Financial Risk Manager (FRM) Course Overview from Knowledge Varsity

For More Information : Call +91-94487-06666 or email to [email protected]

Agenda

01 GARP : Overview

02 The FRM Programme

03 Course Structure

04 Benefits of FRM Certification

05 Work Profiles

06 Fee Structure & Deadlines for 2011

07 Enrollments

08 Pass Rates

09 CFA Vs FRM

10 Knowledge Varsity Offering

11 What it takes to pass the exam

12 Contact Information1© Copyright 2010 Knowledge Varsity | www.knowledgevarsity.com | Page No.


GARP : Overview

• Global, Non-profit organization, membership of over 100,000 individuals• Only worldwide organization offering comprehensive risk management

certification• Provide professional designation program - The Financial Risk Manager (FRM®) • Provide certifications

• Energy Risk Management• Islamic Finance Risk Management• International Certification in Banking and Regulation

• Programs are developed & maintained by industry-leading risk practitioners & academics

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2© Copyright 2010 Knowledge Varsity | www.knowledgevarsity.com | Page No.


FRM Programme

• FRM Designation consists of :• 2 Exams also called 2 parts• Sequential program: Candidates have to pass Part 1 before Part 2• Self study driven, based on core reading material provided by GARP

• Part 1 : Foundation • Focus is on the knowledge of risk management techniques, understanding of the

financial products & their valuation• Part 2 : Risk Measurement and Management

• Focus is on application of the basics in measuring the risks and management

• Exam Type• Both parts are 100% multiple choice• No Negative marking• Each part has exams of 4 Hours• Part 1 has 100 questions and Part 2 has 80 questions

• Eligibility• Graduate from any discipline• Final Year students may also register to give the Part I exams• No Work Experience requirements for appearing for the exams• Minimum of 24 months relevant experience to receive FRM designation• A 5 year window after passing the exam to gain the work experience

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Course Structure03

4

Part I Topic Areas Weightage

Foundations of Risk Management 20%

Quantitative Analysis 20%

Financial Markets & Products 30%

Valuation and Risk Models 30%

Source: GARP

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Part II Topic Areas Weightage

Market Risk Measurement & Management 25%

Credit Risk Measurement & Management 25%

Operational & Integrated Risk Management 25%

Risk Management and Investment Management 15%

Current Issues in Financial Markets 10%


Benefits of FRM Certification04


• Recognition across the globe as a leader in financial risk management• Demand for FRM holders for risk management jobs is increasing • Differentiation from peers• Gain a holistic view of risk management in today's dynamic market

environment• Join an elite group of 24,000+ FRMs• Expands your personal and professional opportunities within the world of

finance• Network with leading financial risk management professionals


Work Profiles05


• The work performed by FRMs can be extremely challenging and rewarding in

monetary terms and in terms of professional satisfaction.

• The areas where a FRM can use his skills are: • Academic Institutions• Asset Management Firm• Brokerage Firm• Securities Firm• Commercial and Retail Banks• Consulting Firms• Energy Trading Firms• Exchanges• Insurance Firm• Investment Boutique• Investment/Merchant Bank• Auditing and Law Firms• Regulatory Bodies and Govt Organizations• Software Vendor• Technology


Fee Structure & Deadlines for 201106

7

Payment deadlines Registration

(new candidates only)

+ Exam Fees = Total cost

31 Jan 2011: $300 + $350 = $650

28 Feb 2011: $300 + $475 = $775

15 Apr 2011: $300 + $650 = $950

May 2011 Exam - Part I

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Source: GARP


Enrollments07


Source: GARP


Pass Rates08


Source: GARP


CFA Vs FRM09


• Work profile• CFA is wide based however focus is on valuation and portfolio management

and is compared to MBA in finance. FRM has risk management focus and is much narrower in scope, however learning is applicable to various profiles.

• Curriculum • CFA curriculum is more mature and has focused content where as FRM

course material is a collection of various chapters by different authors• Industry Recognition

• CFA is the only kind of course and is more recognized in the job market as compared to FRM. PRM is another risk certification in the industry. GARP is trying to create awareness about the certification among the employers.

• Time to Pass • CFA requires long term commitment of 3 years whereas FRM can be

completed in only 1 year.

• Difficulty Level • FRM has more quantitative aspect and many may find it to be difficult as

compared to CFA, but since it does not have accounting aspects it may be easier for some. Time dedication for FRM Part 1 can be slightly lesser than that of CFA Level 1.


Knowledge Varsity Offering10


• Comprehensive coaching • Covers entire syllabus for Part1 exam

• Flexible Learning• Contact classes on weekends• In each class key concepts and problems will be discussed• Assignment after each class• Candidates are expected to complete the assignment before the next class• Doubt Clarifications – Online and Offline

• High Quality Content• Handouts and notes which focus on key points • Homework assignments (in total more than 700 problems)• Topic wise mock tests with feedback for improvement• Full length offline tests – Detailed analysis & comparison • Review Notes – Condensed notes for review

• Fee Refund Guarantee • Get fee refund if you do not pass. You need to attend at least 85% of the

classes and submit all the assignments and tests on time.


What it takes to pass the exam11


• Hard Work• All of us are employed, but to grow in our career we need to put in the hours • 10 – 12 hours of work per week is the minimum requirement• We recommend around 250-300 hours of preparation

• Planning• Identification of strength and weak area topics by weight• Master the area that carry higher weight and excel in easy topics

• Review the concepts covered in class• Focus on what the instructor is stressing, read the concepts• Get your doubts covered in class – no doubt is silly• Work in a team to understand the difficult and tricky area

• Solve exam questions• Fully understand the concepts and their application to problem solving• Without solving questions, it is very difficult to pass FRM

• Practice makes man perfect!• Complete homework assignments• Complete the mock tests which are conducted• Take the 2 offline tests • Take GARP sample exam


Contact Us!12


Should you require more information on

FRM Program

or

Our Coaching Classes

Reach us at +91-94487-06666

Or

Mail to [email protected]

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Financial Risk Manager (FRM) Course Overview from Knowledge Varsity

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