FRM Part 2
Financial Risk Manager
Delve into advanced risk management and financial strategy with this 190-hour program, designed to sharpen your skills for the FRM Part 2 exam.
Syllabus & Subject Weights
Understand the exam weightage across all subjects
Market Risk
20%Credit Risk
20%Operational Risk
20%Liquidity Risk
15%Investment Risk
15%Current Issues
10%| Subject | FRM P-1 | FRM P-2 |
|---|---|---|
| Foundations of Risk Management | 20% | — |
| Quantitative Analysis | 20% | — |
| Financial Markets and Products | 30% | — |
| Valuation and Risk Models | 30% | — |
| Market Risk | — | 20% |
| Credit Risk | — | 20% |
| Operational Risk | — | 20% |
| Liquidity Risk | — | 15% |
| Investment Risk | — | 15% |
| Current Issues | — | 10% |
* Ethics and Derivatives in Level 3 are included in the broader curriculum modules.
Career Opportunities
Job roles you can pursue with this certification
Risk Manager
Oversees and directs risk management strategies to mitigate potential losses and enhance business continuity.
Portfolio Manager
Manages investment portfolios by analyzing market trends, selecting assets, and ensuring alignment with client goals.
Chief Risk Officer (CRO)
Leads the risk management strategy across an organization, ensuring all risks are identified, assessed, and mitigated.
Credit Risk Manager
Oversees the credit risk portfolio, managing risk exposure from lending and borrowing activities.
Market Risk Manager
Manages and monitors market-related risks, such as interest rates, commodities, and currency fluctuations.
Treasury Manager
Manages a company’s liquidity, funding, and financial risks to ensure operational efficiency and financial stability.
Investment Risk Analyst
Analyzes and evaluates the risks associated with various investment opportunities to optimize returns.
Compliance Risk Manager
Ensures that risk management practices comply with legal and regulatory requirements to mitigate legal risks.
Where FRM Charterholders Work
Trusted by leading organizations worldwide
Exam Structure
Understanding the exam format and requirements
Exam Format
- Multiple-choice questions (MCQs)
- 4 hours duration
- Total: 80 MCQs
Question Format
- 4 options per question, with one correct answer.
- Covers advanced topics in risk management and their application in real-world scenarios, including market, credit, operational, and investment management risks.
- Designed to assess your ability to apply risk management concepts and quantitative methods to practical situations.
Key Details
- Average pass rate: 50-55% (2015–2024).
- No penalty for incorrect answers—attempt every question.
- Results take 6-8 weeks due to essay grading.
Deadlines & Fees
Registration windows and exam fees for 2026
Important Details
Quick access to essential course information
