Course Description

The eFRM Coach Complete course is a comprehensive online study guide for the Financial Risk Manager (FRM) exam. These online tutorials are based on the FRM exam structure and the latest learning outcome statements. They possess every formula, definition, concept and application for all subjects covered in the exam. While the interactive study modules foster benchmarking and self-assessment against other candidates, the mock exams are modeled on the same lines as the final exam.

Course Outline

  • Overview of Risk Management
  • Classification of Risks
  • Capital Allocation
  • CAPM and Multifactor Models
  • Case Study: Metallgesellschaft
  • Case Study: Sumitomo
  • Case Study: LTCM
  • Case Study: Barings Bank
  • Time Value of Money
  • Descriptive Statistics
  • Probability Distribution
  • Fundamentals of Statistics I
  • Fundamentals of Statistics II
  • Forecasting Correlation and Volatility
  • Extreme Value Theory: Basic Principles
  • Monte Carlo Methods
  • Derivative Markets and Instruments
  • The Futures Market
  • Fixed Income Derivatives
  • Valuing Futures and Forwards
  • Swaps
  • Options
  • Bond Markets
  • Corporate Bonds
  • Currency Risk and Currency Markets
  • Commodity Risk and Commodity Markets
  • Value-at-Risk
  • VaR Methods
  • Yield Measures
  • Yield Curve Analysis
  • Bond Pricing
  • Bond Price Volatility
  • Principles of Options Pricing
  • Stress Testing
  • Overview of Credit Risk
  • Rating Agencies and Their Grades
  • Transition Matrix and Correlated Migration
  • Volatility Smile and Volatility Term Structure
  • Exotic Options
  • Duration and Convexity of Fixed Income Securities
  • Key Rate and Bucket Exposures
  • The Science of Term Structure Models
  • Mortgage-Backed Securities
  • Pre-payment Models
  • Mortgage-Backed Securities: Structures
  • Backtesting VaR
  • VaR Mapping
  • Extreme Value Theory
  • An Overview of Mortgages and the Mortgage Market
  • Valuation of Mortgage-Backed Securities
  • Counterparty Risks
  • Credit Risk Transfer
  • Credit Derivatives
  • The Structuring Process
  • Securitization
  • Collateralized Debt Obligations
  • Overview of Credit Risk
  • Default Risk
  • Loss Given Default
  • Approaches to Measuring Credit Risk
  • Actuarial Approach and Credit Risk
  • Contingent Claim Approach and the KMV Model
  • Credit Migration, Transition Matrices and Credit Metrics
  • McKinsey Credit Portfolio View
  • Credit Risk Mitigation: Netting
  • Credit Risk Mitigation: Margin and Collateral Requirements
  • Risk Capital
  • Estimating Liquidity Risk
  • Model Risk
  • Aligning Basel II Operational Risk and Sarbanes: Oxley 404
  • Risk and Capital Adequacy
  • Enterprise Risk Management
  • Loss Distribution Approach
  • Principles for Sound Liquidity Risk Management and Supervision
  • Basel II: An Overview
  • Basel II: Risks and Measurement
  • Basel's Supervisory Guidance for Fair Value Practices
  • Guidelines for Computing Incremental Risk Charge
  • Basel II: Market Risk Amendment
  • Risk Budgeting and Setting Risk Limits
  • Hedge Fund Risk Management: I
  • Hedge Fund Risk Management: II
  • Pension Fund Risk Management
  • eFRM Level I Exam
  • eFRM Level II Exam


Participants will have 12 months to complete this course.


System Requirements:

Operating System Requirements:

  • Windows Vista, 7, 8, 8.1, 9, 10
  • Mac OSX 10 or higher.
  • OpenSUSE Linux 9.2 or higher.

Web Browser Requirements:

  • Google Chrome is recommended.
  • Firefox 13.x or greater.
  • Internet Explorer 6.x or greater.
  • Safari 3.2.2 or greater.

Software Requirements:

  • Adobe Flash Player 6 or greater.
  • Oracle Java 7 or greater.
  • Adobe Reader 7 or greater.

Web Browser Settings:

  • Accept cookies.
  • Disable pop-up blocker.

Enroll Now - Select a section to enroll in

Section Title
Financial Risk Manager (FRM) Exam Prep (Online)
Jul 01, 2020 to Jun 30, 2021
Contact Hours
Delivery Options
Course Fee(s)
Course Fee non-credit $450.00