FRM Level 2 Exam 2024 Books

This literature is analyzed and reviewed in accordance with suggested topics from the official GARP guidelines and is now available for download.

Our Financial Risk Manager e-book for the Part 2 examination shares over 1,100 questions, highlighting required GARP topics:

  • Market Risk Measurement and Management (Over 210 Questions and Answers)
  • Credit Risk Measurement and Management (Over 200 Questions and Answers)
  • Operational Risk and Resiliency (Over 230 Questions and Answers)
  • Liquidity and Treasury Risk Measurement (Over 130 Questions and Answers)
  • Risk Management and Investment Management (Over 200 Questions and Answers)
  • Current Issues in Financial Markets (Over 30 Questions and Answers)


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Official Financial Risk Manager Exam Learning Objectives: Level 2


Market Risk Measurement and Management

Exam Weight 20%

Areas covered include:

  • VaR and other risk measures
  • Modeling dependence: correlations and copulas
  • Term structure models of interest rates
  • Volatility: smiles and term structures
  • Fundamental review of the trading book


Credit Risk Measurement and Management

Exam Weight 20%

Areas covered include:

  • Credit analysis
  • Default risk: Quantitative methodologies
  • Expected and unexpected loss
  • Credit VaR
  • Counterparty risk
  • Credit derivatives
  • Structured finance and securitization


Operational Risk and Resiliency

Exam Weight 20%

Areas covered include:

  • Principles for sound operational risk management
  • Risk appetite frameworks and enterprise risk management
  • Risk culture and conduct
  • Analyzing and reporting operational loss data
  • Model risk and model validation
  • Risk-adjusted return on capital
  • Economic capital frameworks and capital planning
  • Stress testing banks
  • Third-party outsourcing risk
  • Risks related to money laundering and financing of terrorism
  • Regulation and the Basel Accords
  • Cyber risk and cyber-resilience
  • Operational resilience


Liquidity and Treasury Risk Measurement

Exam Weight 15%

Areas covered include:

  • Liquidity risk principles and metrics
  • Liquidity portfolio management
  • Cash-flow modeling, liquidity stress testing and reporting
  • Contingency funding plan
  • Funding models
  • Funds transfer pricing
  • Cross-currency funding
  • Balance sheet management
  • Asset liquidity


Risk Management and Investment Management

Exam Weight 15%

Areas covered include:

  • Factor theory
  • Portfolio construction
  • Portfolio risk measures
  • Risk budgeting
  • Risk monitoring and performance measurement
  • Portfolio-based performance analysis
  • Hedge funds


Current Issues in Financial Markets

Exam Weight 10%

Areas covered include:

  • Blockchain
  • Fintech Revolution
  • Artificial Intelligence, machine learning and big data
  • Climate change and financial risk
  • Reference rates


Our Question Bank affords students a comprehensive and detailed PDF book for Part 1 and Part 2, with both electronic books carrying a combined 2,300 questions.

Once our books are updated to reflect new and current aspects, they will become available for downloading free of cost!

All students will benefit from having lifetime access to their content and this includes updated content yet to be released throughout the ensuing years.

The Financial Risk Manager designation title is seen as a highly acknowledged and respected financial risk certification around the world.

To the risk professionals who are considered as best in their respective fields and who work for top notch financial firms over the world, the FRM endorsement bestows on them an elite status.

There is a significant rise in competition between individuals and corporations in the financial industry.

Obtaining the designation signals a sure sign that you have matched the parameters set up by the international community and that you are a serious risk management individual.

The Financial Risk Manager program will masterfully equip candidates by imparting quality financial education, knowledge and skills needed to achieve huge success in the financial industry.

*Information Taken from the Official GARP Website