Certification, Licensing, and Special Requirements
Certification or Licensing
Several associations offer certification programs for risk management professionals. For example, the Global Association of Risk Professionals offers the financial risk manager (FRM) credential. According to the association, earning the FRM is "proof that you’re ready and able to assess, measure, and monitor risk in real-world situations, placing you in a strong position to improve your job performance and advance your career.” To learn more about the FRM credential, visit https://www.garp.org. Other certification credentials are offered by the:
- Risk & Insurance Education Alliance (certified risk manager, https://www.riskeducation.org/programs/crm)
- RIMS—the risk management society (RIMS-certified risk management professional, https://www.RIMS.org/certification)
- Professional Risk Managers’ International Association (professional risk manager, https://www.prmia.org)
Some firms seek risk managers who have earned the chartered financial analyst credential, which is administered by the CFA Institute (https://www.cfainstitute.org/programs/cfa-program).
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