Financial Risk Manager (FRM)

61 Hours / 12 Months / Mentor Supported

Course Overview:

The eFRM Coach Complete is a comprehensive online study guide for the FRM exams conducted by GARP.

The underlying tutorials of eFRM Coach Complete have been designed based on the FRM exam structure and the latest learning outcome statements. They possess every formula, definition, concept and application for all subjects covered in the exam. While the interactive study modules foster benchmarking and self-assessment against other candidates, the mock exams are modeled on the same lines as the final exam.

  • Foundations of Risk Management
  • Quantitative Analysis
  • Financial Markets and Products
  • Valuation and Risk Models
  • Market Risk Measurement and Management
  • Credit Risk Measurement and Management
  • Operational and Integrated Risk Management
  • Risk Management and Investment Management

Course Outline:

  • Overview of Risk Management
  • Classification of Risks
  • Capital Allocation
  • CAPM and Multifactor Models
  • Case Study - Metallgesellschaft
  • Case Study - Sumitomo
  • Case Study - LTCM
  • Case Study - Barings Bank
  • Time Value of Money
  • Descriptive Statistics
  • Probability Distribution
  • Fundamentals of Statistics I
  • Fundamentals of Statistics II
  • Forecasting correlation and Volatility
  • Extreme Value Theory-Basic Principles
  • Monte Carlo Methods
  • Derivative Markets and Instruments
  • The Futures Market
  • Fixed Income Derivatives
  • Valuing Futures and Forwards
  • Swaps
  • Options
  • Bond Markets
  • Corporate Bonds
  • Currency Risk and Currency Markets
  • Commodity Risk and Commodity Markets
  • Value-at-Risk
  • VaR Methods
  • Yield Measures
  • Yield Curve Analysis
  • Bond Pricing
  • Bond Price Volatility
  • Principles of Options Pricing
  • Stress Testing
  • Overview of Credit Risk
  • Rating Agencies and Their Grades
  • Transition Matrix and Correlated Migration
  • Volatility Smile and Volatility Term Structure
  • Exotic Options
  • Duration and Convexity of Fixed Income Securities
  • Key Rate and Bucket Exposures
  • The Science of Term Structure Models
  • Mortgage-Backed Securities
  • Pre-payment Models
  • Mortgage-Backed Securities - Structures
  • Backtesting VaR
  • VaR Mapping
  • Extreme Value Theory
  • An Overview of Mortgages and the Mortgage Market
  • Valuation of Mortgage-Backed Securities
  • Counterparty Risks
  • Credit Risk Transfer
  • Credit Derivatives
  • The Structuring Process
  • Securitization
  • Collateralized Debt Obligations
  • Overview of Credit Risk
  • Default Risk
  • Loss Given Default
  • Approaches to Measuring Credit Risk
  • Actuarial Approach and CreditRisk
  • Contingent Claim Approach and the KMV Model
  • Credit Migration, Transition Matrices and Credit Metrics
  • McKinsey Credit Portfolio View
  • Credit Risk Mitigation - Netting
  • Credit Risk Mitigation - Margin and Collateral Requirements
  • Risk Capital
  • Estimating Liquidity Risk
  • Model Risk
  • Aligning Basel II Operational Risk and Sarbanes-Oxley 404
  • Risk and Capital Adequacy
  • Enterprise Risk Management
  • Loss Distribution Approach
  • Principles for Sound Liquidity Risk Management and Supervision
  • Basel II-An Overview
  • Basel II-Risks and Measurement
  • Basel's Supervisory Guidance for Fair Value Practices
  • Guidelines for Computing Incremental Risk Charge
  • Basel II - Market Risk Amendment
  • Risk Budgeting and Setting Risk Limits
  • Hedge Fund Risk Management - I
  • Hedge Fund Risk Management - II
  • Pension Fund Risk Management
  • eFRM Level I Exam
  • eFRM Level II Exam

System Requirements:

Internet Connectivity Requirements:
  • Cable and DSL internet connections are recommended.
Hardware Requirements:
  • Minimum Pentium 400 Mhz CPU or G3 Macintosh. 1 GHz or greater CPU recommended.
  • 256MB RAM minimum. 1 GB RAM recommended.
  • 800x600 video resolution minimum. 1025x768 recommended.
  • Speakers/Headphones to listen to Dialogue steaming audio sessions.
  • A microphone to speak in Dialogue streaming audio sessions.
Operating System Requirements:
  • Windows Vista, 7, 8, 8.1, 9, 10
  • Mac OSX 10 or higher.
  • OpenSUSE Linux 9.2 or higher.
Web Browser Requirements:
  • Google Chrome is recommended.
  • Firefox 13.x or greater.
  • Internet Explorer 6.x or greater.
  • Safari 3.2.2 or greater.
Software Requirements:
  • Adobe Flash Player 6 or greater.
  • Oracle Java 7 or greater.
  • Adobe Reader 7 or greater.
Web Browser Settings:
  • Accept Cookies
  • Disable Pop-up Blocker.


** Outlines are subject to change, as courses and materials are updated. Software is not included with the purchase of the course, unless otherwise specified. Students are responsible for the purchase and installation of the necessary course software. **