FRM TRAINING | Event in undefined | Townscript
FRM TRAINING | Event in undefined | Townscript

FRM TRAINING

May 31 '21 | 11:00 AM (IST)
Online Event

Event Information

About FRM

Recognized in every major market, the 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)

The broad areas of knowledge covered in readings related to Foundations of Risk Management include the following:

1. Basic risk types, measurement and management tools

2. Creating value with risk management

3. The role of risk management in corporate governance

4. Enterprise Risk Management (ERM)

5. Financial disasters and risk management failures

6. The Capital Asset Pricing Model (CAPM)

7. Risk-adjusted performance measurement

8. Multifactor models

9. Data aggregation and risk reporting

10. Ethics and the GARP Code of Conduct

Quantitative Analysis – Part I Exam Weight 20% (QA)

The broad areas of knowledge covered in readings related to Quantitative Analysis include the following:

1. Discrete and continuous probability distributions

2. Estimating the parameters of distributions

3. Population and sample statistics

4. Bayesian analysis

5. Statistical inference and hypothesis testing

6. Estimating correlation and volatility using EWMA and GARCH models

7. Volatility term structures

8. Correlations and copulas

9. Linear regression with single and multiple regressors

10. Time series analysis and forecasting

11. Simulation methods

Financial Markets and Products – Part I Exam Weight 30% (FMP)

The broad areas of knowledge covered in readings related to Financial Markets and Products include the following:

1. Structure and functions of financial institutions

2. Structure and mechanics of OTC and exchange markets

3. Structure, mechanics, and valuation of forwards, futures, swaps, and options

4. Hedging with derivatives

5. Interest rates and measures of interest rate sensitivity

6. Foreign exchange risk

7. Corporate bonds

8. Mortgage-backed securities

Valuation and Risk Models – Part I Exam Weight 30% (VRM)

The broad areas of knowledge covered in readings related to Valuation and Risk Models include the following:

1. Value-at-Risk (VaR)

2. Expected shortfall (ES)

3. Stress testing and scenario analysis

4. Option valuation

5. Fixed income valuation

6. Hedging

7. Country and sovereign risk models and management

8. External and internal credit ratings

9. Expected and unexpected losses

10. Operational risk

Syllabus - Part II

Market Risk Measurement and Management – Part II Exam Weight 25% (MR)

The broad areas of knowledge covered in readings related to Market Risk Measurement and Management include the following:

1. VaR and other risk measures

2. Parametric and non-parametric methods of estimation

3. VaR mapping

4. Backtesting VaR

5. Expected shortfall (ES) and other coherent risk measures

6. Modeling dependence: correlations and copulas

7. Term structure models of interest rates

8. Volatility: smiles and term structures

Credit Risk Measurement and Management – Part II Exam Weight 25% (CR)

The broad areas of knowledge covered in readings related to Credit Risk Management include the following:

1. Credit analysis

2. Default risk: Quantitative methodologies

3. Expected and unexpected loss

4. Backtesting VaR

5. Credit VaR

6. Counterparty risk

7. Credit derivatives

8. Structured finance and securitization

Operational and Integrated Risk Management – Part II Exam Weight 25% (OR)

The broad areas of knowledge covered in readings related to Operational and Integrated Risk Management include the following:

1. Principles for sound operational risk management

2. Enterprise Risk Management (ERM) and enterprise-wide risk governance

3. IT infrastructure and data quality

4. Internal and external operational loss data

5. Methods of determining operational risk capital for regulatory purposes

6. Model risk and model validation

7. Extreme value theory (EVT)

8. Risk-adjusted return on capital (RAROC)

9. Economic capital frameworks and capital planning

10. Liquidity risk measurement and management

11. Failure mechanics of dealer banks

12. Stress testing banks

13. Third-party outsourcing risk

14. Risks related to money laundering and financing of terrorism

15. Regulation and the Basel Accords

Risk Management and Investment Management – Part II Exam Weight 15% (IM)

The broad areas of knowledge covered in readings related to Risk Management and Investment Management include the following:

1. Factor theory

2. Portfolio construction

3. Portfolio risk measures

4. Risk budgeting

5. Risk monitoring and performance measurement

6. Portfolio-based performance analysis

7. Hedge funds

Current Issues in Financial Markets – Part II Exam Weight 10%

The broad areas of knowledge covered in readings related to Current Issues in Financial Markets include the following:

1. Credit loss provisioning, IFRS 9/CECL

2. Machine learning and “big data”

3. Central clearing and risk transformation

4. The failure of covered interest rate parity

5. FinTech credit

6. Corporate culture

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