Certified financial risk manager
In recent years, domestic financial practitioners are facing various difficulties in textual research. On the one hand, the international authority certification of financial risk managers mainly comes from the United States, and there is a question of whether it is suitable for China's national conditions. At present, employees of many financial institutions are at a loss when faced with international certifications such as Financial Risk Manager (FRM) and International Occupational Risk Manager (PRM), and they don't know which one to choose. On the other hand, the language barrier caused by poor English. A large number of domestic financial talents with practical experience are blocked from the threshold of international financial risk managers because of language and other reasons.
CFRM (Hong Kong Certified Financial Risk Manager) certification is localized and professional. Organized by the Hong Kong Association of Financial Risk Managers, presenting propositions, exams and certificates. On the basis of FRM, the knowledge system of financial report management in China has been adjusted, and the contents of internal control and financial statement analysis which are more suitable for China's national conditions have been added.
More importantly, CFRM adopts Chinese CFRM training and CFRM examination, and combines the most advanced foreign financial risk concept with local financial practice in China, which is especially suitable for local financial people in China.
Therefore, CFRM certification not only absorbs the most advanced financial risk management concept in the world, but also conforms to the reality of China. It is a qualified financial risk manager with China characteristics, which has opened the door for professional financial risk managers for experienced financial practitioners in China.
As a strategic goal of building Shanghai into an international financial center and establishing a strategic highland for financial talents, CFRM certificate has become a certification project approved by Shanghai Office for Shortage of Talents.
FRM (financial risk manager)
Financial Risk Manager (FRM). It is a professional qualification of international professional risk managers. Certification and examination of Global Risk Management Association (GARP).
Threshold 1: The examination is difficult: the examination subjects are comprehensive, covering market risk, credit risk, operational risk, corporate governance and other fields, involving modern management, finance, economics, quantitative statistics and other disciplines, and the knowledge structure is complex. Therefore, candidates need to undergo strict professional training, otherwise it will be difficult to understand the complex quantitative relationship and the risk nature of business and products.
Threshold 2: The examination cost is high: the knowledge is wide, the reading volume of teaching materials and review materials is about 654.38+00000 pages, and candidates spend a lot of time on review.
Threshold 3: it is not easy to obtain qualification: the application conditions for FRM certification examination are relatively loose, and there are no restrictions on candidates' academic qualifications and industries. College students can also apply. However, if you want to get the professional qualification certificate issued by GARP, you must pass many obstacles.
First of all, you must pass the difficult FRM exam; Then have more than 2 years working experience in the field of financial risk or other related fields before you are eligible to apply to become a GARP member; In addition, it is necessary to sign a professional ethics convention with GARP in order to really get started and become a professional financial risk manager.
At present, the accounting and auditing departments of domestic financial holding enterprises, securities companies, investment banks and commercial banks, asset management companies, futures dealers, insurance companies and large enterprise groups have strengthened financial risk control. This has also led to a sharp increase in the demand for financial risk management professionals in these industries.
It is understood that the current financial risk managers are well paid. Taking part in professional training and obtaining the qualification certificate is a shortcut to become one of the hot talents. At present, major banks and foreign banks in China are in urgent need of recruiting talents with this certificate. The annual salary is above 300,000-500,000 yuan.
Although institutions and organizations are used to using extremely complex risk analysis models to manage, control and prevent risks, in fact, risk managers can use the skills of empirical criteria to quickly assess and control risks and test and test the assumptions and results of the analysis models. The FRM exam attaches great importance to these operational skills. In addition, FRM tests also test the risks, regulatory practices and credit risk concepts of different financial markets and various financial instruments.
With the rapid growth of the domestic market demand for financial risk management talents who are familiar with international practices and have professional qualifications, more and more financial practitioners will obtain certificates by participating in various financial certification trainings to enhance their personal competitiveness. However, it is not easy to get a certificate, and you need to do what you can.