The Financial Risk Manager (FRM) is a certification which is a globally recognized benchmark and a professional designation for financial risk managers provided by the Global Association of Risk Professionals (GARP). The FRM Certification is widely recognized as the benchmark for educational excellence in risk management, offering unparalleled opportunities for career advancement in the risk profession.
WHAT IS GARP?
The Global Association of Risk Professionals is a nonpartisan, not-for-profit membership organization that is dedicated to enhancing the practice of risk management. GARP provides the premier global certification for risk managers, known as the Financial Risk Manager (FRM), as well as the Sustainability and Climate Risk (SCR) Certificate. Additionally, GARP offers ongoing educational opportunities through Continuing Professional Development. GARP supports research in risk management and fosters collaboration among practitioners, academics, and regulators through the GARP Benchmarking Initiative and GARP Risk Institute. Established in 1996 and governed by a Board of Trustees, GARP is headquartered in Jersey City, N.J., with additional offices in London and Hong Kong. Join a prestigious community of over 80,000 professionals employed by leading banks, asset management firms, consulting firms, and regulators worldwide.
WHAT IS THE ELIGIBILITY?:
There are no specific educational or professional requirements necessary for registration. Anyone interested in the financial risk management can enroll for the FRM exam.
WHO CAN DO?
The FRM certification is suitable for individuals seeking to enhance their understanding of financial markets, risks, and risk management tools, without the need to pursue a conventional risk management degree.
WHAT IS THE COURSE STRUCTURE?
| FRM (USA) Part-I | FRM (USA) Part-II |
| • Foundations of Risk Management (20%) • Quantitative Analysis (20%) • Financial Markets and Products (30%) • Valuation and Risk Models (30%) | • Market Risk Measurement and Management (20%) • Operational Risk and Resiliency (20%) • Risk Management and Investment Management (15%) • Credit Risk Measurement and Management (20%) • Liquidity and Treasury Risk Measurement and Management (15%) • Current Issues in Financial Markets (10%) |
WHAT IS THE EXAM FORMAT?
| FRM (USA) Part-I | FRM (USA) Part-II | |
| EXAM FORMAT | 100 Multiple Choice Questions | 80 Multiple Choice Questions |
| EXAM DURATION | 4 hours | 4 hours |
| EXAM DATES | May, August, & November | May, August, & November |
WHAT IS THE EXAM FEE?
• Program enrollment fee: USD 400
| Early registration fee | USD 600 |
| Standard registration fee | USD 800 |
For an updated fee structure, please check out www.garp.org
WHAT IS THE EXAM LOCATION?
All other candidates must be scheduled through the provider PSI. View PSI Testing Locations
Note: When visiting the PSI website, you must select your specific exam month to get an accurate look at relevant testing center locations. Seats are available on a first-come first-serve basis.
Candidates based in China, Hong Kong, and Thailand must schedule via the exam provider ATA. View ATA Testing Locations
