The Financial Risk Manager (FRM) qualification is a globally recognized certification from USA for professionals in the field of financial risk management. It is offered by the Global Association of Risk Professionals (GARP), established in 1996, and focuses on identifying, analyzing, and managing risk in financial markets and institutions. The qualification provides the skills necessary to assess and manage risk within financial institutions. It is aimed at professionals working in risk management, investment management, banking, and finance. The FRM qualification is the Global Benchmark for Risk Management and is globally recognized by most banking systems around the world. There are 90000+ FRM professionals in 190 countries.

For Whom:
Professionals working in risk management, investment management, and corporate finance, such as risk analysts, portfolio managers, traders, and chief risk officers (CROs).

FRM Syllabus Structure

• Topics covered in Part I:
  • Foundations of Risk Management -20%
  • Quantitative Analysis -20%
  • Financial Markets and Products -30%
  • Valuation and Risk Models -30%
• Topics covered in Part II:
  • Market Risk Measurement and Management -20%
  • Credit Risk Measurement and Management -20%
  • Operational Risk and Resiliency -20%
  • Risk Management and Investment Management -15%
  • Current Issues in Financial Markets -10%
  • Liquidity and Treasury Risk Measurement and Management -15%

Exam Format

• FRM Part I Exam:
  • 100 multiple-choice questions.
  • Duration: 4 hours.
  • Pass Rate over the past 5 years: 44%-56%
• FRM Part II Exam:
  • 80 multiple-choice questions.
  • Duration: 4 hours.
  • Pass Rate over the past 5 years: 51%-63%
• Both exams are typically offered thrice a year, in May, August and November.

Course Duration: 12 months