The document compares the Energy Risk Professional (ERP) and Financial Risk Manager (FRM) certifications, focusing on their content, target industries, and exam structure. ERP is aimed at risk management in the energy sector, while FRM covers broader financial market risks. Both certifications have similar exam fees and serve to enhance professional knowledge in their respective fields.

1. ERP vs. FRM – which one should you choose?

2. tipsuae.com
FRM Overview
• Professional certification.
• FRM deals with risk management dynamics in
the financial market.
• Increase in growth and competition.
• 28,000 certified FRM worldwide

3. ERP at a glance
• Knowledge based professional.
• Established in 2010 by GARP.
• TIPS is the only GARP ERP preparation
institute in Dubai.
• Provides necessary skill set to excel in Oil &
Gas Risk as well as Alternative Energy Risk
Industry.
• 6 certified ERP in Dubai
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4. Get to know GARP
• Global Association of Risk Professionals
• Not-for-profit organization
• Educate and inform risk management
professionals
• TIPS is the only institute in GCC region
providing Energy Risk Professional
Preparation Classes.
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5. Differentiating ERP and FRM
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6. tipsuae.com
ERP
Energy market
designation
Knowledge about
risks, complexities,
and diversity of
various energy
markets
Tangible
commodities that
require
management,
storage, handling,
and distribution
Handling and
safety procedures
of the equipment

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FRM
Financial markets
Valuations and
Risk Management
Derivative
Valuation and
Hedging
techniques
Understanding risk
management
theories and
applying them
Deal with
contingency plans
that can be
required on urgent
notices

8. The ERP Exam
Part I Part II
Introduction to Energy Commodities & Risk
Management
Price Formation in Energy Markets
Crude Oil Markets and Refined Products Risk Management Tools
Natural Gas and Coal Markets Financial Energy Transactions
Electricity markets and Renewable Generation
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9. The FRM Exam
Part I Part II
Foundations of Risk Management Market Risk Measurement and Management
Quantitative Analysis Credit Risk Measurement and Management
Financial Markets and Products Operational and Integrated Risk Management
Valuations and Risk Management Risk Management and Investment Management
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10. The ERP Exam
Part I Part II
80 question multiple choice exam 60 question multiple choice exam
Focus on Energy commodities, risk management,
natural gas, coal, electricity and renewal energy.
Focus price formation, risk management tools and
techniques, and financial energy transactions.
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11. The FRM Exam
Part I Part II
100 question multiple choice exam 80 question multiple choice exam
Focus on quantitative analysis, fundamental risk
management concepts, financial markets and
products, and valuation and risk models
Focus on market, credit, operational and
integrated risk management, investment
management as well as current market issues
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12. Exam Fee Details (Standard)*
• Enrollment fee $300
• Exam fee $475
• Total Exam Fee $775 (In Dubai)
*the same rate applies for both FRM and ERP
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13. • For more information visit: tipsuae.com
• Call: +971 455 45810
• Email: info@tipsuae.com
• For more details about the exams, visit:
https://www.garp.org
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