FRM (Financial Risk Manager)

Financial Risk Management Course(FRM) is a well known qualification for risk management professionals.

If you are a person craving to challenges in your profession by solving financial risks then becoming a certified FRM holder is the best career option you can choose.

It is an international professional certification which is offered by Global Association of Risk

Professionals(GARP). GARP has over 150,000 members in 190 countries. A certified FRM scrutinize and manage credit risk, liquidity risk, market risk, operations risk, etc. and also variety of functions which are mostly related to risk management within investment banks, asset management firms, corporations government agencies, non financial companies, etc. are performed by the certified person.

The course can be pursued from any country across the globe and a person can start a global career with this. A candidate can develop many kinds of like analytical skills towards various risks of the company. A candidate who wants a successful career in Risk Management need to have technological capabilities, strong communication skills, etc. When you become certified FRM boosts your credibility and respects from employers and you get to maximize your career opportunities globally.

Why FRM?

Are you looking for challenges in the career path? Then the best answer to your question will be Financial Risk Management course. Here in this course a person would figure out ways to minimize and analyze the risk which are there in a company. Some reasons why a person should go for this course are stated below:-

• This certificate helps you to differentiate yourself from others. As the for risk managers are increasing day by day in the industry FRM designation is seen to have accomplish the 'gold standard' in the market and top financial firms employ candidates who have FRM certification because they have specialised qualities which are required in financial sectors. This program also help the person to prioritise risks, check whether they are aggressively and cost effectively managed and also to provide directions and suggestions on issues that are critical for success. It also educate a person how to identify and allocate risks, alleviate them, provide advice for better decision making and a risk management plan.

• The FRM certification uplift the career opportunities that are their in a person's life and where he/she wants to reach in their career. The financial management positions are anticipated to increase 7%, over the next decade so the popularity for this course is increasing day by day because of which the salaries which a person gets is also very encouraging. The FRM certification also helps the firm to identify candidates who are eligible easily as the candidate have all the specialised knowledge, ability and working experience.

• Global acceptance of the FRM course has increased by a compound annual growth rate of 29% in total registrants in the last eight years. You can grow your global network connections with this program, therefore anyone who becomes FRM certified get into a wide network of experts as there are 32,000 FRM certified persons present globally and joining with them can lead to a broader understanding of the financial market globally. The FRM course gives you many new opportunities in the finance field as well as in IT sector and Analytics and also get exposure to industry insights and trends. The course provides awareness of upcoming developments that will come in your career in the near future.

Eligibility for FRM:

There is no basic eligibility to sit in FRM exams an undergraduate student is also eligible to appear in Part 1 exam for FRM course.

To become eligible for the certificate, a candidate should have certain eligibility:-

• Both Part I and Part II exam of FRM course must be cleared by the candidate.

• Minimum 2 years of working experience within 5 years of clearing Part 2 exam.

• Candidate must be one of the active fellow member of GARP.

FRM Course Curriculum:

The FRM Examination Part I :-

It consists of 100 MCQ's that must be completed in 4 hours or less. Topics which are there in Part I are:

• Foundation of Risk Management 20%

• Quantitative Analysis 20%

• Financial Markets and products -30%

• Valuation and Risk Models 30%

Part II examination :-

It consists of 80 MCQ's and emphasizes the application of the tools acquired in Part I which must be completed in 4 hours or less. Topics which are covered in Part II are:

• Market Risk Measurement and Management 20%

• Credit Risk Measurement and Management 20%

• Operational Risk and Resiliency 20%

• Liquidity and Treasury Risk Measurement and Management 15%

• Risk Measurement and Investment Management 15%

• Current Issues in Financial Markets 10%

Job Opportunities:

A certified FRM examine and manage credit risk, liquidity risk, market risk, operations risk, etc. and also variety of functions which are mostly related to risk management. The course open doors for a global career and some of the positions which a candidate can hold after the course are:

• Risk Analyst

• Risk Manager

• Credit Risk Analyst

• Market Risk Analyst

• Regulatory Risk Analyst

• Operational Risk Manager

• Chief Risk Officer, etc.