A quick understanding and review of all important concepts of Foundations of Risk Management (FRM) for FRM part 1 exam.
What you'll learn
Understand what are included in the FRM section of FRM Part 1
Have a condensed summary of key concepts
Act as a chance for candidates to find out any knowledge missing
Reinforce the concepts by using examples
Requirements
No requirement
Description
In this course, we have condensed the content from the Foundations of Risk Management (FRM) book of FRM Part 1 exam. It is our target to let those candidates who have not started studying can pick up all necessary concepts needed for the exam within a short time frame (and a reasonable price), with the subsequent aid of exam bank. Candidates who have a brief understanding are also welcomed to check if there is anything missing from your previous study.Note that we currently do not have intention to provide videos for explaining the concepts since we believe practices are more efficient in reinforcing your knowledge. Having said that, if there are large demands on videos for certain topics, we would like to create. The course includes the following topics for FRM section of FRM Part 1 exam (2022):1. The Building Blocks of Risk Management2. How Do Firms Manage Financial Risk?3. The Governance of Risk Management4. Credit Risk Transfer Mechanisms5. Modern Portfolio Theory and Capital Asset Pricing Model6. The Arbitrage Pricing Theory and Multifactor Models of Risk and Return7. Principles for Effective Data Aggregation and Risk Reporting8. Enterprise Risk Management and Future Trends9. Learning from Financial Disasters10. Anatomy of the Great Financial Crisis of 2007-200911. GARP Code of Conduct
Overview
Section 1: Introduction
Lecture 1 Introduction
Section 2:[FRM-1] The Building Blocks of Risk Management
Lecture 2 Risk, Risk Management & Risk Taking
Lecture 3 Tools to Measure and Manage Risk
Lecture 4 Expected Loss & Unexpected Loss
Lecture 5 Relationship between Risk and Reward
Lecture 6 Key Classes of Risks
Lecture 7 Challenges in Risk Aggregation
Section 3:[FRM-2] How Do Firms Manage Financial Risk?
Lecture 8 Strategies to Manage Risks
Lecture 9 Risk Appetite
Lecture 10 Hedging Risks
Lecture 11 Methods to Hedge Risks
Lecture 12 Risk Management Tools and Instruments
Section 4:[FRM-3] The Governance of Risk Management
Lecture 13 Corporate Risk Governance after GFC
Lecture 14 Best Practices for Governance
Lecture 15 Risk Management Role
Lecture 16 Risk Appetite & Business Strategy
Lecture 17 Interdependence of Functional Units
Lecture 18 Audit Committee
Section 5:[FRM-4] Credit Risk Transfer Mechanisms
Lecture 19 Credit Derivatives
Lecture 20 Traditional Approaches to Mitigate Credit Risk
Lecture 21 Role of Credit Derivatives in GFC
Lecture 22 Securitization, SPV, and OTD Model
Section 6:[FRM-5] Modern Portfolio Theory and Capital Asset Pricing Model
Lecture 23 MPT, Efficient Frontier, and CML
Lecture 24 CAPM, Beta, and SML
Lecture 25 Estimate and Interpret Beta
Lecture 26 Sharpe/Treynor/Information/Sortino Ratio & Jensen's Alpha
Section 7:[FRM-6] The Arbitrage Pricing Theory and Multifactor Models of Risk and Return
Lecture 27 Arbitrage Pricing Theory (APT)
Lecture 28 Factor Betas and Multifactor Model
Lecture 29 Hedging using Multifactor Model
Section 8:[FRM-7] Principles for Effective Data Aggregation and Risk Reporting
Lecture 30 Benefits of Effective RDARR
Lecture 31 Challenges to Having Strong RDARR
Lecture 32 Key Principles of Risk Data Aggregation
Lecture 33 Characteristics of Data/IT Architecture & Risk Reporting Practices
Section 9:[FRM-8] Enterprise Risk Management and Future Trends
Lecture 34 ERM vs Silo-based Risk Management
Lecture 35 Best Practices of ERM
Lecture 36 Risk Culture, its Measurements and Challenges
Lecture 37 Role of Scenario Analysis in ERM
Lecture 38 Use of Scenario Analysis in Stress Testing and Capital Planning
Section 10:[FRM-9] Learning From Financial Disasters
Lecture 39 Interest Rate Risk (S&L Crisis)
Lecture 40 Funding Liquidity Risk (Lehman, Continental, Northern)
Lecture 41 Implementing Hedging Strategy (MGRM)
Lecture 42 Model Risk (Niederhoffer, LTCM, London Whale)
Lecture 43 Rogue Trading & Misleading Reporting (Barings)
Lecture 44 Financial Engineering & Complex Derivatives (BT, Orange County, Sachsen)
Lecture 45 Reputational Risk (Volkswagen)
Lecture 46 Corporate Governance (Enron)
Lecture 47 Cyber Risk (SWIFT)
Section 11:[FRM-10] Anatomy of the Great Financial Crisis of 2007-2009
Lecture 48 Overview of GFC during 2007-2009
Lecture 49 Roles of Subprime Mortgage & CDO
Lecture 50 Roles of Financial Institutions
Lecture 51 Short-term Wholesale Funding Markets
Lecture 52 Responses of Central Banks
Section 12:[FRM-11] GARP Code of Conduct
Lecture 53 Principles & Professional Standards
Lecture 54 Rules of Conduct
Lecture 55 Consequences of Violation
Section 13:[Optional] Learning Objectives of FRM Part 1
Lecture 56[Optional] Foundations of Risk Management (20%) (Slide)
Lecture 57[Optional] Quantitative Analysis (20%) (Slide)
Lecture 58[Optional] Financial Markets and Products (30%) (slide)
Lecture 59[Optional] Valuations and Risk Models (30%) (Slide)
Section 14: Bonus Section
Lecture 60 Bonus Lecture
Candidates who want to understand or review the section Foundations of Risk Management (FRM) of FRM Part 1
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