**Key Course Benefits**

Video lessons on all key topics

Live Zoom sessions on key topics (Options, VaR, Bonds, Derivatives, Statistics)

Practice questions and answers (updated frequently)

Practice Mock Exams

**Why Learn FRM Part 1 with Expert Finance Training?**

- Learning approach focused on how to pass exams and weighting given to key topics that requires detailed understanding
- Live Zoom sessions before exams to prepare students to tackle some of the difficult topics easily
- Work related practical tips to enhance career options provided by course creator Collin Ratnam who has worked in the Financial Sector since for the last 2 decades.
- Our teaching approach is based on considering students who might have busy schedules and who might have limited time to learn.

**Statistics **

Our training will be providing a greater weighting for statistics due to its coverage in FRM Part 1 also its relevance in other sections of the course and some aspects of statistics is used frequently in most Market Risk related roles.

**Pricing of Derivatives**

Understanding how Options and other derivatives (Forward contracts, FRA, Swaps, Currency Swaps, Futures etc) are used and valued are key, and our course provides more focus for these topics.

**Value at Risk & Bonds**

Value at Risk is a key industry topic that many students struggle to understand and this is a topic that's also covered extensively in FRM Part 2. Bonds are covered extensively in FRM Part 1 & 2. Both these topics are covered in detail in the course.

**Example Curriculum**

- Building Blocks of Risk Management
- How do firms manage Financial Risk
- Credit Risk Transfer Mechanisms
- Q & A: Credit Risk Transfer Mechanisms
- Risk Management Process
- Types of Financial Risk a Firm should manage
- Modern Portfolio Theory
- Q&A: Modern Portfolio
- Capital Asset Pricing Model
- Arbitrage Pricing Theory
- Q & A: Arbitrage Pricing Theory
- Q & A: 2007/2008 Financial Crisis
- Q & A: Bank Failure
- Learning From Financial Disasters - Liquidity Crisis (38:15)

- Introduction to Probability (12:41)
- Mutually exclusive events (7:49)
- Conditional Probability (17:24)
- Q & A: Probability (5Qs)
- Random Variables (35:07)
- Q & A: Random Variables (5Qs)
- Bernoulli & Binomial distribution (17:23)
- Poisson Distribution (15:35)
- Uniform Distribution (17:30)
- Normal Distribution (14:38)
- Student's T and Chi Squared distribution (29:57)
- F Distribution (14:26)
- Q & A: Distributions(4Qs)
- Probability Matrix (12:17)
- Covariance and Correlation (16:59)
- Q&A: Multivariate Random Variables (6Qs)
- Sample Mean (10:11)
- Sample variance (12:27)
- Skew & Kurtosis (10:00)
- Law of Large Numbers
- Central Limit Theorem
- Sample Mean of Two Variables
- Q&A: Sample Moments
- Introduction to Hypothesis Testing
- Q & A: Statistical inference and hypothesis testing
- linear regression
- linear regression - hypothesis testing
- Multiple regression
- Multiple regression hypothesis
- Q&A: Linear & Multiple regression
- Regression Diagnostics - Omitted variables
- Heteroskedacity
- Multicollinearity
- Stationary Time Series
- Introduction to Moving Average Model
- Introduction to Auto Regressive Model

- Introduction to Banks - Part 1
- Introduction to Banks - Part 2
- Insurance and Pension Plans - Introduction
- Calculating Mortgage Payments
- Q & A: Mutual Funds
- Linear Derivatives
- Non Linear Derivatives
- Call Options
- Put Options
- Exchanges and OTC Markets
- Central Clearing - OTC Trades
- Futures Basics
- Commodity Forwards
- Forward Rate Contracts - Part 1
- Introduction to Foreign Exchange Rates
- Q & A: Forward Contracts (7Qs)
- Forward Rate Agreement
- Futures Margin Requirements
- What is Basis Risk?
- Minimum Variance Hedge Ratio
- Calculate forward rate based on spot rate
- Introduction to Treasury Bond Futures
- Lower Bound European Call
- Upper Bound Put Option
- Upper Bound Call Option
- Interest Rate Risk - DV01
- Interest Rate Risk - Duration
- Principal Protected Notes
- Protective Put & Covered Call
- Option Spreads - Part 1
- Q & A : Option Trading Strategies (10Qs)
- Corporate Bonds - Part 1
- Corporate Bonds - Part 2
- Introduction to Swaps
- Q & A: Swaps (7Qs)
- Currency Swaps
- Treasury Bond Futures - Introduction
- Day Count Conventions
- Futures Conversion Factor

- Mean Variance Framework
- 3 Approaches to calculate VaR
- Delta Normal VaR
- VaR - Historical Simulation
- Q & A: VaR and Expected Shortfall (9Qs)
- External Rating Agencies - Part 1
- External Rating Agencies - Part 2
- Q & A : External Rating Agencies (8Qs)
- Country Risk
- Credit Risk - Mean & Standard Deviation of Credit Losses
- Credit Risk - Vasisek Model
- Introduction to Stress Testing
- Treasury Bills & Treasury Bonds
- Bonds - Gross & Net Return
- Bonds - Yield to Maturity
- Bonds - Replicating bonds cashflows
- Option Greeks - Vega
- Option Greeks - Delta
- Option Greeks - Theta
- Option Greeks - Gamma
- Introduction to Key Rate Shifts
- Option Valuation - 1 step binomial tree
- Option Valuation - 2 step binomial
- Black Scholes Model - Log Normal Property of Stock Price
- Black Scholes Model - Continuous Compounding % of Return of a Stock
- Black Scholes Model - European Call Option
- Black Scholes Model - European Put Option

**Questions**

If you have any questions relating to course topics or any related questions, please send us an email on [email protected]