM is one of the respected certifications for financial risk managers worldwide. As a Certified Financial Risk Manager, you have the required skills and competencies for managing risks in the global financial markets.
FRM certification tests your knowledge of different topics such as quantitative analysis, derivatives, value at risk, credit risk and operational risks management. Obtaining this certification makes you a risk-management specialist and increases your potential to work as a risk analyst in banks, corporations, and government. In addition, it prepares you to deal with clients looking for investment advice and to develop strategies in order to minimize a company’s risk. FRM certification proves your proficiency and ensures faster hiring and outstanding earning potential in the financial markets.
Global Association of Risk Professionals (GARP) offers programs for risk professionals at all levels, from those beginning their careers in risk to those leading risk programs at the largest financial institutions across the globe.
FRM Certification Requirements
In order to have this certification, you need to pass a two-part exam and have two-year work experience in financial risk management or related field.
GARP offers the following official resources to help you prepare for the FRM Exam:
- 2018 FRM LEARNING OBJECTIVES
- 2018 FRM STUDY GUIDE
- 2018 FRM EXAM PART I BOOKS
- 2018 FRM EXAM PART II BOOKS
FRM Exam Details
|FRM EXAM||PART I: the tools used to assess financial risk||PART II: the application of the tools acquired in PART I|
|Questions||100 multiple choice questions||80 multiple choice questions|
|Duration||four hours||four hours|
|Test Location||Check GARP website for more details|
FRM Certification Renewal
GARP encourages FRMs to take 40 hours of continuing education every two years to be updated in risk management.