FRM Part I (2020)


Approved Exam Preparation Provider for Financial Risk Manager (FRM) 2020 Certification Course.
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Learners
GARP logo
Financial Risk Manager (FRM) is the world's most highly valued accreditation for financial professionals who manage risk. FRM program is managed by Global Association of Risk Professionals (GARP, USA). FRM is also accountable to evaluate and take appropriate action to control risks that involves Inflation, Foreign exchange, Liquidity etc.
Course Faculty
Mr. Amit Parakh
CFA FRM CA CS and MBA from IIM Ahmedabad. An expert Finance trainer. more>>
Basic Course Offerings
98 Lecture Topics
44+ Hours of Video Lectures
Course Specials
71+ Practise Tests With Solutions
Interactive Discussion Forum
WhatsApp group for Brainstorming
1+ Course Files
Question Bank
( Can be downloaded as pdf )
Mock Exams
Learning Tracker
Courseware
( Can be downloaded as pdf )
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  • 180 days access to basic course offerings covering HD video lectures
  • Course specific discussion forum for anytime doubt resolution
  • WhatsApp group for Brainstorming
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  • Multi course selection available.
Course Overview

GARP logoApproved Exam Preparation Provider for Financial Risk Manager (FRM) 2020 Certification Course.


This Online Training Course on Financial Risk Manager or FRM® Certification covers the syllabus prescribed by GARP for 2020 exams and is delivered by FinShastra, founded by Amit Parakh, a CA, FRM, CS and CFA holder and a renowned trainer for FRM and related Finance Courses.

Overview of FRM Certification

Financial Risk Manager (FRM®) – is the world's most highly valued accreditation for financial professionals who manage risk. FRM program is managed by Global Association of Risk Professionals (GARP, USA)

The FRM is a globally recognized yardstick certification program for financial risk managers and is the de-facto global qualification in the practice of Financial Risk Management.

Ideally, FRM certification is for banking and finance specialists who are involved in analysing, controlling, or assessing potential credit, market, operational risks and anticipating various risks that the organization may be susceptible to in the process of growing and creating value. FRM is also accountable to evaluate and take appropriate action to control risks that involves Inflation, Foreign exchange, Volatility, Liquidity etc.

The program is highly acclaimed due to the available number of job opportunities and lower fees for the course per se. FRM fees is much lower when compared to the fees of CFA and MBA.

About FRM Certification

FRM certification helps you to scale the ladder and move ahead in the global job market. Certified FRMs have secured positions such as Chief Risk Officer, Senior Risk Analyst, Head of Operational Risk and Director of Risk Management and so on. In evidencing your skill and displaying better risk practices, you automatically enrol yourself to a world-wide community who are enthusiastic to improve financial stability.

As the fiscal industry becomes progressively competitive and anxious about managing risk, it is imperative to engage yourself and your capabilities to add value to an organization. Possessing FRM certification indicates to employers that you are sincere about risk management and that you have had your Certification authenticated against international professional standards. By linking yourself to the FRM community, you become part of the elite group of accomplished professionals who are pursued after and employed by the leading financial institutions in the world.

It has been observed that most people who participate in the program would endorse it to others to do the same. Professionals in the field of finance and having widespread knowledge about economy and finance can work as a Financial Risk Manager. Most of the reputed risk management firms give enormous value to a FRM qualified person. Therefore, FRM certification is a necessity for any aspiring Financial Risk Manager. The credential gives one an exhaustive understanding of world economy, financial markets, various risk models and much more. Although the certification gives demanding knowledge about risk management, one must be skilful of taking premeditated risks while working under tremendous pressure to flourish as a FRM professional.

FRM certification is a highly sought-after testimonial throughout the world. While large-scale risk management firms continue to remain as major employers of FRM professionals, one can work as a freelancer too. Major corporations and investment bankers take FRM services from risk management firms, and some of them employs FRM professionals. A FRM certified professional can aim for positions such as Risk Quantification Manager, Credit risk specialist, Market risk specialist, Enterprise Risk Manager, Operational risk analysts, Regulatory risk analysts etc.

The compensation and other perks for an FRM professional is usually high as it involves extensive traveling and working under pressure. The under-lying truth is It is a highly rewarding and satisfying career.

FRM aspirant is offered a ‘FRM Charter’ upon completion of the course. There are over 26000 FRM charter holders across globe.

Benefits of FRM Certification

The highlight of the FRM certification is that it gives you a distinctive advantage from the other risk professionals who are operative in money and investment turfs. FRM certification is of such high standards that every top employer recognizes and appreciates it. The skills that a FRM integrates are priceless and the FRM certification provides you with state of the art knowledge that is required in its field.

The FRM certification gives you the opportunity to network with some of the experts in the market and expands opportunities in the world of finance. More than 30,000 individuals from 141 countries across the globe have passed the FRM Exam, automatically, empowering you to become part of the elite group.

Employers around the world realize that the FRM Program prepares candidates with the specialized knowledge and skills necessary to succeed in the dynamic financial sector. The FRM designation is by far the best known and most respected designation for financial risk, with all the top 25 global banks having a significant presence of Certified FRMs in its organisation.

Financial risk managers in the USA can earn anywhere between US$ 100,000 and US$ 250,000. They receive various peripheral benefits, which include pension, health insurance, paid vacations and much more. The average salary of an FRM in India is around INR 900,000

The amount of money a financial risk manager earns depends primarily on several factors. Some of the factors which influence are:
  • Experience
  • Academic qualification
  • who or which company they work for also plays a significant role on the level of compensation
FRM certified professional will have the below mentioned career prospects:
  • Chief Risk Officer
  • Analytics Client Consultant – Risk Management Analytics
  • Risk Manager, Personal Banking
  • Corporate Risk – Managing Director – COO & Risk Officer for Global Asset Liability Management
  • Risk Quantification Manager
  • Manager, Operational Risk Advisory and Oversight for Wealth Management
  • Large Enterprise Commercial Risk Manager
  • Senior Operational Risk Manager
  • Credit risk specialists
  • Market risk specialists
  • Operational risk analysts
  • Regulatory risk analysts
  • Risk Manager, Prudential Risk
  • Enterprise Risk Manager
  • Risk Manager
In a nutshell an FRM will:
  • Stand out to employers and set himself apart
  • Develop knowledge and expertise
  • Join an elite group across the world
  • Demonstrate leadership at work
  • Affirm achievements through real-world experience
  • Enhance reputation
  • Grow global networking connection
  • Increase job opportunities across the globe

Course Curriculum
1 How to use Financial Calculator - BA II Plus Preview 35:18
Mapping Sheet  
2 Banks Preview 27:11
3 Banks Update 05:13
Practice Quiz  
4 Insurance Companies and Pension Plans 42:26
Practice Quiz  
5 Fund Management 40:13
6 Fund Management-Updates 04:10
Practice Quiz  
7 Introduction to Derivatives 45:47
Practice Quiz  
8 Exchanges and OTC Markets 28:22
9 Exchanges and OTC- Update 08:00
Practice Quiz  
10 Central Clearing -1 28:57
Practice Quiz  
11 Central Clearing -2 13:15
Practice Quiz  
12 Futures Markets 53:20
13 Futures Market - Update 04:23
Practice Quiz  
14 Using Futures for Hedging 28:06
Practice Quiz  
15 Pricing Financial Forwards and Futures 43:52
16 Pricing Financial Forwards and Futures - update 13:18
Practice Quiz  
17 Commodities Futures and Forwards 46:04
Practice Quiz  
18 Options Markets 35:25
19 Options Markets - update 23:34
Practice Quiz  
20 Properties of Options 31:46
21 Properties of Options - Update 03:47
Practice Quiz  
22 Trading Strategies 46:23
23 Trading Strategies - Update 07:49
Practice Quiz  
24 Exotic Options 31:15
Practice Quiz  
25 Foreign Exchange Risk 34:11
Practice Quiz  
26 Interest Rates 01:08:36
27 Properties of Interest Rates - Update1 06:16
28 Properties of Interest Rate - Update2 08:18
Practice Quiz  
29 Corporate Bonds 38:54
30 Corporate Bonds - update 07:41
Practice Quiz  
31 Mortgages and Mortgage Backed Securities 1 30:50
32 Mortgages and Mortgage Backed Securities 2 42:42
Practice Quiz  
33 Interest Rate Futures 40:22
Practice Quiz  
34 Swaps 50:12
Practice Quiz  
35 Fundamentals of Probability -1 46:42
Practice Quiz  
36 Fundamentals of Probability -2 21:20
37 Fundamentals of Probability - Update 08:30
Practice Quiz  
38 Random Variables 51:18
39 Random Variables - Update 15:42
Practice Quiz  
40 Common Univariate Random Variables 37:41
Practice Quiz  
41 Multivariate Random Variables 36:49
42 Hypothesis Testing 33:59
43 Hypothesis Testing - Update 12:10
Practice Quiz  
44 Linear Regression -1 29:46
Practice Quiz  
45 Linear Regression -2 36:28
46 Linear Regression - Update 07:54
Practice Quiz  
47 Regression with Multiple Explanatory Variables -1 24:25
Practice Quiz  
48 Regression with Multiple Explanatory Variables -2 40:55
Practice Quiz  
49 Non Stationery Time Series -1 25:09
Practice Quiz  
50 Non Stationery Time Series -2 21:12
Practice Quiz  
51 Stationery Time Series -1 31:27
Practice Quiz  
52 Stationery Time Series -2 17:30
Practice Quiz  
53 Measuring Return, Volatility, and Correlation - 1 37:37
Practice Quiz  
54 Measuring Return, Volatility, and Correlation -2 27:39
55 Measuring Return, Volatility, and Correlation -3 19:36
56 Measuring Rerurn Volatility Correlation - Update 19:37
Practice Quiz  
57 Simulation and Bootstrapping 39:52
Practice Quiz  
58 Measures of Financial Risk 31:12
59 Measures of Financial Risk - Update 10:25
Practice Quiz  
60 Understanding VaR Methods 21:33
Practice Quiz  
61 Calculating and Applying VaR 33:02
Practice Quiz  
62 Measuring and Monitoring Volatility - 1 39:08
63 Measuring and Monitoring Volatility - 2 19:25
Practice Quiz  
64 External and Internal Ratings 20:32
65 External and Internal Credit Ratings - Update 16:57
Practice Quiz  
66 Country Risk 30:15
67 Country Risk -Updates 06:22
Practice Quiz  
68 Measuring Credit Risk - Part1 20:29
69 Measuring Credit Risk - Part2 26:13
70 Measuring Credit Risk - Part3 17:28
71 Operational Risk 33:03
Practice Quiz  
72 Pricing Conventions, Discounting and Arbitrage 36:53
Practice Quiz  
73 Interest Rates 40:35
Practice Quiz  
74 Bond Yields and Return Calculations 36:00
Practice Quiz  
75 Applying Duration, Convexity abd DV01 40:11
Practice Quiz  
76 Modeling Non Parallel Term Structure Shifts and Hedging 39:57
Practice Quiz  
77 Binomial Tree 38:26
Practice Quiz  
78 Black Scholes Merton Model 27:13
Practice Quiz  
79 The Greeks Letter 42:02
Practice Quiz  
80 Stress Testing -1 16:28
Practice Quiz  
81 Stress Testing-2 12:02
Practice Quiz  
82 Stress Testing-3 23:52
Practice Quiz  
83 Capital Structure in Banks 21:50
Practice Quiz  
84 Risk Management A Helicopter view 38:56
Practice Quiz  
85 Corporate Risk Management A Primer 26:08
Practice Quiz  
86 Corporate Governance and Risk Management 16:43
Practice Quiz  
87 Enterprise Risk Management 15:38
Practice Quiz  
88 Risk Management, Governance, Culture and Risk Taking in Banks 20:40
Practice Quiz  
89 Financial Disasters 16:22
Practice Quiz  
90 Deciphering the Liquidity and Credit Crunch 2007-08 25:43
Practice Quiz  
91 Getting Up To Speed On The Financial Crisis A One-Weekend-Reader’s Guide 12:13
Practice Quiz  
92 Risk Management Failures 13:24
Practice Quiz  
93 Efficient Portfolios 33:26
Practice Quiz  
94 The Standard Capital Asset Pricing Model 21:20
Practice Quiz  
95 Applying CAPM to Performance Measurement 16:39
Practice Quiz  
96 Arbitrage Pricing Theory and Multi-factor Models of Risk and Return 24:09
Practice Quiz  
97 Principles for Effective Risk Data Aggregation and Risk Reporting 06:10
Practice Quiz  
98 GARP Code of Conduct 09:03
Practice Quiz  
mock test1  
mock test2  
mock test3  

Eligibility Criteria

Eligibility criteria for FRM


There is no pre-qualification required to appear for the FRM Exam. Nevertheless, the FRM program is recommended to B.com, MBA, CFA, CA, CPA, and other finance professionals, as this program specializes into Risk Management.

Even an undergraduate (Final Year of Graduation) is qualified to give the FRM exam. But you can take FRM Part 2 only when you complete the FRM Part 1. Candidates must pass both the parts one after another.

A minimum of two years professional full-time work experience in financial risk management or any related field including, trading, portfolio management, industry research, economics, auditing, risk consulting, etc. is a must

Once you have passed the FRM Exam, you need to provide the proof of your professional experience to GARP to receive your certificate. The proof of professional experience should be furnished to GARP in about 5 years of time. Failure to do so, will result in you taking the exams once again. GARP, after processing your work experience, will mail the certificate to you.

Two things set you as a certified Financial Risk Manager:
  1. Firstly, should have a passing score on the FRM Examination, and;
  2. Secondly should be an active Fellow membership in the Global Association of Risk Professionals (GARP)

Ratings & Reviews
Shola Afolayan
Balance Sheet management, Sterling Bank
This video has made my reading very easy. Well done

Mr. Gudepu Harsha vardhan
Officer, Canara bank
Very useful in gaining financial certifications.

Ms. Jacinta Matata
Investment Officer - Risk Analytics, central bank of kenya
These lectures are knowlegable.

Mr. Raj Maheshwari
Student, IBS hyd
thanks a lot

Madhavi
analyst, hsbc
Very helpful. cost wise also very reasonable.Thanks to Apna course f & Amit sir.

charlesrlawrence@yahoo.com
Passed FRM1, Butterfield Bank
Good course. As with any course there are errors that I wish Apna would go back and fix/edit with just some typed comments at the bottom of the screen. Overall a nice dive into the material and feeling good about taking some practice exams soon.

charlesrlawrence@yahoo.com
Passed FRM1, Butterfield Bank
I passed level 1. Thank you! Will be purchasing level 2 soon. Thanks Mr. Parakh

Mr. Venkat Narayan reddy
Branch Manager, Janalakshmi Financial Services
Good courses for career building

Balu Natarajan
Analyst, Moodys Investor Services
Very good instructor. Tries to give reasoning behind equations and formulas.

GODFREY
Internal Control Officer, First Bank of Nigeria
Incisive insights into the key elements of the program and detailed analysis to reinforce key points to remember. excellent job and weldone

EESHAN OPNEJA
assistant manager, uco bank
Excellent course

Abhimanyu Mathur
Officer, Bank of Baroda
A comprehensive course which makes the textbook easy to understand.

Pradeep Ramchandani
lecturer, mcmaster
good

Naga Siva Srikanth
trader, futures first
decent

Francis Fontenelle
Adviser, ECCB
Excellent course

Ms. Akshaya Mali
Risk Analyst
Excellently explained. Almost all topics are covered.

Satyam
Manager Training
Very nice course offered by Apnacourse. Precise and to the point. Thank you so much.

Nitin
I recommend strongly this course to pursue as the lectures very well descriptive & explained logically which helps in concept development.

RAJIV
Best price best teachings

Lokesh Sharma
Good course. Trainer is knowledge

Shreyak Shah
course is good

Ms. Jasmine Diana
I would like to thank apnacourse for providing such online courses...good one.. All lectures are explained very nicely..!!

Ms. Pragati Chattopadhyay
Apnacourse has done a great job by publishing this course. This is what i was looking for. Good content. Nice course..!

Ms. Shruthi Pillai
Excellent website.. liked the content..looking for still more courses of financial management..

Mr. Christopher Khan
This class is in direct contravention of the old saying 'You get what you pay for'. It costs NOTHING but the instruction is top notch. Concepts are well explained with appropriate examples and pacing is just right. An excellent job by Mr Parakh

Ms. Namitha Nayar
I liked the training as well as the content. It was simple to understand. Contents were useful, gained lot of knowledge from this course.

Ms. Kavita Nagesh
This course has been explained very well in apnacourse website. I suggest people to take this course. Even the contents are good. Excellent..

Mr. Niranjan Gowda
Well presented course. Its a great starting point. Solid content included..

Ms. Ashwini Bangera
Course was professional in content and delivery. Nice!

Mr. Manohar K S
Good..The material was presented with clarity..

P Krishnan Unni
Excellent review. Really helpful!!

Rithesh A K
Very useful for beginners like me.

PUSHKAR SONSALE
Good

sirisha kavalipati
Just can't say how much I appreciate Mr.Amit Parikh , all the topics are well taught, up to the point, I'm all ready for Nov!. Thanks so much.

Charbel Elias
Saved my time as i am working and can't get the job done in 2 months only through only reading.

Samip Pant
Great courses.

Mr. Rajesh Piyush
good

Shalender mehta
Thanks

Vashist Sudarsan
Great explanations

Rukshan
Good

Frequently Asked Questions

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Most courses are self paced courses with a typical duration of 6 months (180 days) access period. This means, you get 180 access to the course from the moment you enrol into it. You can extend you access by 180 more days at any point during the subscription or post expiration of subscription. Some courses also support a Live Online Classroom courses that Virtual batches on specific dates.

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Course Expert
Mr. Amit Parakh
Amit, an IIM Ahmedabad graduate is an avid trainer in the finance space. Having cracked CA (with an all India 14th rank), FRM, CS, CFA exams all in first attempt and being an Aditya Birla Scholarship nominee as one of the all India CAT toppers, he knows what it takes.

He regularly conducts study programs related to CFA, FRM, CA and has conducted courses/workshops for IIM Shillong, XLRI, Praxis,Great Lakes, SREI, IFCI, ICICI Bank, NSE, Kotak Securities etc. Amit has worked extensively in the banking and equity research areas before entering academics. He has been with Structured Products Group, ICICI Bank, where he played a key role in carrying out valuation assignments, building credit rating models and structuring transactions.

He has also been an equity research analyst with JP Morgan where he was involved in building valuation models and financial analysis of Indian IT Services companies. He takes active interest in capital markets and specifically, likes to get involved in valuation assignments. He conducts workshops on corporate finance, asset valuation, risk management and financial analysis.
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