with the rapid development of financial frontier disciplines such as financial engineering, financial econometrics and computational finance, financial risk management technology has received unprecedented attention. The Financial Risk Manager Certificate (FRM) has been recognized by Wall Street and many famous European and American financial institutions, risk management departments of large companies, government regulators and financial regulatory authorities in various countries, and has become the most authoritative certification in the field of financial risk management in the world.
risk management covers many fields, including financial quantity analysis, market risk, credit risk, operational risk, fund investment risk, accounting, law and so on. When the financial market is in trouble or crisis, effective risk management often becomes the key to the success of enterprises. This important decision, which is related to the fate of enterprises and their investors, requires the participation of many financial risk FinancialRiskProfessionals. The number of applicants for FRM worldwide has increased by more than 38% every year, and it has become an international risk management license that attracts worldwide attention. At home, it has been paid more and more attention by the national financial regulatory agencies and various financial institutions, and the demand for financial risk professionals is growing. By the end of 212, the FRM examination has been implemented for 16 years, and more than 26, people around the world have won the FRM title.
the certificate of financial risk manager is applicable to risk control personnel of financial institutions, financial unit auditors, asset managers, fund managers, financial traders, investment bankers, commercial banks, risk consultants, securities companies, insurance companies, trust companies and other financial employees. Of course, it also applies to people who are interested in financial risk management and are interested in this profession. The application conditions are relatively relaxed, and there are no restrictions on the qualifications and industries of candidates. College students can also apply for the exam.
FRM exam content:
FRM is conducted in English, and the exam is divided into two levels, all of which are standardized questions. there are 1 multiple-choice questions in FRM level 1 and 8 in FRM level 2, and the FRM exam time is 4 hours. The contents of FRM exam include market risk measurement and management, credit risk measurement and management, operation and overall risk management, law, accounting and investment risk management, etc. The review preparation time is about 14 weeks. Examinations are held once a year in May and mid-November, with test sites in 12 cities including Beijing, Shanghai and Guangzhou.
how to apply for FRM financial risk manager certificate?
to obtain the FRM certificate:
(1) you need to pass the FRM exam;
(2) Two years of working experience in financial risk management; Note: FRM must pass the second-level examination within four years after completing the first-level examination; The successful passing of FRM Level I and Level II requires two years of relevant work experience within five years.