FRM Part 1 - Chapter 1 - Risk Management - A Helicopter View

Make yourself familiar with the basics of Financial Risk Management.

This course will help you to learn the basic concepts of Financial Risk Management. This course will also help you to prepare for the FRM exam.

By the end of the course you will get a decent enough idea of:
Basic concept of Risk
The Risk Management Process
Risk Measurement Approaches
Job of the Risk Manager
and Types of Risks



What you’ll learn
Explain the concept of risk and compare risk management with risk taking
Describe the risk management process and identify problems and challenges that can arise in the risk management process.
Distinguish between expected loss and unexpected loss, and provide examples of each.
Interpret the relationship between risk and reward and explain how conflicts of interest can impact risk management.
Understand the various steps in the Risk Management process
Briefly explore the functionalities of a Risk Manager's job
Evaluate and apply tools and procedures used to measure and manage risk, including quantitative measures and qualitative assessment
Describe and differentiate between the key classes of risks, explain how each type of risk can arise, and assess the potential impact of each type of risk on an organization.