In order to be certified as a Financial Risk Manager (FRM) and be able to use the FRM acronym after your name, the following is required:
A passing score on both Part I and Part II of the FRM Exam
A minimum of two years professional full-time work experience in the area of financial risk management or another related field including, but not limited to: trading, portfolio management, Academia (tenure track faculty), industry research, economics, auditing, risk consulting, and/or risk technology.
To complete the certification process, GARP requires at least 4-5 sentences detailing how you manage financial risk in your day-to-day work; your professional experience must encompass two years of full-time work experience. Experience completed for school will not be considered, including internships, part-time jobs, or student teaching.
Important: You have 5 years from the date you passed the FRM Exam to have your work experience verified, which you can do by completing the online form verifying your professional experience. If you fail to provide this information within the 5 year time frame, then you will be required to retake the FRM Exam in order to become a Certified FRM.
Earning the right to use the FRM designation after your name demonstrates a high standard of achievement and dedication to the profession. Thus possessing an appropriate level of professional experience is important in ensuring that the FRM designation maintains its status as the benchmark certification for financial risk professionals worldwide.
Candidates who have successfully passed the FRM Exam should consult Certified FRM Resources for more information on topics such as submitting their CV for verification, proper usage of the FRM designation, and receiving their FRM Certificate.
GARP strongly encourages Certified FRMs to further their skills and knowledge through our voluntary Continuing Professional Education (CPE) Program. This helps Certified FRMs develop their expertise and stay current in a dynamic industry. Please contact us for more information.