Financial Risk Manager (FRM^®) Program Training

FRM^® Program Overview

The FRM Certification, administered by the Global Association of Risk Professionals (GARP^®), sets the global standard for banking and financial institutional roles in credit risk, market risk, and operational risk. The FRM designation is recognised globally as the highest standard of achievement in financial risk management. GARP determines the curriculum, administers the exam, and awards the FRM Certification. Obtaining the FRM Certification demonstrates expertise in analysing and managing financial risks.

The FRM Program focuses on the following financial risks: market risk (e.g., stock market risk, currency movements, interest rate risk), credit risk (borrowers defaulting), operational risk (e.g., systems, cyber risk), liquidity risk, and investment and portfolio risk. Holders of the FRM Certification typically work as credit risk managers, credit risk analysts, investment managers, market risk analysts, operational risk managers, traders and portfolio managers.

The FRM Program consists of two multiple-choice exams (Part I and Part II). FRM Part I and FRM Part II are both offered three times per year (in May, August, and November). The FRM Exam Part I exam consists of 100 multiple-choice questions, and the FRM Exam Part II exam consists of 80 multiple-choice questions. The length of both exams are 4 hours.

The FRM Exam Part I focuses on the tools used to assess financial risk. Part I covers the following topics: Foundations of Risk Management (20%), Quantitative Analysis (20%), Financial Markets and Products (30%), and Valuation and Risk Models (30%).

The FRM Exam Part II focuses on the application of the tools covered in Part I. Part II covers the following topics: Market Risk Measurement and Management (20%), Credit Risk Measurement and Management (20%), Operational Risk and Resilience (20%), Liquidity and Treasury Risk Measurement and Management (15%), Risk Management and Investment Management (15%), and Current Issues in Financial Markets (10%).

Preparation time for both parts vary based on the candidate’s background and experience. On average, candidates spend about 240 hours studying for each exam. However, study times vary from less than 100 hours to over 400 hours, which usually takes 3-4 months to complete.

To earn the FRM Certification, in addition to passing both parts of the exam, you need to complete at least two years of relevant work experience in the financial risk management industry. The FRM Certification is equivalent to a Master’s-degree standard (NQF Level 9 qualification). There are no educational or work requirements for taking the exam.

FRM^® Program Online Classes

Financial Training Solutions is proud to partner with Kaplan Schweser! With over 35 years as the global leader in financial designations review, Kaplan Schweser is uniquely qualified to show you the way. Kaplan Schweser has constructed the most effective and comprehensive study packages in the industry and has helped over 90,000 candidates prepare for FRM exams. Kaplan Schweser is a GARP^® Approved Exam Preparation Provider.

With Kaplan Schweser’s classes, you will be guided through the entire FRM Program curriculum with an expert instructor. The online classes are pre-recorded and archived in your online account, and can be accessed at any time. The classes guide you through the entire FRM Exam curriculum and drive the key concepts home to help you retain vital information. Structured, focused, motivated… these classes can help you pass the FRM exam – The First Time!

For FRM Exam Part I, we have 2 training options:

Flexible payment options are available by arrangement.

The prices do not include the Global Association of Risk Professionals (GARP) registration and exam fees. You need to register on the GARP website (www.garp.org) and pay them the registration and exam fees.

To enrol for the course, you need to download the enrolment form below, complete it and email it to us with your proof of payment. The banking details are on the enrolment form.

Download the FRM Part I Enrolment Form

Description of products:

• OnDemand Online Classes
  The classes consist of 15 in-depth sessions which guide you through the entire FRM Exam curriculum. The classes are pre-recorded and archived in your online account, and can be accessed at any time. You attend the classes on your own schedule. 
• SchweserNotes™ (printed books and eBooks)
  This 4-volume set consists of clear, concise study notes and examples that cover every Learning Objective (LO) in the most effective manner possible. The notes contain questions to check your understanding.
• SchweserPro™ QBank
  The QBank prepares you for the FRM exam with thousands of exam-like questions and allows you to build custom quizzes.
• Mock Exams 1 & 2
  The mock exams simulate the length, format, difficulty, and interface of the actual FRM Exam, and provide detailed solutions. The exams are in the same format [Computer-based test (CBT)] as the FRM Exam.
• Checkpoint Exams
  Two Checkpoint Exams assess your knowledge at halfway through and at the end of the study program. These checkpoint exams simulate the length, format, difficulty, and interface of the actual FRM exam.
• Topic Quizzes
  The Topic Quizzes are designed to identify your level of mastery and provide direction for any necessary remediation.
• Schweser’s QuickSheet™
  This compact study tool summarizes key formulas, definitions, and concepts for a quick review of every major topic in the FRM Exam curriculum.
• Kaplan Schweser Community
  This is a community forum to engage with Schweser experts and other FRM candidates to post questions, find answers, and engage in meaningful discussions throughout your studies. 
• Resource Library
  The Resource Library contains a collection of online reference videos that will prepare you for your studies.
• Performance Tracker
  The Performance Tracker provides detailed insights into your FRM exam readiness with progress tracking over time, benchmarking against piers, and topic-level analysis. 
• Schweser’s PassProtection™
  If you do not pass the exam, your next study package is free of charge. Terms and conditions apply.
• OnDemand Review
  The OnDemand Review consists of over 7 hours of expert instruction and review that are all available to review on your own schedule. You receive thorough review of key topics, practice questions and problem-solving techniques, and exam tips and strategies. 
• Schweser’s Secret Sauce^® (printed book and eBook)
  You can take this compact book anywhere you go – it provides a concise review of the FRM curriculum. Schweser’s Secret Sauce^® provides insights and exam tips on how to effectively prepare and apply your knowledge on exam day.
• InstructorLink™
  With InstructorLink™ you can ask questions and receive answers from a FRM instructor at any time.

Instruction

Your success on the FRM Exam depends on quality instruction… and Schweser’s classes are presented by the best in the business. The instructors are FRM Certified Professionals with years of experience teaching FRM-related courses.

Some comments from candidates on Kaplan Schweser FRM courses:

“I found the video lessons simple and very informative. The lecturers are subject matter experts which is quite helpful. The BANKS, textbooks and Secret sauce were all so helpful too.”

– Miriam Nansubuga

“The FRM material was very clearly and succinctly explained, with lots of questions ro help confirm my understanding of the material!”

– Ryan Smith

“The whole program helped me to pass FRM part II EXAM.”

– Ereny Nassef

For further information, please call 011 646 6159 or email: info@financialts.co.za