Which Jobs can I Apply with an FRM® Certification?

Which Jobs can I Apply with an FRM® Certification?

Earning an FRM certification is a challenging process that requires your commitment and hard work. Once you have completed both parts of the FRM program and submitted evidence of two years of relevant working experience, GARP will send your certificate to you.

You can use your FRM designation as;

  • FRM
  • Certified FRM or
  • Financial Risk Manager – certified by the Global Association of Risk Professionals

You can use your designation in resumes, biographies, personal statements, or any articles you publish. You can also use it after your name on your business cards, letterheads, or nameplate and after your name in written correspondence or as a part of your email signature.

Individuals with an FRM certification can work in the following job positions.

Risk manager

As a risk manager, you will help businesses identify and evaluate risks that could potentially affect them in the future. You will be responsible for analyzing various investment approaches such as asset allocation, fixed incomes, and hedge funds.

Operational risk manager

As an operational risk manager, your responsibility is to investigate how an organization or business is run and prepare future risks that present a danger to the company. As an operational risk manager, your goal is to moderate risks to the company as much as possible and avoid financial losses.

Credit Risk Manager

As a credit risk manager, you will be responsible for developing and implementing company guidelines and measures to reduce the credit risk for the financial institution. You will also be responsible for building and managing economic models that predict credit risk exposure to the company.

Chief risk officer

With an FRM certification, you can work your way to this executive office. As a chief risk officer, you will assess and mitigate significant threats to the institution’s capital and income at the executive level. These risks can be from competitors, new regulations, or technology.

Risk analyst

Risk analyst professionals apply analytical skills and knowledge on international business and currency markets to evaluate various investment portfolios and calculate the risk involved.

Regulatory risk analyst

As a regulatory risk analyst, you will study existing and proposed rules and regulations and determine how to apply these to your company. You will also research how these laws will impact businesses in other states and countries.

Market risk analyst/ market risk managers

Market risk managers apply their knowledge and study market trends to provide investors and companies with comprehensive market assessment reports.

How to attain the FRM certification

  1. To attain your FRM certification, you need to enroll and register for part I exams. You can enroll and register for the FRM part I exam by visiting the GARP website. You do not need prior education or work experience to qualify for the program. You will pay a one-time enrollment fee of USD 400 on your initial registration. The early exam registration fee is USD 550, and the standard exam registration fee is US 750. The registration fees, however, do not include study materials. 
  2. Once you have passed the FRM part I exams, you have up to four years to register for part II. You will only have to pay for exam registration, and the early exam registration fee is USD 550, while the standard exam registration fee is US 750. FRM part II exams are in May and December.
  3. The last step you need to take to get your FRM certification is to prove that you have gained at least two years of full-time work experience in a relevant role. You should submit evidence of your work experience after you have passed your FRM part II exams. GARP defines relevant work experience as to where you are in a role where you are involved in the identification, measurement, monitoring, or management of risk. Experience up to ten years before sitting for FRM exams is acceptable.

You should submit your work experience within five years after completion of the course. If you fail to submit it within the given timeframe, you will need to re-enroll in the program, pay all the fees and retake both FRM part exams. If you want to start your professional journey to attaining FRM certification, enroll in our study packages at Analystprep.com. You will gain access to training and multimedia tutorials from our experienced professors. We have a library of over 4,000 sample questions that will help you practice for your exam.