FAQ After Exam Questions about work experience
- Thread starter JessicaWei
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Hello @amitpthk6
Please note that I moved your post to this thread that already discusses work experience. Unfortunately, GARP is the only one that can provide you with an accurate answer as to whether your work experience would be approved or not. You may be able to find others who have posted in this thread with the same experience, but you will want to contact GARP to be sure.
Hi,
I was initially interested in the ERP certificate, but I noticed that exams have been discontinued. In consequence, I am now considering to take the FRM, and I have already registered to take SCR.
I am currently an international consultant focused on risks (both regulatory, financial, political and operational) for the energy sector, including the valuation of energy assets highly exposed to regulation and scenario building. Previously I have been a senior official of Energy Planning in my country and before that worked in the office of project and policy assessment for 3 years, so my job in the public sector has been largely focused on assessing projects for public investment in infrastructure and energy policy.
So, my questions are:
1) I am aware that my experience might best fit in the ERP certificate, but since it has been discontinued, do you think that it would qualify?
2) Is public sector and independent consultancy elegible as experience?
Please note that I have already contacted GARP on this, but I have not received a response yet.
Thanks!
I was initially interested in the ERP certificate, but I noticed that exams have been discontinued. In consequence, I am now considering to take the FRM, and I have already registered to take SCR.
I am currently an international consultant focused on risks (both regulatory, financial, political and operational) for the energy sector, including the valuation of energy assets highly exposed to regulation and scenario building. Previously I have been a senior official of Energy Planning in my country and before that worked in the office of project and policy assessment for 3 years, so my job in the public sector has been largely focused on assessing projects for public investment in infrastructure and energy policy.
So, my questions are:
1) I am aware that my experience might best fit in the ERP certificate, but since it has been discontinued, do you think that it would qualify?
2) Is public sector and independent consultancy elegible as experience?
Please note that I have already contacted GARP on this, but I have not received a response yet.
Thanks!
Hi ALL,
Is there any specific format or expected content by GARP when you submit the experience letter? Does it have to specify that you worked in field of Risk Management specifically.
If anyone can share their letter (blurring their personal details) it will be of great help.
Thanks,
SAN
Is there any specific format or expected content by GARP when you submit the experience letter? Does it have to specify that you worked in field of Risk Management specifically.
If anyone can share their letter (blurring their personal details) it will be of great help.
Thanks,
SAN
tusharblbohra
New Member
I passed FRM part 2 in the January 2021 attempt. I currently am a junior year undergrad student. Due to my inclination towards research, and academics I've been planning to go for a doctorate position after graduation in June 2022. I had this query regarding work experience. Do the position of research scholar (or other posts in a doctorate position) considered in the mandatory work experience for the charter? I will be applying for Ph.D. roles in the upcoming semester focussing on risk, finance, and financial economics.
Hello @tusharblbohra
Please note that I moved your post to this work experience thread. There are 5 pages of discussion in this thread, so you may find that your question has already been answered after reading through all of the posts.
emilioalzamora1
Well-Known Member
No, academic experiences or academic qualifications do NOT count towards the work experience requirements.
Hi @David Harper CFA FRM @Nicole Seaman ,
I am currently doing an internship in forex trading. They are offering to convert me to full time role. My job would entail taking trades on behalf of clients and providing investment guidance to clients specifically in forex. I would like to know if this would count as work experience for the charter so that I can decide whether or not to take up the full time role.
I am currently doing an internship in forex trading. They are offering to convert me to full time role. My job would entail taking trades on behalf of clients and providing investment guidance to clients specifically in forex. I would like to know if this would count as work experience for the charter so that I can decide whether or not to take up the full time role.
Hi all,
hope this is in the right topic.
I was wondering if anybody knew of anybody or heard of anybody successfully qualifying independent, privately (self) owned and managed accounting/consulting firm work experience for the FRM. Primarily related to tax, small business accounting+bookkeeping, and financial advising (virtual CFO).
Arguably, the above does involve quantitative financial risk management related to cash, liquidity, operational, market (systemic), and enterprise risks related to both (1) firm and (2) respective clients affairs’ management/advice.
Disregarding the possibility of work experience outside of private practice, there is the possibility of the practice expanding to investment (personal /corporate/institutional) advisory services eventually (T: 3-5+ years).
thoughts would be much appreciated.
FYI- all of the above is hypothetical. I would prefer to discuss the above scenario, not so much about entirely different scenarios.
hope this is in the right topic.
I was wondering if anybody knew of anybody or heard of anybody successfully qualifying independent, privately (self) owned and managed accounting/consulting firm work experience for the FRM. Primarily related to tax, small business accounting+bookkeeping, and financial advising (virtual CFO).
Arguably, the above does involve quantitative financial risk management related to cash, liquidity, operational, market (systemic), and enterprise risks related to both (1) firm and (2) respective clients affairs’ management/advice.
Disregarding the possibility of work experience outside of private practice, there is the possibility of the practice expanding to investment (personal /corporate/institutional) advisory services eventually (T: 3-5+ years).
thoughts would be much appreciated.
FYI- all of the above is hypothetical. I would prefer to discuss the above scenario, not so much about entirely different scenarios.
Hi @Nicole Seaman, @David Harper CFA FRM
I am willing to give my FRM level 1 exam in Nov 2021, preparing for the same, However i am confused if my work experience as a Software Engineer in one of the largest Investment banking counts towards the Relevant work Experience for FRM .
My day to day job activities as Software Engineer includes working in a Risk Management system for Equity Derivatives.
It involves overlooking and managing Trade LifeCycle and Processing to various Downstream Systems for Settlement, Regulatory reporting, Accounting and other Risk Calculations for the firm.
We process the Trade and Valuation data of Derivative Products to the above mentioned systems.
Does this Experience qualify as Required work experience to obtain FRM certification? It would be great if you guys can help in getting some clarification around my confusion this Work experience
Thanks in Advance
I am willing to give my FRM level 1 exam in Nov 2021, preparing for the same, However i am confused if my work experience as a Software Engineer in one of the largest Investment banking counts towards the Relevant work Experience for FRM .
My day to day job activities as Software Engineer includes working in a Risk Management system for Equity Derivatives.
It involves overlooking and managing Trade LifeCycle and Processing to various Downstream Systems for Settlement, Regulatory reporting, Accounting and other Risk Calculations for the firm.
We process the Trade and Valuation data of Derivative Products to the above mentioned systems.
Does this Experience qualify as Required work experience to obtain FRM certification? It would be great if you guys can help in getting some clarification around my confusion this Work experience
Thanks in Advance
thanhtam92
Active Member
For the work experience submission, do we just add the most recent job title? or we can anything relevant over the past 5 years? Also, regarding the job description, do we put in the company-posted job description or your actual work projects/experiences?
I noticed that too. I don’t think it’ll count against you but you could always put a note at the top of the free text clarifying that.
Hi,
I worked for 5 years in Standard Chartered as Operational Risk Manager in FMO ( Financial Market Operations) for Middle Office of Derivatives Ops where I dealt with identifying, assessing, monitoring the operational risks and recommend controls to operations to mitigate those risks.
Please could anyone let me know if my work experience qualifies as relevant experience for FRM certification after I take both Part 1& 2 of exams.
I worked for 5 years in Standard Chartered as Operational Risk Manager in FMO ( Financial Market Operations) for Middle Office of Derivatives Ops where I dealt with identifying, assessing, monitoring the operational risks and recommend controls to operations to mitigate those risks.
Please could anyone let me know if my work experience qualifies as relevant experience for FRM certification after I take both Part 1& 2 of exams.
Hi @Chanspace As we're not GARP, we're not really supposed (allowed) to say. But you were an Operational Risk Manager! It's going to qualify. Please don't quote me, but it definitely qualifies. If an actual Operational Risk Manager didn't qualify, then a lot of far more borderline cases wouldn't qualify. You have highly relevant, legit experience. You will not need to worry about the experience 
I hope that's helpful!
I hope that's helpful!Thank you very much @David Harper CFA FRM . I was doubtful whether I have to give the exam or not. Now I am clear and I won't quote you as informed and will happily prepare for the exam. Thanks Again!!!!!
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