Financial Risk Manager 1 – FRM1

GARP/UVA | Full Training (7 days)

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.

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Details training Financial Risk Manager 1 – FRM1

Dates

Dates of Upcoming Training Courses:

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. The May exams are from May 6-19, 2023 and the November exams from November 4-17, 2023.

Training dates 2023:

Curriculum

Module 1: The Building Blocks of Risk Management

Introduction, What is Risk?, Financial Disasters
Governance, Three Lines of Defense, Legislation
Risk Management Proces, Risk Appetite
Credit Transfers, Securitization, CDO’s
Case / Discussion / Exam Questions

Module 2: How Do Firms Manage Financial Risk

CAPM
Ratio’s and Measures
Financial Crises
Wrap up, questions and evaluation

Module 3: Fundamentals of Probability part 1

Fundamentals of probability
Variables and distributions
Moments of the distribution and covariance
Normal distributions
Case / Discussion / Exam Questions

Module 4: Fundamentals of Probability part 2

Distribution quantiles and intervals
Hypothesis testing
Sample parameters
Case / Discussion / Exam Questions

Module 5: Regression

Linear Regressions
Multivariable regressions
Time Series, Autoregression, Moving Averages
Case / Discussion / Exam Questions

Module 6: Financial Markets part 1

Banks, Insurers and Funds
Markets, Exchanges and Clearing
Futures and Forwards and hedging
Commodity Futures
Case / Discussion / Exam Questions

Module 7: Financial Markets part 2

Options, Put-Call-Parity, Synthetics
Trading Strategies
Case / Discussion / Exam Questions

Module 8: Financial Markets part 3

Foreign Exchange
Interest Rates
Bonds and swaps
Case / Discussion / Exam Questions

Module 9: Financial Markets part 4

Value at Risk, Expected shortfall
Credit Risk, Ratings
Operational Risks
Pricing Conventions and Arbitrage
Case / Discussion / Exam Question

Module 10: Risk Management

Interest rates continued
Bond Yield and Return
Duration and Convexity
Case / Discussion / Exam Questions

Module 11: Greeks

Binomial Trees
Greeks: Delta
Greeks: Gamma, Vega, Theta and Rho
Case / Discussion / Exam Questions

Module 12: Full Recap of All Modules + Q&A

Recap of modules 1-11
Questions session

Module 13: Trial Exam 1 (classroom)

Practicing 35 exam questions (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

Module 14: Trial Exam 2 (individual)

In this session the participants take a real exam, full 70 questions in 4 hours
Results + answers will be sent to the participants after the module

Costs

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:

14-module training: € 4.200,-
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 full training Financial Risk Manager 1 – FRM1

Financial Risk Manager 1 – FRM1

GARP/UVA | Full Training (7 days)

Details training Financial Risk Manager 1 – FRM1

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