FRM – Financial Risk Management
FRM (Certified Financial Risk Manager Program) is an international professional certification offered by GARP. FRM joins a network of professionals in more than 190 countries and territories worldwide. Financial risk management can be qualitative and quantitative. As a specialization of risk management, financial risk management focuses on when and how to hedge using financial instruments to manage costly exposures to risk.FRM fees is much lower than CFA and MBA.
There are no pre-qualification required to sit for the FRM Exam. However, the FRM program is recommended to B.com, MBA, CFA, CA, CPA, and other finance professionals. As, this is an specialization program into Risk Management.
FRM consist of two parts. You need to pass the FRM part I first in order to pass the FRM part II. The FRM part I exam can be given in May-Nov, twice an year. There are no pre-qualification required to sit for the FRM Exam. There are two parts/exams for FRM. Totally there are 100 Questions for the FRM part I and 80 Questions for the FRM part II.
The FRM Exam Part I covers the tools used to assess financial risk : Foundations of Risk Management, Quantitative Analysis, Financial Markets and Products, Valuation and Risk Models.
The FRM Exam Part II focuses on the application of the tools acquired in the FRM Exam Part I through a deeper exploration of: 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.
4 hours in the morning for The FRM part I and 4 hours in the afternoon for the FRM part II.