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The Global Association of Risk Professionals (GARP) ® is a not-for-profit association consisting of members from around the world who are involved in financial risk man-agement. Members come from over 100 countries, and work in regional and global banks, asset management firms, insurance companies, central banks, securities regu-lators, hedge funds, universities, large industrial corporations and multinationals.

IAB Centre is pleased to announce an opportunity for candidates to obtain an internationally recognised certificate in risk management provided by GARP® called the Risk Certification Program (RCP). This course is based on the famous book published by GARP® called ‘The Foundations of Banking Risk (FBR) Program’. Although this book is written in the context of Western banking practice, many of the principles apply equally to Islamic Finance, and will certainly provide a sound education for any candi-date who is seeking to extend their career opportunities abroad or locally.

International Certificate in Banking Risk and Regulation (ICBRR). This is a higher level qualification requiring a deep understanding of risk management methodologies and knowledge of the regulatory principles stated by the Basel Committee on Banking Su-pervision. The subject areas covered are broadly as follows: Market Risk Management, Credit Risk Management, Integrated Risk Management, and Operational Risk Manage-ment. Obtaining this certificate will provide a pathway to even greater career opportu-nities.


All candidates must take an English language test if they wish to sit ICBRR or RCP in English. Candidates whose score does not satisfy the Intermediate (or above) level will be required to attend a Business or Financial English course at an appropriate level before proceeding to the relevant course registration.

Why IAB Centre?

IAB Centre is the leading provider of professional education in Armenia. Our Business School holds various international ac-accreditations, including recognition by the Association of Chartered Certified Accountants (ACCA), UK with whom we have been an approved learning partner since 2002.
We have working alliances with most of the key international institutions that pro-vide professional certifications.

During 2011 we piloted the first RCP program for GARP in Armenia and 94% of the students taken the exam were successful.
In addition to our business school we have a very dynamic language academy that is capable of complementing the business school with English language support for foreign student.

Progression opportunities:

After obtaining ICBRR a candidate can progress to FRM. The Financial Risk Manager (FRM®) designation is globally recognised standard for those who manages risk. Certified FRMs have achieved positions such as Chief Risk Officer, Senior Risk Analyst, Head of Operational Risk Department. FRM is a rigorous two-part, practice-oriented examination. There are over 21,000 Certified FRMs practicing worldwide.

Exam language:

RCP could be taken in English or Russian, while ICBRR is in English only.

To be considered for this course please 
click here to full the electronic booking form.

For more information please download our GARP Brochure or contact us:

Tel: 010 542311
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