Tackling Financial Risk – ACCA and The Global
Tackling Financial Risk – ACCA and The Global
Association of Risk Professionals Strike a Deal
New York, London, January 25, 2008 — ACCA (the Association of Chartered Certified Accountants) members who work in the insurance and banking sectors stand to benefit from a new collaboration forged between the accountancy body and the Global Association of Risk Professionals (GARP).
The ACCA has endorsed GARP training courses, the FRM ® program, The International Certificate in Banking Risk and Regulation and TheCertificate in Energy Risk Management as part of the ACCA’s Career Pathways Program. The benefits for ACCA members include a 15% discount on selected GARP programs.
Clare Minchington, Managing Director - Learning and Technical Policy at ACCA, says: “This is an excellent global alliance for our members. The role of the accountant is increasingly involved in identifying and managing financial risks – perhaps more so now in the current economic climate. The CPD (continuing professional development) opportunities offered by our alliance with GARP are therefore highly valuable and relevant – both here in the UK and around the world.”
“GARP is excited to be offering unique and flexible professional development opportunities and opening the door to GARP’s resources to ACCA members,” says Greg Winsper, Global Head of Marketing and Business Development at GARP. “The fusion of resources between ACCA and GARP will provide optimal networking and career advancement programs to benefit members of both organizations.”
As background, GARP is known throughout the financial risk management community as creating global standards. For example, The Financial Risk Manager (FRM®) certification is internationally recognized among financial risk professionals worldwide as the qualification to possess. The program is designed to comprehensively measure a financial risk manager’s ability to manage risk in a real-world environment. Earning the FRM designation broadens skill sets and demonstrates a standardized level of knowledge in the field of financial risk management, giving the candidate a competitive edge over peers.
The FRM exam is offered only once a year and can be taken in over 70 testing sites around the world. Currently there are almost 11,000 Financial Risk Managers in over 90 countries around the world.
The International Certificate in Banking Risk and Regulation is designed to develop a person’s knowledge and understanding of banking risk, regulation and supervision based on the Basel Accords. It gives an individual a better understanding of the various types of financial-related risks now coming to the forefront in an expanding global risk-based regulatory environment.
ACCA members who are interested in taking GARP’s certifications and taking advantage of these special opportunities should contact: careerpathways@accaglobal.com