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FRM Part II

A dated route through FRM Part II: this year's readings, a plan by topic, market, credit, operational, liquidity and investment risk practice, mocks, exam day and the work experience submission that certifies you.

Free · Mac (Apple silicon) and Windows · v1.0.0 · Other platforms

Then open the Marketplace in the app, search for FRM Part II, and click Install. It goes into your own files, and works offline from then on.

What it installs.

1

Pillar

1

Area

50

Projects

194

Starter tasks

🎓 Finance & Business Certifications

FRM Part II

Preparing for FRM Part II: market, credit, operational and liquidity risk, investment management and current issues, then the work experience needed to certify.

  1. FRM Part II exam window and registration
  2. Part I pass and Part II time limit check
  3. This year's Part II readings and learning objectives
  4. Six-topic Part II diagnostic baseline
  5. Part II study plan counted back from exam day
  6. Choosing a Part II prep provider or GARP books
  7. Employer study support and exam leave
  8. Part I tools refresher that Part II assumes
  9. Part II formula sheet and error log
  10. Protected weekly study blocks
  11. Weekly timed Part II question set
  12. Daily spaced review of formulas and definitions
  13. Monthly Part II progress review
  14. Learning objective coverage tracker
  15. Study partner accountability call
  16. Workload and rest guard during prep
  17. VaR and expected shortfall estimation methods
  18. VaR backtesting and model validation
  19. Extreme value theory for tail losses
  20. Correlation risk, copulas and the volatility smile
  21. Term structure models for interest rate risk
  22. FRTB and market risk capital one-pager
  23. Credit analysis, ratings and default probabilities
  24. Portfolio credit risk and credit VaR
  25. Counterparty credit risk and xVA
  26. Securitisation and structured credit risk
  27. Operational risk frameworks and loss data
  28. Model risk, cyber and third-party risk
  29. Basel capital framework map
  30. Liquidity metrics and liquidity stress testing
  31. ALM, banking book rate risk and transfer pricing
  32. Factor models and risk budgeting for portfolios
  33. Performance attribution and fund due diligence
  34. Current Issues readings for your exam year
  35. Calculator fluency for Part II calculations
  36. Long scenario questions under time pressure
  37. Weak topic remediation sprint
  38. Deciding whether to sit or move your window
  39. First full timed Part II practice exam
  40. Final practice exam under exam conditions
  41. Final four weeks revision plan
  42. Exam day logistics and test centre
  43. Part II results day plan
  44. Studying Part II alongside a bank risk role
  45. Sitting Part II as a full-time student
  46. Retake plan after a Part II fail
  47. Part II from a non-risk background
  48. Relevant work experience record for certification
  49. Work experience submission and certification
  50. Using the FRM designation and keeping it current

Where it starts.

Each project arrives with its purpose, milestones and first tasks written out. Here is how the first three read.

FRM Part II exam window and registration

GARP runs Part II in set computer-based testing windows, with registration periods that close earlier than many candidates expect and fees that rise after the early deadline. Choosing your window now, and registering before the cheaper period ends, gives the whole study plan a fixed end date instead of a vague intention.

First tasks

  • Check the current Part II exam windows and fees on GARP's website
  • Pick the window that leaves enough study weeks before it
  • Register for Part II before the early registration period closes
  • Put the test centre booking deadline in your calendar

Part I pass and Part II time limit check

Part II is only graded once Part I has been passed, and GARP sets a limit on how long you can take between passing Part I and passing Part II, which catches people who take a year or two off. Confirming where you stand before paying for anything prevents a wasted sitting or an expired Part I pass.

First tasks

  • Log in to your GARP account and note your Part I pass date
  • Read GARP's current rules on the time limit between Part I and Part II
  • Work out the last window that keeps your Part I pass valid
  • Check how GARP grades Part II when both parts are sat in one window

This year's Part II readings and learning objectives

Each exam year GARP publishes the Part II readings and learning objectives, and the Current Issues readings change completely. Studying from last year's list or a second-hand book means revising material that has been dropped and missing what was added, so the first job is a clean list for your own exam year.

First tasks

  • Download the learning objectives for your exam year from GARP
  • List the readings under each of the six Part II topics
  • Compare the list with any older materials you were given
  • Check GARP's site for errata to your study materials @recurring(monthly:8)

Make it yours.

Install FRM Part II, then tell Aurum the date you're aiming for. It checks whether the plan fits the weeks you actually have.

Free · Mac (Apple silicon) and Windows · v1.0.0 · Other platforms

Blueprints are general information to help you organise your own work. They are not medical, financial, legal or other professional advice. See the Terms.