Curriculum
The FRM curriculum is based on a candidate body of knowledge as defined by the Global Association of Risk Professionals. The FRM Committee, a panel of leading risk practitioners, develops and oversees the FRM program. The FRM curriculum emphasizes the practical applications of risk management theory, and ensures that candidates have firm knowledge of the major areas of financial risk management.
The Financial Risk Manager Handbook, written by risk management expert Philippe Jorion, is the primary text for the FRM curriculum. The handbook covers the core body of knowledge for financial risk managers, covering such topics as:
- Market, credit, operational, liquidity, and integrated risk management
- Quantitative methods
- Capital markets
- Investment management and hedge fund risk
- Relevant regulatory and legal issues essential to risk professionals
The FRM syllabus is dynamic and changes every year to reflect recent events in the global financial markets.
To maintain qualification, Certified FRMs are also recommended to enroll in Continuing Professional Education Program. All participants are required to complete 40 credits of continuing education every 24 months after enrolling in the program. Credits are based on a 60 minute hour; one credit per hour.
Read more about this topic: Financial Risk Manager
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