FRM Financial Risk Manager: It is a title of qualification certification in the field of financial risk management. The certificate is internationally recognized and established by the Global Risk Association (GARP). The holder has the ability to make objective risk analysis and corresponding decisions, and the knowledge structure of risk management is complete. FRM has been recognized by European and American financial institutions such as Wall Street, risk management departments of large companies and government regulatory agencies, and it is an authoritative certification in the field of risk management.
CFRM Certified Financial Risk Manager: CFRM certificate is certified and issued by Hong Kong Association of Financial Risk Managers (HKFRMA), which is called "Certified Financial Risk Manager" in English and "Certified Financial Risk Manager" in Chinese. As a leading professional organization in the financial industry, Hong Kong Association of Financial Risk Managers aims to promote the concepts and methods of modern international financial risk management, establish professional certification qualifications for employees, and cultivate talents for the stable, sustained and healthy development of the financial industry.
After reading these two certificates, are you also struggling to take the FRM certificate or the CFRM certificate? Actually, you don't have to be so entangled. After understanding the difference between FRM and CFRM, you will be suddenly enlightened. Below I will analyze the differences between FRM and CFRM from three aspects: applicable population, theoretical system and content.
1. Different certification bodies
CFRM: Certified and issued by Hong Kong Association of Financial Risk Managers (HKFRMA). It is called "Certified Financial Risk Manager" in English and "Certified Financial Risk Manager" in Chinese.
FRM: It is an authoritative international qualification certification in the field of global financial risk management, established by GARP.
2. Different applicable groups
CFRM: It is applicable to risk management professionals and managers of all enterprises, especially middle and senior managers (including banks, securities and insurance).
FRM: It is applied in the field of financial risk management, mainly aimed at operators and professionals. Suitable for high-end talents in banking risk management, finance and other industries.
3. Theoretical system differences
CFRM: Based on the theory of total risk management, it covers the research results of ISO3 1000, ISO3 10 10 and COSO_ERM. The certificate focuses on the risk management wisdom, art and science of all-round trainers.
FRM: Based on Basel Treaty. This certificate focuses on training students of bank risk management science.
4. Differences in operation contents
CFRM: It covers the general principles of risk management from strategy to operation. It is the basic logic, methodology and composition of risk management that enterprises and risk managers from all walks of life should follow.
Frm: a, limited to banking B, biased towards bank risk analysis C, operational level.
FRM and CFRM certificates are relatively high-end certificates in China, and they have good career prospects in China at present!