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FRM Part 1 Study Notes

FRM Part 1 Study Notes

FRM Part I

Foundations of Risk Management

1. The Building Blocks of Risk Management
2. How Do Firms Manage Financial Risk?
3. The Governance of Risk Management
4. Credit Risk Transfer Mechanisms
5. Modern Portfolio Theory (MPT) and the Capital Asset Pricing Model (CAPM)
6. The Arbitrage Pricing Theory and Multifactor Models of Risk and Return
7. Risk Data Aggregation and Reporting Principles
8. Enterprise Risk Management and Future Trends (Available for AnalystPrep Premium Users; Click Here)
9. Learning From Financial Disasters (Available for AnalystPrep Premium Users; Click Here)
10. Anatomy of the Great Financial Crisis of 2007-2009 (Available for AnalystPrep Premium Users; Click Here)
11. GARP Code of Conduct (Available for AnalystPrep Premium Users; Click Here)

Quantitative Analysis

1. Fundamentals of Probability
2. Random Variables
3. Common Univariate Random Variables
4. Multivariate Random Variables
5. Sample Moments
6. Hypothesis Testing
7. Linear Regression
8. Regression with Multiple Explanatory Variables
9
. Regression Diagnostics
10. Stationary Time Series (Available for AnalystPrep Premium Users; Click Here)
11. Nonstationary Time Series (Available for AnalystPrep Premium Users; Click Here)
12. Measuring Return, Volatility, and Correlation (Available for AnalystPrep Premium Users; Click Here)
13. Simulation and Bootstrapping (Available for AnalystPrep Premium Users; Click Here)

Financial Markets and Products

1. Banks
2. Insurance Companies and Pension Plans
3. Fund Management
4. Introduction to Derivatives
5. Exchanges and OTC Markets
6. Central Clearing
7. Futures Markets
8. Using Futures for Hedging
9. Foreign Exchange Markets
10. Pricing Financial Forwards and Futures
11. Commodity Forwards and Futures
12. Options Markets
13. Properties of Options
14. Trading Strategies
15. Exotic Options
16. Properties of Interest Rates
1
7. Corporate Bonds (Available for AnalystPrep Premium Users; Click Here)
18. 
Mortgages and Mortgage-backed Securities (Available for AnalystPrep Premium Users; Click Here)
19. 
Interest Rate Futures (Available for AnalystPrep Premium Users; Click Here)
20. SWAPS (Available for AnalystPrep Premium Users; Click Here)

Valuation and Risk Management

1. Measures of Financial Risk
2. Calculating and Applying VaR
3. Measuring and Monitoring Volatility
4. 
External and Internal Ratings
5. Country Risk
6. Measuring Credit Risk
7. Operational Risk
8. Stress-Testing
9. Pricing Conventions, Discounting, and Arbitrage
10. Interest Rates
11. 
Bond Yields and Return Calculations
12. Applying Duration, Convexity, and DV01
13. Modeling and Hedging Non-Parallel Term Structure Shifts (Available for AnalystPrep Premium Users; Click Here)
14. Binomial Trees (Available for AnalystPrep Premium Users; Click Here)
15. The Black-Scholes-Merton Model (Available for AnalystPrep Premium Users; Click Here)
16. Option Sensitivity Measures: The “Greeks” (Available for AnalystPrep Premium Users; Click Here)

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    Daniel Glyn
    Daniel Glyn
    2021-03-24
    I have finished my FRM1 thanks to AnalystPrep. And now using AnalystPrep for my FRM2 preparation. Professor Forjan is brilliant. He gives such good explanations and analogies. And more than anything makes learning fun. A big thank you to Analystprep and Professor Forjan. 5 stars all the way!
    michael walshe
    michael walshe
    2021-03-18
    Professor James' videos are excellent for understanding the underlying theories behind financial engineering / financial analysis. The AnalystPrep videos were better than any of the others that I searched through on YouTube for providing a clear explanation of some concepts, such as Portfolio theory, CAPM, and Arbitrage Pricing theory. Watching these cleared up many of the unclarities I had in my head. Highly recommended.
    Nyka Smith
    Nyka Smith
    2021-02-18
    Every concept is very well explained by Nilay Arun. kudos to you man!
    Badr Moubile
    Badr Moubile
    2021-02-13
    Very helpfull!
    Agustin Olcese
    Agustin Olcese
    2021-01-27
    Excellent explantions, very clear!
    Jaak Jay
    Jaak Jay
    2021-01-14
    Awesome content, kudos to Prof.James Frojan
    sindhushree reddy
    sindhushree reddy
    2021-01-07
    Crisp and short ppt of Frm chapters and great explanation with examples.

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