FRM Level 2 Training
Prepare for Part II of GARP's FRM exam with applied coverage of market, credit, operational, liquidity and investment risk.
- Duration
- Live batches
- Format
- Live online
- Modules
- 9 modules
- Certificate
- On completion
- ✓Live instructor-led online training in scheduled batches
- ✓Follows the six FRM Part II topic areas
- ✓Applied case studies on market, credit and operational risk
- ✓Covers operational resilience, liquidity and treasury risk and current issues
- ✓Practice questions and mock exams in GARP's style
- ✓Study planning for the May, August and November windows
About the course
What this course covers
FRM Part II builds on the tools of Part I and tests how to apply them to real risk management situations. GARP describes the exam as 80 multiple-choice questions emphasising application, covering market risk, credit risk, operational risk and resilience, liquidity and treasury risk, risk management and investment management, and current issues in financial markets.
This course takes you through each topic area. In market risk, you study VaR approaches and their limits, valuation of fixed income and derivatives, and the Basel treatment of trading books. In credit risk, you study credit analysis, credit scoring and rating models, counterparty credit risk, structured credit and credit capital. Operational risk and resilience covers frameworks, identification and assessment, scenario analysis, cyber and third-party risk, and resilience. Liquidity and treasury risk covers funding liquidity, market liquidity, liquidity regulation and the management of the banking book. The investment management section looks at portfolio construction, hedge funds and risk-adjusted performance. Current issues cover topics such as climate risk, fintech and other themes GARP selects each year.
Question practice is central to the course. We follow the curriculum for your exam year, and you should check garp.org for the latest readings and any changes.
Who should attend
- ● Candidates who have passed or are completing FRM Part I
- ● Market, credit and operational risk professionals
- ● Treasury, ALM and liquidity risk specialists
- ● Portfolio managers and analysts focused on risk
- ● Regulators and consultants working with financial institutions
Key skills
Skills you will walk away with
Market risk measurement
Apply VaR, expected shortfall, stress tests and trading book rules.
Credit risk analysis
Measure credit exposure and ratings, and understand counterparty and structured credit risk.
Operational risk and resilience
Identify, assess and control operational risks and build resilience.
Liquidity and treasury risk
Manage funding, liquidity buffers and interest rate risk in the banking book.
Investment risk management
Understand portfolio construction, hedge fund risks and performance measures.
Regulatory capital
Link Basel framework requirements to risk measurement.
Curriculum
Module-by-module syllabus
9 modules · 36 topics
1Market risk measurement and management I4 topics ▾
Learning objective: Measure market risk.
- ▸ VaR methods and backtesting
- ▸ Expected shortfall and coherent risk measures
- ▸ Stress testing and scenario analysis
- ▸ Market risk limits and governance
2Market risk measurement and management II4 topics ▾
Learning objective: Handle complex positions.
- ▸ Fixed income and interest rate risk
- Option risk and Greeks hedging
Schedules
Upcoming live batches
Enroll now and choose your batch dates
Send an enquiry and we'll reserve your seat in the next batch.
Certification
How you get certified
GARP (Global Association of Risk Professionals)
FRM Exam Part II
- Format
- Multiple choice, computer-based
- Questions
- 80
- Duration
- 4 hours
- Passing score
- GARP does not publish a fixed passing percentage; see the current figure on garp.org
- Exam fee
- Exam fee of US$600 (early) or US$800 (standard) per GARP's fee page; the one-time US$400 enrolment fee is paid at Part I registration; taxes extra
- Delivery
- Testing sites worldwide, offered in May, August and November
- Validity & renewal
- FRM designation requires two years of relevant work experience after passing both parts; see garp.org for ongoing certification requirements
- 1
Career outcomes
Roles this opens up
Market / Credit Risk Manager
₹12–30 LPA (approx.)Owns risk limits, analytics and reporting.
Operational Risk Manager
₹10–28 LPA (approx.)Runs risk assessments, scenario analysis and resilience planning.
Liquidity / ALM Risk Specialist
₹12–30 LPA (approx.)Manages liquidity ratios and interest rate risk in the banking book.
Salary ranges are approximate figures for India and vary by city, company and experience.
Why this certification is worth it
Completes the FRM pathway
Part II is the second of two exams required.
Applied focus
Reinforces real-world risk management decisions.
Wide relevance
Covers market, credit, operational, liquidity and investment risk.
Why Assure Success
Learn it once, pass it once
Trainers from the field
Every session is led by a practitioner who uses this material at work.
Batches that fit your week
Weekday and weekend batches in IST, scheduled for working professionals.
Exam-style practice
Practice questions and, where available, a full simulator free with the course.
Exam voucher help
Discounted vouchers and step-by-step help booking your exam.
Human support
WhatsApp support Mon–Sat, 9 AM–8 PM IST — a person answers.
Pay your way
UPI, cards, netbanking and EMI in India; international cards accepted.
FAQs
Questions learners ask us
Q.How many questions and how long is Part II?
GARP lists 80 multiple-choice questions. The exam duration is four hours.
Q.Do I need to pass Part I first?
GARP recommends completing Part I first. Check garp.org for the latest rules.
Q.How much work experience do I need?
At least two years of relevant work experience is needed to earn the designation, in addition to passing both exams.
Q.What are the fees?
GARP's page lists exam fees of US$600 early or US$800 standard per part in the windows we checked, plus a one-time US$400 enrolment fee. Taxes are extra.
Q.Is Part II harder than Part I?
Part II is more applied and narrative-heavy, with fewer calculations but more judgement. Candidates often find the breadth demanding.
Q.When is the exam offered?
In May, August and November each year at testing sites worldwide.
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₹31,999
FRM Level 2 Training