The Financial Risk Management Exam (FRM Exam) is a test given annually in November to risk professionals who
want to earn FRM® certification. The Global Association of Risk Professionals has developed the exam and supports
exam instruction by publishing the Financial Risk Manager Handbook, authored by Philippe Jorion. Every year, GARP
organizes the exam and the FRM® Certificate Program, whose goal is to establish an industry standard of minimum
professional competence in the field. The examination is fast becoming an essential requirement for risk managers
all over the world. The goal is to make The FRM Handbook the definitive instructor's guide for the exam and learning
guide among in-house training programs and university courses focused on financial risk management.