What kind of credential is an FRM Financial Risk Manager to share

With the rapid development of financial frontier disciplines such as financial engineering, financial econometrics and computational finance, financial risk management technology has received unprecedented attention, and the Financial Risk Manager Certificate (FRM) has been recognized by Wall Street and many famous financial institutions in Europe and the United States, risk management departments of large companies, as well as the most authoritative regulators and financial regulatory authorities in various countries, and has become the most authoritative certification in the field of financial risk management in the world.

Risk management covers many areas, including financial quantitative analysis, market risk, credit risk, operational risk, investment risk, accounting, law, etc. In times of distress or crisis in financial markets, effective risk management is often the key to success. This important decision, which is related to the fate of enterprises and their investors, requires the participation of many financial risk professionals, and the number of global applicants for FRM has increased by more than 38% every year, and it has become an international risk management certification that attracts global attention.

In China, it is increasingly valued by national financial regulators and financial institutions, and the demand for financial risk professionals is growing. By the end of 2012, the FRM exam had been in place for 16 years, and more than 26,000 people worldwide had earned the FRM title.

The financial risk manager certificate is applicable to financial institution risk control personnel, financial unit auditors, asset managers, managers, financial traders, investment bankers, commercial banks, risk consultants, companies, insurance companies, trust companies and other financial incumbents. Of course, it is also suitable for those who are interested in financial risk management and are interested in pursuing this career. The application conditions are relatively relaxed, and there are no restrictions on the applicant's academic background and industry, and college students can also apply for the examination.

FRM Exam Content:

The FRM is an all-English test, and the test is divided into two levels, all of which are standardized questions, with 100 multiple-choice questions for FRM Level 1 and 80 questions for FRM Level 2, both of which take 4 hours. The FRM exam covers market risk measurement and management, credit risk measurement and management, operational and overall risk management, legal, accounting and investment risk management, etc., and the preparation time is about 14 weeks. The test is held once a year in May and mid-November, and there are test centers in 12 cities in China, including Beijing, Shanghai and Guangzhou.

How to apply for the FRM Financial Risk Manager Certificate?

Obtained FRM certificate:

1) Need to pass the FRM exam;

2) Two years of relevant work experience in financial risk management; Note: After completing the FRM Level 1 exam, you need to pass the Level 2 exam within four years; Successful passage of FRM Level 1 and Level 2 requires two years of relevant work experience within five years.

FRM (Financial Risk Manager) is the top authoritative international qualification in the field of global financial risk management, established by the Global Association of Risk Professionals (GARP) in the United States.

GARP is one of the world's largest financial associations with 150,000 members from more than 195 countries, serving more than 5,000 banks, companies, academic and research institutions, management institutions, asset management institutions, insurance companies and non-financial companies. Its main function is to raise standards in the field of financial risk management worldwide through the exchange of information and the implementation of educational programs.