FRM Part 1 November 2016 Study Plan

Topic Area

Week Week Week

1
Start > 23-Jul
End > 30-Jul

Quantitativ e Analysis (20%)

Discrete and continuous probability distributions
Estimating the parameters of distributions
Population and sample statistics
Bayesian analysis
Statistical inference and hypothesis testing
Correlations and copulas
Estimating correlation and volatility using EWMA and GARCH models
Volatility term structures
Linear regression with single and multiple regressors
Time series analysis
Simulation methods
F inancial Markets and Products (30%)
Structure and mechanics of OTC and exchange markets
Structure, mechanics, and valuation of forwards, futures, swaps, and options
Hedging with derivatives
Interest rates and measures of interest rate sensitivity
Foreign exchange risk
Corporate bonds
Mortgage-backed securities
Rating agencies

Continued on next page

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2
30-Jul
6-Aug

Week

Week

Week

Week

6-Aug 13-Aug 20-Aug 27-Aug

13-Aug 20-Aug 27-Aug 3-Sep

3-Sep
10-Sep

FRM Part 1 November 2016 Study Plan

Topic Area

Week Week
8

Week
10

Start > 10-Sep 17-Sep 24-Sep

End > 17-Sep 24-Sep 1-Oct

Week

Week

Week

Week

11

12

13

14

1-Oct
8-Oct

8-Oct
15-Oct

15-Oct
22-Oct

22-Oct
12-Nov

Valuation and Risk Mod e ls ( 30%)

Value-at-Risk (VaR)
Expected shortfall (ES)
Stress testing and scenario analysis
Option valuation
Fixed income valuation
Hedging
Country and sovereign risk models and management
External and internal credit ratings
Expected and unexpected losses
Operational risk
F ound ations of Risk Manag e me nt ( 20%)
Basic risk types, measurement and management tools
The role of risk management in corporate governance
Enterprise Risk Management (ERM)
Financial disasters and risk management failures
The Capital Asset Pricing Model (CAPM)
Risk-adjusted performance measurement
Multi-factor models
Information risk and data quality management
Ethics and the GARP Code of Conduct
Re v ie w
Full-length Practice Exam

22-Oct

Full-length
Practice
Exam
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29 -Oct

Full-length Practice Exam

5-No v

Full-length Practice Exam

12-No v

LEARN. PRACTICE. PLAY. CONQUER