PristineCareers

Training for the FRM Exam

The objective of this training program is to prepare candidates for FRM 2008 exam conducted by GARP. Participants will be given extensive trainings in Quants, Market risk, Credit Risk and for the practical portion of Operational Risk and Investment mgt. Even though our immediate target would be to help the participants to clear the FRM exam, we believe that our teaching methodology would prepare our participants to practically apply theoretical concepts and be a better fit in the risk management industry.

Faculty: Our Faculty comprises of working professionals in Risk Management, Investment Banking, Private Equity and Basel Implementation with educational background of IIT/IIM.

Training Schedule

Timings**	FRM Exam Trainings
May(24,25,31) & June (1,7,8,14,15,21,22)	Chennai**
June (7,8,14,15,21,22, 28,29) & July (5,6)	Mumbai- registration over
June (14,15,21,22, 28,29) & July (5,6, 12, 13)	Mumbai- registration over
July(5,6,12,13,19,20,26,27) & August (2,3)	Bangalore
July(12, 13, 19, 20, 26,27) & August (2,3,9,10)	Pune
July (26,27) & August (2,3,9,10,16,17, 22, 23)	Delhi
August (9,10,16,17, 23,24,30,31) & Sept (6,7)	Hyderabad
July(19, 20, 26,27) & August (2,3,9,10, 16,17)	Kolkata
Online Trainings starting from 28th June	India

**Training Timings (Except Bangalore): Saturday 2pm to 7.30pm ; Sunday: 10am to 3.30pm

**Training Timings (Bangalore): Saturday 2.30pm to 7.30pm ; Sunday: 11pm to 4.30pm

Chennai Venue: AEC Business School, 33, Kittu Complex, Giriappa Road, T. Nagar, Chennai - 600017, Landmark: Near G.R.T. Hotel

FRM Classroom Training : Give the test to evaluate if you should join the Beginners or Advanced Course. Click here for the Test

What do Students Get?

FRM Summary handbook

50 hrs (10 days/5 Weekends) of extensive training.

Classroom Tests every day after the trainings.

Extended Online support by the faculty beyond training hours

2 Mock Tests before the Exam to test their preparation levels

Career Counseling & Placement Support after the Exam.

40 Online Tests on all the Learning Objectives.

1. Beginners Module : Fees 10,000* + (12.36% Service Tax) ; 10 days ( 5 weekends ) - 2 days trainings on basics of Quants & Market Risk (Prerequisites for the Advanced Module) + 8 days Advanced Module

Weekend (5hrs a day)	1st	2nd	3rd	4th	5th
Subjects	Basics of Quant, Market	Quantitative Analysis & Market Risk	Market Risk	Operational Risk & Investment Mgt	Credit Risk

2. Advanced Module: Fees 8,000* + (12.36% Service Tax) ; 8 days ( 4 weekends )

Weekend (5hrs a day)	1st	2nd	3rd	4th
Subjects	Quantitative Analysis & Market Risk	Market Risk	Operational Risk & Investment Mgt	Credit Risk

Prerequisites for the Advanced Module

Quant: Mean, Median, Mode, Standard Deviation, Probability Distributions, Variance and Covariance.

Market Risk: Calculator Usage, Time Value of Money, Bond Valuation, Basics of Derivatives

* 20% discount for a group of 5 or more students

Topics to be Covered in the Classroom Trainings

Quantitative Analysis

1.       Probability & Probability distributions

2.       Skewness, and Kurtosis

3.       Correlation and Regression

4.       Statistics including sampling theory and hypothesis testing.

5.      Monte Carlo Simulations, Cholesky decomposition, Brownian motion, Weiner Process, Taylor Series, Extreme Value Theory

6.       Estimation of Volatility & Quantifying Volatility in VAR Models including EWMA and GARCH model

Credit Risk

1.       Internal and External Ratings

a.       Rating transition matrix

b.       ROC, Gini Coefficient, Stability index etc.

c.        TTC vs. ATP approach

2.       Individual borrower Credit Risk

a.       Estimation of parameters like PD, LGD and EAD

b.       Calculation of individual obligor’s Expected Loss (EL) and Unexpected Loss (UL)

c.        Understanding and calculation of survival probability, hazard rates, marginal and cumulative default probability

3.       Portfolio Credit Risk

a.       Calculation of portfolio EL, UL, RC, Credit VaR and Economic capital

b.       Understanding and estimation of Joint default probabilities, asset and default correlation

4.       Counterparty risk, Sovereign risk

5.       Credit Risk Models

a.       Structural models: Moody’s KMV, Merton model (including application of option pricing theory in valuation of market value of equity and debt), Credit Metrics

b.       Intensity models

c.        Other models including actuarial models

d.       Credit Scoring Models for retail portfolios

6.       Credit derivatives

a.       Single-name: Understanding CDS, CLN, TRS and Credit Spread options

b.       Multiple-names: Understanding Basket CDS, Nth-to-default swaps and CDO

c.        Valuation of CDS and CDO

d.       Risk management and capital requirement

7.       Securitization & Mortgage back Securities

8.       Pricing : RAROC

Market Risk

1.       Bonds Valuation

a.       Bond markets, Bond pricing & Bonds volatility

b.       Yield measure & Yield Curve Analysis

2.       Foreign Exchange Risk & Interest rate Risk

3.       Options, Futures and other derivatives

a.       Derivatives on fixed-income securities, interest rates, foreign exchange, equities, and commodities

b.       Derivatives pricing using Binomial tree, Black Scholes, Monte Carlo Simulation etc.

c.        Understanding option Strategies & Greeks

d.       Pricing & risk analysis of Fixed Income instruments and fixed income derivatives

4.       Hedging Linear risks: hedging with futures , minimum variance ratio, distributions

5.       Non Linear Risks: hedging with options , partial derivatives, distributions

6.       Complex Derivatives

7.       Value at Risk

a.       Methods: Historical simulation, Delta-normal and MCS

b.       Tools : Marginal, Incremental and Component VAR from measuring to managing risks

Operational risk

1. Economic Capital

2. RAROC

1. Investment Management

1. Portfolio Theory

2. Performances Analysis