India is expected to emerge as the third-largest incremental GDP growth engine across the globe by 2030. On the landscape of GDP growth, organizations in India are growing at a swift rate of 25-30%. This increase in GDP has led to the emergence of multiple job opportunities in organizations for FRM professionals.

A Financial Risk Manager foresees, analyses, and controls Market Risks, Equity Price Risk, Credit Risk, Liquidity Risk, and Other Non- Market Financial Risks in an organization. Some of the prestigious designations which an FRM professional serves are as follows:

  • Financial Manager
  • Risk Qualification Manager
  • Corporate Risk Director
  • Risk Management Analysis Consultant
  • Regulatory Risk Analyst
  • Analytics Client Consultant
  • Operational Risk Analyst
  • Credit Risk Analyst

Almost every business requires FRM professionals. Financial Institutions and Banks have become the job hub for FRM professionals. With competitive remuneration packages and perks, a career in FRM can lead the path to a lucrative job. Some of the top financial institutions that hire FRM professionals at a larger scale in India are:

  1. HSBC
  2. Bank of China
  3. Agrarian Bank of China
  4. Citigroup
  5. KPMG
  6. Deutsche Bank
  7. JP Morgan Chase
  8. Wells Fargo
  9. Bank of America
  10. ICBC
  11. Credit Suisse
  12. EUBS
  13. PwC

 Global Risk Management firms like ACE, AIG, Allianz, AON, AXA, Chubb Group, and FM Global employ a large number of FRM professionals as well.

 

Salary Prospects of FRM Professionals in India

Compensation packages for FRM professionals are usually higher in the Indian Job Market. Depending on certain FRM designations, some of the salary packages are listed below: 

  • AVP, Market Risk: Average annual salary is in the range of INR 1,236,504 – INR 2,908,740.
  • Risk Analyst: Average annual salary starts from INR 800,000.
  • Senior Business Analyst: Average annual salary starts from INR 890,000.
  • Risk Manager : Average annual salary starts from INR 1,047,619.
  • Financial Analyst: Average annual salary starts from INR 776,000.

How to start your career in Financial Risk Management?

Financial Risk Management focuses on using financial instruments to manage diverse risks related to financing in organizations. To start a career in FRM, the best way is to join a prestigious online course like Wiley Online Training. At Wiley, you have the freedom to plan your own strategy of learning. With high-quality study materials and practice questions designed by key leaders of the industry, you can crack the FRM exam with ease.

 

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