What is the FRM certificate? What are the functions?

FRM stands for Financial Risk Manager. Today, FRM has become a required qualification in the global financial risk management field. In addition, what are the other uses of obtaining the FRM certificate?

FRM certificate What is it?

FRM certificate refers to the Financial Risk Manager certificate, which is established and recognized by the American "Global Association of Risk Management Professionals" (GARP). The Financial Risk Manager (FRM) certificate is a financial risk management For professional recognition in the field, the FRM exam adopts an all-English examination format, emphasizing the introduction of the necessary knowledge system for risk management decision-making and analysis.

What is the use of the FRM certificate?

(1) An academic level comparable to a master’s degree

The British ENIC agency once conducted an independent benchmark study It was found that the FRM certificate is comparable to a master's degree in the education systems of ten countries and regions, including South Africa, India, Australia, Taiwan, Singapore, the United States, Canada, the United Kingdom, and the European Union, and is comparable to a master's degree in the United States, Taiwan, Singapore, and India. In other countries and regions, holding an FRM certificate can be considered equivalent to meeting the master's degree standards in that place.

(2) Stand out among job seekers at well-known banks and companies

An article in Forbes magazine was quoted on the GARP official website. The article showed that ICBC, UBS, PwC Companies such as Dow, Citigroup and KPMG are banks that employ a large number of FRM certificate holders. Banks such as JPMorgan Chase, Wells Fargo, HSBC, ICBC, Bank of America and Citigroup are banks that employ a large number of FRM certificate holders. bank.

(3) In line with the development policies of financial talents in various cities in my country

Many cities in my country have established policies to introduce financial talents, among which there are many policies related to FRM, such as in Hangzhou In Hangzhou, talents who have newly obtained financial qualification certificates such as Financial Risk Manager (FRM) can receive up to 50,000 yuan in subsidies in Hangzhou. In addition to Hangzhou, there are also Chengdu, Shenzhen, Ningbo, Qingdao and other places. We have welfare policies to encourage FRM talents.

In summary, the Financial Manager Certificate refers to the certification obtained by those with financial management capabilities. In addition, the Financial Manager Certificate is helpful to individuals’ financial management knowledge reserves and employment.