FRM Level 1 Certification Training

This FRM Level 1 certification training is a comprehensive exam‑preparation program designed to help candidates master the essential concepts needed to succeed on the Financial Risk Manager (FRM) Level I exam, a globally recognized benchmark for risk professionals. This course provides a systematic and practical approach to the core areas of financial risk management, including quantitative analysis, financial markets and products, risk management frameworks and models, and valuation techniques. Through expert‑led instruction, real‑world examples, mock exams, and structured revision, learners gain foundational knowledge and analytical skills that prepare them not only for the FRM exam but also for effective risk‑focused roles in finance, banking and risk management.

Module 1: Introduction to Financial Risk Management

• Overview of FRM Program & Exam Structure
• Role of Risk Managers in Financial Institutions
• Types of Financial Risks: Market, Credit, Operational, Liquidity, ESG
• Risk Management Frameworks and Principles
• Regulatory Environment Overview (Basel III, IFRS 9, Dodd-Frank, etc.)



Module 2: Foundations of Quantitative Analysis

• Time Value of Money, Discounting, Present & Future Values
• Probability Theory & Probability Distributions (Normal, Lognormal, Binomial, Poisson)
• Statistical Measures: Mean, Variance, Standard Deviation, Skewness, Kurtosis
• Correlation and Covariance
• Hypothesis Testing & Confidence Intervals
• Regression Analysis & Linear Models
• Monte Carlo Simulation (Basics)
• Application of Quantitative Methods to Risk Measurement



Module 3: Foundations of Financial Markets and Products

• Overview of Financial Markets: Equity, Debt, FX, Commodities
• Bonds, Interest Rate Instruments, and Yield Curves
• Derivatives: Forwards, Futures, Options, Swaps
• Hedging Strategies Using Derivatives
• Structured Products and Securitization
• Market Microstructure Concepts



Module 4: Foundations of Risk Management

• Risk Management Process: Identification, Measurement, Monitoring, Reporting
• Market Risk: VaR, ES, Parametric and Non-Parametric Approaches
• Credit Risk: Credit Exposure, Credit VaR, Credit Ratings
• Operational Risk: Loss Distribution Approach, Scenario Analysis
• Liquidity Risk: Funding vs. Market Liquidity Risk
• Concentration Risk and Diversification Benefits
• Enterprise Risk Management (ERM) Frameworks
• Stress Testing and Scenario Analysis



Module 5: Foundations of Valuation and Risk Models

• Present Value & Discounted Cash Flows for Valuation
• Fixed Income Pricing & Duration/Convexity
• Option Pricing Models: Black-Scholes, Binomial Trees
• Value at Risk (VaR) Models: Parametric, Historical Simulation, Monte Carlo
• Risk-Adjusted Performance Measures (Sharpe, Sortino, Treynor)
• Credit Risk Models: Probability of Default, Loss Given Default, Exposure at Default
• Correlation and Copula Models in Risk Measurement



Module 6: Foundations of Quantitative Risk Management Tools

• Risk Metrics Calculation: Volatility, Beta, Covariance
• Portfolio Risk: Diversification, Portfolio VaR
• Scenario Analysis & Stress Testing Applications
• Backtesting Risk Models
• Application of Excel, R, or Python for Risk Modeling Exercises



Module 7: Exam Preparation & Mock Tests

• Review of Core Concepts by Domain
• Key Formulas and Quick Reference Sheets
• Practice Questions by Domain
• Full-Length Mock Exam
• Mock Exam Review & Clarifications
• Exam Strategies and Time Management Tips

• No formal academic degree is required; the exam is open to all professionals interested in financial risk management.
• Recommended work experience: GARP suggests at least 2 years of relevant professional experience in finance, risk management, banking, or related fields, but it is not mandatory for Level 1.
• Knowledge of basic finance, statistics, and quantitative methods is strongly recommended to succeed in the exam.
• Familiarity with financial markets, products, and risk concepts is helpful but not required.
• There are no prerequisites in terms of prior certifications or exams for Level 1.

• Risk Managers (all levels)
• Market Risk Specialists
• Credit Risk Specialists
• Operational Risk Analysts / Operational Risk Managers
• Enterprise Risk Managers
• Regulatory Risk Analysts
• Prudential Risk Managers
• Senior Operational Risk Managers
• Corporate Risk Managing Directors (Risk-focused)
• COO & Risk Officers (especially in banking/ALM)
• Risk Quantification Managers
• Large Enterprise Commercial Risk Managers
• Risk Management Analytics professionals

• FRM certification requires passing both Part I and Part II of the FRM exam.
• Part I has 100 multiple-choice questions, covering the tools and concepts of financial risk, with a 4-hour duration.
• Part II has 80 multiple-choice questions, focusing on the application of risk management in real-world scenarios, also 4 hours long.
• The FRM exam is computer-based, offered in May, August, and November each year, and is only in English.
• There is no negative marking for incorrect answers.
• Candidates must submit a minimum of two years of relevant full-time work experience in financial risk management or related fields to earn the FRM designation.
• Membership in GARP is recommended but not required to earn the FRM certification.
• Once exams are passed and work experience is verified, candidates can use the FRM designation after their name.

In an increasingly complex and volatile global financial environment, organizations place a strong emphasis on effective risk management to safeguard assets, ensure regulatory compliance and support sustainable growth. The Financial Risk Manager (FRM®) certification is globally recognized as the gold standard for professionals specializing in financial risk management.

The FRM® certification equips professionals with in-depth knowledge of market risk, credit risk, operational risk, liquidity risk and risk modeling. It prepares candidates to assess, manage and mitigate financial risks across banking, investment management, insurance, fintech and corporate finance sectors.

FRM® certification offers significant career and salary advantages. FRM-certified professionals are highly sought after by financial institutions, consulting firms, and regulatory organizations worldwide.

• 1. FRM-certified professionals typically earn 15–25% higher salaries compared to non-certified peers.
• 2. In the United States, FRM professionals often earn between $95,000 and $135,000+ per year, depending on experience and role.
• 3. Senior roles such as Risk Manager, Credit Risk Analyst, Market Risk Analyst and Chief Risk Officer can command salaries exceeding $150,000 per year.

Beyond financial rewards, FRM® certification enhances your professional credibility, demonstrates expertise in global risk standards and strengthens your ability to make data-driven financial decisions.

By earning FRM® certification, you position yourself as a trusted risk management professional capable of navigating uncertainty and driving financial resilience in today’s dynamic global markets.

He is an experienced CFA and FRM‑certified senior finance professional. He also brings over 10 years of experience as a trainer, guiding professionals in finance and risk management.

By the end of this course, participants will be able to:

• Explain the structure and objectives of the FRM Program and the Level I examination format.
• Understand the role of risk management and the responsibilities of risk professionals within financial institutions.
• Apply quantitative analysis tools including probability, statistics, regression, and simulation for risk measurement and decision support.
• Describe key financial markets and products including equities, fixed income instruments, foreign exchange, derivatives and their risk implications.
• Interpret risk management frameworks covering market, credit, liquidity and operational risk, including risk identification, measurement, monitoring and reporting.
• Demonstrate valuation and risk modelling techniques including discounted cash flows, value at risk (VaR), and option pricing models.
• Use basic risk metrics and tools for portfolio risk, stress testing and scenario analysis.
• Prepare effectively for the FRM Level I exam using practice questions, mock tests and exam strategy techniques to strengthen confidence and performance.