• Awarded by Global Association of Risk Professionals, GARP.
• GARP is a not-for-profit independent association of close to 100,000 risk management practitioners and researchers representing banks, investment management firms, government agencies, academic institutions, and corporations from more than 167 countries worldwide.
• GARP works with central banks, governmental agencies and regulatory bodies in educating financial professionals.
• Currently, there are 24,058 FRMs worldwide represented in banks, government agencies, regulatory bodies, investment boutiques and exchanges.
• In 2009, the passing rate for FRM Part I examination is 55.2% and 44.1% for the full examination.
• Official website: http://www.garp.com

• Part I

• Foundations of Risk Management

• Quantitative Analysis

• Financial Markets and Products

• Valuation and Risk Models

• Part II

• Market Risk Measurement and Management

• Credit Risk Measurement and Management

• Operational and Integrated Risk Management

• Risk Management and Investment Management

• Current Issues in Financial Markets 

• 84 hours of instructor-led training

• Part I: 42 hours

• Part II: 42 hours

• 3 hours of pre-course workshop

• 3 hours of guest lecture

• 2.5 hours of examination strategy workshop

• 8 hours of mock examination and examination drill 

• Blended-learning mode with examination-focused

• Study package approved by GARP, including Aim Statement, Practice Examination paper, supplementary articles and so forth.

• KORNERSTONE is the No.1 FRM training provider in Hong Kong in terms of its number of candidates trained during 2007-2009 (listed in GARP).

• Real case studies will be adopted in class to enable practical application of financial risk management knowledge

• Guest lecture by seasoned industrial expert to address the examination topic “Current Issue”

• Free re-sitting for those who fail the exam and have 80% of attendance or above (on a first come first serve basis)

• Eligible for Continuing Education Fund (CEF)

• A passing score on the FRM examination
• Active membership in the Global Association of Risk Professionals (GARP)
• A minimum of two years of work experience* in the area of financial risk management or any other related field including, but not limited to, trading, portfolio management, academic or industry research, economics, auditing, risk consulting and/or risk technology.

* For those who do not have sufficient work experience may submit your 2 years of work experience within 5 years upon passing the FRM examination.

Part I

• 4-hour examination (morning session)
• 100 multiple-choice questions

Part II

• 4-hour examination (afternoon session)
• 80 multiple-choice questions 

FRM examination blueprint:

Registration Fee for New Candidates (FRM exam on November 20, 2010)

• 	Part I	Part II
  Early Registration (1/6 -31/7/2010)	US$650	US$350
  Standard Registration (1/8-31/8/2010)	US$775	US$475

   

Mr. Jack Tsang

• President, IAFM HK Chapter
• Financial Risk Manager, FRM^®
• Chartered Wealth Manager™ (CWM™)
• Chartered Financial Analyst®(CFA^®)
• CERTIFIED FINANCIAL PLANNER^cm (CFP^cm)
• Certified Public Accountants (CPA)
• Registered Corporate Coach (RCC)
• NLP Master Practitioner
• Master of Laws in Corporate and Financial Law
• Master of Science in Finance

Mr. Kingston Ho

• Senior Risk Manager of an European Bank
• Formerly a director of UBS Investment Bank
• Held senior positions at The Royal Bank of Scotland and Calyon
• Financial Risk Manager, FRM^®