GAFM-ACRA Exam Information and Outline
Advanced Certified Risk Analyst - Finance (ACRA)
Syllabus Update Checked on: November 9, 2026
GAFM-ACRA Exam Syllabus & Study Guide
Before you start practicing with our exam simulator, it is essential to understand the
official GAFM-ACRA exam objectives. This course outline serves as your roadmap.
The information below reflects the 2026 syllabus defined by
GAFM.
Below are complete topics detail with latest syllabus and course outline, that will help you good knowledge about exam objectives and topics that you have to prepare. These contents are covered in questions and answers pool of exam.
- Exam Format
- Online multiple-choice certification examination following the GAFM Accredited Certification Training Program (ACTP)
- Risk Management Framework
- Enterprise risk management and risk appetite
- Risk governance and three lines of defence
- Market Risk
- Value at Risk, stress testing and scenario analysis
- Interest rate and FX risk
- Credit Risk
- Probability of default, LGD and EAD
- Credit scoring and portfolio risk
- Credit derivatives
- Liquidity Risk
- Liquidity gap analysis
- LCR and NSFR
- Operational Risk
- Risk and control self-assessment
- Key risk indicators and loss data
- Quantitative Methods
- Statistics, regression and Monte Carlo simulation
- Financial risk modelling
- Regulation
- Basel III/IV capital requirements
- Risk reporting and disclosure