Financial Risk Manager
The Financial Risk Manager (FRM) is a title awarded by the Global Association of Risk Professionals (GARP).
The title qualifies risk managers to analyze and control market risks, credit risks and operational risks. Graduates of the courses take on functions in the areas of fund management , company valuation , investment advice , stock trading , derivatives trading , finance and controlling .
GARP awarded the first diplomas in 1997. By 2014, around 28,000 people worldwide had acquired an FRM title.
In addition to the Chartered Financial Analyst (CFA) and the Chartered Alternative Investment Analyst (CAIA), the Financial Risk Manager is the most widespread training in the financial sector.
To obtain an FRM title, the candidate must take two exams and have at least two years of professional experience in the risk area.
Curriculum and exams
The examination board consists of professors and practitioners. The study program is adapted to current developments every year. The first exam includes:
- Quantitative analysis
- Basics of risk management
- Financial markets and products
- Assessments and risk models
The second exam includes:
- Market risk
- Credit risk
- Operational risk
- Risk and Investment Management
- Current aspects of the financial markets
Both exams are practice-oriented; the exams take place twice a year. The exams consist of 80 to 100 multiple-choice tasks that must be solved in four hours. On average, only every second candidate passes the exams.
Individual evidence
- ↑ Archive link ( Memento of the original from April 20, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. FRM facts
- ↑ Archive link ( Memento of the original from April 20, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Facts about the FRM
- ↑ Archive link ( Memento of the original from April 19, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Requirements for obtaining the title
- ↑ Archive link ( Memento of the original from April 19, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Topics of the FRM exam
