GARP Global Association of Risk Management Professionals

The Global Association of Risk Professionals (GARP) is an international professional organization with extensive influence in the field of risk management.

GARP was founded in 1996 and is headquartered in the United States. With the increasing complexity of global financial markets and frequent occurrence of risk events, the demand for professional risk management talents has sharply increased. Against this backdrop, GARP has emerged. Its purpose is to promote the development of the risk management industry through education, research, and dissemination of best practices, and to provide a platform for professionals to communicate and improve.

Association Purpose and Goals

• Enhance professional competence

Committed to improving the knowledge and skills of global risk management professionals. By establishing strict standards and regulations, we ensure that risk management practitioners have a solid theoretical foundation and practical abilities. For example, providing comprehensive training courses for risk management personnel in financial institutions to help them better understand the assessment and management methods of various risks such as market risk, credit risk, and operational risk.

• Promote knowledge dissemination

As a knowledge hub, GARP actively disseminates the latest research findings and industry trends in the field of risk management. The association regularly releases research reports, white papers, and other materials, covering various aspects from emerging market risks to the impact of climate change on financial risks. These materials provide members with timely and accurate information, enabling them to keep up with the forefront of industry development.

• Promote industry development

Strive to promote the healthy development of the risk management industry globally. It works closely with financial institutions, regulatory authorities, and academia to promote the standardization and scientification of risk management practices by participating in the development of industry standards and policy recommendations. For example, GARP has played an active advisory and advisory role in the development and implementation of international financial regulatory standards such as the Basel Accord.

Main activities and services

• Qualification certification

Provide Financial Risk Managers (FRM) ®） Qualification certification, which is globally recognized as one of the top certificates in the field of financial risk management. FRM ® The exam is divided into two levels, covering multiple knowledge areas such as risk management fundamentals, quantitative analysis, financial markets and products, valuation and risk modeling, market risk measurement and management, credit risk measurement and management, operational risk and resilience, liquidity and fund risk measurement and management, risk management, and investment management. The exam content is closely integrated with practical work scenarios and has strong practicality.

Obtain FRM ® Certified professionals have high recognition in the global financial market, and they can hold important positions in risk management departments of financial institutions such as banks, securities, insurance, and various large enterprises.

• Training and Education

We have developed a series of high-quality training courses, including online and offline courses. These courses are taught by industry experts and senior scholars, with rich and targeted content. For example, training courses on credit risk assessment will provide detailed explanations on the construction of credit rating models and the use of credit risk mitigation tools.

We also provide learning materials such as textbooks, mock exams, etc. to help students better prepare for FRM ® Exams and enhancing professional knowledge.

• Industry conferences and seminars

Regularly organizing global industry conferences and seminars, which bring together risk management experts, scholars, and practitioners from around the world. The conference covers a wide range of topics, including financial technology risks, macroeconomic risks, enterprise risk management strategies, and many other hot topics.

During the conference, participants can engage in in-depth communication and learning through keynote speeches, group discussions, case sharing, and other forms. For example, at a seminar on the impact of financial technology on risk management, participants can learn about application cases of artificial intelligence in credit risk identification, as well as how blockchain technology can improve the efficiency of transaction risk monitoring.

• Membership Services and Network Construction

Provide rich services for members, including career development support, such as providing recruitment information, career planning advice, etc. Members can also access the association's exclusive resource library, which includes a large number of industry research reports, professional papers, and case studies.

We have established a vast global membership network, where members can communicate and collaborate with peers through online communities, regional branch activities, and other means. This helps risk management professionals expand their network, share experiences, and jointly tackle industry challenges.