Financial Risk Manager (FRM) Exam Part II — Global Association of Risk Professionals (GARP)
The Financial Risk Manager (FRM) Part II exam from GARP tests advanced risk management in market risk, credit risk, operational risk and resilience, liquidity and treasury risk, risk and investment management and current issues in financial markets. SummitCert's portal turns the 2026 study guide into explained practice questions, flashcards, a timed 80-question mock and progress tracking by domain.
One-time purchase · lifetime access · study on any device
Everything included — in full detail
This is exactly what you unlock. No vague promises — real numbers, straight from the portal.
Your full practice pool — 350 questions total, written to mirror the real exam blueprint, with full answer explanations for every question.
Including Market Risk Measurement and Management, Credit Risk Measurement and Management, Operational Risk and Resilience, and more.
A complete, realistic exam-day simulation with the same question count and time limit as the real thing.
Covering every key term, concept, and framework you're expected to know.
Hand-picked walkthroughs and explainers organized by topic.
Visual breakdowns of the frameworks and models the exam tests you on.
The exact formulas and calculations you need, ready to review before test day.
A searchable glossary so unfamiliar terminology never slows you down.
See your accuracy by domain, spot weak areas early, and follow a built-in study schedule.
Tailored to this exam: it knows your progress and weak areas, remembers your earlier chats, and picks up where you left off on your other devices.
Study anywhere — your progress syncs on the device you are using and picks up where you left off.
No subscriptions, no renewals — buy once and keep studying until you pass.
See the FRM Part II Exam portal
Real screenshots — this is exactly what you'll be studying in. Click to zoom in.
How would you like to start?
Try before you buy, or jump straight into full access.
Topics you'll drill
6 core topics pulled straight from the real question bank.
- Market Risk Measurement and Management
- Credit Risk Measurement and Management
- Operational Risk and Resilience
- Liquidity and Treasury Risk Measurement and Management
- Risk Management and Investment Management
- Current Issues in Financial Markets
FRM Part II Exam exam requirements & cost
Straight from the certifying body — separate from what we charge for the study portal.
The 2026 GARP FRM study guide describes Part II as 80 multiple-choice questions in 4 hours. The six domains and weights are Market Risk Measurement and Management (20%), Credit Risk Measurement and Management (20%), Operational Risk and Resilience (20%), Liquidity and Treasury Risk Measurement and Management (15%), Risk Management and Investment Management (15%) and Current Issues in Financial Markets (10%). GARP does not publish a pass mark in the documents used for this portal, so the percent score in the portal mock is only a self-check. GARP does not publish a fixed passing percentage; the percent score in the portal mock is only a self-check. GARP sets the enrollment and exam fees and changes them by registration window; confirm the current amounts on the GARP site before you register. The content outline spreads questions across 6 areas; the largest are Market Risk Measurement and Management (20.0%); Credit Risk Measurement and Management (20.0%); Operational Risk and Resilience (20.0%). The full list of areas and weights is on the portal exam page. GARP lists the FRM registration and Part II rules on its program page; check them before you register. The portal is a practice aid built on the published study guide: it is not a copy of the exam and does not predict your result.
FRM Part II Exam exam blueprint
Real domain weighting from the certifying body's own published exam syllabus.
- Market Risk Measurement and Management20%
- Credit Risk Measurement and Management20%
- Operational Risk and Resilience20%
- Liquidity and Treasury Risk Measurement and Management15%
- Risk Management and Investment Management15%
- Current Issues in Financial Markets10%
Real pass rate, retake policy, scoring, and a study timeline for FRM Part II Exam — free, no purchase required.
Common questions
You might also need
Master the essentials of internal auditing with a full question bank, timed exams, and a shelf of real career reading.
5.0 (2)
Engagement planning, fieldwork, and reporting — drilled with realistic practice questions.
Business acumen, IT, and financial management for the final CIA paper.
Compliance program elements, risk assessment, training and communication, monitoring and auditing, and investigations — full prep for the 115-question CCEP exam from the Compliance Certification Board.
Risk strategy and planning, identification, analysis, response, and monitoring and closing — practice for the PMI-RMP exam, with 1,000 flashcards, 350 quiz questions and a 115-question mock exam.