Financial Risk Manager

The Financial Risk Manager (FRM) is a title, which is awarded by the Global Association of Risk Professionals ( GARP ).

The title of qualified risk Anger market risks, credit risks and operational risks, analyze and control. Graduates of the courses take on functions in the areas of fund management, business valuation, investment advisory, equity and derivatives trading, finance and controlling.

GARP awarded its first graduates in 1997. Since the number of graduates has grown rapidly. Inzwischenzeit have 26,000 people worldwide FRM title.

In addition to the Chartered Financial Analyst ( CFA ) and the Chartered Alternative Investment Analyst ( CAIA ) is the Financial Risk Manager, the most widely used training in the financial sector.

To obtain a credit FRM title, the candidate must pass two exams and have at least two years professional experience in the risk area.

Curriculum and examinations

The audit committee consists of professors and practitioners. The study program is adapted to the latest developments every year. The first test includes:

• Quantitative Analysis
• Basics of risk management
• Financial Markets and Products
• Valuation and risk models

The second test includes:

• Market risk
• Credit risk
• Operational Risk
• Risk and Investment Management
• Current aspects of the financial markets

Both tests are hands-on, the exam held twice a year. The tests consist of 80 to 100 multiple choice questions, which must be solved in four hours. On average, there is only every other candidate the rigorous exam.