FRM Part 1 - Book 1 - Foundations of Risk Management
What you'll learn
- FRM Part 1 - Book 1: Foundations of Risk Management
Requirements
- No prerequisites
Description
In this comprehensive course, Prof. James Forjan, PhD, with his extensive experience of over 25 years in teaching college-level business classes, delves into the intricate world of risk management. His expertise brings a unique and insightful perspective to each chapter of the "Foundations of Risk Management" book, making it an invaluable resource for those preparing for the FRM Part 1 exam. The course is meticulously designed to cover all critical aspects of risk management, ensuring a thorough understanding of the subject.
The chapters in this course encompass a wide range of topics. Starting with the basic building blocks of risk management, it lays a solid foundation for understanding complex risk management concepts. It then progresses to explore how firms handle financial risks and the governance structures that guide these processes. Credit risk transfer mechanisms are dissected to understand their role in risk management.
A significant focus is on Modern Portfolio Theory (MPT) and the Capital Asset Pricing Model (CAPM), which are pivotal in understanding market behaviors and investment strategies. The course also delves into the Arbitrage Pricing Theory and Multifactor Models, providing a nuanced view of risk and return. Additionally, it covers the vital aspects of risk data aggregation and reporting principles, which are crucial for effective risk management in organizations.
Enterprise Risk Management and future trends in risk management are explored, offering insights into the evolving nature of the field. The course also includes a critical analysis of financial disasters, providing lessons that can be learned from past mistakes. It concludes with an in-depth look at the Great Financial Crisis of 2007-2009, offering a detailed examination of its causes and effects.
Moreover, the course incorporates the GARP Code of Conduct, ensuring that students not only learn the technical aspects of risk management but also understand the ethical considerations and professional standards required in the field. This inclusion underscores the course's commitment to not only educating students in risk management concepts but also inculcating a strong sense of professional ethics and responsibility.
This course includes the following chapters:
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
9. Learning From Financial Disasters
10. Anatomy of the Great Financial Crisis of 2007-2009
11. GARP Code of Conduct
Who this course is for:
- FRM candidates
Instructor
- 4.4 Instructor Rating
- 2,612 Reviews
- 19,835 Students
- 21 Courses
James Forjan, PhD, CFA has taught college-level business classes for over 25 years. He currently teaches a number of different graduate and undergraduates classes in Pennsylvania. He received his CFA charter in 2004 and has always been keeping up to date with what is happening in the investment world and with the CFA Institute.
Stefan is a test prep professor at Northeastern Illinois University holding a Bachelor’s degree in Communication from the University of Southern California and a Master's degree in Journalism from Northwestern University. He has written practice problems for both GRE Prep Club and GMAT Club online prep materials, as well as participated as an invited test prep expert at live college admissions events globally for schools such as ESMT Berlin. He has scored in the 99th percentile or higher for each of the variety of standardized tests, including the ACT, Executive Assessment, Essential Skills Assessment, GMAT, GRE, LSAT, MAT, and SAT, that he has taught for more than a decade. In fact, at a previous test-prep employer, he was once voted best tutor in the Midwest region based on student feedback. His engaging style, perhaps honed while producing college and professional sports at ESPN, has helped hundreds of students from high schoolers looking to beat the ACT or SAT to undergrads and professionals looking to get into top tier graduate schools such as the University of Chicago, Harvard University, New York University, and Yale University.