FRM Exam Preparation – Part 1

Course Fee

7500

Class Duration

108 Hours

Sessions

36

No of Weeks

18 Weeks

Course Calendar

FRM P1 FASTRACK COURSE
(1 Full Week)

40 Hrs of Classroom Tutoring 2 Mock Tests

Timing: SUN, MON, TUE, WED, THUR(Fastrack Course)
08:00AM – 5:00PM

Course Fees: AED 3500

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FRM PART 1
(FULL COURSE)

72 Hrs of Classroom Tutoring 4 Mock Tests

Timing: FRI & SAT
(WEEKDAYS)
10:00PM – 12:00AM

Course Fees: AED 7500

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Overview

What is FRM PART 1?

FRM PART 1 – Financial risk management is a professional certification test. FRM PART 1 is the 1st of the 2-part FRM exam. FRM is a highly sought-after certification by candidates who are keen on specializing in risk management in businesses.

Who Conducts FRM PART 1?

FRM PART 1 is administered by The Global Association of Risk Professionals (GARP), a private nonprofit organization in USA.

Who writes FRM PART 1?

FRM PART 1 is written by working professionals or college students or candidates who have qualified certain Professional Certification courses such as ACCA, CMA, CPA, etc.

What is the test duration of the FRM PART 1?

FRM PART 1 test is conducted on a single day for a total duration of 4 hours.

How many questions are there on FRM PART 1?

A total of 100 multiple choice questions are there on the FRM PART 1

What is the score distribution of FRM PART 1?

The score distribution of FRM PART 1 in each section is as follows

· Correct Answer – 1 Point

· In Correct Answer / Unanswered – 0 Point

What is the General Test Structure and Time Allowed for FRM PART 1?

· Morning Session – 100 multiple choice questions – 4hr

What is the question pattern?

For the FRM PART 1, the question pattern is divided as follows

· 100 Questions – Multiple-choice Questions

What are the topics & its weightage in FRM PART 1?

FRM Part 1 syllabus is divided into 4 components:

1. Foundations of Risk Management – 20%

2. Quantitative Analysis – 20%

3. Financial Markets & Products – 30%

4. Valuation & Risk Models – 30%

What is the FRM PART 1 test environment?

FRM PART 1 is a Paper- based test.

When is the FRM PART 1 score published?

Since FRM PART 1 is a paper-based test, it requires time for scoring, the official test score would be available 6 weeks after the test date.

Can I cancel the FRM PART 1 test scores after taking the test?

No

How long is FRM PART 1 pass result valid?

Candidates should pass the 2 parts of the exam and complete 2 continuous years of professional experience in management accounting and/or financial management within 5 years from the date of passing the tests.

How many times is the FRM PART 1 administered in a year?

FRM PART 1 is a paper-based test administered twice a year in the UAE.

Test Date Early Registration Standard Registration Late Registration
18th May 2019 31st January 2019 28th February 2019 15th April 2019
16th November 2019

Eligibility criteria for FRM PART 1?

· There are no minimum eligibility requirements to appear in the FRM exam

How many times can the candidate take FRM PART 1?

In a span of one year, the student is entitled to take FRM PART 1 twice

Should I write FRM part 1 first or FRM Part 1 first or write both on the same day?

Candidates attempting to write FRM tests have 2 – options:

1. A candidate administers FRM part 1 only on the test day and awaits results. After a candidate clears part 1, he can write FRM Part 1 afterwards.

2. Alternatively, a candidate can choose to write both FRM part 1 & part 2 on the same day. But one should be aware that the test administrators will evaluate a candidate’s FRM part 1 paper first and only if he / she has cleared his part 1 paper, the test administrator will evaluate the part 2 paper.

What are the benefits of FRM PART 1?

Successfully completing FRM PART 1 is the beginning of your career in the field of management accounting. With the FRM PART 1 qualification, Candidates should be able to find an entry level job in the risk management division of banks, investment firms, insurance companies, commodity trading companies, brokerage firms, etc. But keep in mind that completing both parts and finally obtaining the FRM is the ticket for further growth and opportunities.

What is the FRM PART 1 Exams Fees Structure?/h4>

1. FRM Enrollment Fee: $400

2. FRM Exam Fee: $350 – Early, $475 – Standard, $650 – Late registration.

https://www.garp.org/#!/frm/fees-payments

How to register for FRM PART 1?

Interested candidates may register for FRM PART 1 online. The candidate may follow the online registration process – · The candidate should create an account in the garp.org website

· Complete the registration form and pay the FRM Enrollment Fee

· Select the Date and Location for FRM PART 1 Test

· Make a payment for FRM PART 1 exam fee

How to register for FRM PART 1?

Interested candidates may register for FRM PART 1 online. The candidate may follow the online registration process – · The candidate should create an account in the garp.org website

· Complete the registration form and pay the FRM Enrollment Fee

· Select the Date and Location for FRM PART 1 Test

· Make a payment for FRM PART 1 exam fee

Where is the test center for FRM PART 1 in UAE?

1) X

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Course Syllabus

Chapter 1: Risk Management

a) Risk Measurement
b) Evaluation of The Risk Measurement Process
c) Portfolio Construction
d) Asset Pricing Theories
e) Value of Risk Management

Chapter 2: Fundamentals of Probability

a) Characterizing Random Variables
b) Multivariate Distribution Functions
c) Functions of Random Variables
d) Important Distribution Functions
e) Distribution of Averages

Chapter 3: Fundamentals of Statistics

a)) Parameter Estimation
b) Regression Analysis

Chapter 4: Monte Carlo Methods

a) Simulations with One Random Variable
b) Implementing Simulations
c) Multiple Sources of Risk

Chapter 5: Modelling Risk Factors

a) Real Data
b) Normal and LogNormal Distributions
c) Distributions with Fat Tails
d) Time Variation in Risk

Chapter 6: Bond Fundamentals

a) Discounting, Present Value, and Future Value
b) Price-Yield Relationship
c)Bond Price Derivatives
d) Duration and Convexity

Chapter 7: Introduction to Derivatives

a) Derivatives Markets
b) Forward Contracts
c) Futures Contracts
d) Swap Contracts

Chapter 8: Option Markets

a) Option Payoffs
b) Option Premiums
c) Valuing Options
d) Other Option Contracts
e) Valuing Options by Numerical Methods

Chapter 9: Fixed-Income Securities

a) Overview of Debt Markets
b) Fixed Income Securities
c) Pricing of Fixed Income Securities
d) Fixed Income Risk

Chapter 10: Fixed-Income Derivatives

a) Forward Contracts
b) Futures
c) Swaps
d) Options

Chapter 11: Equity, Currency, and Commodity Markets

a) Equities
b) Equity Derivatives
c) Currencies
d) Currency Derivatives
e) Commodities
f) Commodity Derivatives

Chapter 12: Introduction to Risk Models

a) Introduction to Financial Market Risks
b) Components of Risk Measurement Systems
c) Downside Risk Measures
d) VAR Parameters
e) Stress-Testing
f) VAR: Local Versus Full Valuation

Chapter 13: Managing Linear Risk

a) Unitary hedging
b) Optimal Hedging
c) Applications of Optimal Hedging

Chapter 14: Non-Linear (Option) Risk Models

a) Option Models
b) Option Greeks
c) Option Risks