Live GARP FRM Training for Risk & Finance Professionals Across South Africa
Prepare for GARP Financial Risk Manager (FRM) Part I or Part II through 100+ guided hours of structured FRM training across South Africa. Choose scheduled classroom, live online, hybrid, self-paced or corporate delivery with Kaplan Schweser support, recorded lectures, an AI-powered LMS, 5,000+ practice questions, mock exams and exam-window planning.
EduDelphi is an independent exam-preparation provider. GARP administers the official FRM programme, examinations and certification.
The 95% figure is based on first-attempt outcomes verified for 500+ EduDelphi FRM learners since 2023. Individual results vary.
A clear route from preparation to the FRM designation
| Course detail | Current reference |
|---|---|
| Credential | Financial Risk Manager (FRM) |
| Credential body | Global Association of Risk Professionals (GARP) |
| EduDelphi role | Independent Part I and Part II exam preparation, study planning and practice support |
| Delivery | Scheduled classroom, live online, hybrid, self-paced reinforcement and corporate training across South Africa |
| Guided learning | 100+ hours, alongside recordings, LMS resources, questions and revision |
| Official exams | Part I: 100 multiple-choice questions. Part II: 80 multiple-choice questions. Four hours each. |
| Annual exam windows | GARP currently offers FRM examinations in May, August and November. |
| Certification route | Pass Part I, pass Part II within four years, then submit two years of relevant full-time risk experience within GARP’s applicable time limit. |
| Fees | EduDelphi training fees are quoted separately in ZAR. GARP registration and examination fees are separate and paid in USD. |
What is FRM certification?
FRM stands for Financial Risk Manager. It is GARP’s professional certification for people who work with market, credit, operational, liquidity, treasury, investment and broader financial-risk decisions.
FRM is not a generic short course or an academic degree. Candidates build knowledge through the two examinations, then earn the designation after meeting GARP’s experience requirement. EduDelphi supports the preparation process; GARP independently determines exam, experience and certification outcomes.
- Part I establishes the tools: quantitative analysis, financial markets and valuation foundations.
- Part II applies them to market, credit, operational, liquidity and investment-risk decisions.
- The designation can complement risk, treasury, banking, investment, audit, controls and finance careers.
Where FRM knowledge fits in South Africa
South African risk roles span banking, insurance, asset management, treasury, payments, fintech, audit, advisory and large corporate finance. FRM preparation gives candidates a structured way to discuss measurement, governance, model use, risk appetite and decision-making in those environments.
Credit, portfolio and concentration risk
Connect borrower, counterparty, portfolio, scenario and capital-risk thinking to the decisions risk teams need to make.
Liquidity, funding and market exposure
Build a stronger conceptual base for interest-rate, liquidity, funding, valuation and market-risk conversations.
Risk frameworks that support control
Financial-services teams increasingly need risk governance, cyber-resilience, third-party and operational-risk awareness. FRM supports capability, not a claim of regulatory compliance.
| South African risk environment | FRM connection |
|---|---|
| Banking / Prudential Authority | Credit, market, liquidity, capital and operational-risk concepts. |
| Treasury | Rates, FX, funding, liquidity and balance-sheet risk. |
| Asset management | Portfolio, market, factor and investment risk. |
| Insurance | Liquidity, investment and enterprise-risk thinking. |
| Corporate treasury | Cash-flow, FX, commodity, counterparty and funding risk. |
FRM develops financial-risk capability; it does not replace institution-specific Prudential Authority, FSCA, legal, regulatory or internal compliance requirements.
Keep teaching, practice and revision in one FRM study system
A working professional does not need more disconnected material. The preparation route combines structured teaching with repeated application, timed work and a plan that fits the chosen GARP exam window.
Live faculty-led sessions
Interactive Part I and Part II teaching for candidates who benefit from explanation, discussion and a steady route through difficult concepts.
AI-powered LMS and recordings
Use recorded sessions, notes, mindmaps, infographics, formula support and revision tools between classes.
5,000+ practice resources
Build interpretation, calculation accuracy and stamina through questions, drills, mock exams and revision activities.
Kaplan Schweser support
Recognised review resources, combined with live explanation and question debriefs rather than unsupported self-study.
Mock and revision strategy
Plan timed attempts, diagnose weak areas and adjust your preparation before the official exam appointment.
Registration-route guidance
Understand GARP’s separate Part I, Part II, fee and experience route before committing to an exam window.
Part I and Part II: two different kinds of risk preparation
GARP sets the official curriculum and can update it. The course is organised around the current Part I and Part II topic structure, then reinforced with practice and mock work.
Tools and foundations
Foundations of Risk Management 20%
- Risk types, governance, portfolio theory and financial disasters.
Quantitative Analysis 20%
- Probability, statistics, regression, time series and valuation foundations.
Financial Markets and Products 30%
- Financial products, derivatives, markets, hedging and trading structures.
Valuation and Risk Models 30%
- Value at Risk, volatility, credit-risk models and model validation.
Applied risk management
Market Risk Measurement and Management 20%
- Market-risk measurement, stress testing, hedging and risk limits.
Credit Risk Measurement and Management 20%
- Credit analysis, default risk, structured products and counterparty exposure.
Operational Risk and Resilience 20%
- Operational-risk frameworks, technology, resilience and governance.
Liquidity and Treasury Risk 15%
- Funding, liquidity measurement, balance-sheet and treasury-risk management.
Risk Management and Investment Management 15%
- Portfolio risk, investment process and risk-management applications.
Current Issues in Financial Markets 10%
- Current-cycle topics can include AI, private credit, geopolitical risk, government debt, digital assets and digital resilience.
How do you earn the FRM designation?
Candidates can register for FRM Part I without a prescribed academic qualification or prior work experience. The FRM designation comes after both exams are passed and GARP accepts the required relevant full-time professional experience.
Register for Part I
Create a GARP account and select an available Part I exam administration.
Pass Part I
Part I contains 100 multiple-choice questions in a four-hour computer-based appointment.
Pass Part II
Part II contains 80 multiple-choice questions in a separate four-hour appointment. GARP currently requires Part II to be passed within four years of passing Part I.
Submit experience
Two years of relevant full-time financial-risk work may be accumulated before or after the exams, subject to GARP’s current timing and relevance rules.
100 questions
Multiple-choice, computer-based.
80 questions
Multiple-choice, computer-based.
4 hours
For each official exam part.
240 hours
GARP’s typical total study-time reference; individual needs differ.
Next FRM Exam Window: November 2026
GARP’s current November 2026 administration places Part I on 14-20 November and Part II on 21-25 November. Actual South Africa appointment availability is confirmed during the official GARP scheduling process.
Part I: 14-20 November 2026
Part II: 21-25 November 2026
Standard registration closes: 30 September 2026
Exam appointment scheduling closes: 24 October 2026
GARP controls dates, locations and availability. Confirm the current calendar before registering.
Separate your ZAR training plan from official GARP costs
EduDelphi FRM training fees are quoted in ZAR according to your chosen delivery route and Part I, Part II or combined plan. Request a written breakdown for current batches and payment options.
| Official GARP item | Current USD reference |
|---|---|
| New-candidate enrolment | US$400, paid once with first Part I registration |
| November 2026 Part I | US$800 standard registration · deadline 30 September |
| November 2026 Part II | US$800 standard registration · deadline 30 September |
GARP fees exclude applicable taxes and may change. They are separate from EduDelphi tuition.
Risk reasoning works best when it is applied
EduDelphi uses case-led discussion alongside the syllabus so candidates practise deciding what a risk professional needs to establish, quantify, challenge and escalate, not merely recalling a formula.
Example: a liquidity pressure scenario. A business has rising funding costs, a concentrated customer base and a forecast cash mismatch during a volatile rate period. Learners consider which exposures are material, what data is missing, which metrics matter and how a risk recommendation should be communicated.
Build a stronger financial-risk narrative in South Africa
FRM knowledge can strengthen readiness for credit, market, treasury, liquidity, operational-risk, investment-risk, governance and risk-advisory work. It does not guarantee a job, promotion or salary increase.
- Risk Analyst or Senior Risk Analyst
- Credit, Market or Operational Risk Analyst
- Treasury or Liquidity Risk Analyst
- Risk Governance, Controls or Advisory professional
- Financial-services, insurance, asset-management or corporate-risk candidate
Outcomes still depend on experience, employer needs, technical capability, communication and the nature of the role.
Learn with trainers who connect exam preparation to finance practice
Shyam Sarrof
CPA (USA) · CMA (USA) · ACA · ACMA · CS · CFA · ACTM · MBA · B.Com (H)
Shyam brings 22+ years of professional experience and more than 13 years guiding finance-certification candidates. He links risk frameworks with the business decisions behind them.
Faculty perspective: candidates progress faster when they start question interpretation alongside concept study rather than leaving full mock work until the end.
Avijit Goswami
FRM · CPA (USA) · CMA (USA) · FCS · FCMA · LLB · CFA · M.Com
Avijit supports FRM learners with structured concept review, quantitative problem-solving, mock analysis and revision planning across both examination parts.
Faculty perspective: a difficult calculation becomes manageable when you first identify the risk question, data assumptions and the decision the result is meant to inform.
Corporate FRM training for South African risk and finance teams
Private FRM preparation can be planned around the needs of banking, treasury, finance, risk, control and advisory teams, with scheduled live delivery, online options and cohort pacing around reporting calendars.
Teams from recognisable organisations have chosen EduDelphi for professional-learning programmes. Logos are shown for training experience and do not imply endorsement of this course.
FRM Course in Johannesburg, Cape Town, Pretoria & Durban
Join scheduled live online study from anywhere in South Africa, or discuss classroom, hybrid and corporate delivery when available. Recordings and the AI-powered LMS help working professionals maintain momentum between live sessions.
Johannesburg / Sandton / Midrand
Banking, consulting, telecom, enterprise and financial-services candidates.
Pretoria / Centurion
Public-sector, governance, technology and risk professionals.
Cape Town
Asset management, technology, financial-services and advisory teams.
Durban / KwaZulu-Natal
Financial services, industrial, logistics and enterprise risk teams.
FRM, CFA, CA(SA) or US CMA?
The best credential depends on the work you want to do. FRM is designed for financial-risk depth, not to replace every finance, investment or accountancy qualification.
| Route | Main direction | Usually best when |
|---|---|---|
| FRM | Financial risk management | You want deeper coverage of market, credit, liquidity, operational and investment risk. |
| CFA | Investment analysis and portfolio management | Investment research, valuation and portfolio roles are the main direction. |
| CA(SA) | South African chartered accountancy | Broad accountancy, reporting, audit and professional-finance capability are the main direction. |
| US CMA | Management accounting and commercial finance | FP&A, costing, performance management and finance leadership are the main direction. |
FRM course and exam questions
What is FRM certification?
FRM means Financial Risk Manager. It is a professional certification administered by GARP for candidates who pass FRM Part I and Part II and meet the relevant professional-experience requirement.
Can I register for FRM from South Africa?
Yes. GARP manages registration and exam scheduling. EduDelphi helps candidates understand the process, while GARP confirms the official registration, appointment and certification requirements.
How many questions are on the FRM exams?
FRM Part I currently has 100 multiple-choice questions and FRM Part II has 80. Each exam part has a four-hour appointment.
Do I need work experience before taking FRM Part I?
No. GARP requires two years of relevant full-time financial-risk work experience for certification. It may be accumulated before or after the exams, subject to GARP’s current timing and relevance rules; candidates currently have 10 years after passing Part II to submit it.
Do I have to pass Part I before Part II?
Yes. GARP requires candidates to pass Part I before receiving Part II credit, and Part II must currently be passed within four years of Part I.
What are the annual FRM exam windows?
GARP currently offers FRM exams in May, August and November. For the November 2026 administration, Part I is 14-20 November and Part II is 21-25 November.
What does FRM cost in South Africa?
EduDelphi preparation fees are quoted separately in ZAR. GARP currently lists a US$400 one-time enrolment fee for new candidates plus US$800 standard November 2026 registration per exam part, before applicable taxes. Standard registration closes 30 September 2026.
Can I defer my FRM exam?
GARP currently permits one deferral to one of the next two exam administrations for US$250, subject to published deadlines. For the November 2026 administration, the current deferral deadline is 30 September.
What is the FRM pass rate?
GARP’s latest published November 2025 pass rates were 47% for Part I and 50% for Part II. Rates can vary by administration, so they are context rather than a guarantee of an individual outcome.
Are Kaplan Schweser, recordings and mocks available?
Yes. The preparation route includes Kaplan Schweser support, live teaching, recordings, an AI-powered LMS, 5,000+ practice resources, timed mocks and structured revision support.
How long does FRM preparation take?
Timing depends on your background, weekly availability and whether you are planning Part I or Part II. GARP cites approximately 240 study hours as a typical reference; EduDelphi helps map a realistic plan around the selected exam window.
Can I study FRM online from Johannesburg, Cape Town, Pretoria or Durban?
Yes. Live online, self-paced reinforcement and recordings are available nationwide. Classroom, hybrid and corporate delivery can be discussed based on scheduled availability and cohort needs.
Do you offer corporate FRM training?
Yes. Teams can discuss private preparation for risk, finance, treasury, audit and control functions, including pacing around internal reporting calendars and Part I or Part II priorities.
Get FRM fees, syllabus and South Africa batch options
Share your current role, intended exam part and preferred learning mode. We will send current ZAR training-fee guidance, batch options, the Part I or Part II study route and a clear separation of EduDelphi tuition from GARP’s official costs.
