“There are several certifications in financial services such as CFA (Certified Financial Analyst), FRM (Financial Risk Manager) and ACCA (Association of Chartered Certified Accountants). Each of these certifications may become our advantage when pursuing jobs and will definitely help us to learn a field of knowledge systematically. Among certifications above, people outside of the field may rarely hear about FRM, and seldom do they know that it covers a lot of knowledge in common with the financial math program. So today we will briefly introduce FRM to you.”- Yi Chao, May 2015 Graduate, Financial Math Intern
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.
The FRM certification, as the globally recognized professional designation for financial risk managers, clearly differentiates you from your peers, providing you with a competitive advantage with colleagues, clients and prospective employers. Whether you manage risk, money, or investments, achieving the FRM certification is a career enhancer.
1. STAND OUT TO EMPLOYERS
Employers around the world realize that the FRM Program prepares candidates with the specialized knowledge and skills necessary to succeed in the dynamic financial services industry. The FRM designation is by far the best known and most respected designation for financial risk, with all of the top 25 global banks having a significant presence of Certified FRMs.
2. DEVELOP YOUR KNOWLEDGE AND EXPERTISE
Mastering the concepts underlying risk management in today's dynamic market environment will give you a holistic view of risk management. By preparing for the FRM Exam, you will gain state-of-the-art knowledge that is useful on the job every day, because the Exam is designed and updated twice a year by some of the world's leading risk professionals to reflect current marketplace issues. 90% of those who sat for the May 2013 FRM Exam would recommend that their colleagues also sit for the FRM Exam.
3. JOIN AN ELITE GROUP
The FRM certification provides you with a lifelong platform to network with some of the world's most prominent financial risk management professionals, expanding your professional opportunities within the world of finance. More than 27,000 individuals from 110 countries and territories across the globe have passed the FRM Exam, so you will become part of an elite group.
4. DEMONSTRATE YOUR LEADERSHIP
Mastering the content of the FRM Exam and completing the many hours of self-study represents a significant commitment to the risk management profession, positioning you as a leader in the field and signifying your commitment to professional excellence.
5. CONFIRM YOUR ACHIEVEMENTS
Real-world experience is an essential component of attaining FRM certification. No other financial risk designation requires candidates to demonstrate related professional experience -- so becoming a Certified FRM means considerably more than passing an exam.
6. ENHANCE YOUR REPUTATION
All Certified FRMs are expected to adhere to principles that promote the highest levels of ethical conduct and disclosure beyond following the letter of applicable rules and regulations. Employers know that Certified FRMs will help safeguard their firms' reputations.
The FRM designation creates opportunities for a diverse set of candidates to accelerate their careers, no matter what their backgrounds.
Professionals who manage risk, money, or investments and want to broaden their knowledge of the different types of financial risk enter the FRM Program in order to enhance their current skill set. Those who are earlier in their careers benefit from the breadth of the curriculum, which exposes candidates to the major strategic aspects of risk management, while more established practitioners often choose to become FRM certified in order to ensure that they are apprised of the latest trends in risk management, or they want to challenge themselves by testing their knowledge against an elite pool of risk managers.
Career changers, such as those previously working in non-risk roles, become candidates for the FRM designation in order to broaden their opportunities by gaining specialized, practical knowledge in an area of financial services that is continuing to grow rapidly across the globe.
Students with an interest in finance may elect to sit for the FRM Exam during or immediately after completing their studies as a complement to their coursework. Students realize that achieving the FRM designation demonstrates to future employers that they are able to master complex real-world challenges, since the FRM Exam is practitioner-driven. It also proves their commitment to pursuing a career in managing risk, money or investments.
Learn more from www.garp.org