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As the financial industry becomes dynamic and competitive, only the professionals who triumph are the ones who can demonstrate their ability to add value to an organization. Pursuing your FRM proves that your knowledge and skills are up to par with the latest international standards, and recognizes you among an elite network of expert risk professionals employed by the world’s leading institutions.

FRM complete professionals are constantly in demand by the world’s leading companies and banks. Certified FRMs are currently employed in more than 190 countries and territories worldwide.

TOP 10 COMPANIES EMPLOYING THE MOST FRMs*

  1. ICBC
  2. Bank of China
  3. HSBC
  4. Agricultural Bank of China
  5. Citigroup
  6. KPMG
  7. Deutsche Bank
  8. Credit Suisse
  9. UBS
  10. PwC

*companies ordered by the number of FRM employees

TOP 10 GLOBAL BANKS EMPLOYING FRMs*

  1. ICBC
  2. China Construction Bank
  3. Agricultural Bank of China
  4. Bank of China
  5. JP Morgan Chase
  6. Wells Fargo
  7. HSBC
  8. Citigroup
  9. Bank of America
  10. Banco Santander

*banks ordered by the article below

Source: Chen, Liyan. “2015 Global 2000*colon; The World’s Largest Banks.” Forbes. Forbes Magazine, May 6, 2015. Web. July 23, 2015.

The FRM Exam Part I covers the tools used to assess financial risk:

 • Foundations of Risk Management

 • Quantitative Analysis

 • Financial Markets and Products

• Valuation and Risk Models

The FRM Exam Part II focuses on the application of the tools acquired in the FRM Exam Part I through a deeper exploration of:

 • Market Risk Measurement and Management

 • Credit Risk Measurement and Management

• Operational Risk and Resiliency

• Liquidity and Treasury Risk Measurement and Management

 • Risk Management and Investment Management

 • Current Issues in Financial Market

Eligibility

As such, there are no minimum eligibility requirements to write the exam.

  • Even an undergraduate (Final Year of Graduation) is eligible to give the FRM Part 1 exam.
  • You can take the FRM Part 2 only when you complete the FRM Part-1 exam (Or both Part 1 & 2 can be attempted together)

The FRM Program is developed under the guidance of the FRM Committee, which is comprised of prominent global risk management professionals and academics. The FRM Committee establishes the topic areas tested on the Exam on an annual basis. To further align with industry needs and calibrate understanding of the demands of the global risk management community, GARP also conducts formal surveys designed to determine the knowledge, skills, and abilities required of effective risk managers. This process helps ensure that successful candidates are prepared to effectively contribute to their organizations.

The FRM consists of two multiple-choice exams. The FRM Exam Part I consists of 100 equally weighted questions, and the FRM Exam Part II consists of 80 equally weighted questions. Candidates are allotted four hours to complete each Exam. Part I is offered via computer based testing (CBT) throughout all of 2021, while Part II will be given via pencil and paper in May and via CBT in December. The Exams are comprehensive, practice-oriented assessments that cover the fundamental tools and techniques used in risk management, their underlying theories, and the major sub-areas of risk

https://www.garp.org

From 2021 FRM exams are held three times a year for Part 1 candidates (May, July and November), and two times a year for Part 2 candidates (May and December).