What is FRM? FRM, the full name of financial risk manager, is the most authoritative qualification certification in the field of global financial risk management. FRM was established by the Global Risk Management Association (GARP) headquartered in the United States.
FRM background
/kloc-in the past 0/0 years, with the rapid development of financial frontier disciplines such as financial engineering, financial econometrics, computational finance, etc., financial risk management technology has received unprecedented attention, and FRM examination has also developed rapidly, which has been recognized by many famous financial institutions, risk management departments of large companies in Wall Street and Europe and America, government regulatory agencies and financial regulatory agencies in various countries, and has become the most authoritative certification in the field of global financial risk management.
Introduction to FRM
FRM, the full name of financial risk manager, is the most authoritative qualification certification in the field of global financial risk management. FRM was established by the Global Risk Management Association (GARP) headquartered in the United States. /kloc-in the past 0/0 years, with the rapid development of financial frontier disciplines such as financial engineering, financial econometrics, computational finance, etc., financial risk management technology has received unprecedented attention, and FRM examination has also developed rapidly, which has been recognized by many famous financial institutions, risk management departments of large companies in Wall Street and Europe and America, government regulatory agencies and financial regulatory agencies in various countries, and has become the most authoritative certification in the field of global financial risk management.
Influence of FRM
Risk management covers many fields, including financial quantitative 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 professionals. The number of global applicants for FRM 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 20 12, the FRM exam of 16 had been conducted, and more than 26,000 people all over the world won the FRM title.
Applicable population of FRM
Financial practitioners such as financial institution risk controllers, financial institution auditors, asset managers, fund managers, financial traders, investment bankers, commercial banks, risk consultants, securities companies, insurance companies and trust companies. People who are interested in financial risk management and this profession.
Risk controllers, auditors of financial institutions, asset managers, fund managers, financial traders (brokers), investment bankers, commercial banks, risk technology providers, risk consultants, corporate accounting and auditing departments, CFO, MIS and CIO of financial institutions. Most mainly serve large enterprises and financial workers.
General situation of FRM development
The FRM examination starts from 1997 and is held once a year in the middle of 1 1 (starting from 20 10, and the grading examination time is May and 1 1). FRM has test sites in Chinese mainland, Beijing, Shanghai, Hongkong and Taiwan Province Province. At present, China (including Hongkong and). Although FRM examination was not established for a long time, it developed rapidly. It has been recognized by famous European and American financial institutions such as Wall Street, risk management departments of large companies and government regulatory agencies, and has initially become the most authoritative certification in the field of risk management. In 2009, the FRM exam was only Grade 1 in June 5438+065438+ 10, and the graded exams (Grade 1 and Grade 2) were implemented on May 20 10. All the exams are standardized and the cost is relatively low. Therefore, friends who are interested in financial risk management or related work can improve their risk knowledge by taking the FRM exam, which also adds a heavy bargaining chip for career development and career development.