The Financial Risk Manager (FRM) designation is an international professional certification offered by the Global Association of Risk Professionals. To be awarded the FRM designation, candidates must complete rigorous two-part, practice-oriented examination that covers the major topics in financial risk management, demonstrate two years' professional work experience in financial risk management, and meet other requirements.
The FRM is a qualification for risk management professionals, particularly those who are involved in analyzing, controlling, or assessing potential credit risk, market risk, and liquidity risk as well as non-market related financial risks. FRM holders perform a broad variety of functions related to risk management within investment banks, asset management firms, as well as in corporations and government agencies. Top employers of FRM holders include global financial services firms Deutsche Bank, HSBC, and UBS, as well as auditing firms KPMG, Ernst & Young (EY) and PricewaterhouseCoopers (PwC). The FRM designation specification is disclosed on the U.S. Financial Industry Regulatory Authority (FINRA) education website where the FRM certificate program is shown on the FINRA guide to designations.
basic knowledge of Quantitative Methods, Financial Markets and Risk management.
It is a 12 days program and extends up to 2hrs each.
The format is 40% theory, 80% Hands-on.
It is a 3 days program and extends up to 8hrs each.
The format is 40% theory, 80% Hands-on.
Private Classroom arranged on request and minimum attendies for batch is 4.
Market Risk Measurement and Management
Volatility smiles and volatility term structures
Duration, convexity, key rate and bucket exposures, and term structure models
Backtesting value at risk
Mapping financial instruments to risk factors
Expected shortfall and coherent risk measures
Parametric approaches: extreme value theory
Modeling dependence: correlations and copulas
Mortgages and mortgage-backed securities (underwriting mortgages, prepayment models, risk and valuation of mortgage-backed securities)
Credit Risk Measurement and Management
Subprime mortgages and securitization
Credit derivatives, credit default swaps, and credit-linked notes
Cash and synthetic collateralized debt obligations (pricing and risk management)
Probability of default, loss given default, and recovery rates
Credit scoring and credit spreads
Expected an unexpected loss
Contingent claim approach and the KMV model
Default and default-time correlations
Portfolio credit risk
Credit risk management models
Risk mitigation techniques
Operational and Integrated Risk Management
Risk capital and allocation of risk capital across the firm
Firm-wide risk measurement and management
Evaluating the performance of risk management systems
Regulation and the Basel II Accord (minimum capital requirements, credit concentration risk, liquidity risk, stress testing)
Implementation and model risk
Economic capital and risk aggreggation
Risk Management and Investment Management
Risk decomposition and performance attribution
Individual hedge fund strategies (return and risk considerations for fixed-income arbitrage, merger arbitrage, convertible bond arbitrage, equity long/short, equity market-neutral, macro, distressed debt, emerging markets)
Hedge fund risk management (asset illiquidity, valuation, and risk measurement)
Use of leverage and derivatives and the risks they create
Funds of hedge funds and style drifts
Portfolio risk: analytical methods
Value at risk and risk budgeting in investment management
Risk budgeting for pension funds and investment managers using value at risk
Current Issues in Financial Markets
Causes and consequences of the current crisis
Subprime mortgage design
Mortgages and securitization, supbrime CDOs Liquidity crisis
Use and limitations of value at risk
Hedge funds and systematic risk
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(1) Workday Technical Demo Training
Demo Schedule :09:30 P.M EST / 08:30 P.M CST / 6:30 P.M PST on 13th April & 07:00 A.M IST on 14th April