13 January 2021Risk Management

FRM exam accredited by Singapore’s Institute of Banking and Finance

The Global Association of Risk Professionals’ 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 fulfil other requirements are eligible for IBF certification, the standard of excellence for financial professionals in Singapore.

Beginning May 2021, citizens or permanent residents of Singapore who pass an FRM exam will be eligible for up to 90 percent funding for a limited period under the IBF Standards Training Scheme. Maximum reimbursement per exam is SGD 7,000. The IBF is extending this reimbursement to help candidates through the COVID-19 crisis.

“The uncertainty facing the world today underscores the need for a well-educated risk management community,” said Richard Apostolik, president and CEO at the Global Association of Risk Professionals.

“Citizens or permanent residents of Singapore who pass an FRM exam will be eligible for up to 90 percent funding for a limited period.”

“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.”

“We are happy to work with the association to accredit the FRM programme,” said IBF chief operating officer and head of standards Rachie Hui.

“The FRM is a well-recognised professional qualification for risk managers globally. 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.”

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