Certificate for Module (Examinations Preparatory Programme for Financial Risk Manager (FRM) Part II) (CEF) - HKU SPACE: Investment Management courses
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Class arrangement during COVID-19


The COVID-19 situation may still be fluid and constantly affect class arrangements in the coming months. The health and safety of our students will always be our top priority. To ensure that students’ academic progress is not affected, the School may substitute face-to-face classes with online teaching if necessary in the event that face to-face classes cannot be held. Our respective Programme Teams will contact the students concerned with details of such arrangements as necessary. For more details on the class arrangement during COVID-19, please refer to the special announcement on the School homepage.

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Accounting & Finance Investment Management

Certificate for Module (Examinations Preparatory Programme for Financial Risk Manager (FRM) Part II)
證書(單元 : 金融風險管理師(卷二)考試備試課程)

CEF Reimbursable Course

CEF Reimbursable Course

Course Code
FN054A
Application Code
1940-FN054A

Study mode
Part-time
Start Date
24 Aug 2022 (Wed)
Duration
4 months
Language
English
Course Fee
HK$7,800
How to Apply
Deadline on 09 Jul 2021 (Fri)
Enquiries
2867-8322
2861-0278

This programme provides in-depth coverage of the four topics examined in the Financial Risk Manager (FRM) Part 2 examination and offers comprehensive examination preparation.

The programme targets at students who are now working in or interested in the financial risk management profession and would attempt to take the FRM Part 2 examination. 

This programme consists of 6 topics:

Topic

No. of lecture hours

1. Market Risk Measurement and Management

  • Value at Risk (VaR) and other risk measures
  • Modeling dependence: correlations and copulas
  • Term structure models of interest rates
  • Volatility: smiles and term structures
  • Fundamental Review of the Trading Book

6

2.  Credit Risk Measurement and Management

  • Credit analysis
  • Default risk: quantitative methodologies
  • Expected and unexpected loss
  • Credit VaR
  • Counterparty risk
  • Credit derivatives
  • Structured finance and securitization

6

3. Operational Risk and Resiliency​

  • Principles for sound operational risk management
  • Risk appetite frameworks and enterprise risk management (ERM)
  • Risk culture and conduct
  • Analyzing and reporting operational loss data
  • Model risk and model validation
  • Risk-adjusted return on capital (RAROC)
  • Economic capital frameworks and capital planning
  • Stress testing banks
  • Third-party outsourcing risk
  • Risks related to money laundering and financing of terrorism
  • Regulation and the Basel Accords
  • Cyber risk and cyber resilience
  • Operational resilience

6

4. Liquidity and Treasury Risk Measurement and Management

  • Liquidity risk principles and metrics
  • Liquidity portfolio management
  • Cash-flow modeling, liquidity stress testing and reporting
  • Contingency funding plan
  • Funding models
  • Funds transfer pricing
  • Cross-currency funding
  • Balance sheet management
  • Asset liquidity

 

7

5. Risk Management and Investment Management

  • Factor theory
  • Portfolio construction
  • Portfolio risk measures
  • Risk budgeting
  • Risk monitoring and performance measurement
  • Portfolio-based performance analysis
  • Hedge funds
7

6. Current Issues in Financial Markets

  • Blockchain
  • Fintech revolution
  • Artificial intelligence (AI), machine learning and “big data”
  • Climate change and financial risk
  • Reference rates
7

Certificate for Module (Examinations Preparatory Programme for Financial Risk Manager (FRM) Part II) will be awarded to candidates who have achieved at least 70% attendance as well as attain pass grades of the programme.

Application Code 1940-FN054A -

Duration
  • 13 lecture(s)
Venue

There is a total of 39 face-to-face teaching hours for the class.  

 

Assessment Method

Students will be assessed by 2 individual assignments (100%).  All assignment will be assessed  in English. 

Schedule

Aug 2022  intake

Examination Preparatory Course for Financial Risk Management (FRM) Part II

Session

Date

Time

1

24 Aug 2022 (Wed)

7:00pm – 10:00pm

2

31 Aug 2022 (Wed)

3

7 Sept 2022 (Wed)

4

14 Sept 2022 (Wed)

5

21 Sept 2022 (Wed)

6

28 Sept 2022 (Wed)

7

5 Oct 2022 (Wed)

8

12 Oct 2022 (Wed)

9

19 Oct 2022 (Wed)

10

26 Oct 2022 (Wed)

11

2 Nov 2022 (Wed)

12

9 Nov 2022 (Wed)

13

16 Nov 2022 (Wed)

** The above tentative timetable may be subject to change without prior notice until confirmation of timetable issued to student.

Lecturer

Mr.  L.H. Lee, MSc, FRM, CFA, FCCA

Mr. Lee is a Director of a top tier US investment bank in Hong Kong. He has over ten years of experience in the financial services industry with a solid academic track record as Top Achiever in certification exams. He has practical experiences in financial risk management and quantitative analysis. With his teaching experience in university and work experiences, he will guide students to master techniques in FRM and apply the knowledge for your career development.

Applicants shall hold a bachelor’s degree awarded by a recognized 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 II Examination.

Application Fee

HK$150

Course Fee
  • Course Fee : HK$7,800
  • The CEF Institution Code of HKU SPACE is 100
CEF Courses
Certificate for Module (Examinations Preparatory Programme for Financial Risk Manager (FRM) Part II)
證書(單元 : 金融風險管理師(卷二)考試備試課程)
COURSE CODE 33C131579 FEES $7,800 ENQUIRY 2867-8322
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 II)

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

Application Form Application Form

Enrolment Method
  1. Complete the application form.
  2. Submit the application form with the following documents:

(a) CERTIFIED TRUE COPIES of all relevant academic and/or professional qualifications (please also bring along the originals of these documents for certification at HKU SPACE enrollment center);

(b) CERTIFIED TRUE COPIES of HKID card / passport and visa (if applicable); 

(c) a non-refundable application fee of HK$150.

The complete set of application forms with all relevant supporting documents may be submitted in person to any HKU SPACE enrollment centers.  

**Double-sided printing is much appreciated.**

Payment Method
1. CASH OR EPS

Cash or EPS are accepted 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 write the programme title(s)  and the applicant’s name on the back of the cheque. You may either:

  • in person by submitting the payment, completed form(s), and required supporting documents to any of our enrolment centres; or
  • by mailing the above documents to any of our enrolment centres, specifying “Course Application” on the envelope. 
3. VISA/MASTERCARD

Course applicants, who are holders of HKU SPACE MasterCard, can enjoy a 10-month interest-free instalment period for courses of HK$2,000 and over. For enquiries, please contact our enrolment centres.

 

Notes

  1. For general and short courses, applicants may be required to pay the course fee in cash or by EPS, Visa or MasterCard if the course is to start shortly.
  2. 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, cheque or online PPS will be reimbursed by a cheque; fees paid by credit card will be reimbursed to credit card account used for payment.
  3. 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 teams for details.
  4. Fees and places on courses are not transferrable. 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.
  5. HKU SPACE will not be responsible for any loss of payment, receipt, or personal information sent by mail.
  6. For additional copies of receipts, please aubmit 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. Such copies will normally be issued at the end of a course.
  7. Classes are expected to be held at HKU SPACE learning centers. The health and safety of our students is our top priority. If the situation in Hong Kong requires, HKU SPACE reserves the right to move some classes to other locations, including online teaching platforms.
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