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| Name | The Building Blocks of Risk Management (FRM Part 1 2023 – Book 1 – Chapter 1) |
| Video Uploader | Video From AnalystPrep |
| Upload Date | This Video Uploaded At 11-02-2020 20:38:20 |
| Video Discription | For FRM (Part I & Part II) video lessons, study notes, question banks, mock exams, and formula sheets covering all chapters of the FRM syllabus, click on the following link: https://analystprep.com/shop/unlimited-package-for-frm-part-i-part-ii/ *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 elements, or building blocks, of 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. - Explain how risk factors can interact with each other and describe challenges in aggregating risk exposures. 0:00 Introduction 0:15 Introduction: James Forjan, PhD, CFA 3:50 Study Tools for FRM Exams 5:15 Learning Objectives 6:45 Risk and its Management 11:22 Types of Risk 12:13 Market Risk 20:30 Credit Risk 27:09 Liquidity Risk 29:26 Operational Risk 32:02 Business, Strategic & Reputation Risk 34:10 Interactions of Risk Types 36:14 The Risk Management Process 38:17 Methods of Risk Management 40:07 Expected Loss 43:07 Value-at-Risk (VaR) 44:37 Human Agency and Conflicts of Interest 47:40 Risk Aggregation 49:41 Risk and Reward Equilibrium 50:40 Enterprise Risk Management (ERM) sKMt1qzmGfU |
| Category | Education |
| Tags | frm | frm part 1 | frm video lessons | financial risk management | frm lectures | frm level i | expected loss | unexpected loss | market risk | operational risk | analystprep | liquidity risk | credit risk | business risk | frm part i |
