Credential type: certification examination · verified on the issuer's site September 19, 2026 issuer page
The Financial Risk Manager Part II exam is a professional certification assessment administered by GARP that evaluates advanced risk management principles across six distinct domains. Candidates must successfully pass Part I before they are permitted to register. The assessment features multiple choice questions administered in a linear format over a total duration of 240 minutes.
Risk management professionals and financial analysts who have successfully passed Part I of the program. Candidates must apply advanced concepts in market, credit, operational, and liquidity risk to complex real-world banking and investment environments.
Review official GARP study materials and learning objectives across all six domains to ensure complete understanding. Practice answering multiple choice questions under strict timed conditions to prepare effectively for the 240-minute duration and the total of 80 questions. Ensure you have successfully passed Part I before beginning your registration.
This domain focuses directly on market risk measurement and management practices within financial institutions, ensuring candidates understand complex trading books, internal models, and standard approaches for regulatory compliance.
This domain covers advanced credit risk measurement and management frameworks used by modern banks, detailing internal ratings-based approaches, standardized rules, and vital counterparty credit risk definitions for effective institutional governance.
This domain addresses operational risk and resiliency standards for the global banking sector, covering standardized methodologies, operational risk definitions, and broad institutional resiliency frameworks designed to protect systemic financial stability.
This domain examines liquidity and treasury risk measurement and management tools, focusing heavily on regulatory metrics like the Liquidity Coverage Ratio, Net Stable Funding Ratio, and high-quality liquid assets.
This domain explores advanced risk management practices applied directly to investment management, providing candidates with practical portfolio management risk tools and reliable investment risk assessment techniques for professional portfolios.
This domain reviews current issues in financial markets and recent regulatory changes, ensuring candidates stay informed about modern market developments and dynamic regulatory updates impacting the global financial industry today.
Arrive at the test center fully prepared for a linear multiple choice examination. Manage your time carefully across all 80 questions within the 240-minute duration.
The exam consists of exactly 80 multiple choice questions delivered in a linear format to test your advanced risk management knowledge during the testing session.
Passing score criteria and specific grading details are determined directly by GARP; please check with GARP for official information regarding score requirements and results processing.
The exam provides a total duration of 240 minutes for all registered candidates to carefully complete every single one of the multiple choice questions within the designated testing window.
Early registration costs approximately $600, while standard registration costs approximately $750. Please note that candidates must also successfully pass Part I first before registering for the exam.
Verified 2026-08-30
This page was built using official GARP exam guides, learning objectives, and regulatory standards documentation sourced directly from the authorized program providers.