FRM

The FRM Program
The Financial Risks Manager (FRM®) designation is the globally recognized standard for those who manage risk.
Certified FRM are part of an elite, global network, and are valued by top employers across diverse businesses.

About the FRM Program
With seismic changes continuing to occur in the financial services industry worldwide, professionals who manage risk, money and investments are recognizing the need to objectively demonstrate a globally standardized level of up-to-date industry knowledge.
Requiring the successful completion of a rigorous two-part, practice-oriented examination, the Financial Risk Manager (FRM) designation provides a bedrock foundation in a profession and industry that is rapidly evolving. Since the FRM Program's inception in 1997, Certified FRMs have achieved positions such as Chief Risk Officer, Senior Risk Analyst, Head of Operational Risk, and Director of Investment Risk Management, to name a few.
The global FRM community is growing dramatically, with Certified FRMs represented at nearly every major banking institution, government regulator, consulting firm and financial services institution around the world.


FRM Program Roadmap

The FRM designation is the most globally respected certification for financial risk management, owing to a rigorous program that ensures that Certified FRMs have mastered the necessary skills and knowledge to succeed in today's rapidly changing global financial industry.
There are no educational or professional prerequisites to sit for the FRM Exam. However, to become a Certified FRM, candidates must complete the FRM Program as outlined below:
FRM_FRMProgram_Roadmap
The FRM Exam tests progressive, cumulative knowledge; the concepts tested in Part I are needed for Part II. Thus candidates choosing to sit for both Exams -- Part I and Exam Part II -- on the same day, must pass Part I before Part II will be graded.
In order to become a Certified FRM after passing the FRM Exam Part II, candidates must demonstrate a minimum of two years of risk-related full-time professional experience.
To review the requirements for FRM certification in full, please click here. To view a sample list of job titles that qualify candidates for FRM certification, please click here.
Preparing for the FRM Exam
The FRM Exam Preparation Handbook is designed to assist FRM candidates in their preparation for the FRM Exam by suggesting strategies for completing the reading material. To review this resource, and to access other study materials, please click here.


Study Materials
The following books, study guides and articles are available for free to help candidates prepare for the FRM Exam


FRM Exam Handbook + Test Bank

Financial Risk Manager Handbook Plus Test Bank is the most comprehensive guide on this subject, and will help you stay current on best practices in this evolving field. The FRM Handbook is the official reference book for GARP's FRM certification program.
Cost: Free






FRM Exam Preparation Handbook
The FRM Exam Preparation Handbook is designed to assist FRM candidates in their preparation for the FRM Exam by suggesting strategies for completing the reading material outlined in the FRM Study Guide and FRM AIM Statements documents, which together form the blueprint for Exam topic coverage.
Cost: Free
FRM_StudyMaterials_2012StudyGuide
The Study Guide sets forth primary topics and subtopics covered in the FRM Exam Part I and II. Readings are selected by the FRM Committee every year as being representative of the theories and concepts that risk managers working today have to master. The topics are reviewed yearly to ensure the FRM Exam is kept timely and relevant.
Cost: Free
FRM StudyGuide Changes 2012 Thumbnail
Deferral and Returning FRM Candidates should download this list of changes to the 2012 FRM Study Guide. This is a list of new, deleted, and updated readings from the 2011 FRM Study Guide.
Cost: Free