FRM – 2001 – Financial Risk Manager Examination, GARP
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What are the requirements for FRM Certification?
Pass the FRM Exam Part I
Pass the FRM Exam Part II within 4 years
Demonstrate 2 years of related work experience
A candidate demonstrates work experience by submitting 4-5 sentences describing their professional role in the management of financial risk. The application to submit your work experience can be completed online. The work experience submitted cannot be more than 10 years prior to having passed the FRM Exam Part II. Experience completed for school will not be considered, including internships, part-time jobs, or student teaching. A candidate has 5 years to submit their work experience. After 5 years, the candidate will have to re-enroll in the program and pay the required fees again.
A candidate cannot use the FRM designation after their name in any manner until they have been certified.
How much time do I have to complete the FRM Certification process?
Once a candidate passes the FRM Exam Part I, they must then pass the FRM Exam Part II within 4 years. Candidates have 5 years from the date they pass the FRM Exam Part II to have their work experience verified.
What’s on the FRM Exam Part I?
The FRM Exam Part I focuses on the tools used to assess financial risk. They include:
Foundations of risk management concepts
Financial markets and products
Valuation and risk models
What’s on the FRM Exam Part II?
The FRM Exam Part II focuses on the application of the tools acquired in the FRM Exam Part I. They include:
Market risk measurement and management
Credit risk measurement and management
Operational and integrated risk management
Risk management and investment management
Current issues in financial markets
What is the FRM Committee?
The FRM Committee is a select group of risk management experts from around the world. Committee members represent all aspects of financial risk management and possess an expertise in one or more risk management disciplines.
Current members include practitioners in:
Credit, Operational and Market Risk
Legal and Regulatory Practices
What does the FRM Committee do?
The FRM Committee plays a vital role in preparing the FRM Exam. The Exam topics and their respective weightings are reviewed yearly to ensure the FRM Exam is kept timely and relevant.
Who is on the FRM committee?
Dr. René Stulz (Chairman) – Ohio State University
Rich Apostolik – Global Association of Risk Professionals
Richard Brandt – Citibank
Dr. Chris Donohue – Global Association of Risk Professionals
Hervé Geny – Thomson Reuters
Keith Isaac, FRM – TD Bank
Steve Lerit, CFA – UBS Wealth Management
William May – Global Association of Risk Professionals
Michelle McCarthy – Nuveen Investments
Dr. Victor Ng – Goldman Sachs & Co.
Dr. Elliot Noma – Garrett Asset Management
Liu Ruixia – Industrial and Commercial Bank of China
Dr. Til Schuermann – Oliver Wyman
Dr. Serge Sverdlov – Redmond Analytics
Alan Weindorf – Visa
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