Condensed Note of FRM Part 2: Operational Risk 2023

Description

In this course, we have condensed the content from the GARP book "Operational Risk and Resiliency" of FRM Part 2 exam. It is our target to let those candidates who have not started studying can pick up all necessary concepts needed for the exam within a short time frame (and a reasonable price), with the subsequent aid of exam bank. Candidates who have a brief understanding are also welcomed to check if there is anything missing from your previous study.

Note that we currently do not have intention to provide videos for explaining the concepts since we believe practices are more efficient in reinforcing your knowledge. Having said that, if there are large demands on videos for certain topics, we would like to create.

The course includes the following topics for ORR section of FRM Part 2 exam (2023):

1. Introduction to Operational Risk and Resilience

2. Risk Governance

3. Risk Identification

4. Risk Measurement and Assessment

5. Risk Mitigation

6. Risk Reporting

7. Integrated Risk Management

8. Cyber-Resilience: Range of Practices

9. Case Study: Cyberthreats and Information Security Risks

10. Sound Management of Risk Related to Money Laundering and Financing of Terrorism

11. Case Study: Financial Crime and Fraud

12. Guidance on Managing Outsourcing Risk

13. Case Study: Third-Party Risk Management

14. Case Study: Investor Protection and Compliance Risks in Investment Activities

15. Supervisory Guidance on Model Risk Management

16. Case Study: Model Risk and Model Validation

17. Stress Testing Banks

18. Risk Capital Attribution and Risk-Adjusted Performance Measurement

19. Range of Practices and Issues in Economic Capital Frameworks

20. Capital Planning at Large Bank Holding Companies: Supervisory Expectations and Range of Current Practice

21. Capital Regulation Before the Global Financial Crisis

22. Solvency, Liquidity, and Other Regulation After the Global Financial Crisis

23. High-Level Summary of Basel III Reforms

24. Basel III: Finalising Post-Crisis Reforms

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