The Financial Risk Manager (FRM®) designation is the
most globally respected and widely recognized certification for financial risk management. The FRM Program
ensures that Certified FRMs have mastered the necessary skills and knowledge to succeed in today’s rapidly
changing global financial industry. To achieve the status
of Certified FRM, candidates must pass a rigorous twopart, practice-oriented examination and have 2 years of
qualified work experience.
FRM PART I EXAM
There are currently more than 21,000 Certified FRMs practicing in over 90
countries around the world. The top 10 employers of Certified FRMs include:
HSBC, Citi Bank, KPMG, Deloitte, Deutsche Bank, Agricultural Banks of
China, Ernst & Young, Bank of China and Samsung.
REGISTRATION
IAB Centre will be assisting candidates to register for the FRM Part I exams.
Call IAB Centre to book your registration day. There are no educational or
professional prerequisites, you will just need to have 650 USD on your card.
Type
Registration period
Enrolment
fee (USD)
Part I Exam
fee* (USD)
Early
May 1 - July 31,2014
August 1 - August 31,
2014
September 1-October 15,
2014
300
350
300
475
300
650
Standard
Late
*When you enroll for the FRM exam, you will get 1 year complimentary GARP
Individual Membership, which usually costs 195 USD.
EXAM
Duration
Questions
Dates
FRM Part 1
4 hours
100
15 November, 2014
16 May, 2014
FRM Part 2
4 hours
80
15 November, 2014
16 May, 2014
SCHOLARSHIP PROGRAM
GARP offers a scholarship program for qualified applicants. Scholarships cover the cost of the Exam Registration Fee for the FRM Exam Part I only and the
awarded scholarships are based on merit and the final decision is at the sole
discretion of GARP. Call IAB Centre for more information.
CAREER BENEFITS
The FRM certification, as the globally recognized professional designation for
financial risk managers, clearly differentiates you from your peers, providing
you with a competitive advantage with colleagues, clients and prospective employers. Whether you manage risk, money, or investments, achieving the FRM
certification is a career enhancer.
STAND OUT TO EMPLOYERS
Employers around the world realize that the FRM Program prepares candidates with the specialized knowledge and skills necessary to succeed in the
dynamic financial services industry. The FRM designation is by far the best
known and most respected designation for financial risk, with all of the top 25
global banks having a significant presence of Certified FRMs.
FRM PART I EXAM PREPARATION COURSES
FRM Exam
Part I
FRM Exam
Part II
2 years of
experience
STRUCTURE AND CONTENT
Part I of the FRM exam covers the fundamental tools and techniques used in
Risk Management and the theories that underlie their use. Specific areas of
coverage and their weighting in the FRM Exam Part I are:
Foundations of Risk Management (20%)
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Corporate risk governance, tradeoff between risk and return,
Construction of efficient portfolios
Fundamental asset pricing models
Enterprise risk management framework
Data quality management
Review of major financial disasters
Ethics and GARP Code of Conduct
Quantitative Analysis (20%)
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Monte Carlo methods
Volatility forecasting models
Value-at-Risk estimation
Financial Markets and Products (30%)
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Futures and forwards
Equity options, swaps and other derivatives
Commodities and currencies
Corporate bonds and interest rates
Arbitrage arguments and hedging
Valuation and Risk Models (30%)
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Basic bond valuation and bond hedging
Valuation using binomial trees
An understanding of the Black-Scholes-Merton model
Value-at-Risk (VaR)
Expected and unexpected loss estimation
Stress testing
The need for employees with the skills and abilities to measure and
manage financial risk is significantly growing in Armenia and so for the
first time IAB Centre has established a globally recognized FRM
(Financial Risk Managers) exam preparation course.
Our FRM Part I exam preparation course consists of 60 hours instructor led
classroom study with on-line support. During this stage of learning all difficult
knowledge areas are covered through an interactive learning approach.
Although the course materials concentrate on the key parts of the syllabus, we
aim to ensure that our students finish up appreciating the big-picture concepts.
FRM Part I exam revision course reviews core concepts, provides exam tips
and techniques and solutions to main types of questions. It is held as an intensive 2 day (10 hour) course.
The FRM Part I exam preparation
course fee is 360,000AMD, and it
includes:
The FRM Part I exam revision
course fee is 120,000AMD, and it
includes:
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VAT
Consultation fee
E-learning
All training materials
Coffee breaks
Revision session
Revision materials
Mock tests
Mock results discussion
VAT
Revision materials
Mock tests
Mock results discussion
FOR MORE DETAILED INFORMATION CONTACT
IAB CENTRE
2A Agatangeghos Str.
Yerevan, 0023 Armenia
www.iabcentre.com
E-mail: garp@iabcentre.com
Tel: +374 10 542311
Mob: + 374 55 542311