FRM is a qualification certification with strict examination and high recognition in the field of financial risk management. Even if it is only one level, it can also play a corresponding role.

FRM Part 1 The examination focuses on the fundamentals of financial markets, theoretical knowledge of financial instruments and methods for measuring risks.

The main examination contents of FRM level 1 for financial risk managers

FRM is a qualification certification with strict examination and high recognition in the field of financial risk management. Even if it is only one level, it can also play a corresponding role.

(1) risk management foundation, role of risk management, basic risk types, measurement and management tools, value creation of risk management, modern modern portfolio theory, standard and non-standard capital asset pricing models, index model, risk-adjusted performance measurement, enterprise risk management, financial disaster and risk management failure, case study, and guidelines of moral and virtue-oriented strategy.

(2) Quantitative analysis, discrete and continuous probability distribution, population and sample statistics, statistical inference and hypothesis testing, parameter estimation of triage, graphic representation of statistical relationship, unit and multiple linear regression, Monte Carlo method, correlation estimation and volatility and volatility term structure using EWMA and GARCH models.

(3) Financial markets and production outlets, OTC market mechanisms, forward futures swaps and options, interest rate levels and interest rate sensitivity measures, fixed-income securities derivatives, interest rates, foreign exchange, stocks, commodity derivatives, foreign exchange risks, corporate bonds and credit rating agencies.

(4) Valuation and risk model, risk rating, option valuation, fixed income securities valuation, national and sovereign risk model and management, external and internal credit rating, expected and unexpected losses, operational risk, stress testing and scenario analysis.

100 the difficult multiple-choice questions must be completed within 4 hours, not counting the time to fill in the answer sheet, with an average of only 2 minutes and 40 seconds for each question.

Being able to pass such a difficult exam is enough to prove that you have a solid understanding of financial instruments, derivatives and risk management. These are all things that can be transformed into practical work ability, and naturally they are not useless.

Is it useful to take the FRM level only? For different groups of people, FRM approved at the first level also has different uses.

College students who have not graduated:

Since the summer vacation of junior year, most students are busy preparing for next semester's autumn tricks. But if you suddenly find that you don't like your professional counterpart's work, it's too late to accumulate experience in the high-paying financial industry. At this time, the role of FRM level is highlighted.

The preparation time of 1 given by official website is about 200-300 hours. In other words, students can prepare for the May exam in junior year and participate in autumn recruitment; Or start reviewing in the summer vacation of junior year 165438+ 10, and prepare for the spring trick in 65438+ 10. The advantage of FRM is that students can register in the school, which makes it a "tool kit" for finding a job before graduation.

People who have already worked but want to change jobs:

For example, Cai, a classmate of Jincheng class, used to work in a financial information company, but later she handled a case about financial risks and wanted to change careers. At that time, she was busy with work and only had time to get through.

However, by winning the next level, she also successfully obtained the interview and successfully obtained the offer of the risk control center of the Internet finance company. FRM has only a few thousand holders in China, and things are rare. Passing the first-level exam is also a bright spot for HR to shine.

Insiders of the bank:

Admittedly, most FRM holders went to the bank. Needless to say, the bank has approved FRM. China Industrial and Commercial Bank has been the global employer of FRM licensees for a long time, followed by several major banks, such as China Agricultural Bank, China Construction Bank and HSBC. Passing the FRM examination can become the shortage of talents they need.

Furthermore, banks have direct rewards for financial certificates with high gold content, encouraging employees to conduct textual research. For example, FRM can directly exchange high bonuses through the first level or the second level.

In addition, when there is a vacancy in the post of typhoon prevention in the bank, internal recruitment will be carried out. If only you have passed the FRM Level 1 exam among the candidates, and no one else has a certificate, then you have a great advantage. For those who want to change jobs within the bank, it will be a cost-effective choice to take the FRM exam.

As the "golden certificate" in the field of financial risk control, FRM can help different people in various ways as long as it passes the first-level examination.

Although FRM level is very useful, there are many complete FRM certificates. Candidates should try their best to pass the FRM exam and get the FRM certificate as soon as possible before they can use the title of FRM Financial Risk Manager.