garp_erp_candidate_guide_11615.pdf

ERPCandidate Guide

2015

1The ERP was developed in response to the growing need for risk

managers who understand the breadth and complexity of risk

across the physical and nancial energy markets.

Whether you currently work in the energy industry or are inter-

ested in transitioning to a career in energy, earning the ERP

designation can help accelerate your career and professional

development.

Topics covered in the ERP Program are meant to improve your

understanding of how global energy markets operate and inu-

ence one another. This framework for identifying and analyzing

a variety of energy risk-related issues, and can dierentiate you

when being considered for assignments of increasingly higher

responsibility.

The ERP Exam is developed with a panel of leading energy risk

practitioners whose expertise spans the full range of disciplines

covered by the exam. Updated annually, the ERP curriculum is

derived from current industry standards and practices. It creates

a link between the physical and nancial energy markets.

the ERP curriculum covers:

Exploration, production, transportation, storage, rening, processing, and

distribution of physical energy

commodities

Structuring and valuation of nancially traded energy products

Identication and management of market, credit, and enterprise

management risk

The Energy Risk Professional (ERP) designation is the only global certification for risk professionalsin the energy field.

ERP CandidatE GuidE | OvERviEw

The ERP Exam is a comprehensive, practice-oriented assessment that spans both the physical and financial markets.

Test weights and question allocation are structured to create an exam that

balances intellectual rigor against exam validity and reliability, two important

characteristics of any professional certication exam.

Enrolling in the ERP Program is straightforward; candidates register for the

ERP Exam online via the GARP website. The ERP Exam is oered twice a

year, in May and November. There are no educational or professional prereq-

uisites to register for the ERP Exam.

After achieving a passing score on the ERP Exam, a candidate must satisfy a

work experience requirement in order to be certied. Candidates demonstrate

a minimum of two years of full-time work experience in the area of energy

risk management or another related eld including, but not limited to: trading,

portfolio management, faculty academic, industry research, economics,

auditing, risk consulting, and/or risk technology. A sample list of job titles

that GARP uses for ERP certication purposes is available on our website.

Once certied, ERPs are required to further their skills and knowledge through

a mandatory Continuing Professional Development (CPD) program. GARPs

CPD program provides a formal means to meet the growing demands of

their profession while ensuring the ongoing integrity of the certication.

CPD oers ERPs a framework to remain abreast of industry trends such as:

challenges and solutions in energy modeling and optimization of physical

assets, enterprise risk management, fundamental supply and demand trends

in physical energy commodity markets, and compliance with new accounting

and regulatory initiatives. The CPD program requires 40 credit hours to be

earned every two years.

ERP Exam8 hours/140 questions

demonstrate 2 Years Related work Experience

CertiedEnergy Risk Professional

Mandatory Continuing Education 40 hours/2 years

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in 2014 ERP candidatescame from 70 dierentcountries acrossthe globe

2014: 1300+ registrations for theERP Exam

Top 7 countries/regionswith the most ERPs: United States33%, UnitedKingdom10%, Canada9%,India7%, Singapore6%,Switzerland6%, Germany5%

{organizations have had three or more registrations for theERP Exam since 2009

400+

Registration has grown

an average of

per year since 201017.5%&

4GARPs Energy Oversight Committee (EOC), a panel of

the leading energy risk practitioners worldwide, supervises

the development of the ERP Exam. Current members

include academics and practitioners with expertise in risk

consulting, risk management, commodity trading, and

quantitative analysis from both the physical and nancial

energy markets.

The ERP curriculum is developed in conjunction with the

EOC to address the fundamental knowledge, skills and

abilities necessary for professionals that manage risk in

the energy industry. This body of knowledge is published

in the ERP Study Guide. A more detailed summary of the

key learning objectives associated with each topic are

summarized in the ERP Program Manual.

ERP Exam StructureThe ERP Exam is a pencil and paper multiple choice exam

of 140 questions. The ERP Exam is eight hours long and is

divided into two sessions of four hours each, the AM session

and the PM session.

Each session contains 70 multiple choice questions. The

exam is oered exclusively in English, twice a year in May

and November, in person at approximately 90 exam sites

around the world. This approach ensures that there is

fairness and consistency for all candidates globally.

ERP Exam ContentThe ERP Exam is a comprehensive, practice-oriented

assessment that spans both the physical and nancial

energy markets. Candidates are expected to demonstrate

an understanding of important concepts associated with

several broad areas of study.

The content and question allocation for the 2015 ERP Exam

has been structured to balance intellectual rigor against

exam validity and reliability, two important characteristics

of any professional certication exam.

The test weights for the 2015 ERP Exam are as follows:

PHYSICAL ENERGY COMMODITIES AND ELECTRICITYtOtaL wEiGHt: 50%

Mineral Rights and Project development (5%) Mineral rights and project development

Project development and real options

Crude Oil Markets and Rened Products (15%) Crude oil production

Global crude oil benchmarks

Crude oil transportation and storage

Petroleum rening

Unconventional Oil

natural Gas and Coal Markets (10%) Natural gas properties, transportation and storage

Global natural gas markets and price dynamics

Global coal markets

Electricity Markets and Renewable Generation (20%) Economics of electricity markets

Cash markets for power trading

Analytical tools and structured solutions for

electricity markets

Global market design

Renewable generation, integration and project

nance

The ERP Exam: Structure and Content

Companies Employing the Most ERP Candidates

FinanCiaL inStitutiOnS Barclays Capital

Citi

Credit Suisse

HSBC

JPMorgan Chase

Morgan Stanley

Standard Chartered

UBS

EnERGY COMPaniES BP

Capital Power

Constellation

DTE Energy

EDF Energy

ENI

E.ON

Gazprom

GDF SUEZ

Hess

Litasco

RWE AG

Shell

Statoil

TransAlta

COnSuLtinG FiRMS Allegro

Deloitte

EY

KPMG

PwC

Sapient

PuBLiC/GOvERnMEnt aGEnCiES Federal Energy Regulatory

Commission (FERC)

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FINANCIAL PRODUCTS AND RISK MANAGEMENTtOtaL wEiGHt: 50%

Financially traded Energy Products (15%) Commodity trading and risk management

Forward contracts and exchange traded futures

Energy commodity swaps

Options and option strategies

Natural gas and crude oil market dynamics

Regulation of nancially traded energy products

data analysis and Market Risk (15%) Data analysis tools and applications

Market risk tools

Energy spot price formation

Energy price volatility and modeling

Credit, Counterparty, and Country Risk assessment (15%) Fundamental credit assessment

Credit exposure metrics

Counterparty credit exposures, pricing, mitigation and documentation

Central counterparty clearing

Wrong-way risk

Country risk assessment

Enterprise Risk Management and Business Ethics (5%) Enterprise risk management (ERM) framework

Determining and communicating risk appetite and risk tolerance

Quantitative and qualitative risk metrics

Implications of E3 and a Complex Infrastructure System (CIS)

The GARP Code of Conduct

6Registration PeriodsCandidates can register online for the ERP in one of three

registration periods: Early, Standard, and Late. There is a

dierence in price between the three periods, which are

detailed in the Fees section below.

FeesWhen registering for the ERP Exam for the rst time,

candidates pay an enrollment fee and an exam fee.

The enrollment fee covers the basic costs associated

with developing the ERP Program and administering the

ERP Exam. Candidates are required to pay the enrollment

fee when they initially register for the ERP Program.

The enrollment fee is to participate in the ERP Program,

not to sit for the exam. Additionally, the enrollment fee

entitles you to a complimentary one year GARP Individual

Membership (a US$195 value). Fees can be paid via secure

online payment, by check (if drawn on a U.S. bank and

payable in U.S. dollars), or by wire transfer.

The Exam Fee is the cost to sit for a particular exam. This

fee varies based on the registration period. Fees associated

with each registration period are as follows:

Early Registration: US$450 Standard Registration: US$575 Late Registration: US$750

DeferralsAn ERP candidate may only defer exam registration once to

the next test date. Please note:

A deferral to the next examination date must be submitted by the last day of registration. For example,

the last day of registration for the May Exam is April 15;

for the November Exam the last day of registration is

October 15.

There is an administrative processing fee of US$100 that accompanies each exam deferral.

This fee is payable by credit card only at the time of your

deferral request.

Suggested readings will change from year to year.

More information on deferring the ERP Exam can be found

on GARPs website.

Registering for the ERP Exam

In 2015, the ERP Exam will be offered on May 16, 2015 andNovember 21, 2015.

BEFORE REGISTRATION: A CHECKLIST

Before registering for the ERP Exam, we suggest that you:

Ensure that your passport or drivers license will not expire by the date of the exam, and the name on your passport or drivers license exactly matches the name under which you are registering for the exam.

Only a current and valid passport or drivers license, which must include a photograph of the ERP candidate, will be accepted for identication purposes. GARP will not accept work/employer identication cards, voter identication cards, PAN cards, a learners permit or even a student identication card.

The name on your passport or drivers license must be exactly the same as the name on your exam registra-tion. For example, the name cannot be used to register for the exam; Xuecheng Li would be the correct name to use to register using the phonetic alphabet.

We cannot list all forms of identication that are not acceptable. This is why we only accept an original country-issued passport or drivers license for admission.

Please visit our website for additional information on our ID policy, to ensure you are not turned away on exam day.

Familiarize yourself with key ERP Exam deadlines.

Learn about GARPs exam policies.

Decide where to take your exam.

Review, understand and agree to GARPs Code of Conduct and Candidate Responsibility Statement.

Evaluate your need for special accommodations for Americans with Disabilities (ADA), or request an alternative exam date for religious reasons (RAD).

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PASSPORT

COPYCOPYCOPYCOPY

DRIVERS LICENSE

12/34/5678PERMANENT ACCOUNT NUMBER

8Due to the sizeable amount of material covered in the exam, we suggest that

you create a weekly study schedule to spread out study hours over an extended

period. Cramming for the exam in the few weeks leading up to it is not recom-

mended. The time needed for exam preparation will vary from person to person

and will be based on a number of factors including an individuals professional

experience, their general level of knowledge of the energy markets and reading

comprehension aptitude. For past exams, a majority of candidates report

spending anywhere between 150 to 400 hours preparing for the exam.

Study Materials The ERP Study Guide summarizes all required readings for the ERP Exam.

In addition, Key Concepts appear as bullet points at the beginning of each

section of the Study Guide and are intended to help candidates identify the

major themes and knowledge areas associated with a particular section.

The ERP Program Manual was developed to assist ERP candidates in their preparation for the ERP Exam by outlining learning objectives and

suggesting strategies for completing the reading material detailed in the

ERP Study Guide. The manual also contains a sample 15-week study plan.

It can be downloaded from the GARP website.

Practice Exams are available and are free to registered candidates on the GARP website. Candidates are strongly encouraged to download and

take the ERP Practice Exams. Practice Exams will provide candidates with

a good sense of the question types to expect when sitting for the actual

ERP Exam, and will allow the candidate to estimate how much time they

can expect to spend answering individual questions. Each Practice Exam

contains questions, answer keys, and detailed explanations for all answers.

It is recommended that candidates mimic exam day conditions when taking

each Practice Exam. Allocate 1.5 hours for each exam with only paper, pencil,

calculator, and a timer.

ERP ExamStudy GuideThe designation for risk professionals in the energy sector

2015

2015

ERPProgram Manual

2015

ERPPractice Exam

Preparing for the ERP Exam

To help ERP candidates get ready for the ERP Exam, GARP provides studyresources, Practice Exams, and information on approved, third-party ExamPreparation Providers.

9 ERP Core Readings and Course Packs. The ERP Core Readings cover risk management in both the physical and nancial sides of the global energy

markets. Study areas include: the production, distribution and trading of

physical energy commodities; the structure of worldwide electricity markets;

the structuring, trading and valuation of energy-based nancial instruments;

principles for modeling energy price behavior; techniques for evaluating

and managing risk in the energy markets; and principles for evaluating and

managing credit, counterparty, and country risk.

Exam Preparation ProvidersSome candidates for the ERP Exam may wish to study the exam material

with the assistance of an ERP Exam Preparation Provider. Exam Preparation

Providers may oer courses online or in person.

GARP provides a list of approved ERP Exam Preparation Providers on our

website as a service to ERP candidates. Please note that GARP does not

endorse, promote, review or warrant the accuracy of the products or services

oered by providers of ERP related information, nor does it endorse any

pass rates claimed by the Exam Preparation Provider. Further, GARP is not

responsible for any fees or costs paid by the user to an ERP Exam Preparation

Provider.

Study GroupsWhile the ERP curriculum is designed to be a self-study program, many

candidates nd that studying with their peers positively impacts their exam

preparation. You can connect with other ERP candidates to form study groups

by joining our Facebook or LinkedIn groups. Alternatively, many GARP Profes-

sional and University Chapters now facilitate study group sessions that enable

ERP candidates in the same city or region to meet each other and ask GARP

Regional Chapter Directors questions about the exam.

2015

ERP ExamCourse PackVOLUME 1Mineral Rights and Project DevelopmentCrude Oil Markets and Refined ProductsNatural Gas and Coal Markets

2015

ERP ExamCourse PackVOLUME 2Electricity Markets and Renewable Generation

2015

ERP ExamCourse PackVOLUME 3Financially Traded Energy Products Data Analysis and Market Risk

2015

ERP ExamCourse PackVOLUME 4Credit, Counterparty, and Country Risk AssessmentEnterprise Risk Management and Business Ethics

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Exam LocationsThe ERP Exam is a pencil and paper multiple-choice exam

oered exclusively in English. This in-person approach

ensures that there is fairness and consistency for all candi-

dates, globally. While cities remain the same, locations

within each city may change from year to year. A complete

list of exam sites is available on the GARP website.

IdentificationUpon your arrival at one of the exam sites, only a current

and valid government-issued passport or drivers license,

which must include a photograph of the ERP candidate, will

be accepted for identication purposes. The name on your

passport or drivers license must be exactly the same as the

name on your exam registration. For more information, visit

the GARP website.

CalculatorsOnly GARP-approved calculators are permitted to be used

at the ERP Exam. Use of a non-authorized calculator during

the exam will result in the candidates answer sheet not

being graded, and the candidate will receive no score

for the exam. Candidates may not consult the operators

manual for their calculator during the exam. Calculator

memory must be cleared prior to the start of the exam.

The calculators approved for use during the ERP Exam are:

Hewlett Packard 12C (including the HP 12C Platinum and the Anniversary Edition)

Hewlett Packard 10B II Hewlett Packard 10B II+ Hewlett Packard 20B Texas Instruments BA II Plus (including the BA II

Plus Professional)

GARPs calculator policy should be reviewed on the GARP

website in advance of exam day.

Prohibited ItemsIn order to maintain the integrity of the testing process,

no cameras, mobile phones (including smartphones

or iPhones), computers, pagers, headsets or PDAs are

permitted. Additionally, baggage of any kind such as

backpacks, handbags, tote bags, briefcases, laptop bags,

luggage, carrying cases or pencil cases is not permitted in

the testing room, although a designated area away from

the testing room can be accessed during the examination.

A full list of permitted and prohibited items can be found

on the GARP website under Exam Center/Room Policies.

Sitting for the ERP Exam

The exam is offered in person at approximately 90 exam sites aroundthe world.

Duration of the ExamEach part of the ERP Exam is four hours long, for a total of eight hours.

The AM session consists of 70 multiple choice questions and the PM

session also consists of 70 multiple choice questions. You must sit for

both the AM and PM sessions in order for your ERP Exam to be graded.

Both the AM and PM sessions must be attended in a single exam

administration.

Scoring the ExamThere are no penalties for incorrect answers. The passing score is

determined in conjunction with the Energy Oversight Committee.

Exam ViolationsGARP seriously reviews each and every exam Violation Report. Here are

some of the violations that have resulted in a Candidate Violation Report

being led and, subsequently, a candidates exam not being graded:

Candidate began the exam early Candidate opened the exam booklet early Candidate continued to write after the session ended Candidate brought a cellular telephone into the exam room Candidate was caught cheating Candidate violated GARPs calculator policy

Exam ResultsExam results are pass/fail and are released via email approximately

six weeks after the exam is administered. Candidates are provided with

quartile results that enable them to see how they scored on specic

areas relative to other candidates.

What to bring on exam day: Exam admission ticket Current drivers license or

passport approved calculator #2 or hard black (HB) pencils

the following items may be carried in your pockets or in transparentplastic bags. Plastic bags must be placed under your chair andmay be accessed during the exam. wallet (or money purse) Calculator batteries Erasers Pencil sharpeners Eyeglasses Earplugs Medicine tissues Other medically necessary or

personal items

Food and drink containers may notbe opened in the testing room. allfood and drinks must be consumedoutside the testing room.

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Using the ERP to Build Your Career

Certified ERPs have a competitive advantage that provides them the opportunity to accelerate their careers across many facets of the energy space.

Candidates who pass the ERP Exam demonstrate their understanding of

the unique link between physical energy commodity markets and the nan-

cially traded instruments, as well as their mastery in the measurement and

management of energy risk.

Candidate TypesEnergy Professionals Professionals in the energy space leverage the ERP certication to broaden

their knowledge of the complex energy value chain, to sharpen their ability to

identify, analyze and manage risk, and to remain abreast of emerging trends

across the energy industry, particularly in areas where they have less direct

professional experience.

For younger energy professionals near the start of their careers, becoming a

ERP is an excellent way to stand out among their peers while demonstrating

a commitment to the energy industry.

Career ChangersCareer changers, such as those individuals previously working in non-nance,

non-risk, or non-energy roles, become ERPs in order to develop specialized,

practical knowledge in the rapidly growing global energy space. Undertaking

the rigorous course of study to become an ERP signals commitment to the

energy sector.

StudentsStudents with an interest in a career within the energy eld may elect to

sit for the ERP Exam during or immediately after completing their studies

in order to complement their prior coursework or to develop a base of

specialized knowledge that was not available in their university curriculum.

Students recognize the benet of signaling to prospective employers their

dedication to learning about the energy marketplace through engagement

in the ERP Program.

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Career BenefitsStand out to current and prospective employersWhether you currently work in the energy industry or are

interested in transitioning to a career in energy, earning the

ERP designation can help accelerate your career. Becoming

an ERP demonstrates your commitment to the energy

markets. It empowers you with a knowledge framework for

identifying and analyzing a variety of risk-related problems

across the energy value chain, while instilling condence

to seek assignments with increasingly higher levels of

responsibility.

Join an elite groupERPs join a lifelong network of similarly-minded risk

management professionals, allowing you to expand your

professional career opportunities within the worlds of

nance and energy. Candidates for the ERP designation

work in a number of industries, including:

Energy companiesincluding oil, power, natural gas and LNG, renewables

Financial Institutionsincluding commercial and investment banks, asset management rms, hedge funds

Consulting rms Technology rms Government agencies

demonstrate your leadershipMastering the ERP curriculum requires discipline and repre-

sents a signicant commitment to the risk management

profession and energy markets. Because of this, ERPs

are considered leaders in the industry with a strong

commitment to professional excellence.

Conrm your achievementsReal-world experience is an essential component of

attaining ERP certication. Candidates are required to

demonstrate related professional experienceso becoming

a Certied ERP means considerably more than passing

an exam.

Enhance your reputationAll ERPs are expected to adhere to principles that promote

the highest levels of ethical conduct and disclosure beyond

following the letter of applicable rules and regulations.

Employers know that ERPs will help safeguard their rms

reputations.

Join a Global NetworkERPs Come from 56 Countries:Australia Austria Belgium Brazil Bulgaria Canada China Cyprus Czech

Republic Denmark France Germany Ghana Greece Hong Kong Hungary

India Indonesia Ireland Italy Jamaica Japan Kenya South Korea Kuwait

Lebanon Luxembourg Malta Namibia Netherlands New Zealand Nigeria Norway

Pakistan Philippines Poland Portugal Qatar Romania Russian Federation

Saudi Arabia Singapore Slovakia Slovenia South Africa Spain Sweden

Switzerland Taiwan Thailand Trinidad and Tobago Turkey Ukraine United

Arab Emirates United Kingdom United States of America

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Q. How much time is needed to prepare for the ERP Exam? A. Candidates preparation times will vary based on

their prior professional experience level, academic

backgrounds, and familiarity with the concepts tested on

the curriculum. It is dicult to recommend a particular

number of hours to dedicate to studying, but candidates

should expect to commit to between 150-400 hours of

preparation time.

Q. How much work experience is required before sitting for the ERP Exam?

A. There are no educational or professional prerequisites to sit for the ERP Exam. However, there is a professional

experience requirement that must be fullled before

candidates can become certied as an Energy Risk

Professional. To review ERP certication requirements,

visit the GARP website.

Q. How quantitative is the ERP Exam?A. The ERP Exam is not meant to be a rigorous quantitative

exercise that requires memorization of highly complex

formulas. ERP candidates are, however, expected to

have an understanding of fundamental quantitative

concepts and relationships covered in the core readings.

Candidates should be prepared to solve a number

of mathematical calculations based solely on their

understanding of these fundamental concepts. While

we do not provide a list of formulas for the exam, in

some cases, particularly for more complex or obscure

calculations, information about terms or values within

an equation may be provided to the candidate in the

question.

Q. what are my career prospects after becoming a Certied Energy Risk Professional?

A. By choosing the ERP, you are selecting the only risk management designation in the world for energy

risk professionals. As global economies continue to

rebound and the world population grows, global

energy requirements will expand, creating demand for

highly trained energy risk professionals. Earning your

ERP designation not only broadens your skill set, it

demonstrates a standardized level of industry knowl-

edge, making you a recognized leader in energy risk

management.

Q. what is the dierence between the FRM and the ERP? A. Many of the techniques used to evaluate and manage

market, credit, and operational risk in traditional nan-

cial markets have been adopted and applied to energy

risk management. However, the factors that drive

price formation, volatility, and risk in physical energy

commodity markets are quite dierent from conven-

tional nancial assets like equities, xed income and

foreign exchange. In addition, forwards, futures, and

swaps have been more heavily emphasized in the ERP

curriculum given their extensive use in energy markets.

Finally, the capital investment and highly leveraged

physical facilities required in energy production, genera-

tion, distribution and storage infrastructure creates a

unique set of nancial, operational and safety challenges

not found in the nancial markets. A unique curriculum

that integrates knowledge about physical energy

markets, nancially traded products used in energy

trading and hedging activities, and risk management

applications all characterize and distinguish the ERP

from the FRM.

Frequently Asked Questions

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Q. in what languages can i take the exam?A. The only language that the exam is administered and

instructions read on exam day is American English. The

ERP Exam is not oered in any other language. The

dialect used in the examination is American English.

GARP is aware that not every ERP candidate has

American English as his or her native language. In the

exam development process, GARP strives to ensure that

questions are written in a clear, concise form and avoid

the use of colloquialisms or other terms or phrases that

may be unfamiliar to a non-native American English

speaker.

Q. do i have to be a member of GaRP to sit for the ERP Exam?

A. No. Membership is not required to sit for the ERP Exam. However, you will receive complimentary membership

privileges as an Individual Member of GARP for one year

upon paid enrollment in the ERP Program.

Q. is continuing education mandatory for Certied ERPs? A. ERPs are required to participate in the CPD program in

order to use their ERP professional designation. The CPD

program is based on 24-month cycles and participants

are required to earn 40 credits each cycle. As a general

rule, 60 minutes spent on an educational activity is equal

to one CPD credit.

Further information about the ERP Program and Exam can be found on GARPs website, garp.org/erp, or you can contact GARP

directly with any additional questions at [email protected].

Frequently Asked Questions

About GARP

The Global Association of Risk Professionals (GARP) is

the only globally recognized professional association for

nancial and energy risk certication and education. In

fullling our unique mission to elevate the practice of risk

management at all levels throughout an organization,

GARP sets the global standard through independence,

expertise, and leadership.

Founded in 1996, GARP is a nonprot, nonpartisan

membership organization. GARP does not engage in

political lobbying or donations, allowing us to be a true

advocate for our Members and the risk profession.

This independence enables us to develop, design, and

administer certication programs that reect industry

best practices. A volunteer Board of Trustees, composed

of leading risk management practitioners from some of

the most prominent global nancial rms and universi-

ties, oversees our Association.

From its inception, GARPs exclusive focus has been on

risk management. Maintaining this focus has enabled

GARP to develop unmatched expertise in risk, which we

transmit globally through our professional designations.

Through GARPs network of contacts derived from our

more than 150,000 Members, we have access to the

best risk practitioners worldwide. GARP also bridges

the gap between academic research and real-world

practice, maintaining partnerships with top universities

and business schools.

To calibrate and benchmark its understanding of the

demands of the global risk management community,

GARP also conducts formal job task analysis surveys to

determine the knowledge, skills and abilities required to

function eectively as a nancial risk manager around

the world.

GARPs global leadership status in nancial risk

management education is independently validated

by the rapid growth in the number of institutions having

ve or more registrations for the FRM Program, as well

as by the growth in GARP Membership to encompass

members in more than 195 countries and territories

worldwide.

Creating a culture of risk awareness

Global Association ofRisk Professionals

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