Kaplan Financial | Financial Market | FRM (Financial Risk Manager)

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About FRM
Course Structure
Education
Revision
Mock
eLearning

We believe that the learning process is sequential. Learning focus and strategies should move through specific phases as you learn. Our three-phase, expert-developed system is used by FRM candidates across the globe each year. We build up the momentum that will take you through each stage briskly and confidently.

Three-Phase Study

Education Program (eLearning also available)

This phase is designed to help candidates to build up strong knowledge base, understand the key concepts needed for the exam, receive an up-to-date curriculum, and attain knowledge on the new areas. This phase lays the foundation of a comprehensive study.

Revision Course

This phase is designed to put your knowledge into practice. Get hands-on experience with intensive “drill and practice” exercises, reinforce question answering ability and develop strategy and techniques. Useful recap of important and demanding concepts will be provided. This phase is a “booster shot” for your skills, propelling you to peak performance.

Mock Exam and Review

The last phase is designed to gauge your performance with exam-standard questions, under timed condition. Mock Review Session reviews the questions in detail and highlights the examination preparation techniques which are essential to succeed on the real examination.

Comprehensive training for exam success!

What you should know about Full Package

Enroll in the full package to maximize effectiveness and take advantage of lower package prices

Enroll on or before Dec 20, 2012 (Jan 15, 2013 for Part II) to enjoy premier price

Enroll on or before Jan 10, 2013 (Jan 31, 2013 for Part II) to enjoy early bird prices

Part I Full Package (Campus Program only) has been included in the list of CEF reimbursable programmes

Enjoy Pass Guarantee

What you get

Duration

Part I	39 hours
Part II	36 hours

Teaching Language

Cantonese

Start Date

Part I	Jan 20
Part II	Feb 16

Key features

Focus on understanding the key knowledge needed for the exam

Full slide packs covering the vast majority of GARP’s AIMS

Study sessions move from the basic elements up to more advanced topics

Text slides, tables and diagrams illustrate difficult and important concepts

Worked examples of all challenging calculations with full explanations

Schweser Study Notes* (HK$1,500 value)

Part I receive 8 hours of pre-course instruction

New! Now comes with Online Catch Up Videos^. Review the entire lecture at the convenience of your home!

*Limit to one set per person. Multiple-phase enrollees will receive one set only.
^Only applies to students who enrolled FRM Part 1 Full Package Campus or Education lectures

Learning outcomes

Make sense of each topic and build a solid foundation for the next phase

Identify key areas critical to success

What else should you know?

Enroll on or before Dec 20, 2012 (Jan 15, 2013 for Part II) to enjoy premier prices

Enroll on or before Jan 10, 2013 (Jan 31, 2013 for Part II) to enjoy early bird prices

Majority of candidates choose to attend the Full package (Phase 1, 2 and 3 combined) to maximize effectiveness and take advantage of lower package prices

Book video to catch up on missed lectures

Optional upgrade to Schweser Essential Package with student discount

Part I course, combined with Phase 2 and 3 (Campus Program), has been included in the list of CEF reimbursable programmes

What you get

Duration

18 hours

Teaching Language

Cantonese

Start Date

Part I	Apr 7
Part II	Apr 4

Key features

Focus on applying knowledge to exam-standard questions

Development of exam strategy and technique

Overview of each session and detailed revision of the more demanding topics

Question debriefs, including coverage of past examination questions

Mind Map subject overview slides

Revision Question Booklet with thousands of practice questions

Learning outcomes

Develop good exam strategy

Enhance time management and problem solving ability

What else should you know?

Enroll on or before Dec 20, 2012 (Jan 15, 2013 for Part II) to enjoy premier prices

Enroll on or before Mar 5, 2013 to enjoy early bird prices

Majority of candidates choose to attend the Full package (Phase 1, 2 and 3 combined) to maximize effectiveness and take advantage of lower package prices

Part I course, combined with Phase 1 and 3 (Campus Program), has been included in the list of CEF reimbursable programmes

What you get

Duration

2 hours (mock exam)

2 hours (mock exam review)

Teaching Language

Cantonese

Mock Exam Date

Part I	Apr 28
Part II	Apr 20

Mock Review Date

Part I	May 3
Part II	Apr 26

Key features

Practice taking the exam under proctored, timed conditions

Become comfortable with exam timing and techniques

Receive a detailed score analysis

Highlight weak areas to fine tune your strategy

Learning outcomes

Gauge performance in the weeks preceding the real exam

Build up confidence and skills under timed conditions

What else should you know?

Enroll on or before Dec 20, 2012 (Jan 15, 2013 for Part II) to enjoy premier prices

Enroll on or before Mar 5, 2013 to enjoy early bird prices

Majority of candidates choose to attend the Full package (Phase 1, 2 and 3 combined) to maximize effectiveness and take advantage of lower package prices

Part I course, combined with Phase 1 and 2 (Campus Program), has been included in the list of CEF reimbursable programmes

What you get

Duration

Part I	39 hours
Part II	36 hours

Teaching Language

Cantonese

Key features

Focus on understanding and key knowledge needed for the exam

Full slide packs covering the vast majority of GARP’s AIMS

Study sessions move from the basic elements up to more advanced topics

Text slides, tables and diagrams illustrate difficult and important concepts

Worked examples of all challenging calculations with full explanations

Schweser Study Notes* (HK$1,500 value)

Part I receive 8 hours of pre-course instruction

Interact with other learners on the discussion forum

*Limit to one set per person. Multiple-phase enrollees will receive one set only.

Learning outcomes

Make sense of each topic and build a solid foundation for the next phase

Identify key areas critical to success

What else should you know?

Enroll on or before the designated deadlines to enjoy early bird prices

Majority of candidates choose to attend both the classroom-based Revision Course and Mock Exam to maximize effectiveness and take advantage of lower eLearning Full Package price:

Enroll on or before Jan 15, 2013 to enjoy premier prices
Enroll on or before Feb 5, 2013 to enjoy early bird prices

Video sessions will be time-released. Please refer to brochure for release dates

Optional upgrade to Schweser Essential Package with student discount

Automatically receive a special discount off the retail price of the Final Review Pack

Please check system requirements

Watch Demo video to test your computer!

Please refer to the back of enrollment form for subscription procedures

Part I Sample Clip

Kenneth is a well known face in Kaplan as he teaches a range of financial qualifications and courses, including CFA and FRM. With extensive industry and teaching experience and academic achievement, students learn both the academic theories and current market practices in Kenneth’s classes.

Kenneth has more than 10 year's experience in the finance industry, mainly focusing on risk management functions for commercial banks. Currently working as the Market Risk Head in the Risk Management Department of a commercial bank, he is devoted to analyzing, measuring and managing market risks of various financial products, including equities, fixed incomes, foreign exchanges, funds and derivatives. During his last employment as the Head of Quantitative Analysis Team in the Risk Management Department of another commercial bank, he provided quantitative analysis supports to market, credit and operational risk management functions, and verified valuations of various financial products and risks figures. Previously he also worked in the underwriting unit of an insurance corporation to analyze and manage credit risk of global companies.

Kenneth is an achiever who continually enhances his academic knowledge and industry recognition, while pursuing his career in the finance industry.

Following his completion of an Economics degree, he sequentially obtained a BSc in Mathematics, MSc in Financial Engineering, Master of Statistics, MSc in Computing and MSc in Risk Management Science (with distinctions in all courses); as well as qualifying with CFA, FRM, ACCA and FCCA.

Previously, Kenneth had other teaching experience at local universities.

Our research shows that one of the common reasons for failing the exam is poorly managed study time. Fitting your studies around both your work and social life is difficult, but we provide flexibility. You will not miss a lecture!

Catch Up Video Service
Watch recorded lectures of Education Program in our media lab
	Service is only available to enrollees of Part I or Part II classroom-based Education Program

Library Facility
Collection of finance and business books

Coffee Bar

* Please contact our customer service officers at 2526 3686 to know more about our services.

"The teaching materials are excellent. It is well organized and easy to understand.”

Patrick Ng

"I knew very little about market risk and operational risk before the course. Kenneth provided very concise and informative lectures which helped my understanding in these areas.”

Christina Chow

"Thanks to Kenneth's training. I gained more than I expected from attending his classes. It was great experience learning from him. With my best effort, I passed the exam in one go. Thanks again.”

K.C. Li

"The mock exam and the detailed explanation help me a lot. I am glad that I pass the exam."

C. H. Ng

"Thanks Kenneth for his detailed instruction and his prompt reply for my questions through email."

K. C. Wong

Schweser Study Program

Ideal for self-directed individuals, Schweser Study Program provides focus and structure to your study plan. Our innovative study tools and materials are designed to work in combination with each other to:
	Make your prep-time more productive
	Study where and when you want
	Help you understand difficult material
	Provide you with the direction and motivation to succeed

Save with our study packages

	PremiumPlus™ Package	Premium Instruction Package	Essential Self-Study Package
Final Review Pack		n/a	n/a
8-Week Online Class			n/a
Schweser Study Notes
Practice Exam Book
SchweserPro™ QBank (Online version)
Schweser’s QuickSheet™
InstructorLink™	full access	full access	partial access

Individual study components

Schweser Study Notes with Schweser’s QuickSheet™

Final Review Pack

Online product or paper product that contains online features. Online access expires on May 2013 exam day. A new version of products is released every year as the FRM syllabus changes. Shared use is strictly prohibited. Please check system requirements before ordering.

How to order?

Products will be time-released according to this global schedule (subject to change without notice).
Pre-Orders		Pre-Orders are strongly recommended.
		Return order form with credit card information by fax to +852 2501 0589 or mail. Order form can be download from the "Enrollment Form" section on the right menu .
		Collect: Receive original receipt within one week. Present receipt at our Admiralty Campus. If a third party will collect on your behalf, they must present the original receipt along with your written authorization.
		If your ordered item has not been released or is temporary out of stock, we will send you an email once it becomes available for collection.
Walk-in		Only available at our Admiralty Campus.
		Popular products may sell out quickly and temporarily out of stock. Please call our Customer Service Hotline at +852 2526 3686 for stock availability.

Schweser PassProtection™ Discounts

Based on a qualifying product purchase by a repeating customer in the previous year.

May 2012 or November 2012 Past Customers	2013 Purchase
Purchased either: PremiumPlus™ Package OR Premium Instruction Package	50% off: PremiumPlus™ OR Premium Instruction Package
Purchased: Essential Self-Study Package	30% off: PremiumPlus™ OR Premium Instruction Package

Based on a qualifying product purchase by a repeating customer in the previous year.

Must attach with order form:

2012 receipt from a Schweser authorized source as proof of previous year purchase for same level
2012 exam fail notice for same level, in the same exam sitting
2013 exam registration notice for the same level
1-3 above must show the same name

What is FRM®?

The Financial Risk Manager (FRM) is the certification recognized among financial risk professionals worldwide, with over 26,000 FRM holders in over 90 countries across the globe. This qualification is administered and awarded by the Global Association of Risk Professionals.

Why FRM?

Financial risk management is one of the hottest skill sets to have in the financial services industry today that offers excellent visibility and outstanding earnings potential. The profession has seen considerable growth over the past 15 years fueled by the complexity of financial products, increased regulation and recent notable failures.

Like other careers in finance, having an advanced degree and certification helps to increase your career potential in financial risk management. FRM holders have positions such as Chief Risk Officer, Senior Risk Analyst, Head of Operational Risk, and Director, Investment Risk Management, to name a few. If you are in financial risk management, or considering a career in it, then earning your FRM is the next natural step.

Who should take the FRM Exam?

The following recommendations describe who should take the FRM Exam, given their current career path:

A financial risk professional with work experience in risk management or related field including auditing, trading, portfolio management, academic/industry research, risk consulting and/ or risk technology.
An individual with a sufficient amount of work experience in a business field other than risk management, but is interested in switching career paths to risk management. Examples of financial risk management positions include credit risk officer, credit insurance officer, risk analyst, risk manager, compliance officer or compliance manager.

The Examinations

	2 levels - must be taken in order and each passed to proceed to next level
	Part I - 100 multiple-choice questions (4 hours)
	Part II - 80 multiple-choice questions (4 hours)

Exam Entrance Requirements

There is no special entrance requirement for taking the FRM Exam. However, the exam is highly technical and you should have sound numeric ability. If you do not have an academic background in business or if you have been out of school for many years and cannot recall much from your undergraduate days, it would be beneficial to gain (or regain) some basic accounting, economic, and financial background to begin your studies.

FRM Certification Requirements

	Passing both Part I and part II exam
	A minimum of two years work experience in the area of financial risk management or another related field including, but not limited to, trading, portfolio management, academic or industry research, economics, auditing, risk consulting, and/or risk technology.
	Hold active membership with GARP

What does the FRM Exam cover?

Part I:
	Foundations of risk management
	Quantitative analysis
	Financial markets and products
	Valuation and risk models

Part II:
	Market risk measurement and management
	Credit risk measurement and management
	Operational and integrated risk management
	Risk management in investment management
	Current issues in financial markets

Exam Passrates and Difficulty

	Part I: 46.7% (Nov 2012 exam), 47.3% (May 2012 exam), 46.6%(Nov 2011 exam)
	Part II: 56.0% (Nov 2012 exam), 61.1% (May 2012 exam), 57%(Nov 2011 exam)
	GARP recommends minimum of 200 hours of study time for each part of the exam
	Your time commitment is critical to success. Kaplan FRM courses will enhance understanding of the material, but your commitment to out-of-classroom study is essential

Contact GARP

Web: www.garp.org
Email: frm@garp.com
Phone: +1 201 719 7210

All information provided above is provided for information purposes only. Although every reasonable effort is made to present current and accurate information at the time of publication, Kaplan Financial does not assume any responsibility whatsoever for its accuracy and any future changes set forth by GARP. In the event of discrepancy, the official information from GARP shall prevail.