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ERPCandidate Guide
2015
1The ERP was developed in response to the growing need for risk
managers who understand the breadth and complexity of risk
across the physical and nancial energy markets.
Whether you currently work in the energy industry or are inter-
ested in transitioning to a career in energy, earning the ERP
designation can help accelerate your career and professional
development.
Topics covered in the ERP Program are meant to improve your
understanding of how global energy markets operate and inu-
ence one another. This framework for identifying and analyzing
a variety of energy risk-related issues, and can dierentiate you
when being considered for assignments of increasingly higher
responsibility.
The ERP Exam is developed with a panel of leading energy risk
practitioners whose expertise spans the full range of disciplines
covered by the exam. Updated annually, the ERP curriculum is
derived from current industry standards and practices. It creates
a link between the physical and nancial energy markets.
the ERP curriculum covers:
Exploration, production, transportation, storage, rening, processing, and
distribution of physical energy
commodities
Structuring and valuation of nancially traded energy products
Identication and management of market, credit, and enterprise
management risk
The Energy Risk Professional (ERP) designation is the only global certification for risk professionalsin the energy field.
ERP CandidatE GuidE | OvERviEw
The ERP Exam is a comprehensive, practice-oriented assessment that spans both the physical and financial markets.
Test weights and question allocation are structured to create an exam that
balances intellectual rigor against exam validity and reliability, two important
characteristics of any professional certication exam.
Enrolling in the ERP Program is straightforward; candidates register for the
ERP Exam online via the GARP website. The ERP Exam is oered twice a
year, in May and November. There are no educational or professional prereq-
uisites to register for the ERP Exam.
After achieving a passing score on the ERP Exam, a candidate must satisfy a
work experience requirement in order to be certied. Candidates demonstrate
a minimum of two years of full-time work experience in the area of energy
risk management or another related eld including, but not limited to: trading,
portfolio management, faculty academic, industry research, economics,
auditing, risk consulting, and/or risk technology. A sample list of job titles
that GARP uses for ERP certication purposes is available on our website.
Once certied, ERPs are required to further their skills and knowledge through
a mandatory Continuing Professional Development (CPD) program. GARPs
CPD program provides a formal means to meet the growing demands of
their profession while ensuring the ongoing integrity of the certication.
CPD oers ERPs a framework to remain abreast of industry trends such as:
challenges and solutions in energy modeling and optimization of physical
assets, enterprise risk management, fundamental supply and demand trends
in physical energy commodity markets, and compliance with new accounting
and regulatory initiatives. The CPD program requires 40 credit hours to be
earned every two years.
ERP Exam8 hours/140 questions
demonstrate 2 Years Related work Experience
CertiedEnergy Risk Professional
Mandatory Continuing Education 40 hours/2 years
2
in 2014 ERP candidatescame from 70 dierentcountries acrossthe globe
2014: 1300+ registrations for theERP Exam
Top 7 countries/regionswith the most ERPs: United States33%, UnitedKingdom10%, Canada9%,India7%, Singapore6%,Switzerland6%, Germany5%
{organizations have had three or more registrations for theERP Exam since 2009
400+
Registration has grown
an average of
per year since 201017.5%&
4GARPs Energy Oversight Committee (EOC), a panel of
the leading energy risk practitioners worldwide, supervises
the development of the ERP Exam. Current members
include academics and practitioners with expertise in risk
consulting, risk management, commodity trading, and
quantitative analysis from both the physical and nancial
energy markets.
The ERP curriculum is developed in conjunction with the
EOC to address the fundamental knowledge, skills and
abilities necessary for professionals that manage risk in
the energy industry. This body of knowledge is published
in the ERP Study Guide. A more detailed summary of the
key learning objectives associated with each topic are
summarized in the ERP Program Manual.
ERP Exam StructureThe ERP Exam is a pencil and paper multiple choice exam
of 140 questions. The ERP Exam is eight hours long and is
divided into two sessions of four hours each, the AM session
and the PM session.
Each session contains 70 multiple choice questions. The
exam is oered exclusively in English, twice a year in May
and November, in person at approximately 90 exam sites
around the world. This approach ensures that there is
fairness and consistency for all candidates globally.
ERP Exam ContentThe ERP Exam is a comprehensive, practice-oriented
assessment that spans both the physical and nancial
energy markets. Candidates are expected to demonstrate
an understanding of important concepts associated with
several broad areas of study.
The content and question allocation for the 2015 ERP Exam
has been structured to balance intellectual rigor against
exam validity and reliability, two important characteristics
of any professional certication exam.
The test weights for the 2015 ERP Exam are as follows:
PHYSICAL ENERGY COMMODITIES AND ELECTRICITYtOtaL wEiGHt: 50%
Mineral Rights and Project development (5%) Mineral rights and project development
Project development and real options
Crude Oil Markets and Rened Products (15%) Crude oil production
Global crude oil benchmarks
Crude oil transportation and storage
Petroleum rening
Unconventional Oil
natural Gas and Coal Markets (10%) Natural gas properties, transportation and storage
Global natural gas markets and price dynamics
Global coal markets
Electricity Markets and Renewable Generation (20%) Economics of electricity markets
Cash markets for power trading
Analytical tools and structured solutions for
electricity markets
Global market design
Renewable generation, integration and project
nance
The ERP Exam: Structure and Content
Companies Employing the Most ERP Candidates
FinanCiaL inStitutiOnS Barclays Capital
Citi
Credit Suisse
HSBC
JPMorgan Chase
Morgan Stanley
Standard Chartered
UBS
EnERGY COMPaniES BP
Capital Power
Constellation
DTE Energy
EDF Energy
ENI
E.ON
Gazprom
GDF SUEZ
Hess
Litasco
RWE AG
Shell
Statoil
TransAlta
COnSuLtinG FiRMS Allegro
Deloitte
EY
KPMG
PwC
Sapient
PuBLiC/GOvERnMEnt aGEnCiES Federal Energy Regulatory
Commission (FERC)
5
FINANCIAL PRODUCTS AND RISK MANAGEMENTtOtaL wEiGHt: 50%
Financially traded Energy Products (15%) Commodity trading and risk management
Forward contracts and exchange traded futures
Energy commodity swaps
Options and option strategies
Natural gas and crude oil market dynamics
Regulation of nancially traded energy products
data analysis and Market Risk (15%) Data analysis tools and applications
Market risk tools
Energy spot price formation
Energy price volatility and modeling
Credit, Counterparty, and Country Risk assessment (15%) Fundamental credit assessment
Credit exposure metrics
Counterparty credit exposures, pricing, mitigation and documentation
Central counterparty clearing
Wrong-way risk
Country risk assessment
Enterprise Risk Management and Business Ethics (5%) Enterprise risk management (ERM) framework
Determining and communicating risk appetite and risk tolerance
Quantitative and qualitative risk metrics
Implications of E3 and a Complex Infrastructure System (CIS)
The GARP Code of Conduct
6Registration PeriodsCandidates can register online for the ERP in one of three
registration periods: Early, Standard, and Late. There is a
dierence in price between the three periods, which are
detailed in the Fees section below.
FeesWhen registering for the ERP Exam for the rst time,
candidates pay an enrollment fee and an exam fee.
The enrollment fee covers the basic costs associated
with developing the ERP Program and administering the
ERP Exam. Candidates are required to pay the enrollment
fee when they initially register for the ERP Program.
The enrollment fee is to participate in the ERP Program,
not to sit for the exam. Additionally, the enrollment fee
entitles you to a complimentary one year GARP Individual
Membership (a US$195 value). Fees can be paid via secure
online payment, by check (if drawn on a U.S. bank and
payable in U.S. dollars), or by wire transfer.
The Exam Fee is the cost to sit for a particular exam. This
fee varies based on the registration period. Fees associated
with each registration period are as follows:
Early Registration: US$450 Standard Registration: US$575 Late Registration: US$750
DeferralsAn ERP candidate may only defer exam registration once to
the next test date. Please note:
A deferral to the next examination date must be submitted by the last day of registration. For example,
the last day of registration for the May Exam is April 15;
for the November Exam the last day of registration is
October 15.
There is an administrative processing fee of US$100 that accompanies each exam deferral.
This fee is payable by credit card only at the time of your
deferral request.
Suggested readings will change from year to year.
More information on deferring the ERP Exam can be found
on GARPs website.
Registering for the ERP Exam
In 2015, the ERP Exam will be offered on May 16, 2015 andNovember 21, 2015.
BEFORE REGISTRATION: A CHECKLIST
Before registering for the ERP Exam, we suggest that you:
Ensure that your passport or drivers license will not expire by the date of the exam, and the name on your passport or drivers license exactly matches the name under which you are registering for the exam.
Only a current and valid passport or drivers license, which must include a photograph of the ERP candidate, will be accepted for identication purposes. GARP will not accept work/employer identication cards, voter identication cards, PAN cards, a learners permit or even a student identication card.
The name on your passport or drivers license must be exactly the same as the name on your exam registra-tion. For example, the name cannot be used to register for the exam; Xuecheng Li would be the correct name to use to register using the phonetic alphabet.
We cannot list all forms of identication that are not acceptable. This is why we only accept an original country-issued passport or drivers license for admission.
Please visit our website for additional information on our ID policy, to ensure you are not turned away on exam day.
Familiarize yourself with key ERP Exam deadlines.
Learn about GARPs exam policies.
Decide where to take your exam.
Review, understand and agree to GARPs Code of Conduct and Candidate Responsibility Statement.
Evaluate your need for special accommodations for Americans with Disabilities (ADA), or request an alternative exam date for religious reasons (RAD).
7
PASSPORT
COPYCOPYCOPYCOPY
DRIVERS LICENSE
12/34/5678PERMANENT ACCOUNT NUMBER
8Due to the sizeable amount of material covered in the exam, we suggest that
you create a weekly study schedule to spread out study hours over an extended
period. Cramming for the exam in the few weeks leading up to it is not recom-
mended. The time needed for exam preparation will vary from person to person
and will be based on a number of factors including an individuals professional
experience, their general level of knowledge of the energy markets and reading
comprehension aptitude. For past exams, a majority of candidates report
spending anywhere between 150 to 400 hours preparing for the exam.
Study Materials The ERP Study Guide summarizes all required readings for the ERP Exam.
In addition, Key Concepts appear as bullet points at the beginning of each
section of the Study Guide and are intended to help candidates identify the
major themes and knowledge areas associated with a particular section.
The ERP Program Manual was developed to assist ERP candidates in their preparation for the ERP Exam by outlining learning objectives and
suggesting strategies for completing the reading material detailed in the
ERP Study Guide. The manual also contains a sample 15-week study plan.
It can be downloaded from the GARP website.
Practice Exams are available and are free to registered candidates on the GARP website. Candidates are strongly encouraged to download and
take the ERP Practice Exams. Practice Exams will provide candidates with
a good sense of the question types to expect when sitting for the actual
ERP Exam, and will allow the candidate to estimate how much time they
can expect to spend answering individual questions. Each Practice Exam
contains questions, answer keys, and detailed explanations for all answers.
It is recommended that candidates mimic exam day conditions when taking
each Practice Exam. Allocate 1.5 hours for each exam with only paper, pencil,
calculator, and a timer.
ERP ExamStudy GuideThe designation for risk professionals in the energy sector
2015
2015
ERPProgram Manual
2015
ERPPractice Exam
Preparing for the ERP Exam
To help ERP candidates get ready for the ERP Exam, GARP provides studyresources, Practice Exams, and information on approved, third-party ExamPreparation Providers.
9 ERP Core Readings and Course Packs. The ERP Core Readings cover risk management in both the physical and nancial sides of the global energy
markets. Study areas include: the production, distribution and trading of
physical energy commodities; the structure of worldwide electricity markets;
the structuring, trading and valuation of energy-based nancial instruments;
principles for modeling energy price behavior; techniques for evaluating
and managing risk in the energy markets; and principles for evaluating and
managing credit, counterparty, and country risk.
Exam Preparation ProvidersSome candidates for the ERP Exam may wish to study the exam material
with the assistance of an ERP Exam Preparation Provider. Exam Preparation
Providers may oer courses online or in person.
GARP provides a list of approved ERP Exam Preparation Providers on our
website as a service to ERP candidates. Please note that GARP does not
endorse, promote, review or warrant the accuracy of the products or services
oered by providers of ERP related information, nor does it endorse any
pass rates claimed by the Exam Preparation Provider. Further, GARP is not
responsible for any fees or costs paid by the user to an ERP Exam Preparation
Provider.
Study GroupsWhile the ERP curriculum is designed to be a self-study program, many
candidates nd that studying with their peers positively impacts their exam
preparation. You can connect with other ERP candidates to form study groups
by joining our Facebook or LinkedIn groups. Alternatively, many GARP Profes-
sional and University Chapters now facilitate study group sessions that enable
ERP candidates in the same city or region to meet each other and ask GARP
Regional Chapter Directors questions about the exam.
2015
ERP ExamCourse PackVOLUME 1Mineral Rights and Project DevelopmentCrude Oil Markets and Refined ProductsNatural Gas and Coal Markets
2015
ERP ExamCourse PackVOLUME 2Electricity Markets and Renewable Generation
2015
ERP ExamCourse PackVOLUME 3Financially Traded Energy Products Data Analysis and Market Risk
2015
ERP ExamCourse PackVOLUME 4Credit, Counterparty, and Country Risk AssessmentEnterprise Risk Management and Business Ethics
10
Exam LocationsThe ERP Exam is a pencil and paper multiple-choice exam
oered exclusively in English. This in-person approach
ensures that there is fairness and consistency for all candi-
dates, globally. While cities remain the same, locations
within each city may change from year to year. A complete
list of exam sites is available on the GARP website.
IdentificationUpon your arrival at one of the exam sites, only a current
and valid government-issued passport or drivers license,
which must include a photograph of the ERP candidate, will
be accepted for identication purposes. The name on your
passport or drivers license must be exactly the same as the
name on your exam registration. For more information, visit
the GARP website.
CalculatorsOnly GARP-approved calculators are permitted to be used
at the ERP Exam. Use of a non-authorized calculator during
the exam will result in the candidates answer sheet not
being graded, and the candidate will receive no score
for the exam. Candidates may not consult the operators
manual for their calculator during the exam. Calculator
memory must be cleared prior to the start of the exam.
The calculators approved for use during the ERP Exam are:
Hewlett Packard 12C (including the HP 12C Platinum and the Anniversary Edition)
Hewlett Packard 10B II Hewlett Packard 10B II+ Hewlett Packard 20B Texas Instruments BA II Plus (including the BA II
Plus Professional)
GARPs calculator policy should be reviewed on the GARP
website in advance of exam day.
Prohibited ItemsIn order to maintain the integrity of the testing process,
no cameras, mobile phones (including smartphones
or iPhones), computers, pagers, headsets or PDAs are
permitted. Additionally, baggage of any kind such as
backpacks, handbags, tote bags, briefcases, laptop bags,
luggage, carrying cases or pencil cases is not permitted in
the testing room, although a designated area away from
the testing room can be accessed during the examination.
A full list of permitted and prohibited items can be found
on the GARP website under Exam Center/Room Policies.
Sitting for the ERP Exam
The exam is offered in person at approximately 90 exam sites aroundthe world.
Duration of the ExamEach part of the ERP Exam is four hours long, for a total of eight hours.
The AM session consists of 70 multiple choice questions and the PM
session also consists of 70 multiple choice questions. You must sit for
both the AM and PM sessions in order for your ERP Exam to be graded.
Both the AM and PM sessions must be attended in a single exam
administration.
Scoring the ExamThere are no penalties for incorrect answers. The passing score is
determined in conjunction with the Energy Oversight Committee.
Exam ViolationsGARP seriously reviews each and every exam Violation Report. Here are
some of the violations that have resulted in a Candidate Violation Report
being led and, subsequently, a candidates exam not being graded:
Candidate began the exam early Candidate opened the exam booklet early Candidate continued to write after the session ended Candidate brought a cellular telephone into the exam room Candidate was caught cheating Candidate violated GARPs calculator policy
Exam ResultsExam results are pass/fail and are released via email approximately
six weeks after the exam is administered. Candidates are provided with
quartile results that enable them to see how they scored on specic
areas relative to other candidates.
What to bring on exam day: Exam admission ticket Current drivers license or
passport approved calculator #2 or hard black (HB) pencils
the following items may be carried in your pockets or in transparentplastic bags. Plastic bags must be placed under your chair andmay be accessed during the exam. wallet (or money purse) Calculator batteries Erasers Pencil sharpeners Eyeglasses Earplugs Medicine tissues Other medically necessary or
personal items
Food and drink containers may notbe opened in the testing room. allfood and drinks must be consumedoutside the testing room.
11
Using the ERP to Build Your Career
Certified ERPs have a competitive advantage that provides them the opportunity to accelerate their careers across many facets of the energy space.
Candidates who pass the ERP Exam demonstrate their understanding of
the unique link between physical energy commodity markets and the nan-
cially traded instruments, as well as their mastery in the measurement and
management of energy risk.
Candidate TypesEnergy Professionals Professionals in the energy space leverage the ERP certication to broaden
their knowledge of the complex energy value chain, to sharpen their ability to
identify, analyze and manage risk, and to remain abreast of emerging trends
across the energy industry, particularly in areas where they have less direct
professional experience.
For younger energy professionals near the start of their careers, becoming a
ERP is an excellent way to stand out among their peers while demonstrating
a commitment to the energy industry.
Career ChangersCareer changers, such as those individuals previously working in non-nance,
non-risk, or non-energy roles, become ERPs in order to develop specialized,
practical knowledge in the rapidly growing global energy space. Undertaking
the rigorous course of study to become an ERP signals commitment to the
energy sector.
StudentsStudents with an interest in a career within the energy eld may elect to
sit for the ERP Exam during or immediately after completing their studies
in order to complement their prior coursework or to develop a base of
specialized knowledge that was not available in their university curriculum.
Students recognize the benet of signaling to prospective employers their
dedication to learning about the energy marketplace through engagement
in the ERP Program.
13
14
Career BenefitsStand out to current and prospective employersWhether you currently work in the energy industry or are
interested in transitioning to a career in energy, earning the
ERP designation can help accelerate your career. Becoming
an ERP demonstrates your commitment to the energy
markets. It empowers you with a knowledge framework for
identifying and analyzing a variety of risk-related problems
across the energy value chain, while instilling condence
to seek assignments with increasingly higher levels of
responsibility.
Join an elite groupERPs join a lifelong network of similarly-minded risk
management professionals, allowing you to expand your
professional career opportunities within the worlds of
nance and energy. Candidates for the ERP designation
work in a number of industries, including:
Energy companiesincluding oil, power, natural gas and LNG, renewables
Financial Institutionsincluding commercial and investment banks, asset management rms, hedge funds
Consulting rms Technology rms Government agencies
demonstrate your leadershipMastering the ERP curriculum requires discipline and repre-
sents a signicant commitment to the risk management
profession and energy markets. Because of this, ERPs
are considered leaders in the industry with a strong
commitment to professional excellence.
Conrm your achievementsReal-world experience is an essential component of
attaining ERP certication. Candidates are required to
demonstrate related professional experienceso becoming
a Certied ERP means considerably more than passing
an exam.
Enhance your reputationAll ERPs are expected to adhere to principles that promote
the highest levels of ethical conduct and disclosure beyond
following the letter of applicable rules and regulations.
Employers know that ERPs will help safeguard their rms
reputations.
Join a Global NetworkERPs Come from 56 Countries:Australia Austria Belgium Brazil Bulgaria Canada China Cyprus Czech
Republic Denmark France Germany Ghana Greece Hong Kong Hungary
India Indonesia Ireland Italy Jamaica Japan Kenya South Korea Kuwait
Lebanon Luxembourg Malta Namibia Netherlands New Zealand Nigeria Norway
Pakistan Philippines Poland Portugal Qatar Romania Russian Federation
Saudi Arabia Singapore Slovakia Slovenia South Africa Spain Sweden
Switzerland Taiwan Thailand Trinidad and Tobago Turkey Ukraine United
Arab Emirates United Kingdom United States of America
15
Q. How much time is needed to prepare for the ERP Exam? A. Candidates preparation times will vary based on
their prior professional experience level, academic
backgrounds, and familiarity with the concepts tested on
the curriculum. It is dicult to recommend a particular
number of hours to dedicate to studying, but candidates
should expect to commit to between 150-400 hours of
preparation time.
Q. How much work experience is required before sitting for the ERP Exam?
A. There are no educational or professional prerequisites to sit for the ERP Exam. However, there is a professional
experience requirement that must be fullled before
candidates can become certied as an Energy Risk
Professional. To review ERP certication requirements,
visit the GARP website.
Q. How quantitative is the ERP Exam?A. The ERP Exam is not meant to be a rigorous quantitative
exercise that requires memorization of highly complex
formulas. ERP candidates are, however, expected to
have an understanding of fundamental quantitative
concepts and relationships covered in the core readings.
Candidates should be prepared to solve a number
of mathematical calculations based solely on their
understanding of these fundamental concepts. While
we do not provide a list of formulas for the exam, in
some cases, particularly for more complex or obscure
calculations, information about terms or values within
an equation may be provided to the candidate in the
question.
Q. what are my career prospects after becoming a Certied Energy Risk Professional?
A. By choosing the ERP, you are selecting the only risk management designation in the world for energy
risk professionals. As global economies continue to
rebound and the world population grows, global
energy requirements will expand, creating demand for
highly trained energy risk professionals. Earning your
ERP designation not only broadens your skill set, it
demonstrates a standardized level of industry knowl-
edge, making you a recognized leader in energy risk
management.
Q. what is the dierence between the FRM and the ERP? A. Many of the techniques used to evaluate and manage
market, credit, and operational risk in traditional nan-
cial markets have been adopted and applied to energy
risk management. However, the factors that drive
price formation, volatility, and risk in physical energy
commodity markets are quite dierent from conven-
tional nancial assets like equities, xed income and
foreign exchange. In addition, forwards, futures, and
swaps have been more heavily emphasized in the ERP
curriculum given their extensive use in energy markets.
Finally, the capital investment and highly leveraged
physical facilities required in energy production, genera-
tion, distribution and storage infrastructure creates a
unique set of nancial, operational and safety challenges
not found in the nancial markets. A unique curriculum
that integrates knowledge about physical energy
markets, nancially traded products used in energy
trading and hedging activities, and risk management
applications all characterize and distinguish the ERP
from the FRM.
Frequently Asked Questions
16
Q. in what languages can i take the exam?A. The only language that the exam is administered and
instructions read on exam day is American English. The
ERP Exam is not oered in any other language. The
dialect used in the examination is American English.
GARP is aware that not every ERP candidate has
American English as his or her native language. In the
exam development process, GARP strives to ensure that
questions are written in a clear, concise form and avoid
the use of colloquialisms or other terms or phrases that
may be unfamiliar to a non-native American English
speaker.
Q. do i have to be a member of GaRP to sit for the ERP Exam?
A. No. Membership is not required to sit for the ERP Exam. However, you will receive complimentary membership
privileges as an Individual Member of GARP for one year
upon paid enrollment in the ERP Program.
Q. is continuing education mandatory for Certied ERPs? A. ERPs are required to participate in the CPD program in
order to use their ERP professional designation. The CPD
program is based on 24-month cycles and participants
are required to earn 40 credits each cycle. As a general
rule, 60 minutes spent on an educational activity is equal
to one CPD credit.
Further information about the ERP Program and Exam can be found on GARPs website, garp.org/erp, or you can contact GARP
directly with any additional questions at [email protected].
Frequently Asked Questions
About GARP
The Global Association of Risk Professionals (GARP) is
the only globally recognized professional association for
nancial and energy risk certication and education. In
fullling our unique mission to elevate the practice of risk
management at all levels throughout an organization,
GARP sets the global standard through independence,
expertise, and leadership.
Founded in 1996, GARP is a nonprot, nonpartisan
membership organization. GARP does not engage in
political lobbying or donations, allowing us to be a true
advocate for our Members and the risk profession.
This independence enables us to develop, design, and
administer certication programs that reect industry
best practices. A volunteer Board of Trustees, composed
of leading risk management practitioners from some of
the most prominent global nancial rms and universi-
ties, oversees our Association.
From its inception, GARPs exclusive focus has been on
risk management. Maintaining this focus has enabled
GARP to develop unmatched expertise in risk, which we
transmit globally through our professional designations.
Through GARPs network of contacts derived from our
more than 150,000 Members, we have access to the
best risk practitioners worldwide. GARP also bridges
the gap between academic research and real-world
practice, maintaining partnerships with top universities
and business schools.
To calibrate and benchmark its understanding of the
demands of the global risk management community,
GARP also conducts formal job task analysis surveys to
determine the knowledge, skills and abilities required to
function eectively as a nancial risk manager around
the world.
GARPs global leadership status in nancial risk
management education is independently validated
by the rapid growth in the number of institutions having
ve or more registrations for the FRM Program, as well
as by the growth in GARP Membership to encompass
members in more than 195 countries and territories
worldwide.
Creating a culture of risk awareness
Global Association ofRisk Professionals
111 Town Square Place14th FloorJersey City, New Jersey 07310U.S.A.+ 1 201.719.7210
2nd FloorBengal Wing9A Devonshire SquareLondon, EC2M 4YNU.K.+ 44 (0) 20 7397 9630
www.garp.org
2015 Global Association of Risk Professionals. All rights reserved. 1-16-15