Global Association of Risk Professionals (GARP) Financial Risk Manager
The Financial Risk Manager designation, conferred by GARP, stands as a distinguished credential for professionals specializing in risk management. FRMs play a critical role in evaluating and addressing risks that have the potential to impact an organizationās economic well-being. These professionals employ mathematical and statistical methods to predict and manage risks, thereby contributing significantly to an organizationās financial resilience.
Eligibility Criteria and Educational Pre-requisites
Achieving the FRM designation involves meeting specific eligibility criteria and successfully navigating the FRM Exam, which comprises two parts. Part I and Part II cover a comprehensive range of topics, including quantitative analysis, valuation and risk models, financial markets and products, and current issues in financial markets. Candidates are required to accumulate at least two years of full-time work experience in a financial risk role and provide evidence of their professional role in financial risk management.
Career Opportunities
FRMs shoulder crucial responsibilities in financial risk management. Their duties include assessing financial risks and formulating strategies to mitigate them, detecting potential risks that could impact an organizationās economic well-being, and actively monitoring and managing existing risks. FRMs play a pivotal role in reporting risks and related activities to senior management or boards of directors, ensuring informed decision-making at the highest organizational levels.
Salary Prospects
Salaries for FRMs in India exhibit significant variability, ranging from $55,000 to $150,000 annually, as reported by PayScale and other reputable sources.
Contact Us