Financial Risk Manager

What is it?

An FRM Exam identifies threats to assets, earning capacity, or the success of an organization. FRMs may work in financial services, banking, loan origination, trading, or marketing. Many specialize in areas like credit or market risk.
FRMs determine risk by analyzing financial markets and the global environment to predict changes or trends. It is also the FRM's role to develop strategies to counteract the effects of potential risks.

Who takes FRM Exam?

Anybody who is interested to work in the Risk Management Department of a domestic/ MNC. The FRM exam covers the application of risk management tools and techniques to the investment management process. To receive the FRM designation, candidates must successfully complete a comprehensive, two-part exam and complete two years of work experience in financial risk management.

Pattern of FRM Exam:

Starting May 2010, FRM exam is offered in two parts, FRM Part 1 and FRM Part 2.

Employers of FRM:

According to GARP, these are the top 10 companies employing the most FRMs:

• ICBC
• Bank of China
• HSBC
• Agricultural Bank of China
• Citigroup
• KPMG
• Deutsche Bank
• Credit Suisse

Typical designations of FRM Charter Holders:

Certified FRMs are most likely to be risk analysts, risk managers, credit risk analysts, market risk analysts, regulatory risk analysts, operational risk managers, or chief risk officers.