Hedge Fund Risk Managers

Certification or Licensing

You do not have to be certified to work in the hedge fund industry, but becoming certified will allow you to stay up to date on developments in risk managements practices. It will also be useful if you plan to work in other industries, where certification is more important. Here are two popular certifications for risk managers:

• The financial risk manager designation, which is offered by the Global Association of Risk Professionals, is geared toward risk managers, chief risk officers, senior risk analysts, managers of operational risk, and directors of risk management. See https://www.garp.org/frm.
• The RIMS-certified risk management professional designation, which is offered by the RIMS—the risk management society, is geared toward risk managers at any point in their careers. See http://www.RIMS.org/certification.

Some firms seek risk managers who have the chartered financial analyst credential, which is administered by the CFA Institute (https://www.cfainstitute.org/programs/cfa-program).