The exams are done to receive accreditation for the post of being a financial risk manager globally recognized after receiving certification. The job description of the financial risk manager is to assess risk, the places he works includes; major banks, insurance companies, accounting firms, and asset management firms. Other specific roles of the manger are identifying potential risks to assets, earning power of the company and its successes.
An exam must be taken by the managers for them to receive accreditation and be recognized as financial risk managers, they must as well have two years experience in financial risk management. The examination is globally recognized. The context of the exam is set in applying the tools and techniques in risk management in investment management process.
One has to be ready for the examination by taking a few steps. Time would be the first consideration in preparation for the exams. A time schedule needs to be created allowing enough time to study for the exam. Creating the schedule is important in avoiding reading the days before and knowing where one stands.
The areas that one feels is poor at should be given more time to be read on. One should create a space for conducting the revision that is conducive for the. This helps in avoiding distractions. Networking through joining or forming a study group is important as part of the preparation. Learning from other group members helps in strengthening the areas one struggles with and also strengthening the strong areas. Group members should have at least a person or qualified financial risk manager who had already done the exam to guide the rest on what to expect and what to revise on.
It is good practice to rest in between the revision times. Resting is important for the mind to relax and reset , ready for more learning. Practicing is also important prior to the examination through practice questions. Lastly, one should check all the necessary materials for use in the examination are set.
It is good practice during the exam to; go through the paper, read all the questions, tackle the easy ones first, maintain focus on the examination, maintain calm during the exam and check to have answered all questions. Keeping calm helps in boosting ones’ confidence during the exam and avoid panic. Reading through and tackling the easy questions first is a good way for boosting confidence during the examination. Counterchecking all questions and answers provided ensures all questions are answered.
An exam that is well prepared for, following all the necessary guides would eventually give good outcomes at the end.