Presenter:

How I Became an FRM® and Why It Was Worth It

June 21, 2016

William MayFRM Program ManagerSVP, Research and Educational Programs

Introductions and Agenda

Bill MaySVPFRM Program ManagerResearch and Educational ProgramsGARP

• GARP and its Role in Risk Management

• The FRM Program

• Why It Stands Apart• Structure and Requirements• The FRM Exam• Support Materials

• Panelist discussion

• Richard Morrin, FRM• Patrick Reed, FRM• Jennifer Voitle, FRM

• Questions and Answers

GARP: Creating a Culture of Risk AwarenessMission: To advance the risk profession through education, training, and the promotion of best practices globally.

Administers the Financial Risk Manager (FRM®) and Energy Risk Professional (ERP®) Exams and awards certifications, which are recognized and valued by risk Professionals worldwide.

Founded 1996 Not-for-profit 150,000 members More than 195 countries

Non-partisan industry connection

Globally recognizedcertification

Quality oversight Immediate application

What sets the FRM apart?

Oversight &governance

Aligned to industryPractice & demand

Psychometric analysis

Industryacceptance

Continuingeducation &

network

MAINTENANCE ACCEPTANCERELIABILITYVALIDITY

2016 FRM Journey

2 years of relevant work experience

Voluntary CPD40 hours/2 years

FRM Exam Part I: Tools used to assess risk(4 hours, 100 multiple choice questions)

Foundations of Risk Management

Quantitative Analysis

Financial Markets and Products

Valuation and Risk Models

FRM Exam Part II: Practical application of those tools(4 hours, 80 multiple choice questions) Market Risk Measurement and Management

Credit Risk Measurement and Management

Operational and Integrated Risk Management

Risk Management in Investment Management

Current Issues in Financial Markets

20% - 20 Questions20% - 20 Questions30% - 30 Questions30% - 30 Questions

25% - 20 Questions25% - 20 Questions

25% - 20 Questions15% - 12 Questions10% - 8 Questions

Certified FRM

What’s New in 2016?The updated FRM features increased coverage of:

• Simulation methods

• Central counterparties

• Country risk

• Retail credit and securitization

• Current issues: cyber risk, liquidity risk, regulatory stress testing

Resources and Support for Exam Preparation

Support for your journey

Hard cover books/eBooks(Pricing available on GARP

Website)

FREE:Exam Study Guides

Exam Study Guide ChangesLearning Objectives

Practice Exams

Exam Prep ProvidersLocal study groups

GARP Chapters

GARP websiteSocial media

Certification

• Demonstrate your knowledge and commitment • Become part of an elite group• Stand out to employers• Be part of the solution

Program Registration Timeline and Fees

• Enrollment fee includes 1 year complimentary GARP membership• Candidates can elect to take both Part I and Part II on the same date;

however, candidates must pass Part I to have Part II exam scored• FRM and ERP Exams are offered at more than 90 sites around the world• Deferral policy

US$ 300US$ 30

Certification Program Enrollment and Exam Registration Fees

FRM May 21, 2016 Nov 19, 2016

Enrollment Fee US$ 300 Valid for 4 Years Valid for 4 Years

Early Registration* US$ 350 Dec 1, 2015 – Jan 31, 2016 May 1, 2016 – Jul 31, 2016

Standard Registration* US$ 475 Feb 1, 2016 – Feb 29, 2016 Aug 1, 2016 – Aug 31, 2016

Late Registration* US$ 650 Mar 1, 2016 - Apr 15, 2016 Sep 1, 2016 – Oct 15, 2016

* Fees per Part I & II Exam

10

Panelist Dr. Richard Morrin, FRM

Quantitative AnalystInternational Finance Corporation

11

Panelist Patrick Reed, FRM

Director, Analytics and ControlEdward Jones

12

Panelist Jennifer Voitle, FRMDirector, Model Risk Management GroupSantander Bank

13

Panelist Discussion

Jennifer VoitleFRM

Dr. Richard Morrin FRM

Patrick Reed FRM

Questions?

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

About GARP | The Global Association of Risk Professionals (GARP) is a not-for-profit global membership organization dedicated to preparing professionals and organizations to make better informed risk decisions. Membership represents over 150,000 risk management practitioners and researchers from banks, investment management firms, government agencies, academic institutions, and corporations from more than 195 countries and territories. GARP administers the Financial Risk Manager (FRM®) and the Energy Risk Professional (ERP®) exams; certifications recognized by risk professionals worldwide. GARP also helps advance the role of risk management via comprehensive professional education and training for professionals of all levels. www.garp.org

© 2016 Global Association of Risk Professionals. All rights reserved.