FRM is a financial risk manager certificate, which is an international financial certificate with high gold content, and some partners do not know how high the "high gold content" is. So today, Gordon will take you to understand what the FRM certificate does to know what it does!
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1. What are the subjects of the FRM exam?
There are two levels of the FRM exam, ten subjects, of which:
There are four exam subjects in the FRM level:
Risk Management Fundamentals, Quantitative Analysis, Financial Markets and Products and Valuation and Risk Modeling;
There are a total of six exam subjects in the FRM Level 2 exam:
Market Risk Measurement and Management, Credit Risk Measurement and Management, Operational Risk and Resilience, Risk Management and Investment Management, Liquidity and Treasury Risk Measurement and Management, Current Financial Market Hotspots.
2. What is the use of the FRM test?
In a word, although FRM is more practical among the financial certificates, it is definitely different from the actual risk control work.
If you want to talk about what candidates can gain after learning FRM, I think it is mainly the underlying logic of risk management. Risk management is actually about identifying, measuring, and managing risks, and the overall textbook and exam content of FRM actually revolve around this entire chain.
For example, there are four exam subjects in Level 1: Risk Management Basics, Quantitative Analysis, Financial Markets and Products, and Valuation and Risk ModelsThe financial market product and valuation risk model teaches you how to reasonably price products and manage risks, but the overall content is relatively shallow and does not involve too many quantitative issues
FRM Level 2 will be more in-depth, starting from the perspective of common risks in the market, and explaining to you the situation of different types of risks, including market, credit, liquidity, and operational risks, if these specific risks are involved, they will be relatively closer to the actual financial work.
Therefore, relatively speaking, FRM Level 2 is more practical than Level 1, but if you are a partner who has never been exposed to risk control knowledge before, you can have a relatively clear understanding and framework of risk control after learning FRM Level 1.
FRM Level 1 subjects and specific contents.
What is FRM certificate?
Financial Risk Manager Career Prospects.