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Financial Risk Manager (FRM)

What is FRM?
Financial Risk Manager (FRM) is an international certification offered by The Global Association of Risk Professionals (GARP). It is suitable for anyone with an interest in risk management like bankers, IT professionals, and analytics & finance professionals.

What does a FRM do?
The job responsibilities of a risk manager include making recommendations to reduce or control risk, liaising with underwriters and insurers, forecasting and monitoring market trends, considering proposed business decisions & conducting research to assess the severity of risk.

Which are the global companies employing FRM?
Some global risk management firms include ACE, AIG, Allianz, Aon, AXA, Chubb Corp, DNV GL, Euler Hermes, FM Global, INTL FCStone, Lloyd’s, , Marsh, UNIQA and Zurich.

FRM Eligibility Criteria

Exam Eligibility

  • There are no educational or professional prerequisites needed to register for the exam. Even an undergraduate (Final year of graduation) is eligible to take FRM part 1 exam.
  • The second part of the exam can be attempted only after passing the first one.



FRM Certification Eligibility

  • Mandatory passing of both parts of the FRM exam.
  • At least two years of professional full-time work experience in the area of financial risk management or related field including, trading, portfolio management, auditing and risk consulting
  • An active fellow membership in GARP.




  • Boost credibility among peers and future employers: Any finance professional having extensive knowledge about the fields of economy and finance can work as a Financial Risk Manager, but most reputed risk management firms give immense value to a FRM credential.
  • Enhanced career options: FRM opens up avenues in trading, structuring & risk management. Some potential roles include Senior Risk Analyst, Head of Operational Risk, Chief risk officer.
  • In depth coverage of risk management concepts: FRM certification provides a detailed understanding of world economy, financial markets & products and various risk models. The rigorous knowledge about risk management enables a person to succeed as a FRM professional.

Wiley FRM Exam Review : Bayesian Analysis

Exam Structure

Exam IFRM Part I Exam IIFRM Part II


Both parts of FRM exam are offered twice a year on 3rd Saturday of May & November

Why Wiley?


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Exhaustive Content

Features formula sheets, mock exam and hundreds of practice questions


  • FRM Part I
  • FRM Part II
  • Want to become a FRM?

Part I FRM Silver Course

The course has a unique course structure that connects topics across the curriculum to make difficult topics understandable. Some other benefits are as follows:
  • Bite sized lessons for faster learning
  • Professional online mentoring
  • Print Friendly Text Covering Every Learning Objective

Part II FRM Silver Course

Our course is an apt mix of content, videos and practice to pass the FRM. We ensure ample practice with 35+ hours pre-recorded lecture videos, study guide and 480+ practice questions. Some other benefits include:

  • 1 Full-Length Mock Exam
  • Dashboard & Performance Metrics
  • Exam Planner & Personalized Study Schedule