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  3. Certificate for Module (Examinations Preparatory Programme for Financial Risk Manager (FRM) Part I)

Certificate for Module (Examinations Preparatory Programme for Financial Risk Manager (FRM) Part I)
證書(單元 : 金融風險管理師(卷一)考試備試課程)

CEF Reimbursable Course

CEF Reimbursable Course

Course Code
FN053A
Application Code
2265-FN053A
Certificate for Module (Examinations Preparatory Programme for Financial Risk Manager (FRM) Part I)
QF Level: 6 QR Registration No.: 20/000614/L6 QR Registration Validity Period: 15 Oct 2020 - on-going
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Continuing Education Fund
Continuing Education Fund

This course has been included in the list of reimbursable courses under the Continuing Education Fund.

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Credit
9
Study mode
Part-time
Start Date
07 Jan 2025 (Tue)
Duration
4 months and 36 hours
Language
English
Course Fee
HK$6,480
Deadline on 30 Dec 2024 (Mon)
Enquiries
2975 5767
2861-0278
frmexam@hkuspace.hku.hk
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Highlights

The programme aims to prepare students for taking the Financial Risk Manager Part I examination and provide them with a sound theoretical grounding in financial risk management. The programme covers various risk measure techniques to perform financial analysis and investment management. It imparts financial and investment knowledge and skills to students to enhance their financial decision making.

Programme Details

 Course Content:

1. Foundation of Risk Management

  • Basic risk types, measurement and management tools
  • Creating value with risk management
  • Risk governance and corporate governance
  • Credit risk transfer mechanisms
  • The Capital Asset Pricing Model (CAPM)
  • Risk-adjusted performance measurement
  • Multifactor models
  • Data aggregation and risk reporting
  • Financial disasters and risk management failures
  • Ethics and the GARP Code of Conduct
  • Enterprise risk management (ERM)

 

2. Quantitative Analysis

  • Discrete and continuous probability distributions
  • Estimating the parameters of distributions
  • Population and sample statistics
  • Bayesian analysis
  • Statistical inference and hypothesis testing
  • Measures of correlation
  • Linear regression with single and multiple regressors
  • Time series analysis and forecasting
  • Simulation methods
  • Machine learning

 

3. Financial Markets and Products

  • Structures and functions of financial institutions
  • Structure and mechanics of over-the-counter (OTC) and exchange markets
  • Structure, mechanics and valuation of forwards, futures, swaps and options
  • Hedging with derivatives
  • Interest rates and measures of interest rate sensitivity
  • Foreign exchange risk
  • Corporate bonds
  • Mortgage-backed securities

 

4. Valuation and Risk Models

  • Value-at-Risk (VaR)
  • Expected shortfall (ES)
  • Estimating volatility and correlation
  • Economic and regulatory capital
  • Stress testing and scenario analysis
  • Option valuation
  • Fixed income valuation
  • Hedging
  • Country and sovereign risk models and management
  • External and internal credit ratings
  • Expected and unexpected losses
  • Operational risk

Assessment method:  An individual assignment with 100 MC-type ​Questions

 

Upon successful completion of the programme, students who have passed the two individual written assignments with attendance no less than 70% will be awarded within the HKU system through HKU SPACE a Certificate for Module (Examinations Preparatory Programme for Financial Risk Manager (FRM) Part I).

 

On completion of the programme, students should be able to: 

1. explain and apply the necessary techniques to manage various financial risks;

2. evaluate the theories and mathematical models of financial risk management; and

3. analyse the valuation techniques for derivatives and structured products. 

 

Lecturer

Mr. Christopher Mak , ACCA, CAIA, CESGA, CFA, CFP, CPA (Aust.), FLMI, FRM, MRICS

 

Mr. Mak has an extensive wealth of experience in the financial industry, with a focus on investment analysis and financial risk management. He earned a Bachelor of Science degree from the Hong Kong University of Science and Technology, majoring in Physics with minors in Mathematics and Social Science. In addition to his academic achievements, Mr. Mak holds multiple professional qualifications in accounting, insurance, and investment-related fields. His credentials include the Chartered Alternative Investment Analyst (CAIA), Chartered Financial Analyst (CFA), Certified Financial Planner (CFP), Chartered Certified Accountant (ACCA), Certified Practising Accountant Australia (CPAA), Certified ESG Analyst (CESGA), RICS Chartered Surveyors (MRICS), Fellow of Life Management Institute (FLMI), as well as certifications as a Financial Risk Manager (FRM) and Professional Risk Manager (PRM).

 
Application Code 2265-FN053A Apply Online Now
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Venue

Class Details

January 2025 Intake Schedule

Lecture

Date

Time

Location

1

07/01/2025 (Tue)

1845-2205

TBC

2

14/01/2025 (Tue)

1845-2205

TBC

3

21/01/2025 (Tue)

1845-2205

TBC

4

04/02/2025 (Tue)

1845-2200

TBC

5

11/02/2025 (Tue)

1845-2200

TBC

6

18/02/2025 (Tue)

1845-2200

TBC

7

25/02/2025 (Tue)

1845-2200

TBC

8

04/03/2025 (Tue)

1845-2200

TBC

9

11/03/2025 (Tue)

1845-2200

TBC
10 25/03/2025 (Tue) 1845-2200 TBC
11 01/04/2025 (Tue) 1845-2200 TBC

Fee

Application Fee

HK$150 (Non-refundable)

Course Fee
  • Course Fee : HK$6,480

Entry Requirements

Applicants shall hold a bachelor’s degree awarded by a recognised institution.

If the degree or equivalent qualification is from an institution where the language of teaching and assessment is not English, applicants shall provide evidence of English proficiency, such as:

i.       an overall band of 6.0 or above with no subtests lower than 5.5 in the IELTS; or

ii.      a score of 550 or above in the paper-based TOEFL, or a score of 213 or above in the computer-based TOEFL, or a score of 80 or above in the internet-based TOEFL; or

iii.     HKALE Use of English at Grade E or above; or

iv.      HKDSE Examination English Language at Level 3 or above; or

v.       equivalent qualifications.

Applicants with other qualifications will be considered on individual merit.

 

Students are highly encouraged to check with the Global Association of Risk Professionals (GARP) for their eligibility of taking the FRM Part I Examination.

CEF

  • The CEF Institution Code of HKU SPACE is 100
CEF Courses
CERTIFICATE FOR MODULE (EXAMINATIONS PREPARATORY PROGRAMME FOR FINANCIAL RISK MANAGER (FRM) PART I)
證書(單元 : 金融風險管理師(卷一)考試備試課程)
COURSE CODE 33C131560 FEES $6,480 ENQUIRY 2867-5767
Continuing Education Fund Continuing Education Fund
This course has been included in the list of reimbursable courses under the Continuing Education Fund.

Certificate for Module (Examinations Preparatory Programme for Financial Risk Manager (FRM) Part I)

  • This course is recognised under the Qualifications Framework (QF Level [6])

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Online Application Apply Now

Application Form Download Application Form

Enrolment Method
Payment Method
1. Cash, EPS, WeChat Pay Or Alipay

Course fees can be paid by cash, EPS, WeChat Pay or Alipay at any HKU SPACE Enrolment Centres.

2. Cheque Or Bank draft

Course fees can also be paid by crossed cheque or bank draft made payable to “HKU SPACE”. Please specify the programme title(s) for application and applicant’s name. You may either:

  • bring the completed form(s), together with the appropriate course or application fees in the form of a cheque, and any required supporting documents to any of the HKU SPACE enrolment centres;
  • or mail the above documents to any of the HKU SPACE Enrolment Centres, specifying “Course Application” on the envelope. HKU SPACE will not be responsible for any loss of personal information and payment sent by mail.
3. VISA/Mastercard

Applicants may also pay the course fee by VISA or Mastercard, including the “HKU SPACE Mastercard”, at any HKU SPACE enrolment centres. Holders of the HKU SPACE Mastercard can enjoy a 10-month interest-free instalment period for courses with a tuition fee worth a minimum of HK$2,000; however, the course applicant must also be the cardholder himself/herself. For enquiries, please contact our staff at any enrolment centres.

4. Online Payment

Online application / enrolment is offered for most open admission courses (enrolled on first come, first served basis) and selected award-bearing programmes. Application fees and course fees of these programmes/courses can be settled by using "PPS by Internet" (not available via mobile phones), VISA or Mastercard. In addition to the aforesaid online payment channels, new and continuing students of award-bearing programmes with available online service, they may also pay their course fees by Online WeChat Pay, Online Alipay or Faster Payment System (FPS). Please refer to Enrolment Methods - Online Enrolment  for details.

Notes

  • If the programme/course is starting within five working days, application by post is not recommended to avoid any delays. Applicants are advised to enrol in person at HKU SPACE Enrolment Centres and avoid making cheque payment under this circumstance.

  • Fees paid are not refundable except under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment), subject to the School’s discretion. In exceptional cases where a refund is approved, fees paid by cash, EPS, WeChat Pay, Alipay, cheque, FPS or PPS by Internet will be reimbursed by a cheque, and fees paid by credit card will be reimbursed to the credit card account used for payment. 

  • In addition to the published fees, there may be additional costs associated with individual programmes. Please refer to the relevant course brochures or direct any enquiries to the relevant programme team for details.
  • Fees and places on courses cannot be transferrable from one applicant to another. Once accepted onto a course, the student may not change to another course without approval from HKU SPACE. A processing fee of HK$120 will be levied on each approved transfer.
  • HKU SPACE will not be responsible for any loss of payment, receipt, or personal information sent by mail.
  • For payment certification, please submit a completed form, a sufficiently stamped and self-addressed envelope, and a crossed cheque for HK$30 per copy made payable to “HKU SPACE” to any of our enrolment centres.
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