Risk Management: A Helicopter View (FRM Part 1 – Book 1 – Chapter 1)

*AnalystPrep is a GARP-Approved Exam Preparation Provider for FRM Exams*

After completing this reading you should be able to:
- 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.
- Evaluate and apply tools and procedures used to measure and manage risk, including quantitative measures, qualitative assessment, and enterprise risk management.
- 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.
- 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.

[kushal]

Thank you James. The videos are precise and clear. The content is Clear and the examples used are easy to relate.

[sauravpratapsingh]

So nicely explained thanks for vedio people like me who does not have access to resource will be benifit by it keep it up sir
You r doing excellent job

[vuongmyanh]

Thank you for your great lectures. I hope that you will continue uploading videos for FRM part 1 book 4 .

[atulnemlekar]

Thanks a ton! James sirji !! This was quite insightful and easy to understand.

[amitsingh]

Thanx for uploading such useful videos.Pls also sugeest study materials for FRM

[mandar]

Hello James,

Your videos are great! Can you please upload a video for " How to prepare for FRM Exam in 4 months?" for someone who has cleared CFA L1 and has an engineering background.

[rehaankhan]

Hello Sir,

I'm a big fan of you. I love the way you teach.
Sir one of my request is, can I get the pdf copy of your lacture.

Thanks

[ronakkothari]

Would it be a good decision to take frm exam after graduating in 2013 and having no prior experience.
Would it help in getting a good job.

[Tccq-hr]

VaR is interpreted as the minimum expected loss while in FRM it is the maximum loss, so which one is correct?