FRM Exam Study Guide
Risk Manager Exam Prep
Free · In‑App Purchases · Designed for iPad. Not verified for macOS.
Pass the FRM exam: 184 flashcards, 226 practice questions (MC + true/false), a term-matching game, a searchable glossary, and 43 formulas across Parts I & II.
Prepare for the GARP Financial Risk Manager (FRM) exam with a focused, comprehensive study companion covering both Part I and Part II, aligned to the current GARP exam blueprint.
FRM Exam Study Guide organizes everything into the ten exam topic areas across both parts, so you study exactly what the exam tests.
FIVE WAYS TO STUDY
- 184 flashcards - tap to flip, tagged by exam domain
- 126 multiple-choice practice questions with instant feedback and fully worked solutions
- 100 true/false questions targeting the misconceptions that cost exam points
- Key-term matching game - race to pair every term with its definition, in rounds of five
- 112 searchable glossary terms and 43 formulas with variables and usage notes
TOPICS COVERED - PART I
- Foundations of Risk Management: risk frameworks, ERM, CAPM, RAROC, governance, financial disasters
- Quantitative Analysis: probability, distributions, regression, volatility, Monte Carlo, VaR basics
- Financial Markets & Products: bonds, forwards, futures, swaps, options, derivatives, hedging
- Valuation & Risk Models: duration, convexity, Black-Scholes, binomial trees, Greeks, VaR methods
TOPICS COVERED - PART II
- Market Risk Measurement & Management: VaR mapping, expected shortfall, backtesting, FRTB
- Credit Risk Measurement & Management: PD/LGD/EAD, Merton/KMV, CVA, CDS, securitization
- Operational Risk & Resilience: Basel approaches, RCSA, KRIs, model risk, cyber, Basel III
- Liquidity & Treasury Risk: LCR, NSFR, FTP, stress testing, ALM, IRRBB
- Risk Management & Investment Management: portfolio VaR, factor models, Sharpe/IR, hedge funds
- Current Issues in Financial Markets: AI in risk, climate/ESG, SOFR, crypto, 2023 banking turmoil
Start free with a preview of every section. Unlock Premium with a one-time lifetime purchase or a low monthly subscription - both include the entire question bank, glossary, and formula library.
This app is an independent study aid and is not affiliated with, endorsed by, or sponsored by the Global Association of Risk Professionals (GARP). FRM and Financial Risk Manager are registered trademarks of GARP. Always verify current exam content at garp.org.
SUBSCRIPTION & TERMS
Premium unlocks every flashcard, practice question, glossary entry, and reference section. Two options:
- Premium Monthly: $1.99 per month, auto-renewing subscription
- Premium Lifetime: $15.00 one-time purchase, not a subscription
Payment is charged to your Apple Account at confirmation of purchase. A monthly subscription renews automatically unless auto-renew is turned off at least 24 hours before the end of the current period; your account is charged for renewal within 24 hours before the current period ends. You can manage or cancel your subscription in your Apple Account settings after purchase.
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Information
- Seller
- David Peterson
- Size
- 2 MB
- Category
- Education
- Compatibility
Requires iOS 17.0 or later.
- iPhone
Requires iOS 17.0 or later. - iPad
Requires iPadOS 17.0 or later. - Mac
Requires macOS 14.0 or later and a Mac with Apple M1 chip or later. - Apple Vision
Requires visionOS 1.0 or later.
- iPhone
- Languages
- English
- Age Rating
4+
- 4+
- In-App Purchases
Yes
- FRM Premium (Monthly) $1.99
- FRM Premium (Lifetime) $15.00
- Copyright
- © 2026 DMP Enterprise LLC