Exam Domains

1 Market Risk Measurement and Management 20%

2 Credit Risk Measurement and Management 20%

3 Operational Risk and Resiliency 20%

4 Liquidity and Treasury Risk Measurement and Management 15%

5 Risk Management and Investment Management 15%

6 Current Issues in Financial Markets 10%

Exam Details

Question TypesMultiple Choice

FormatLinear

Online ProctoringAvailable

ID RequirementsOne valid, unexpired government-issued photo ID. Name must match GARP registration exactly.

RenewalRequired -- FRM certification requires 40 hours of Continuing Professional Development (CPD) per year. CPD activities include professional development, education, and contribution to the risk management profession.

PrerequisitesMust pass FRM Part I before registering for Part II. Parts I and II must both be passed within 4 years.; 2 years of professional financial risk management experience required to receive FRM designation

Retake PolicyFRM exams offered twice per year (May and November). No limit on total attempts. Part I and Part II must both be passed within 4 years.

LanguagesEnglish, Simplified Chinese

Financial Risk Manager (FRM) Part II (FRM Part II) Exam Blueprint

Exam Domains

Exam Details

Official Study Resources