Financial Risk Manangement
2013
FRM
Candidate
Guide
[
Overview
]
The Financial Risk Manager (FRM®) designation is the most globally respected and widely recognized certification for financial risk management. The FRM
Program ensures that Certified FRMs have mastered the necessary skills and knowledge to succeed in today’s rapidly changing global financial industry. To achieve the status of Certified FRM, candidates must pass a rigorous two-part, practice-oriented examination and have two years of qualified work experience.
The FRM Exam is updated twice a year to be reflective of the latest trends in the global financial markets and is designed by a group of distinguished risk professionals and academics with diverse professional backgrounds. By preparing for the FRM Exam, you will gain knowledge that is useful on the job every day.
The FRM Exam Part I curriculum covers the tools used to assess financial risk:
• Quantitative analysis
• Fundamental risk management concepts
• Financial markets and products
• Valuation and risk models
The FRM Exam Part II curriculum focuses on the application of the tools acquired in Part I through a deeper exploration of:
• Market risk management
• Credit risk management
• Operational and integrated risk management
• Investment risk management
• Current market issues
After passing the FRM Exam Part II, candidates must demonstrate a minimum of two years of risk-related full-time professional experience to become a Certified FRM. No other financial risk designation requires its candidates to demonstrate related professional experience—so becoming a Certified FRM means considerably more than passing a test.
Achieving FRM certification provides you with a career-long way to expand your professional opportunities within the world of finance. You will become part of a network of Certified FRMs in over 90 countries. Moreover, employers know that Certified
FRMs have the relevant knowledge with which to
FRM
Candidate
Guide
[
Overview
]
The Financial Risk Manager (FRM®) designation is the most globally respected and widely recognized certification for financial risk management. The FRM
Program ensures that Certified FRMs have mastered the necessary skills and knowledge to succeed in today’s rapidly changing global financial industry. To achieve the status of Certified FRM, candidates must pass a rigorous two-part, practice-oriented examination and have two years of qualified work experience.
The FRM Exam is updated twice a year to be reflective of the latest trends in the global financial markets and is designed by a group of distinguished risk professionals and academics with diverse professional backgrounds. By preparing for the FRM Exam, you will gain knowledge that is useful on the job every day.
The FRM Exam Part I curriculum covers the tools used to assess financial risk:
• Quantitative analysis
• Fundamental risk management concepts
• Financial markets and products
• Valuation and risk models
The FRM Exam Part II curriculum focuses on the application of the tools acquired in Part I through a deeper exploration of:
• Market risk management
• Credit risk management
• Operational and integrated risk management
• Investment risk management
• Current market issues
After passing the FRM Exam Part II, candidates must demonstrate a minimum of two years of risk-related full-time professional experience to become a Certified FRM. No other financial risk designation requires its candidates to demonstrate related professional experience—so becoming a Certified FRM means considerably more than passing a test.
Achieving FRM certification provides you with a career-long way to expand your professional opportunities within the world of finance. You will become part of a network of Certified FRMs in over 90 countries. Moreover, employers know that Certified
FRMs have the relevant knowledge with which to