FRM Part II Exam Topics
Market Risk Measurement and Management
20%
- •VaR, Expected Shortfall, backtesting, and Extreme Value Theory
- •Correlations, copulas, and dependence modeling
- •Term structure and volatility models
- •Fundamental Review of the Trading Book (FRTB)
Credit Risk Measurement and Management
20%
- •Credit analysis and default modeling
- •Expected and unexpected losses
- •Credit VaR, counterparty risk, and credit derivatives
- •Structured finance and securitization
Operational Risk and Resilience
20%
- •Operational risk governance frameworks
- •Risk identification, measurement, and mitigation
- •Cyber-resilience, fraud, and third-party outsourcing risks
- •Stress testing, RAROC, economic capital, and Basel regulations
Liquidity and Treasury Risk Measurement and Management
15%
- •Liquidity risk principles, metrics, and monitoring
- •Cash-flow modeling, liquidity stress testing, and contingency planning
- •Funds transfer pricing and balance sheet management
- •Asset liquidity and cross-currency funding
Risk Management and Investment Management
15%
- •Factor theory and portfolio construction
- •Portfolio risk measures, risk budgeting, and monitoring
- •Hedge fund strategies and performance analysis
Current Issues in Financial Markets
10%
- •2023 bank failures and systemic lessons
- •Artificial intelligence in risk management
- •Inflation and interest rate risks
- •Private credit and rising government debt
- •Cryptocurrency regulation and digital resilience
What You'll Master
Market Risk
Master VaR, Expected Shortfall, backtesting, and Extreme Value Theory. Learn correlations, copulas, and dependence modeling for comprehensive market risk assessment.
Credit Risk
Advanced credit analysis, default modeling, and loss calculations. Explore credit VaR, counterparty risk, and structured finance instruments.
Operational Risk
Comprehensive operational risk governance, cyber-resilience strategies, and third-party risk management. Understand Basel regulations and economic capital.
Liquidity Risk
Liquidity risk principles, cash-flow modeling, and stress testing. Master funds transfer pricing and cross-currency funding strategies.
Investment Risk
Factor theory, portfolio construction, and risk budgeting. Analyze hedge fund strategies and performance measurement techniques.
Current Issues
2023 bank failures analysis, AI in risk management, inflation risks, private credit trends, and cryptocurrency regulation frameworks.
Who Should Enroll?
FRM Part I Passers
Candidates who have passed FRM Part I and are ready to complete their certification journey.
Risk Professionals
Risk, finance, and investment professionals seeking senior roles in financial institutions.
Regulators
Regulatory professionals aiming for global recognition in risk management expertise.
Consultants
Consulting professionals looking to enhance their risk management credentials.
Asset Managers
Asset management professionals seeking to advance their risk management capabilities.
Why Train With SustainaRisk Analytics?
Expert Instructors
Delivered by FRM-certified professionals and academics with deep industry experience.
Applied Learning
Global case studies from banks, insurers, and regulators for real-world application.
Exam-Ready Prep
Focused study notes, practice problems, and mock exams to ensure exam success.
Flexible Learning
Online, in-person, and blended delivery options to fit your schedule.
Career Guidance
Mentorship on leveraging FRM skills in practice and advancing your career.
Your Outcome
Exam Success
Be fully prepared to pass the FRM Part II exam with confidence.
Advanced Tools Mastery
Master advanced tools in market, credit, operational, liquidity, and investment risk.
Career Advancement
Be positioned for senior opportunities in banking, asset management, and regulatory roles.