FRM (Financial Risk Manager)
Dominant Australian risk credential at Big Four banks and large super funds.
Disclosure: This page contains affiliate links.
Visit Official Site →Founded
1997
HQ
Jersey City, NJ, USA (GARP Sydney chapter active)
Target Audience
Risk professionals at Big Four Australian banks (CBA, Westpac, NAB, ANZ), Macquarie, AustralianSuper, AwareSuper, AMP, the RBA, APRA.
Key Features
- Two parts; exams May/Aug/Nov (Part I) and May/Dec (Part II) at Pearson VUE Sydney/Melbourne/Brisbane/Perth
- 2 years of qualifying experience required for certification
- ~2,500+ Australian FRM holders (GARP 2024); Sydney is GARP's top APAC city
- Recognised by APRA-regulated institutions for IRB / CCAR / ICAAP-equivalent stress test roles
How to Get This Certification
Prerequisites
None for exams; 2 years of qualifying experience for certification.
Why Get Certified — ROI
Salary Impact
Australian FRM holders earn AUD 18,000–AUD 40,000 premium in bank risk roles (Hays Australia 2024; GARP Global Compensation Survey 2024). Median Sydney senior risk manager with FRM: AUD 170,000–AUD 240,000.
Career Benefits
- What makes this stand out
- Dominant Australian risk credential at Big Four banks and large super funds.
- Industry recognition
- GARP proprietary; widely recognised by APRA-regulated institutions.
Who Should Get This Certification
Ideal for:
- Risk professionals at Big Four Australian banks (CBA
- Westpac
- NAB
- ANZ)
- Macquarie
- AustralianSuper
- AwareSuper
- AMP
- the RBA
- APRA.
Consider alternatives if:
- USD billing FX risk
- Heavy quant emphasis
Pricing
Pricing varies.
Weaknesses
- USD billing FX risk
- Heavy quant emphasis
Markets Served
Global, Australia
Disclosure: This page contains affiliate links.
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