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A word on risk management

Risk Management has always been an important business process but it has taken center stage ever since the financial crisis unfolded. Lack of understanding of risk and mispricing of risk were (among others) some of the main triggers of the biggest meltdown since the Great Depression. There is no lack of theory in the field of risk management; what is essential is a more thorough application of the principle of risk management such that risk is effectively identified, measured and managed.

This is where the FRM® course proves its value- delivers a uniquely compelling mix of the latest in risk management principles and its practice
 
Overview of FRM®
The Global Association of Risk Professionals® (GARP®) created the Financial Risk Manager (FRM®) Certificate to identify risk professionals who are qualified to make informed decisions based on current, globally accepted industry standards.
 

The FRM® course comprises of two parts- Part 1 and Part 2. The Part 1 exam consists of approximately 100 multiple-choice questions that test a candidate’s knowledge base in four distinct areas:
 
Financial Markets and Products
Foundations of Risk Management
Quantitative Analysis
Valuation and Risk Models
 

For more information pertaining to the FRM® Exam please visit: http://www.garp.com/

Benefits of FRM®:
The FRM® Certificate is globally recognized as the benchmark for financial risk professionals. Currently, thousands of individuals around the world have completed the FRM® Certification program, and the candidate pool continues to grow at a record pace – in 2009 GARP experienced a 70% increase in candidate registrations*. FRM® Certificate holders can expect:
 
Increased career opportunities
Expanded knowledge of the latest financial risk concepts
Credibility and respect from employers, peers, and clients
Global networking connections
   

For more information please visit: http://www.garp.com/
Subject Covered
 
  • Quantitative Methods
  • Value and Risk Models
  • Financial Markets and Products
  • Foundations of Risk Management
  • Market Risk and Measurement
  • Credit Risk Measurement and Management
  • Operational and Integrated Risk Management
  • Risk Management and Investment Management
  • Current Issues in Financial Market
 
Format for the Exams
 
Part 1 and Part 2 exams are conducted twice in a year (May and November)
The FRM® Exam Part I will have 100 multiple-choice questions and the FRM® Exam Part 2 will have 80 multiple-choice questions
Each exam part will be 4 hours in length.
Part 1 will be administered in the morning and Part 2 will be administered in the evening.
GARP recommends minimum 200 hours of reading for each Part

 

 
Topic area weights
 
Topic Area Part 1 (%) Part 2 (%)
Quantitative Methods 30 N/A
Value and Risk Models 30 N/A
Financial Markets and Products 20 N/A
Foundations of Risk Management 20 N/A
Market Risk and Measurement N/A 25
Credit Risk Measurement and Management N/A 25
Operational and Integrated Risk Management N/A 25
Risk Management and Investment Management N/A 15
Current Issues in Financial Market N/A 10
 
Time limit

Candidates may retake the Exam at their convenience during the 4 years following their registration. When a candidate re-registers he/she will re-enroll as a returning candidate in the FRM®Program. If candidates fail to re-register within the next 4 year period (8 exam cycles), then they will have to register as a new candidate and pay all applicable fees at that time.
This applies for both Part 1 and Part 2.
 
 
Exam dates

The FRM® Part 1 and Part 2 exams are conducted in May and November each year. Candidates can both the parts together on the same day.
 The 2012 exam is scheduled for May 19.
 
Why Schweser study tools?

Schweser is a name with high recognition and credibility for professional certifications such as the CFA®, CAIA® and FRM®. Over the past 20 years, Schweser has developed a wide range of study tools (notes, practice exams, mock exams, question banks, flash cards, video CDs, etc) and is a leader in prep course materials globally. Schweser materials are prepared and updated by a sizeable team of subject area specialists, most of whom are highly qualified with PhDs, CFA® charters and /or FRM® holders. The study tools are summarized, closely structured along the curriculum, updated regularly and hence very exam focused. They know exactly what students require and they deliver that.
 

Disclaimer: GARP does not endorse, promote, review or warrant the accuracy of the products or services offered by Genesis Institute of GARP Exam related information, nor does it endorse any pass rates claimed by the provider. Further, GARP is not responsible for any fees or costs paid by the user to Genesis Institute nor is GARP responsible for any fees or costs of any person or entity providing any services to Genesis Institute. ERP™, FRM® GARP® and Global Association of Risk Professionals™, are trademarks owned by the Global Association of Risk Professionals, Inc.
 
 
   
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