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.

Download the brochure Submit Your Application

Format:  Multiple choice | Language: English, French, Spanish, Chinese simplified and Portuguese | Questions: 50 | Duration: 60 minutes | Passing Score: 70 % | Exam mode: online and proctored based

Review manual
  • Personalized digital book branded with candidate name
  • Access to online study tools with quizzes and practice exam
  • Exam Content enriched with real-world examples and case studies
  • valuable study tips and exam techniques
Exam Voucher
  • Your Exam is online and proctored based
  • Use a webcam and a reliable internet connection
  • Take your exam anywhere and anytime
  • Get results immediately
Certification Toolkit
  • Comprehensive Learning System with exam voucher
  • Premium digital badge and certificate
  • Unique link for online verification anytime, anywhere
  • Up to 3 years of certification validity (Renewable)


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 one (1) year of risk management experience (or related fields) in the financial sector
  • Demonstrating advanced knowledge and skills in financial risk management through Completion of at least 30 hours of training with a GECB approved partner.

Note: The self-study option is available only to candidates who can demonstrate extensive experience in the field of financial risk management or equivalent.

Certification Process

  • Step 1: Determine Your Eligibility Before embarking on your journey to becoming a GECB Certified Financial Risk Manager (CFRM), it's crucial to evaluate your eligibility. Review the prerequisites and criteria to ensure you meet the necessary qualification and experience level.
  • Step 2: Submit Your Application Once you've confirmed your eligibility, submit your application for the CFRM program. Our streamlined application process is designed to make it easy for you to take the next steps towards achieving professional excellence.
  • Step 3: Application Review, Approval, or Denial Our dedicated team will thoroughly review your application to assess your eligibility. You'll receive prompt notification of either approval or denial. In the case of denial, we'll provide feedback and guidance on how to meet the requirements.
  • Step 4: Purchase Your Certification Toolkit (Upon Approval) Upon approval, you can proceed to purchase your CFRM certification toolkit. This bundle includes access to essential study materials and resources to help you prepare efficiently for the examination.
  • Step 5: Prepare for Your Exam To excel in your CFRM exam, you are encouraged to join an official training course with a GECB-approved partner, benefitting from a thorough exam preparation, expert guidance and a second chance exam retaking with 50% discount. Alternatively, self-study candidates opting for independent exam preparation should have extensive experience in the field to ensure a comprehensive understanding of the content.
  • Step 6: Schedule Your Exam GECB offers multiple opportunities to take your online exams. CFRM exams are held four times a year, at the end of each quarter. However, additional exam windows can be requested by GECB approved partners. Select a suitable exam date and write to us for scheduling.
  • Step 7: Take Your Exam Online Sit for your CFRM exam, and upon completion, receive your instant results. Our automated system will swiftly assess your performance and provide you with your exam outcome.
  • Step 8: Become Certified Upon successfully passing the exam, the certification committee will review the report submitted by your proctor. Within seven days, you'll receive your prestigious digital premium certificate suitable for framing. Our digital badges and certificates are accessible and verifiable anytime, anywhere, on any device with an internet connection. You can easily showcase your achievements to potential employers, partners or colleagues, enhancing your professional reputation and visibility on a global scale.

  • Step 9: Receive Your Hard Copy Certificate (Optional) For those who prefer a tangible symbol of their achievement, GECB offers the option to receive an official hard copy certificate with a premium stamp. Upon your request and for additional cost, our certification committee will expedite the production of this prestigious document. Within 30 days, your hard copy certificate will be dispatched through internationally recognized courier services such as DHL, UPS, FedEx, or equivalent, ensuring its safe and timely delivery to your doorstep.
  • Step 10: Maintain Your Certification At GECB, we understand that professional development is an ongoing journey. To keep your designation current and continuously reflect your expertise, each GECB certificate is valid for three (3) years. The process of maintaining your certification is straightforward. You are required to provide proof of a minimum level of continuing professional development (CPD) and renew your membership within the GECB community of certified professionals. For a nominal fee of 149 USD, your certification is extended for another three years period. There's no need to undergo the examination process again. The GECB Certification Committee will promptly issue a new premium digital certificate, ensuring your professional standing remains at its peak.

Note: With our membership policy, you will enjoy the benefits of renewing all your certifications by paying a single fee, rather than incurring separate renewal cost for each certification obtained, as our competitors do.

Join the ranks of distinguished professionals who have chosen GECB for their career development. Experience the quality and excellence that set GECB apart in the world of professional certification.

Section 1: Core Concepts of Financial Risk Management:

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
Section 3 : Market 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

Submit Your Application

2024 Exam Windows

  • March 25 or 31
  • June 24 or 30
  • September 22 or 30
  • December 22 or 30

Learning options available

Instructor-Led Learning

  • Structured Learning Environment: Ideal for individuals who thrive in a structured study environment. Instructor-led classes provide a well-organized and guided approach to your certification journey.
  • GECB-Approved Partners: These classes are conducted by GECB-approved partners worldwide, ensuring quality instruction.
  • Peer Interaction: Benefit from valuable peer discussions and networking opportunities, enhancing your understanding of the subject matter.

Instructor-Supported Learning

  • Flexible Support: Designed for candidates who seek instructor support but have unpredictable schedules.
  • Personalized Assistance: Receive personalized assistance online from GECB-approved partners.
  • No Set Meeting Times: There are no required meeting times, allowing you to complete assignments and study at your own pace.

Corporate and Group Learning

  • Tailored for Groups: Ideal for both small and large groups, offering flexibility for self-study or instructor-led classes.
  • Virtual Learning: GECB assists in organizing groups, whether participants are in one location or geographically dispersed.
  • Structured Progress Tracking: Utilize online group reporting to monitor progress, ensuring your training investment is optimized.

Self-Study Option

  • Eligibility: Suited for experienced professionals with busy or unpredictable schedules.
  • Learn at Your Own Pace: Study independently with complete autonomy in your learning process, aligning with your unique schedule.
  • Exam Flexibility: Schedule and take your exam online within the allotted period, providing convenience and control over your certification journey.
Last modified: Friday, 22 September 2023, 10:10 AM