Year 2018 Exam

®
FRM
FINANCIAL RISK MANAGER
The Global Professional
Qualification
in Financial Risk
What is FRM® Designation?
Management
The demand for financial risk managers is strong, especially for the next few years. Newer regulatory requirements coupled
with newer financial reporting standards are emphasizing improvement of companies’ management of financial risks. As the
world markets experienced the recent financial crisis and seeking solutions to manage financial risk, the FRM qualification
will serve you well should you seek to play a part of being in the latest emerging jobs in the banking and financial sectors.

The FRM qualification is conferred by the Global Association of Risk Professionals (GARP) (www.garp.com), which
is a not-for-profit independent trade association consisting of over 150,000 members, from 195 countries and territories.
Members are employed by commercial banks, central banks, investment banks, asset management firms, corporations,
government agencies, and academic institutions.

The FRM certification program is the international benchmark qualification for professional risk manager. Since its
inception in 1997, GARP has over 30,000 FRM holders across the globe.

Entry Requirement Student Success Scheme (SSS)

 Any Recognised Bachelor’s Degree or equivalent RM1300
(ACCA, CIMA, MICPA, AIA, ICSA etc.) OR Cash Rew ard if you succeded in the
follow ing:
 Attended more than 70% of Classes RM200
 Age 25 and above with Diploma; or equivalent.  Passed Progress Test #1 RM100
 Passed Progress Test #2 RM100
 Passed Progress Test #3 RM100
FRM Exam Topic Area Weight  Passed Mock Exam #1 (Open Book) RM100
 Passed Mock Exam #2 RM200
 Passed Mock Exam #3 RM200
PART 1:  Passed actual FRM Exam RM300
I Foundation of Risk Management 20%  Per part basis
 Cash award (not discount vouchers)
II Quantitative Analysis 20%  Student will only be entitled to the scheme:
 upon ful settlement of course fees
III Financial Market and Products 30%  required to submit actual FRM exam result
(within two weeks from the date of release)
IV Valuation and Risk Models 30%
PART 2: <Next Intake >
I Market Risk Measurement and Management 25% (November 2018 Exam)
 Part I & II (Full Course): June 2018
II Credit Risk Measurement and Management 25%  Part I (IRC): September 2018
III Operational and Integrated Risk Management 25%  Part II (IRC): September 2018
IV Risk Management and Investment Management 15%
V Current Issues in Financial Risk Markets 10%
Most Common Occupations

 Financial Risk Professionals involved in the Banking or

Benefist of being FRM Certified Financial Services
 Financial Risk Advisors
 Recognized by your peers and employers as an
expert in financial risk management.  Internal Auditors
 Helps to expand your career path.  Directors
 Add the FRM designation to your name.  Credit Risk Managers and Rating Agencies
 Portfolio Managers

FRM® and Financial Risk Manager are trademarks owned by GARP, USA
 Payable to “ AkademiAntarabangsa Malvern SdnBhd”

Part 1 / Part 2 Part 1 / Part 2

(Full Course) (IRC)
Registration Fee RM 100 RM 100
Course Fees RM5,060 RM 2,200 Grand Total =
KMC + GARP:
* *Total fees payable to “Malvern” is RM10,220.
RM10,220+ RM4,400
Payable to “Global Association of Risk Professional” (GARP) = RM14,620
(Approximate)
First Year : US $750 (Enrolment Fees & Exam) – New candidate only
Second Year: US $350 (Exam)
 Total fees pay able to GARP = US $ 1,100 @ 4.00 (Approximately RM4,400)
 The enrolment fee is a fee for participating in the FRM Program. This fee automatically entitles you to a
complimentary one year GARP Individual Membership (a USD 150 value) which includes a one year subscription
to the RISK Professional magazine (a USD 150 v alue), GA RP publication, in addition to other benefits of GARP
. Individual membership.

Intensive
Payment Scheme Lump Sum Instalments Revision Course
(IRC) CITIBANK
Registration Fee (On Enrolment) RM 100 RM 100 RM 100
1 st Payment (1 st Month) RM5,060 RM1,770 RM2,200 Credit Card Holders:
2 nd Payment (2 nd Month) - RM1,500 - Enjoy the EASYPAY
3 rd Payment (3 rd Month) - RM1,000 - with 0% interest
4 th Payment (4 th Month) - RM1,000 - (Up to 12months)
TOTAL RM5,160* RM5,370* RM2,300
*Include Intensive Revision Course (IRC).

Examination Registration: GARP Website – “www.garp.org”

Received ByGARP Received ByGARP
Fees in Fees in
Deadline On or Before On or Before
US $ US $
May 2018 Exam November 2018 Exam
400 (Enrolment Fee) + 400 (Enrolment Fee) +
First 31 January, 2018 750 31 July 2018 750
350 (Exam Fee) 350 (Exam Fee)
400 (Enrolment Fee) + 400 (Enrolment Fee) +
Second 28 February, 2018 875 31 August 2018 875
475 (Exam Fee) 475 (Exam Fee)
400 (Enrolment Fee) + 400 (Enrolment Fee) +
Third 21 April 2018 1,050 15 October 2018 1,050
650 (Exam Fee) 650 (Exam Fee)
*The enrolment fee is a fee for participating in the FRM Program.
This fee automatically entitles you to a complimentary one year GARP Individual Membership (a USD 150 value) which includes a one year subscription to the RISK
Professional magazine (a USD 150 value), GARP publication, in addition to other benefits of GARP Individual membership .
*Application & payment must be received by GARP on or before the application deadline. (Fees increase after each deadline)

Duration Exam Date FRM Candidates by Industry

7 months (per part) 3rd Saturday on  Banking 36%

(54 Study Sessions with 162 hours) May and November every year  Academia 18%
 Asset Management Firm 12%
Examination  Consulting 11%
 Insurance 4%
 Government / Regulatory 4%
 Part 1 (Morning session) 4 hours in length
 Others 15%
 Part 2 (Afternoon session) (each exam part)
*All Multiple Choice Questions (MCQ) – Part 1 (100 questions), Part 2 (80 questions)
*Candidates are allowed towrite for both the FRM Exam on the same day.
*Please note, if you are unsuccessful in passing Part 1, you will have to write again for BOTH parts of the exam.

Historical FRM Exams Passing Rate:

May Nov May Nov May Nov May Nov Nov May Nov
2012 2012 2013 2013 2014 2014 2015 2015 2016 2017 2017
Part 1 47.3% 46.7% 45.9% 50.9% 42.5% 48.8% 42.9% 49.2% 44.8% 42% 42%

Part 2 61.1% 56.0% 56.8% 58.0% 58.1% 58.7% 52.4% 62.1% 54.3% 54% 52%

Malvern International City Campus “CFA and FRM Program at Malvern – formerly known as Kolej
11th Floor, Plaza First Nationwide, Kasturi” +6017 - 234 6100
No 161, JalanTun H S Lee, https://www.facebook.com/CFAmalvernkasturi/
50000 Kuala Lumpur.
jasonchang@malverninternational.edu.my /
03-2032 3001 www.malverninternational.edu.my
jasonchangmalvern@gmail.com
Malvern International Academy (Formerly known as Kasturi College International)
reserves the right to revise any or all the information stated in this document if is due to unforeseen circumstance. Updated on: 18-04-2018