Hours required for

Reading Number understanding

Foundations of Risk Management 21
1 Risk Management - A Helicopter View 1.5
2 Corporate Risk Management 1
3 Corporate Governance and Risk Management 1.5
4 What is ERM? 1
5 FRBNY Economic Policy Review 1
6 Financial Disasters 2
7 Deciphering the Liquidity and Credit Crunch 1.5
8 Gary Gorton and Andrew Metrick, 2012. 2
9 René Stulz, Risk Management Failures: 1
10 The Standard Capital Asset Pricing Model 1.5
11 Applying the CAPM to Performance Measurement: Single-I 2.5
12 Arbitrage Pricing Theory and Multifactor Models of Risk an 2
13 Principles for Effective Data Aggregation and Risk Reportin 1.5
14 GARP Code of Conduct 1

Quantitative Methods 27.5

15 Probabilities 1.5
16 Basic Statistics 2
17 Distributions 2
18 Bayesian Analysis 1
19 Hypothesis Testing and Confidence Intervals 2
20 Linear Regression with One Regressor 2.5
21 Regression with a Single Regressor: Hypothesis Tests and C 2
22 Linear Regression with Multiple Regressors 2
23 Hypothesis Tests and Confidence Intervals in Multiple Regr 2
24 Modeling and Forecasting Trend 1
25 Modeling and Forecasting Seasonality 1
26 Chracterizing Cycles 2.5
27 Modeling Cycles: MA, AR, and ARMA Models 2
28 Volatility 2
29 Correlation and Copulas 2

Financial Markets and Products 51

30 Banks 1.5
31 Insurance Company and Pension Plans 2.5
32 Mutual Funds and Hedge Funds 2.5
33 Introduction (Options, Futures, and Other Derivatvies) 2.5
34 Mechanics of Futures Markets 2.5
35 Hedging Strategies Using Futures 2
36 Interest Rates 2.5
37 Determination of Forward and Futures Prices 3
38 Interest Rate Futures 2.5
39 Swaps 3
40 Mechanics of Option Markets 2
41 Properties of Stock Options 2.5
42 Trading Strategies Involving Options 3
43 Exotic Options 2
44 Commodity Forwards and Futures 3.5
45 Exchanges, OTC Derivatives, DPCs and SPVs 2
46 Basic Principles of Central Clearing 2
47 Risks Caused by CCPs: Risks Faced by CCPs 1.5
48 Foreign Exchange Risk 2.5
49 Corporate Bonds 2.5
50 Mortgages and Mortgage-Backed Securities 3

Valuation and Risk Models 36

51 Quantifying Volatility in VaR Models 2.5
52 Putting VaR to Work 2
53 Measures of Financial Risk 2
54 Binomial Trees 1.5
55 The Black-Scholes-Merton Model 2.5
56 The Greek Letters 3
57 Prices, Discount Factors, and arbitrage 2
58 Spot, Forward, and Par Rates 2.5
59 Returns, Spreads, and Yields 2.5
60 One-Factor Risk Metrics and Hedges 2.5
61 Multi-Factors Risk Metrics and Hedges 2.5
62 Country Risk Models 1.5
63 External and Internal Ratings 1.5
64 Capital Structure in Banks 1.5
65 Operations Risk 2
66 Governance over Stress Testing 1.5
67 Stress Testing and Other Risk Management Tools 1
68 Principles for Sound Stress Testing Practices and Supervisio 1.5

Last 3 weeks
Revision - 1
Mock Exams 1
Revision - 2
Mock Exams 2
Revision 3
Hours required for Total hours
practicing problems required (2 hours on working days and 6 on weekends) Progress
8.5 29.5
0.5 2 1-Monday
0.5 1.5 1-Tuesday
0.5 2 1-Wednesday
0.5 1.5 1-Thursday
0.5 1.5 1-Friday
0.5 2.5 1-Saturday
0.5 2 1-Saturday
0.5 2.5 1-Saturday
0.5 1.5 1-Sunday
1 2.5 1-Sunday
1 3.5 1-Sunday, 2-Monday
1 3 2-Tues, 2-Wed
0.5 2 2-Wed, 2-Thursday
0.5 1.5 2-Thursday

13 40.5
0.5 2 2 -Friday
1 3 2 - Saturday
1 3 2 - Saturday
0.5 1.5 2 - Sunday
1 3 2 - Sunday
1 3.5 2 - Sunday and 3 - Monday
1 3 3 - Tuesday and 3 - Wednesday
1 3 3 - Wednesday and 3 - Thursday
1 3 3 - Friday and 3 - Saturday
0.5 1.5 3 - Saturday
0.5 1.5 3 - Saturday
1 3.5 3 - Saturday and 3 - Sunday
1 3 3 - Sunday
1 3 3 - Sunday and 4 - Monday
1 3 4 - Tuesday and 4 - Wednesday

23.5 74.5
0.5 2 4 - Wednesday and 4 - Thursday
1 3.5 4 - Thursday and 4 - Friday
1 3.5 4 - Saturday
1 3.5 4 - Saturday
1 3.5 4 - Sunday
1 3 4 - Sunday
1 3.5 5 - Monday and Tuesday
1.5 4.5 5 - Wednesday and Thursday
1.5 4 5 - Friday and Saturday
1.5 4.5 5 - Saturday
1 3 5 - Sunday
1 3.5 5 - Sunday
1.5 4.5 6- Monday and 6 - Tuesday
1.5 3.5 6 - Wednesday and Thursday
1.5 5 6 - Friday and 6- Saturday
1 3 6 - Saturday
1 3 6 - Sunday
0.5 2 6 - Sunday
1 3.5 6 -Sunday and 7- Monday
1 3.5 7- Tuesday and 7 -Wednesday
1.5 4.5 7- Thursday and 7 -Friday

17 53
1 3.5 7 - Saturday
1 3 7 - Saturday
1 3 7- Sunday
0.5 2 7- Sunday
1 3.5 7- Sunday and 8 - Monday
1.5 4.5 8 - Tuesday and Wednesday
1 3 8 - Thursday and Friday
1 3.5 8 - Friday and 8 - Saturday
2 4.5 8 - Saturday
1.5 4 8 - Sunday
1.5 4 8 - Sunday and 9 - Monday
0.5 2 9 - Tuesday
0.5 2 9 - Wednesday
0.5 2 9 - Thursday
1 3 9 - Friday and Saturday
0.5 2 9 - Saturday
0.5 1.5 9 - Saturday
0.5 2 9 - Sunday