FRM ® TRAINING 2022 | Event in NA | Townscript
FRM ® TRAINING 2022 | Event in NA | Townscript

FRM ® TRAINING 2022

May 22 '22 | 02:00 PM (IST)
Online Event

Event Information

About FRM
Recognized in every major market, FRM is the leading certification for risk managers. It is consistently in demand by nearly every major bank and firm in the world, and is awarded only to professionals who demonstrate the knowledge and ability to anticipate, respond, and adapt to critical risk issues.
Gain a competitive advantage
There’s never been a more crucial time to stand out. As the financial industry becomes increasingly competitive, the professionals who succeed are those who distinguish themselves and their ability to add value to an organization. Earning the FRM proves that your knowledge and skills are up to the latest international standards, and connects you to an elite network of expert risk professionals employed by the world’s leading institutions.
Anyone can register to take the exam. FRM certification is awarded after a candidate has passed two rigorous multiple choice exams (FRM Exam Part I and Part II) and demonstrated two years of relevant work experience. Candidates must take the FRM Exam Part I before taking Part II. Certified FRMs are strongly encouraged to earn 40 hours of Continuing Professional Development (CPD) every two years to maintain the latest best practices in risk management

Syllabus - Part I
Foundations of Risk Management – Part I Exam Weight 20% (FRM)
This area focuses on foundational concepts of risk management and how risk management can add value to an organization. The broad knowledge points covered in Foundations of Risk Management include the following:
Basic risk types, measurement and management tools
Creating value with risk management
The role of risk management in corporate governance
Enterprise Risk Management (ERM)
Financial disasters and risk management failures
The Capital Asset Pricing Model (CAPM)
Risk-adjusted performance measurement
Multifactor models
Data aggregation and risk reporting
Ethics and the GARP Code of Conduct
Quantitative Analysis – Part I Exam Weight 20% (QA)
This area tests a candidate’s knowledge of basic probability and statistics, regression and time series analysis and various quantitative techniques useful in risk management. The broad knowledge points covered in Quantitative Analysis include the following:
Discrete and continuous probability distributions
Estimating the parameters of distributions
Population and sample statistics
Bayesian analysis
Statistical inference and hypothesis testing
Measures of correlation
Linear regression with single and multiple regressors
Time series analysis and forecasting
Simulation methods
Financial Markets and Products – Part I Exam Weight 30% (FMP)
This area tests your knowledge of financial products and the markets in which they trade, more specifically, the following knowledge areas:
Structure and functions of financial institutions
Structure and mechanics of OTC and exchange markets
Structure, mechanics, and valuation of forwards, futures, swaps, and options
Hedging with derivatives
Interest rates and measures of interest rate sensitivity
Foreign exchange risk
Corporate bonds
Mortgage-backed securities
Valuation and Risk Models – Part I Exam Weight 30% (VRM)
This area will test a candidate’s knowledge of valuation techniques and risk models. The broad knowledge points covered in Valuation and Risk Models include the following:
Value-at-Risk (VaR)
Expected shortfall (ES)
Estimating volatility and correlation
Economic and regulatory capital
Stress testing and scenario analysis
Option valuation
Fixed income valuation
Hedging
Country and sovereign risk models and management
External and internal credit ratings
Expected and unexpected losses
Operational risk
Syllabus - Part II
Market Risk Measurement and Management – Part II Exam Weight 20% (MR)
This area focuses on market risk measurement and management techniques. The broad knowledge points covered in Market Risk Measurement and Management include the following:
VaR and other risk measures
Parametric and non-parametric methods of estimation
VaR mapping
Backtesting VaR
Expected shortfall (ES) and other coherent risk measures
Extreme Value Theory (EVT)
Modeling dependence: correlations and copulas
Term structure models of interest rates
Volatility: smiles and term structures
Fundamental Review of the Trading Book
Credit Risk Measurement and Management – Part II Exam Weight 20% (CR)
This area focuses on a candidate’s understanding of credit risk management, with some focus given to structured finance and credit products such as collateralized debt obligations and credit derivatives. The broad areas of knowledge covered in readings related to Credit Risk Measurement and Management include the following:
Credit analysis
Default risk: quantitative methodologies
Expected and unexpected loss
Credit VaR
Counterparty risk
Credit derivatives
Structured finance and securitization
Operational Risk and Resiliency – Part II Exam Weight 20% (ORR)
This area focuses on methods to measure and manage operational risk as well as methods to manage risk across an organization, including risk governance, stress testing and regulatory compliance. The broad knowledge points covered in Operational Risk and Resiliency include the following:
Principles for sound operational risk management
Risk appetite frameworks and enterprise risk management (ERM)
Risk culture and conduct
Analyzing and reporting operational loss data
Model risk and model validation
Risk-adjusted return on capital (RAROC)
Economic capital frameworks and capital planning
Stress testing banks
Third-party outsourcing risk
Risks related to money laundering and financing of terrorism
Regulation and the Basel Accords
Cyber risk and cyber resilience
Operational resilience
Liquidity and Treasury Risk Measurement and Management – Part II Exam Weight 15% (LTR)
This area focuses on methods to measure and manage liquidity and treasury risk. The broad knowledge points covered in the Liquidity and Treasury Risk Management section include the following:
Liquidity risk principles and metrics
Liquidity portfolio management
Cash-flow modeling, liquidity stress testing and reporting
Contingency funding plan
Funding models
Funds transfer pricing
Cross-currency funding
Balance sheet management
Asset liquidity
Risk Management and Investment Management – Part II Exam Weight 15% (IM)
This area focuses on risk management techniques applied to the investment management process. The broad knowledge points covered in Risk Management and Investment Management include the following:
Factor theory
Portfolio construction
Portfolio risk measures
Risk budgeting
Risk monitoring and performance measurement
Portfolio-based performance analysis
Hedge funds
Current Issues in Financial Markets – Part II Exam Weight 10% (CI)
This area focuses on current issues that have a strong impact on financial markets. The broad knowledge points covered in Current Issues in Financial Markets include the following:
Blockchain
Fintech revolution
Artificial intelligence (AI), machine learning and “big data”
Climate change and financial risk
Reference rates

Venue

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