FRM® Online Classes
- 120+ Hours of HD Video Content with explanatory notes
- FRM Coaching with Solution bank of 500 Questions
- Summarized Formula Sheet with Study planner guide
- Highly active Discussion Forum for doubt solving
- LMS built on Android, IOS and Website for smooth learning
Download Brochure
Watch Demo Video
Essential Features
Exhaustive Prep Material
No other extra preparation is required apart from the Material referred to in our course.
Core Practical Approach
We follow core practical approach while explaining each and every concept of FRM examination.
Official Prep Provider
We’re an official Exam Prep Provider (EPP) of GARP institute for both online and offline training.
Training by Risk Experts
Our trainers are FRM charterholder with years of experience in Risk modeling with top Banks.
FRM® Curriculum
Quantitative Analysis
- Understanding of Descriptive and Inferential Statistics.
- A flavor of probability, distribution like Normal distribution, lognormal distribution, Chi-square distribution etc. for statistical testing and application.
- Understanding of how to apply regression and time series analysis in risk management and forecasting ex-ante risk..
- Weightage of this section is 20%
Foundation of Risk Management
- Portfolio construction : Here, we’ll learn to construct an efficient portfolio. We’ll discuss the concept like Harry Markowitz's efficient frontier and Capital asset pricing model. This subsection gives a glimpse of risk - return trade off with different financial ratios like Sharpe Ratio, Treynor ratio and others.
- GARP code of conduct (Ethics) : Ethics is a very important ingredient of financial risk manager. GARP code of conduct helps candidates to understand the do's and don’ts in the financial world.
- Financial disasters and case study : This subsection highlights some past mishappening in the financial world, helps students to understand each case to save the financial world from future financial disasters like ENRON and LTCM. Understanding of the Ponzi scheme and incorrect approach in financial risk management is also covered.
- Arbitrage pricing theory : It is an important concept to price any financial instrument on the planet. Once understood properly this will be leveraged in pricing of derivative and bonds in other sections of FRM level 1.
Financial market and Products
- It's one of the most complex and voluminous sections. It stands at a whooping weight of 30%. As the name suggests, this section helps to understand the basics of Financial market instruments like future, forward, equity options, swaps and fixed Income.
- This section does not talk much about equity but delves in the discussion of the derivative products on equity and other instruments.
- Candidates need to understand the pricing, payoffs and features of the financial instruments properly to score well in this section.
Valuation and Risk Models
What you learn:
- This section is all about Value at risk and extreme measure of risk like Expected shortfall and unexpected loss. Candidates will develop a good understanding of stress testing, scenario analysis, which is one of the key features in calibrating regulatory risk and Enterprise level risk.
- This section is also embedded with the concept of bond and option valuation. The weightage to this section is 30%.
- This section can further be segregated into the following -
- Valuation : Discuss some of the most interesting valuation concept of options like binomial model, BSM model etc. This section gives you a glimpse of Greeks in option and bond valuation.
- Risk management: Make you familiar with the concept like VAR, Estimated Shortfall and Stress testing. This subsection is discussed in FRM level 2 in a very exhaustive manner.
Market Risk Measurement and Management
Market Risk is the most dynamic and interesting section of the entire FRM part II curriculum. Candidate must understand the VAR and ES calculation from Parametric and Non Parametric approach. Back-testing of these approaches are thoroughly discussed. As a risk manger one should understand the impact of correlation, properties and behavior of correlation in different market scenario. The four chapters discussed in this section on interest rate modeling will put you at par with industry veterans. FRTB, newly added capital requirement framework has been well explained in this section.
The key points covered in Market Risk and Management are:
- VaR and other risk measures (parametric and non-parametric methods of estimation, VaR mapping, Backtesting VaR, 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 (FRTB).
Credit Risk Measurement and Management
The most relevant discussion from the job perspective is credit risk. This section has highlighted all the possible modeling of Probability of Default (structural, reduced, factor model or credit scoring model). Counterparty risk which is the most prevalent job in the risk domain has thoroughly been discussed. Securitization and securitized product has also been discussed from the credit risk perspective.
The key points covered in readings related to Credit Risk Measurement and Management includes 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
Where firms undermine the importance of operation risk, FRM curriculum explains how to set proper risk culture and conduct in the firm. This section also discusses the implementation of ERM program, and principles for risk appetite frameworks. Candidate should also understand analytical discussion of operational risk measurement and reporting operational losses. Capital planning and recommended practices for stress testing are well explained in the latter half of the section.
The key points covered in Operational Risk and Resiliency includes 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 Risk and Treasury Risk
This section is a new entry in the curriculum after understanding the importance of liquidity. A lesson well learnt form 2007-08 financial crisis and recessionary period. Discussion is primarily on the transaction liquidity risk, funding liquidity risk, liquidity stress testing, reporting, deposits, repos and ALM.
The key highlight of Liquidity Risk and Treasury Risk includes the following:
What you learn:
- 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
Now a day where factor investing is the norms across the Investment domain, a risk manger should understand the factors as the drivers of risk. This section make you well versed with single factor and multifactor model used to determine risk premium and alpha, and how one can construct optimum portfolio with different investment constraints and compare it against the benchmark.
The key points covered in Risk Management and Investment Management includes the following:
What you learn:
- 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
Discuss the most pressing and relevant issues in the Risk domain. Include readings and research paper of practitioner and scholars. Highlight the challenges faced by Financial institution due transition of LIBOR and climate risk. Explains the importance of Machine learning and Big data for Risk Mangers. The sections also contain the most discussed issues of Covid19 from the perspective of financial risk management.
The key highlight of Current Issues in Financial Markets includes the following:
What you learn:
- Reference rates
- Artificial intelligence (AI)
- Machine learning, and “big data”
- Risk management implications of COVID-19 Phasing out of LIBOR
- Climate risk
- Cyber resiliency in the wider financial system
FRM® Coaching Trainers
Our FRM training is conducted by industry experts who have themselves worked with major Banks.
Saurabh Sinha CFA, FRM
10 Years of experience
Ex - HSBC, CITI, PWC
FRM & CFA Charterholder
FRM® Course
Fees and Admissions
The program is meant for all candidates seeking to appear for FRM Part 1 or Part 2 exams conducted by GARP in the current or next year.
Duration & Fees
Video Validity till your Exam Attempt
120+ hours of Digital Content for each Part
Accessible anytime
Who can take up this course?
Undergraduates - BA, B.com, Btech, BBA, BMS etc.
Post Graduates - MBA, M.Com, M. Tech, M. Sc. Etc.
Professionals - CA, CFA, CMA, LLB, CIMA, Bank PO etc.
Got a Question?
We're here to help. Check out our FAQs, send us an email or call us at +91-9953729651