Career path
Risk: your exam route
You measure and manage risk: operational, credit, market or enterprise-wide. RFS is built around that work, and it rewards calculation practice.
Who this path is for
- Risk officers and heads of risk
- Credit and market risk analysts
- Operational risk specialists
- Credit rating analysts
Your exams
Which order?
- RFS has 10 chapters. Operational risk and credit risk carry the most marks between them, and the exam includes calculations such as expected loss, standard deviation and the Herfindahl-Hirschman Index.
- Licensed in the UAE the UAE Risk & Compliance Pack adds UAE FRR and CFC to RFS for £119, covering both the risk and the compliance approved function.
Bundles that fit this path
UAE-licensed roles. In the UAE, the CMA licensing chart pairs UAE Financial Rules & Regulations (FRR) with RFS for chief risk officers, heads of risk and credit rating analysts. See the
UAE licensing guide.
Career paths are a guide, not a rule. Requirements vary by employer and regulator, so confirm what your own role needs before you book an exam.
Related guides
FAQ
Is RFS mostly theory?
It has a lot of calculation. The bank includes worked questions on expected loss, VaR inputs, standard deviation and concentration.
What's included?
252 practice questions, 10 chapter walkthroughs and a cram sheet. There's narrated audio for every concept box in RFS yet.
Not sure this is your path?
Compare every exam side by side, by career.
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