Financial Risk Manager™ Part 2

The Financial Risk Manager (FRM®) Exam Part II is the second of two exams that comprise the FRM Program. The FRM Part II Exam, in addition to other requirements, must be passed in order for an individual to become a Certified FRM. The FRM Exam Part II focuses on the practical application of risk management tools covered in Part I to specific areas of risk management such as credit risk, market risk, and operational risk. In addition, the FRM Exam covers the application of risk management tools and techniques to the investment management process. Questions are designed to be practical and related to real-world work experiences and candidates are expected to understand risk management concepts and approaches as they would apply to a risk manager's day-to-day activities.

Click here for FRM level I

Exam Details

Time Limit: 4 hours
Cost: Varies
Number of Questions: 80
Format: Multiple Choice
Prerequisites: Passing FRM Exam Part I.
Corequisites: None
Exam Date(s): May and November
Exam Results: Usually provided within 60 days
Official Exam Website:

Additional Exam Details

Part II curriculum focuses on the practical application of risk management tools established in Part I
Market Risk Measurement and Management (25%)
Credit Risk Measurement and Management (25%)
Operational and Integrated Risk Management (25%)
Risk Management in Investment Management (15%)
Current Issues in Financial Markets (10%)

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