To overcome this and give them a bright career here is an emerging course known as FRM
The course is ideal for those who want to extend the career in Financial markets and risk management areas , now a days risk mgmt is gaining importance due to various risks involved.
Who can do this course?
1.CA Articleship interns
2.CA Final appeared
3.Graduates from any stream
Note : there is no prescribed educational qualification needed the above are recommendatory in nature
COURSE DETAILS:
The Financial Risk Manager (FRM®) Exam is the globally recognized standard for measuring the skills and knowledge of those who manage financial risk. A practice-oriented examination offered in two parts, questions are designed to relate theory to practical, real-world, problems. As such, candidates are expected to understand risk management concepts and approaches as they would apply to a risk manager?s day-to-day activities. The FRM Exam Part I focuses on the essential tools and concepts required to assess financial risk. Passing the FRM Exam Part I is the first step for an individual to become a Certified FRM.
EXAM DETAILS
| Time Limit: | 4 hours |
| Cost: | Varies |
| Number of Questions: | 100 |
| Format: | Multiple Choice |
| Prerequisites: | None |
| Corequisites: | None |
| Exam Date(s): | May and November |
| Exam Results: | Usually provided within 60 days |
| Official Exam Website: | http://www.garp.org/frm/ |
Part 1 curriculum covers the tools used to assess risk
Foundations of Risk Management (20%)
Quantitative Analysis (20%)
Financial Markets and Products (30%)
Valuation and Risk Models (30%)
The Financial Risk Manager (FRM®) Exam Part II is the second of two exams that comprise the FRM Program. The FRM Part II Exam, in addition to other requirements, must be passed in order for an individual to become a Certified FRM. The FRM Exam Part II focuses on the practical application of risk management tools covered in Part I to specific areas of risk management such as credit risk, market risk, and operational risk. In addition, the FRM Exam covers the application of risk management tools and techniques to the investment management process. Questions are designed to be practical and related to real-world work experiences and candidates are expected to understand risk management concepts and approaches as they would apply to a risk manager's day-to-day activities.
EXAM DETAILS
| Time Limit: | 4 hours |
| Cost: | Varies |
| Number of Questions: | 80 |
| Format: | Multiple Choice |
| Prerequisites: | Passing FRM Exam Part I. |
| Corequisites: | None |
| Exam Date(s): | May and November |
| Exam Results: | Usually provided within 60 days |
| Official Exam Website: | http://www.garp.org/frm/ |
Part II curriculum focuses on the practical application of risk management tools established in Part I
Market Risk Measurement and Management (25%)
Credit Risk Measurement and Management (25%)
Operational and Integrated Risk Management (25%)
Risk Management in Investment Management (15%)
Current Issues in Financial Markets (10%)
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