eFRM Coach: Credit Risk Measurement and Management - Online

Drawing on proprietary risk management resources, eFRM Coach is designed to be a comprehensive online tutorial for the Financial Risk Manager (FRM®) Exam. The Exam is conducted by the Global Association of Risk Professionals (GARPTM).

The eFRM Coach provides a framework to structured exam preparation. It comprehensively addresses all subject areas featuring in the exam. The interactive study modules provided in the coach foster benchmarking and self-assessment against other candidates and the mock exams are modeled on the same lines as the final exam.

This is an asynchronous eLearning course that can be accessed 24/7 from any internet enabled computer.

Available TodayOnlineUSD$150
Instructional Method:
Self-Study
Level: Intermediate

Those interested in sitting for the Financial Risk Manager (FRM®) Exam.
  • eFRM Coach: Quantitative Analysis - Online
  • eFRM Coach: Market Risk Measurement and Management - Online
  • eFRM Coach: Operational and Integrated Risk Management, Legal, Accounting and Ethics - Online
  • eFRM Coach: Risk Management and Investment Management - Online
    • Introduction to Credit Risk
    • Credit risk and its sources
    • Settlement risk
    • Managing settlement risk
    • Pre-settlement risk
    • Measuring pre-settlement risk
    • Measuring credit risk

    Default Risk

    • Credit risk and its sources
    • Settlement risk
    • Managing settlement risk
    • Pre-settlement risk
    • Measuring pre-settlement risk
    • Measuring credit risk

    Credit Exposure

    • How credit risk arises in derivative products
    • Credit risk in Swaps
    • Credit risk in FRA's
    • Credit risk in Options

    Credit Ratings and Migration

    • Credit ratings issued by major rating agencies
    • Transition probabilities
    • Predicting default probabilities
    • Assessing sovereign rating

    Netting

    • Concept of Netting
    • Need for netting arrangements
    • Various types of netting arrangements
    • Regulatory requirements
    • Capital treatment

    Margin and Collateral Requirements

    • Margin account
    • Terminology
    • Collateral requirement
    • Haircut

    Portfolio Credit Risk

    • Portfolio theories
    • Traditional Vs. modern credit management approach
    • Credit risk management tools

    Credit Derivatives

    • Credit derivatives
    • Various credit derivative instruments
    • Pricing and hedging

    Conceptual Approaches to Credit Risk Modeling

    • Applications and hurdles in credit risk models
    • Distribution of credit losses
    • Credit VaR
    • Conditional Vs. Unconditional models
    • Approaches to credit risk aggregation
    • Correlation between credit events

    Actuarial Approach and Credit Risk+

    • Credit Risk + model
    • The process the model uses
    • Its applications

    Contingent Claim Approach and the KMV Model

    • KMV Credit Monitor
    • Calculating distance-to-default
    • Expected default frequency
    • Advantages and weaknesses of KMV
    • Merton model

    Credit Migration, Transition Matrices and Credit Metrics

    • Credit Metrics
    • Process followed to evaluate credit risk
    • Applications

    McKinsey's Credit Portfolio View

    • McKinsey's Credit Portfolio View
    • Default prediction model
    • Conditional transition matrix

    Special Purpose Vehicles

    • Special purpose vehicles
    • Types
    • Uses and misuses
    • Risk finance and SPV

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