FRM – 2002 – FRM Examination by 2004 Schweser Study Program with Answers

Author: FRM

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FRM Examination by 2004 Schweser Study Program

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What are the requirements for FRM Certification?

Pass the FRM Exam Part I

Pass the FRM Exam Part II within 4 years

Demonstrate 2 years of related work experience

A candidate cannot use the FRM designation after their name in any manner until they have been certified.

How much time do I have to complete the FRM Certification process?

Once a candidate passes the FRM Exam Part I, they must then pass the FRM Exam Part II within 4 years. Candidates have 5 years from the date they pass the FRM Exam Part II to have their work experience verified.

What’s on the FRM Exam Part I?

The FRM Exam Part I focuses on the tools used to assess financial risk. They include:

Foundations of risk management concepts

Quantitative analysis

Financial markets and products

Valuation and risk models

What’s on the FRM Exam Part II?

The FRM Exam Part II focuses on the application of the tools acquired in the FRM Exam Part I. They include:

Market risk measurement and management

Credit risk measurement and management

Operational and integrated risk management

Risk management and investment management

Current issues in financial markets

What is the FRM Committee?

The FRM Committee is a select group of risk management experts from around the world. Committee members represent all aspects of financial risk management and possess an expertise in one or more risk management disciplines.

Current members include practitioners in:

Academia

Asset Management

Corporate

Credit, Operational and Market Risk

Emerging Markets

Insurance

Legal and Regulatory Practices

Rating Agencies

Quantitative Disciplines

What does the FRM Committee do?

The FRM Committee plays a vital role in preparing the FRM Exam. The Exam topics and their respective weightings are reviewed yearly to ensure the FRM Exam is kept timely and relevant.

Who is on the FRM committee?

Dr. René Stulz (Chairman) – Ohio State University

Rich Apostolik – Global Association of Risk Professionals

Richard Brandt – Citibank

Dr. Chris Donohue – Global Association of Risk Professionals

Hervé Geny – Thomson Reuters

Keith Isaac, FRM – TD Bank