Short answer is no, it definitely won't work.
Longer answer is that Apple's processors are aarch64, but Check Point's firewall and management software is exclusively amd64 at this time. Apple provides a translation layer called Rosetta which allows most amd64 software to run, but it doesn't translate the privileged instructions necessary for an operating system or hypervisor to run. Thus, Parallels allows you to run other aarch64 operating systems in VMs, but you can't run amd64 operating systems in VMs.
The firewall software is heavily entangled with the OS kernel, so I don't think it would be possible to run the amd64 firewall software on an aarch64 kernel. It would be much less effort to get the management software running on aarch64, but what's the business case for the developers to spend that effort? It's not like anybody would actually buy a SmartCenter or MDS license to run in a VM on their ARM Mac.