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.
- Add compliance with the Risk & Compliance Pack if your role also touches compliance and financial crime.
Bundles that fit this path
UAE-licensed roles. In the UAE, the CMA licensing chart pairs UAE 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 no audio narration for RFS yet.
Not sure this is your path?
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