GARP, the full name of Global Association of Risk Management Professionals, is one of the largest financial associations in the world. Its membership is huge, with a total of 150,000 people in 195 countries around the world. The association serves a wide range of clients, including thousands of banks, companies, academic and research institutions, management institutions, asset management institutions, insurance companies and non-financial companies. The main function of the GARP is to work to raise the standard in the field of global financial risk management through the exchange of information and the implementation of educational programs.
Financial Risk Manager (FRM) is the most authoritative international qualification in the field of financial risk management, established by the Global Association of Risk Management Professionals (GARP) in the United States. With a mission to "create a culture of risk awareness," GARP strives to help the risk community make more informed risk decisions. The FRM certification exam proposition, exam organization and certificate issuance are all in charge of GARP, and its content focuses on introducing the necessary knowledge system of risk management analysis and decision-making, and the test is conducted in English.
In China, the FRM certification is recognized as a national vocational qualification certificate by the Ministry of Human Resources and Social Security, and is supervised by the Vocational Skills Appraisal Center. This certification has a high degree of authority and recognition in the field of financial risk management, and is of great significance for improving the level and development of financial risk management in China.