CERTIFIED FINANCIAL RISK MANAGER
GECB - Certified Financial Risk Manager. Get Certified
In an increasingly complex and interconnected global financial landscape, banks and financial institutions encounter a myriad of challenges in managing risks effectively. That’s why we have developed this prestigious designation that sets the standard for risk management excellence in the financial industry. The Certified Financial Risk Manager (CFRM) program equips professionals with the skills and knowledge necessary to navigate these challenges and steer their organizations toward a more secure and sustainable future.
Format: Multiple choice | Language: English, French, Spanish, Arabic and Portuguese | Questions: 50 | Duration: 60 minutes | Passing Score: 70 % | Exam mode: online and proctored based | Renewal: After 3 years
- Personalized digital books (Newest edition)
- Online study tools with quizzes, practice exam, learning activities and resource center (instructor support not included)
- CCFRM ISSO Exam Content Manual (ECM)
- Study tips and exam techniques
- Exam cost, not included
- Your Exam is online and proctored based
- Use a webcam and a reliable internet connection
- Take your exam anywhere and anytime
- Get results immediately
- Receive your digital badge and share your achievement instantly
- Use your premium certification right away
- Access our certification registry anytime for online verification
- Study materials, not included
- CFRM Learning System and exam voucher
- 2nd Chance Exam (restrictions apply)
- Digital books, online quizzes and test with immediate feedback
- Online study tools with quizzes, practice exams, learning activities and resource center
- CFRM Exam Content Manual (ECM)
- No additional costs for up 3 years
- A digital badge and premium certificate
- Up to 3 years of certification validity (Renewable)
Description
Financial risks, such as credit risk, market risk, operational risk, and liquidity risk, can significantly impact the stability and profitability of financial institutions. The CFRM program delves deep into these risk domains, offering comprehensive training that covers risk identification, measurement, analysis, and mitigation strategies. Participants will gain insights into advanced risk modeling techniques, innovative risk management methodologies, and emerging risk trends that shape today's financial environment.
The CFRM certification is designed for individuals aspiring to excel in risk management roles within banking, investment, insurance, and other financial sectors. It also serves as a valuable validation for risk practitioners seeking to enhance their professional standing and advance their careers.
Eligibility requirements
To be eligible for the GECB Certified Financial Risk Manager, candidates must meet the following requirements:
- ·Holding a bachelor's or higher degree from an accredited institution
- ·Having a minimum of three (3) years of experience in risk management or related fields,
- ·Strong communication and interpersonal skills
- ·Demonstrating advanced knowledge and skills in financial risk management, such as through
- Completion of an approved CFRM training program or equivalent education
- ·Passing score on the CFRM certification exam.
Pre requisite
- Being a CRMS or CICRP certified in good standing
- Three (3) or more years of practical experience in internal audit or related field
- Completion of an E-Course is not mandatory from GECB portal, but is highly recommended.
Application and exam
- Step 1: Determine your eligibility
- Step 2: Choose your learning option
- Step 3: Purchase your CFRM bundle
- Step 4: Prepare for your exam through self-study or take a GECB-approved preparation course
- Step 5: Schedule your exam. GECB exams take place 4 times a year, every end of term. Additional windows may be requested by GECB-recognized partners.
- Step 6: Get certified in case of successful completion and receive your digital badge and certificate
- Step 8: Shareable and globally accessible: Your digital badges and certificates can be accessed and verified anytime, anywhere, on any device with an internet connection. You can easily showcase your achievements to potential employers, customers or colleagues, enhancing your professional reputation and visibility on a global scale.
Maintenance
Each GECB certificate is valid for three (3) years. To renew your designation, you need to provide proof of a minimum continuing professional development (CPD) and renew your membership to the GECB community of certified professionals by paying the required fees (149 USD). Your certification is then extended for three more years and a new premium digital certificate is issued by the GECB Certification Committee. No need to write the exam again.
Section 1: Core Concepts of Financial Risk Management:
- Overview of financial risk management principles
- Key risk management frameworks and methodologies
- Understanding risk appetite and tolerance levels
- Integrating risk management with business strategy
Section 2 : Credit Risk Management:
- Credit risk assessment and credit rating models
- Credit portfolio management
- Loan loss provisioning and impairment calculations
- Credit derivatives and hedging strategies
- Measurement and management of market risk
- Value at Risk (VaR) and other risk metrics
- Interest rate risk management
- Foreign exchange risk management
- Commodity price risk management
Section 4 : Operational Risk Management:
- Identifying and assessing operational risks
- Implementing risk controls and mitigations
- Key risk indicators (KRIs) and risk monitoring
- Business continuity planning and crisis management
Section 5 : Liquidity Risk Management:
- Liquidity risk measurement and stress testing
- Managing funding and liquidity positions
- Liquidity risk and regulatory compliance
- Contingency funding plans
Section 6 : Advanced Risk Modeling Techniques:
- Advanced statistical methods for risk modeling
- Machine learning applications in risk management
- Scenario analysis and stress testing
- Monte Carlo simulations for risk assessment
Section 7: Emerging Risks and Regulatory Compliance:
- Cybersecurity and technology-related risks
- Environmental, Social, and Governance (ESG) risks
- Changing regulatory landscape and compliance challenges
- Ethical considerations in financial risk management
Section 8 : Risk Reporting and Communication:
- Effective risk reporting to stakeholders
- Dashboards and risk visualization
- Risk communication and reporting best practices
- Tailoring risk reports for different audiences
Section 9: Professional Ethics and CFRM Code of Conduct:
- Principles of professional ethics in risk management
- Integrity, confidentiality, and professional responsibility
- CFRM Code of Conduct and ethical decision-making
- Case studies on ethical dilemmas in risk management
2023 Exam Windows
- March 25 or 31
- June 24 or 30
- September 22 or 30
- December 22 or 30
Learning options for any study style
Self-study
Ideal for self-starters and those with unpredictable schedules. The self-study option means you can learn on your own anytime, day or night — whatever best accommodates your schedule. The Learning System includes both digital books and access to an online, interactive platform. Contact us.
Instructor-led
Ideal for individuals who prefer a structured study environment. Instructor-led classes are offered by approved GECB partners worldwide. These traditional classes combine the Learning System with the guidance of a GECB-recognized instructor and provide valuable peer discussion and networking. Contact us.
Instructor-supported
Ideal for those who want instructor support but can’t attend classes at a set time. Instructor-supported online classes are offered either through pre-recorded video courses or personalized assistance. You may be assigned one instructor for the duration of your program, but there is no required meeting time, so you can complete assignments on your own schedule. Contact us.
Corporate and group
Ideal for small and large groups for self-study or instructor-led classes. We’ll help you organize groups of self-study or instructor-led classes virtually. Whether participants are local to one site or geographically dispersed, structured learning and online group reporting will help track progress and optimize your training investment. Contact us.