FRM level 1 2023 Updates

Course Objectives :

The Financial Risk Manager (FRM) Level 1 course is designed to achieve several objectives, including:

• Developing a comprehensive understanding of financial risk management: The course is designed to provide candidates with a deep understanding of the concepts and techniques used in financial risk management.
• Building a strong foundation in quantitative analysis: The course provides a thorough understanding of statistical concepts and methods used in risk management.
• Exploring the different types of financial markets and products: Candidates will gain an understanding of the different types of financial instruments and markets that exist, including stocks, bonds, derivatives, and foreign exchange.
• Developing skills in valuation and risk models: Candidates will learn about the principles of risk models valuation and the various techniques used to measure and manage risk.
• Learning to measure and manage market risk: Candidates will learn about the techniques used to measure and manage market risk, including value-at-risk (VaR), expected shortfall (CVaR) and stress testing.
• Understanding credit risk measurement and management: The course covers the techniques used to measure and manage credit risk, including expected and unexpected loss, economic capital, and credit ratings.
• Overall, the objectives of the FRM Level 1 course are to equip candidates with the skills and knowledge needed to understand and manage financial risks effectively, and to provide them with a solid foundation for further study and professional development in the field of financial risk management.

Course Description:

• The Financial Risk Manager (FRM) Level 1 course is a comprehensive training program designed to provide candidates with a deep understanding of the concepts and techniques used in risk management.
• The Foundations of risk management section of the course covers the fundamental concepts of risk management, including risk identification, measurement, and mitigation. Candidates will learn about the various types of risks that companies face, including market, credit, operational, and liquidity risks, and how to develop and implement risk management strategies to manage these risks effectively.
• The quantitative analysis section of the course provides candidates with a thorough understanding of statistical concepts and methods used in risk management. Topics covered in this section include probability theory, statistical distributions, regression analysis, time series analysis, and simulation methods.
• The financial markets and products section of the course focuses on the different types of financial instruments and markets that exist, including stocks, bonds, derivatives, and foreign exchange. Candidates will learn about the mechanics of financial markets, the role of market makers, and the various types of financial products available to investors.
• The valuation and risk models’ section of the course covers the principles of asset valuation and the various techniques used to measure and manage risk. Candidates will learn about the concepts of expected return, risk premium, yield curves, volatility and risk factors like duration, convexity, option Greeks and as well as the different valuation models used in finance, such as binomial trees model and option pricing models. The market risk measurement and management section of the course covers the techniques used to measure and manage market risk, including value-at-risk (VaR), expected shortfall (CVaR) and stress testing. The operational risk covers different approaches to operational risk measurement and lost distribution.
• Overall, the FRM Level 1 course provides candidates with a comprehensive understanding of the concepts and techniques used in financial risk management, as well as the skills and knowledge needed to pass the FRM Level 1 exam. Candidates who successfully complete the course and pass the exam will be awarded the FRM Level 1 certification, which is widely recognized as a valuable credential in the financial industry.

Pre-Requisites:

None, this course covers the basics

Target Customers:

• FRM exam aspirants
• Risk managers in financial institutions
• Finance students

What will you learn from this course:

• Developing a comprehensive understanding of financial risk management
• Building a strong foundation in quantitative analysis
• Exploring the different types of financial markets and products
• Developing skills in valuation and risk models