The FRM course syllabus is divided into two parts: FRM Part 1 syllabus and FRM Part 2 syllabus, designed to cover both theoretical knowledge and practical application in financial risk management.
FRM Part 1 Syllabus (Level 1) The FRM syllabus part 1 focuses on the foundations of risk management and includes four main topics:
Foundations of Risk Management
Quantitative Analysis
Financial Markets and Products
Valuation and Risk Models
This section builds your base in finance, risk tools, and statistical methods used in risk assessment.
FRM Part 2 Syllabus (Level 2) The FRM part 2 syllabus emphasizes application of the concepts learned in Part 1 and includes six core areas:
Market Risk Measurement and Management
Credit Risk Measurement and Management
Operational and Integrated Risk Management
Liquidity and Treasury Risk
Risk Management and Investment Management
Current Issues in Financial Markets
The frm level 1 syllabus prepares you for risk fundamentals, while the frm level 2 syllabus is more advanced, dealing with real-world risk challenges. In summary, the frm course syllabus provides a complete framework for understanding, measuring, and managing financial risk across global markets, making it a vital qualification for finance professionals.