The Global Association of Risk Professionals (GARP):

The Global Association of Risk Professionals (GARP) is an international professional association that provides professional certifications and training in the field of risk management. GARP offers the most recognized and respected risk management certification in the world, known as the Financial Risk Manager (FRM®). The FRM® certification is designed to assess the knowledge and skills of risk professionals in the financial services industry.

What is the FRM® Certification?

The FRM® certification is a globally recognized professional certification that assesses the risk management knowledge and skills of financial services professionals. It is designed to provide a comprehensive understanding of the concepts, techniques, and tools used in the management of financial risks. The FRM® certification is offered in two parts, each part requiring a separate exam. The two parts are: Part I – Foundations of Risk Management and Part II – Advanced Risk Management.

Benefits of Obtaining the FRM® Certification:

There are numerous benefits to obtaining the FRM® certification. These include the ability to:

• Demonstrate technical knowledge and proficiency in the field of risk management

• Increase your potential for career advancement and salary

• Stand out from other candidates in the job market

• Become a more valuable asset to employers

• Enhance your professional credibility

• Expand your professional network

• Stay up to date on the latest risk management trends

Eligibility Requirements for the FRM® Certification:

In order to be eligible for the FRM® certification, applicants must meet the following requirements:

• Have a minimum of two years of full-time professional work experience in the financial services industry or a related field

• Pass the two-part FRM® exam

• Submit an application for the FRM® certification

• Pay the required fees

Preparation for the FRM® Certification:

In order to prepare for the FRM® certification, applicants should consider the following:

• Become familiar with the material covered in the two parts of the FRM® exam

• Take practice exams to help identify areas of weakness

• Enroll in a review course to gain a better understanding of the material

• Utilize study aids such as flashcards and study guides

• Attend a live review course to gain additional insights

Cost of the FRM® Certification:

The cost of the FRM® certification depends on the country in which the applicant is located. The cost typically includes the application fee, exam fees, and any additional fees for review courses or study materials.

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Maintaining the FRM® Certification:

In order to maintain the FRM® certification, applicants must meet the following requirements:

• Complete at least 20 hours of continuing education credits each year

• Submit a renewal application and pay the required fees

• Abide by the Code of Professional Conduct set forth by GARP

By obtaining the FRM® certification, financial services professionals can demonstrate their knowledge and proficiency in the field of risk management. This certification is highly respected and can open the door to career advancement and higher salaries.