GARP's Financial Risk Manager Exam scores IBF Singapore accreditation

KUALA LUMPUR, Jan 7 -- The Global Association of Risk Professionals (GARP) announced its Financial Risk Manager (FRM®) Certification has been accredited by the Institute of Banking and Finance (IBF Singapore).

Those who successfully complete the FRM Parts I and II and fulfill other requirements are eligible for IBF Certification, the standard of excellence for financial professionals in Singapore.

Beginning May this year, citizens or permanent residents of Singapore who pass an FRM Exam will be eligible for up to 90 per cent funding for a limited period under the IBF Standards Training Scheme.

According to a statement, maximum reimbursement per Exam is SGD 7,000 and IBF is extending this reimbursement to help candidates through the COVID-19 crisis. (SGD 1 = RM3.045)

“We are grateful to the IBF for recognising the value of the FRM and are excited to work with them to advance risk management in the growing global financial hub of Singapore,” said GARP president and chief executive officer, Richard Apostolik.

Meanwhile, IBF Chief Operating Officer and Head of Standards Rachie Hui said: “With this accreditation, practitioners who successfully complete the FRM will join IBF’s Community of certified finance professionals who have invested in their own skills development and embrace the ethics and responsibilities for the industry mark of excellence.”

Details about the IBF’s accreditation of the FRM can be found on IBF’s website, while registration information for the FRM can be found on garp.org.

GARP is a non-partisan, not-for-profit membership organisation focused on elevating the practice of risk management.

-- BERNAMA