Financial Risk Manager 1 (FRM1)

GARP/UVA | Accelerated Training (3 days)

Description

Financial risks are of particularly great importance for day-to-day banking. The financial risk refers to the risk of a business’ cash flows not being sufficient to pay banking loans and fulfil other financial responsibilities. The level of financial risk, therefore, relates less to the business’ operations themselves and more to the amount of debt a business incurs to finance those operations. The Financial Risk Manager (FRM®) designation is the globally recognized standard for those who manage risk.

During this training you will gain knowledge of the fundamental risks for banking institutions, government regulators, investment funds, consulting firms and financial services institutions around the world in their day-to-day operations. This course prepares you for FRM Part I. This training has been developed for a target group of risk managers, business analysts, accountants, central bank auditors, internal auditors and treasury consultants.

Goal and structure

For professionals working in risk management who need to be GARP-certified, the UvA Academy for Banking and Insurance (UvA ABV) offers this exam training. UvA ABV is a collaboration between NIBE-SVV and the University of Amsterdam and is executed by TLM Academy. The training prepares you for the high level of risk management used in the banking business. The training consists of seven topics with a mock exam. During this training you will gain knowledge of the fundamental risks for banking institutions, government regulators, investment funds, consulting firms and financial services institutions around the world in their day-to-day operations. This interesting exam training is taught by highly experienced and professionally active lecturers. The lessons are practically oriented, highly accessible and provide excellent preparation for the final modular assignment. Please note that this is concerns the accelerated training of 3 days. There is also a 7-day full training. The accelerated training is the training that was formerly provided by NIBE/SVV and is now taken over by the University of Amsterdam and TLM Academy.

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Details Financial Risk Manager 1 – Accelerated Training

Dates

We recommend that you register with GARP only after you have received confirmation with the definitive start date of your training. The first step is to determine for yourself in which GARP exam window you want to take the FRM1 exam.

Training dates exam May 2023:

Module 1+2: 01-03-2023
Module 3+4: 22-03-2023
Module 5+6: 29-03-2023

Training dates exam November 2023:

Module 1+2: 06-09-2023
Module 3+4: 20-09-2023
Module 5+6: 04-10-2023

Curriculum

Module 1: Foundations of Risk Management

The Building Blocks of Risk Management
How Do Firms Manage Financial Risk
The Governance of Risk Management
Credit Risk Transfer Mechanisms
Modern Portfolio Theory and CAPM
The APT and Multifactor Models
Learning from Financial Disasters
Anatomy of the Great Financial Crisis

Module 2: Quantitative Analysis

Fundamentals of Probability
Random Variables
Common Univariate Random Variables
Multivariate Random Variables
Sample Moments
Hypothesis Testing
Linear Regression
Regression with Multiple Explanatory Variables
Regression Diagnostics
Stationary Time Series
Non-Stationary Time Series
Measuring Returns, Volatility and Correlation
Simulation and Bootstrapping

Module 3: Financial Markets and Products part 1

Banks
Insurance Companies and Pension Plans
Fund Management
Exchanges and OTC Markets
Futures Markets
Using Futures for Hedging
Foreign Exchange Markets
Pricing Financial Forwards and Futures

Module 4: Financial Markets and Products part 2

Commodity Forwards and Futures
Options Markets
Properties of Options
Trading Strategies
Exotic Options
Properties of Interest Rates
Corporate Bonds
Mortgages and Mortgage-Backed Securities
Interest Rate Futures
Swaps

Module 5: Valuation and Risk Models

Measures of Financial Risk
Calculating and Applying VAR
Measuring and Monitoring Volatility
External and Internal Credit Ratings
Measuring Credit Risk
Pricing Conventions, Discounting and Arbitrage
Bonds Yield and Return Calculations
Applying Duration, Convexity and DV01
Modelling Non-Parallel Term Structure Shifts
Binomial Trees
Black-Scholes-Merton Model
Option Sensitivity Measures: The “Greeks”

Module 6: Trial Exam 1 (classroom)

Practicing 35 exam questions out of 100 (half an exam)
Question is placed on screen. Participants discuss in groups. Then trainer provides correct answer.
This way in 4 hours half an exam can be practiced in a classroom setting
Handout with 100 worked-out exam questions

Costs

To prepare for the exam, GARP offers an online learning environment and books. You register for the GARP exam yourself at www.garp.org . You can order the study material from GARP. Please allow a delivery time of approximately 6 weeks for the books.

Book 1: Foundations of Risk Management
Book 2: Quantitative Analysis
Book 3: Financial Markets & Products
Book 4: Valuation and Risk Models

Cost overview:

6-module training: € 2.400,-
Books (paper) € 300,- (excl. shipping), or
Books (eBook) € 250,- (instant download)

Important Information

Please note the GARP conditions:

FRM1 is a GARP training. You must register yourself with GARP.
From the moment of registration you have 12 months to take the exam.
The exam is an online exam (CBT) but on location.
The exam is held at various locations in the Netherlands. You can choose.
The exam consists of 100 questions and the exam duration is 240 minutes (4 hours).
The pass score is 70 questions correct.
GARP exam window 1: between 06 and 19 May 2023.
GARP exam window 2: between 04 and 17 November 2023.

There is a minimum of 6 participants required for the training. If there are less than 6 subscriptions the training will be rescheduled to a later date.

Increase your market value and register for the training Financial Risk Manager 1 (FRM1) – accelerated (3 days).

Financial Risk Manager 1 (FRM1)

Details Financial Risk Manager 1 – Accelerated Training

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