{"id":127,"date":"2023-06-08T09:37:17","date_gmt":"2023-06-08T09:37:17","guid":{"rendered":"https:\/\/www.trainy.co\/blog\/?p=127"},"modified":"2023-06-08T09:37:17","modified_gmt":"2023-06-08T09:37:17","slug":"focus-on-financial-risk-manager-garp","status":"publish","type":"post","link":"https:\/\/www.trainy.co\/blog\/en\/focus-on-financial-risk-manager-garp\/","title":{"rendered":"Focus on the FRM (Financial Risk Manager)"},"content":{"rendered":"\n

The Global Association of Risk Professionals (GARP) has developed the FRM<\/a> (Financial Risk Manager\u00ae) program, which is the most prestigious certification for risk management professionals<\/b> (46 of the world’s 50 largest banks have a significant number of their employees FRM certified). It specializes in risk management and modeling.<\/o:p><\/p>\n\n\n\n

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Read more : <\/b>Focus on Equity Research sector<\/b><\/a><\/o:p><\/p>\n\n\n\n

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FRM: a two-part certification<\/b><\/o:p><\/b><\/h2>\n\n\n\n

The FRM is divided into 2 parts (Part I, Part II).  Parts I and II of the FRM exam are held on the same date, with 2 sessions per year, in August and November<\/b>. Candidates have the option of taking both parts in the same session: Part 1 in the morning and Part 2 in the afternoon. A minimum of 275 hours of work<\/b> per \u00ab\u00a0Part\u00a0\u00bb is often recommended.<\/o:p><\/p>\n\n\n\n

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FRM Part I :<\/u><\/b><\/o:p><\/p>\n\n\n\n

The FRM Part I can be taken at two different times during the year and consists of 100 multiple-choice questions<\/b>. Part I is always offered in the morning (unlike Part II) and lasts 4 hours<\/b>. The pass rate for the first part of the exam is rather low (41% in 2018).<\/o:p><\/p>\n\n\n\n

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FRM Part II :<\/u><\/b><\/o:p><\/p>\n\n\n\n

FRM Part II also offers two sessions per year. This part takes place in the afternoon only and consists of 80 multiple-choice questions<\/b>. Time available for the test is 4 hours<\/b>. For Part II, the time available to candidates is 4 hours. Here too, the pass rate is low (53% in 2018).<\/o:p><\/p>\n\n\n\n

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What are the FRM Part I and Part II tests?<\/b><\/o:p><\/b><\/h2>\n\n\n\n

Part I seeks to assess your understanding of the tools used to assess financial risk.<\/o:p><\/p>\n\n\n\n

There are four key areas:<\/p>\n\n\n\n