European Finance Observatory

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FRM (Financial Risk Manager)

The FRM is the risk management certification of GARP (Global Association of Risk Professionals). It has two exam parts covering risk models, credit, market, liquidity and operational risk, and requires two years of relevant work experience.

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Roles that need it

This is a brief definition. A full explanation with a worked example is being written.

Skills it belongs to

Sources

Updated 31 Oct 2026.