The financial industry is a high-risk industry, and there are many financial risks such as exchange rate risk, interest rate risk, accounting risk, market risk, and credit risk. The gradual opening of my country's financial market and the rapid entry of foreign financial institutions have increased the operating risks of my country's financial institutions. Therefore, at present, the accounting and auditing departments of domestic financial holding companies, securities companies, investment banks and commercial banks, asset management companies, futures traders, insurance companies, and major 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. Enterprises are hungry for talents, but due to the lag in relevant domestic education, the supply of talents is obviously insufficient. Well-trained financial risk management talents with professional qualifications are rare. The talent shortage has led to salary increases. It is understood that financial risk managers receive generous salaries. Participating in professional training and obtaining qualification certificates is a shortcut to becoming one of these popular talents.

With the global financial crisis raging, financial risk management has suddenly become the focus of attention for governments and financial institutions around the world. Recently, the Shanghai Municipal Talent Training Office listed local financial risk manager (CFRM) certification training as a key development project. Industry insiders said that the "financial tsunami" has increased the risks of my country's financial industry. As the international financial environment further deteriorates, With the changes, domestic financial institutions will have an increasing demand for financial risk management talents, and the market for certified financial risk managers will have broad prospects. Financial risk management was sought after by the market. In 2008, with the collapse of Bear Stearns, Lehman Brothers, Merrill Lynch, and American International Group, the crisis that started on Wall Street eventually evolved into the world financial crisis. The financial crisis has exposed the loopholes in risk control of many financial institutions. While they are "repairing the situation", financial risk managers have become a hot commodity in the talent market. It is understood that the main positions of financial risk managers are closely related to the risk control of financial institutions, such as financial traders (brokers), investment bankers, commercial banks, risk technology companies, risk consultants, corporate accounting and audit departments, CFO (Chief Financial Officer or Director of Finance), CIO (Chief Information Officer or Chief Information Officer), CRO (Chief Risk Executive) and many more. Currently, 80% of global financial institutions have CRO positions. Industry experts said that with the gradual opening of my country's financial market and the rapid entry of foreign financial institutions, domestic financial institutions are facing increasing operational risks. At present, domestic financial holding companies, securities companies, investment banks and commercial banks, asset management companies, futures traders, insurance companies, and the accounting and auditing departments of various large enterprise groups have strengthened financial risk control, which has also led to these industries to be more cautious about financial risks. The demand for management professionals has increased dramatically. However, due to the lag in relevant domestic education, the supply of financial risk management talents is obviously insufficient. The shortage of talents has led to an increase in salaries. Due to the lucrative salaries of financial risk managers in the market, relevant qualification certification training is also becoming increasingly popular. There is a demand for localized training. According to industry insiders, currently, my country’s more authoritative certificates for financial risk management training include FRM, PRM and CFRM. Among them, the FRM (Financial Risk Manager) certification is organized by the Global Association of Risk Managers (GARP) and issues certificates. It focuses on introducing the necessary knowledge system for risk management analysis and decision-making, and adopts an all-English exam; PRM (International Professional Risk Management Manager) is basically as famous as FRM. It is a certification organized by the International Professional Risk Managers Association (PRMIA), with exams and certificates issued. However, the breadth and depth of the test is slightly higher than that of FRM, and it also uses English exams. Compared with FRM and PRM, the CFRM certification launched this time is a completely localized certification. The Hong Kong Financial Risk Managers Association organizes propositions, exams and issues certificates. Its knowledge system has been adjusted on the basis of FRM, adding content such as internal control and financial statement analysis that are more suitable for China's actual conditions. CFRM uses all-Chinese training and examinations, combines the most advanced foreign financial risk concepts with local Chinese financial practices, and is especially suitable for local financial professionals in China. "In addition, the training materials and methods of FRM and PRM are all from the United States. Due to language differences, it is very difficult for many domestic financial talents with practical experience to obtain qualification certification." said the person above. It is reported that the training of certified financial risk managers has been listed as a key development project by the Shanghai Urgent Talent Office and will be handled by Shanghai Jincheng International Finance College. Anyone who passes the examination and has relevant work experience can obtain a professional qualification certificate issued by the Shanghai Urgent Talent Office and recognized by the Shanghai Education Commission.