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What is the Financial Risk Manager (FRM) Certification Program?

The Financial Risk Manager (FRM) Certification Program is administered by the Global Association of Risk Professionals (GARP).

The FRM examination is designed to test for an admixture of basic analytical skills, general knowledge and intuitive capability acquired through experience in capital markets. It focuses on the core body of knowledge required for independent risk management analysis and decision making.  Notwithstanding all the sophisticated models currently used by organizations to manage risk, it is most often the simple "rule of thumb" techniques that allow successful risk managers to quickly assess and control risk, as well as test the assumptions and results of the models. It is these practical techniques that will be emphasized on the FRM examination. In addition, the individual will be tested on the general behavior and risks of various markets and financial instruments, regulation, and credit risk concepts.

In order to be certified as a Financial Risk Manager (FRM) and be able to use the FRM acronym after your name, the following is required:

  • A passing score on the FRM Examination.
  • Active membership in the Global Association of Risk Professionals.
  • A minimum of two years experience in the area of financial risk management or another related field including, but not limited to, trading, portfolio management, academic or industry research, economics, auditing, risk consulting, and/or risk technology.

The FRM Exam is administered every November in multiple cities.  The 2006 exam will be given on November 18, 2006.  The exam is 5 hours long and consists of approximately 150 multiple choice questions.

FRM™ is a registered Trademark of the Global Association of Risk Professionals

Source: Global Association of Risk Professionals

FRM Review Courses and Study Guides

 
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FRM Texts

Required Reading

Recommended Reading

Optional Reading


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