FRM Part II Exam Preparation
Prepare for Part II of the Financial Risk Manager (FRM) exam set by GARP.
About this course
Prepare for Part II of the Financial Risk Manager (FRM) exam set by GARP. Over ten days you will cover market, credit, operational and liquidity risk, risk management in investment portfolios and current issues in financial markets.
Sessions link theory to real cases and build towards timed practice with exam-style questions. Exam registration and fees are separate and paid directly to GARP; on completion you receive an Alalamia certificate of attendance.
What you'll learn
- Measure and manage market risk using VaR, expected shortfall and backtesting
- Analyse credit risk, counterparty exposure and credit derivatives
- Assess operational risk and organisational resilience
- Evaluate liquidity and treasury risk and funding strategies
- Apply risk management principles to investment portfolios
- Discuss current issues in financial markets and their risk implications
- Practise exam-style questions under timed conditions
Curriculum
- Estimating VaR and expected shortfall
- Non-parametric and parametric approaches
- Backtesting VaR models
- Correlation and its modelling
- Term structure models and volatility smiles
- Credit analysis and default risk
- Credit risk models and portfolio credit risk
- Counterparty credit risk and credit valuation adjustment
- Credit derivatives and securitisation
- Operational risk frameworks and governance
- Identifying and assessing operational risk
- Capital modelling for operational risk
- Cyber, third-party and model risk
- Operational resilience
- Liquidity risk and its measurement
- Funding liquidity and contingency planning
- Liquidity ratios and regulatory requirements
- Asset-liability management and treasury
- Portfolio construction and risk budgeting
- Performance measurement and attribution
- Hedge funds and alternative investments
- Due diligence on fund managers
- Reviewing recent developments in the reading list
- Climate and sustainability-related risk
- Technology and new risks in finance
- Exam format and question styles
- Integrating topics across areas
- Timed practice papers and review
- Final study planning
Who it's for
Risk professionals who have passed FRM Part I and are preparing for Part II.
Before you start
- Completion of FRM Part I or equivalent knowledge
Prepares for
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