Top 5 List of Risk Management Certification, Training and Association
1. Global Association of Risk Professionals (GARP)
http://www.garp.com/
Global Association of Risk Professionals (GARP) is a not-for-profit association specialized in financial risk management. The Financial Risk Manager (FRM) program was organized in 1997 and has grown steadily and dramatically. The FRM is a comprehensive examination both in content and questions. The FRM covers buy and sell-side issues as well as corporate and regulatory risk concepts. It is not geared toward any one risk management discipline.
2. Professional Risk Managers International Association (PRMIA)
http://www.prmia.org
PRMIA (Professional Risk Managers International Association is a non-profit professional association of risk professionals. The PRM (Professional Risk Manager) Certification is the global standard for financial risk managers. The exam consist of
Exam I: Finance Theory, Financial Instruments and Markets (30 questions)
Exam II: Mathematical Foundations of Risk Measurement (24 questions)
Exam III: Risk Management Practices (36 questions)
Exam IV: Case Studies, PRMIA Standards of Best Practice, Conduct and Ethics (30 questions)
3. BAI Center for Certification
http://www.bai.org
Certified Risk Professional (CRP) Developed by BAI Center for Certification, the CRP designation recognizes financial services professionals who meet a demanding set of examinations, experience, education and ethical requirements.
The CRP providing two core risk management exams:
- Financial Services Risk Management Theory, Principles and Concepts
- Financial Services Risk Management Practice and Application
and four specialty exams:
- Audit
- U.S. Regulatory Compliance
- Finance and Accounting
- Treasury/Asset Liability Management and Balance Sheet Risk Management
4. Risk Management Association (RMA)
http://www.rma-hq.org
Founded in 1914, the Risk Management Association is a not-for-profit, member-driven professional association whose sole purpose is to advance the use of sound risk principles in the financial services industry. RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk, and operational risk. Headquartered in Philadelphia, Pennsylvania, RMA has 3,000 institutional members that include banks of all sizes as well as nonbank financial institutions. They are represented in the association by 16,000 risk management professionals who are chapter members in financial centers throughout North America, Europe, and Asia/Pacific. RMA's education and training programs are geared to risk management professionals at every stage of their careers.
5. ACF Consultants (ACF)
http://www.acfconsultants.com
ACF Consultants provides training for the financial markets, including banks, corporations and financial institutions. Their approach is blended learning which integrates training tools interactive eLearning, top quality tutor-led training, and realistic simulations. ACF specializes in all aspects of the financial markets, and seminars can be pitched at any level with a focus on a particular product or topic, or deliver integrated development programs covering a wide range of instruments and issues.
