Condensed Note of FRM Part 2: Operational Risk 2023

A quick understanding and review of all important concepts for FRM part 2 exam.

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Description

In this course, we have condensed the content from the GARP book "Operational Risk and Resiliency" of FRM Part 2 exam. It is our target to let those candidates who have not started studying can pick up all necessary concepts needed for the exam within a short time frame (and a reasonable price), with the subsequent aid of exam bank. Candidates who have a brief understanding are also welcomed to check if there is anything missing from your previous study.

Note that we currently do not have intention to provide videos for explaining the concepts since we believe practices are more efficient in reinforcing your knowledge. Having said that, if there are large demands on videos for certain topics, we would like to create.

The course includes the following topics for ORR section of FRM Part 2 exam (2023):

  1. Introduction to Operational Risk and Resilience

  2. Risk Governance

  3. Risk Identification

  4. Risk Measurement and Assessment

  5. Risk Mitigation

  6. Risk Reporting

  7. Integrated Risk Management

  8. Cyber-Resilience: Range of Practices

  9. Case Study: Cyberthreats and Information Security Risks

  10. Sound Management of Risk Related to Money Laundering and Financing of Terrorism

  11. Case Study: Financial Crime and Fraud

  12. Guidance on Managing Outsourcing Risk

  13. Case Study: Third-Party Risk Management

  14. Case Study: Investor Protection and Compliance Risks in Investment Activities

  15. Supervisory Guidance on Model Risk Management

  16. Case Study: Model Risk and Model Validation

  17. Stress Testing Banks

  18. Risk Capital Attribution and Risk-Adjusted Performance Measurement

  19. Range of Practices and Issues in Economic Capital Frameworks

  20. Capital Planning at Large Bank Holding Companies: Supervisory Expectations and Range of Current Practice

  21. Capital Regulation Before the Global Financial Crisis

  22. Solvency, Liquidity, and Other Regulation After the Global Financial Crisis

  23. High-Level Summary of Basel III Reforms

  24. Basel III: Finalising Post-Crisis Reforms

What You Will Learn!

  • Understand what are included in the FRM section of FRM Part 2
  • Have a condensed summary of key concepts
  • Act as a chance for candidates to find out any knowledge missing
  • Reinforce the concepts by using examples

Who Should Attend!

  • Candidates who want to understand or review the section Operational Risk and Resiliency (ORR) of FRM Part 2