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How to Get Certified As a Financial Risk Manager

Author: Dev Nair
by Dev Nair
Posted: Dec 17, 2021

Financial Risk Manager (FRM) is the designation awarded by the Global Association of Risk Professionals to the aspirants who have successfully cleared the certification program. It is a part of risk management and is standardized globally. As the global financial industry is changing rapidly, the bigger business houses and different industries require highly qualified professionals to manage risk, investment, money, etc. to meet the global need. A Financial Risk Manager can handle everything well and brings stability to the company. To become a successful FRM, you can join the FRM classes in Mumbai for proper guidance.

Now, if you want to become a risk manager and want to develop your traits accordingly, you need to go for a certification course for being an FRM. To achieve the post, you should follow certain steps. Read on to know more-

  1. Register for Appearing for FRM Exam Part I

This is the first step to becoming a Financial Risk Manager. You need to register by visiting www.garp.org and appear for the exam. The FRM exam is divided into two parts: Part I and Part II. So far, these exams are held in May and November, each year respectively. As per the changes in the curriculum in 2021, an extended part of the Part I exam will be held in July. There are two registration periods for making the payment for appearing for the exam: Early and Standard. Many aspirants aim to take both the exams on a single date, but you need to know that you can only appear for the Part II exam after the evaluation and success in the Part I exam.

  1. Passing FRM Part I Exam

Doing an FRM course in Mumbai can help you to clear the stages of FRM exams. In the Part I exam, you will get 100 multiple-choice questions. Your questions will be on topics like foundations of risk management, financial markets and products, quantitative analysis, and valuation and risk models. You can only pass the Part I exam if you are committed and completely dedicated to your goal. As per GARP reports, students can achieve success only if they study for 275 hours.

  1. Register for Part II Exam

Once you get the notification of passing the Part I exam, GARP will give you a four-year window to appear for the Part II exam. Visit www.garp.org to know more about the syllabus, course structure, fees, schedules, and norms for registering for the Part II exam.

  1. Pass FRM Part II Exam

You will get 80 equally weighted questions in the Part II exam. In the Part II exam, your topics are market risk measurement and management, credit risk measurement and management, operational risk and resiliency, liquidity and treasury risk measurement and management, current issues in financial markets, risk management and investment management. You have to be equally committed and dedicated to passing the Part II exam and studying harder to get success.

  1. Get Two Years of Experience

If you have a minimum of two years of experience in the field of risk management that will help you in passing the exams as you have practical experience. You need to work as a portfolio manager, risk consultant, industry researcher, trader, etc.

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Author: Dev Nair

Dev Nair

Member since: Dec 30, 2015
Published articles: 24

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