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SCPS.NYU.EDU/FINANCE
FRM® EXAM REVIEW COURSES
FRM ® Exam Review (Level I and II)
FINA1-CE9700/$4,950
W Sec. 1: Fri. 6.30–9.30 p.m., Sat. Sun.
10 a.m.–5 p.m., June 3–July 24 (21 sessions).
Alan Anderson, FRM
V Sec. 2: Dates and hours to be arranged.
This interdisciplinary course prepares
professionals for both the Level I and
II Financial Risk Manager FRM®
Exam administered by the Global
Association of Risk Professionals
(GARP*) each November. The FRM
credential is considered
the gold standard in the industry.
The complete package includes all
pre-reviews, program training modules,
and final exam review. Students receive
regularly scheduled review sessions,
exam-taking skills utilizing past exams,
class notes, and instructor-led support
via e-mail until the day of the exam.
Prerequisites: Fundamentals of Finance
Risk Management/FINA1-CE9208, The
Options Market and Trading Strategies/
FINA1-CE9120, Financial Futures and
Options in Risk Management/FINA1-
CE9235, and Interest Rate Swaps/FINA1-
CE9240 or Pricing Interest Rate Swaps
and Their Derivatives/FINA1-CE9250,
or equivalent experience.
FRM ® Level I Exam Review
FINA1-CE9698/$2,825
W Sec. 1: Fri. 6.30–9.30 p.m., Sat. Sun.
10 a.m.–5 p.m., June 3–26 (12 sessions).
V Sec. 2: Dates and hours to be arranged.
Level I topics of study focus on the items
determined by the most recently published
GARP AIMS for candidates
preparing to sit for the Level I exam:
Quantitative Review, Foundations of
Risk Management and Financial
Markets, Quantitative Analysis, and
Risk Modeling.
FRM ® Level II Exam Review/
FINA1-CE9793/$2,125
W Sec. 1: Fri. 6.30–9.30 p.m., Sat. Sun.
10 a.m.–5 p.m., July 8–24 (9 sessions).
V Sec. 2: Dates and hours to be arranged.
Level II topics of study focus on the items
determined by the most recently published
GARP AIMS for candidates
preparing to sit for the Level II exam:
Market Risk and Investment Risk,
Credit Risk and Risk Management
Issues, and Operational Risk.
Candidates planningto take both the
Level I and Level II exams should register
for FINA1-CE9700. For more information,
e-mail scps.frmexam@nyu.edu
or call (212) 992-3400.
* GARP does not endorse, promote, review, or
warrant the accuracy of the products or services
offered by NYU-SCPS of FRM-related information,
nor does it endorse any pass rates claimed
by the provider. Further, GARP is not responsible
for any fees or costs paid by the user to
NYU-SCPS nor is GARP responsible for any
fees or costs of any person or entity providing
any services to NYU-SCPS. FRM®, GARP®,
and Global GARP of Risk Professionals are
trademarks owned by the Global Association
of Risk Professionals, Inc.
NEW
BANKING AND
FINANCIAL SERVICES
Learn the strategies and principles used to
measure and manage financial risk, and
understand how markets operate in futures,
options, swaps, and other derivative
instruments used to protect assets.
Advanced Financial Risk Management
FINA1-CE9723/$750
W Sec. 1: Thurs. 6.30–8.30 p.m., June 30–
Aug. 18 (8 sessions).
Build upon the knowledge and skills
gained in Intermediate Financial Risk
Management through a comprehensive examination
of interest rate risk, commodity
and futures risk, credit risk, cash flow risk,
and earning and currency exchange risk.
Learn to identify and measure financial
risks faced by corporations, establish an effective
risk program, and develop hedging
strategies to minimize risk by using realworld
case study methods and recent examples.
Prerequisites: Fundamentals of
Financial Risk Management/FINA1-CE9208
and Intermediate Financial Risk Management/
FINA1-CE9201, or equivalent experience.
Applied Technical Analysis
FINA1-CE9125/$750
W Sec. 1: Tues. 6.30–8.30 p.m., May 31–Aug. 2
(10 sessions). Cornelius Luca, president, LGR.
Learn to recognize essential chart formations
and determine how to identify and
apply the appropriate techniques in this
introduction to the use of basic charting
methods. Topics include trends and trendlines,
ratio analysis (Fibonacci), types of
charts, reversal and continuation patterns,
candlestick analysis, construction and application
of moving averages and oscillators,
and Elliott wave analysis. Apply these
technical analysis techniques to current
price charts. 2.0 CEU (24 50-minute hours)
Derivatives Documentation
FINA1-CE9215/$795
M Sec. 1: Sat. 10 a.m.–2 p.m., July 16–
Aug. 13 (5 sessions). Ilene Froom, executive
director and assistant general counsel,
JPMorgan Chase Bank, N.A.
Learn to prepare legal documents for, and
draft the three major components of, derivatives
documentation. Review the various
legal and regulatory influences on
derivatives, as well as documentation
methods used outside the United States.
2.0 CEU (24 50-minute hours)
NEW
Derivatives Modeling Using VBA
FINA1-CE9249/$795
W Sec. 1: Mon. 6–10 p.m., July 11–Aug. 8
(5 sessions). Alan Anderson
Get an intensive introduction to the mathematical
modeling of derivative securities
with a focus on developing algorithms for
option pricing models. The Visual Basic
for Applications (VBA) language is used
throughout the course and key features of
VBA are introduced as needed. Learn the
mathematical foundations of numerous
pricing models—the Black-Scholes model,
binomial and trinomial trees, finite difference
methods, and Monte Carlo simulation—and
how algorithms are developed
to implement these models in VBA.
Pricing models for interest rate derivatives
and exotic options are also developed,
time permitting. Prerequisites: Financial
Futures and Options in Risk Management/
FINA1-CE9235 or equivalent, college-level
mathematics, and familiarity with Excel.
No prior knowledge of VBA necessary.
Implications of the Dodd-Frank
Wall Street Reform and
Consumer Protection Act
FINA1-CE9724/$795
W Sec. 1: Mon. 6.30–9 p.m., June 6–Aug. 1
(8 sessions).
Wall Street and the financial service industry
brought about the largest financial crisis
since the Depression. The 1929 crash
led to increased regulation and the founding
of the U.S. Securities and Exchange
Commission (SEC) and Federal Deposit
Insurance Corporation (FDIC), profoundly
changing the landscape and instituting
safeguards and policing. The
Dodd-Frank Wall Street Reform and
Consumer Protection Act brings increased
regulations, more power to the federal government,
and establishes new regulatory
authorities. Review the act—and the updated
changes—and discuss its future implications
for the financial service industry,
corporations, investors, and the public.
Hedge Fund Strategies
FINA1-CE9209/$845
W Sec. 1: Wed. 6.30–9 p.m., May 25–July 13
(8 sessions). Zachary R. Michaelson
Explore the investment strategies and
techniques used by hedge fund managers
in the areas of bonds, stocks, fixed assets,
currency, options, and commodities. Study
different strategies including event-driven
or distressed mergers, long and short equities,
funds, and convertible arbitrage and
global macro strategies. Performance measurements;
alpha, beta, and Sharpe ratio;
and market efficiency are also covered.
NEW
Risk Management of Capital Assets:
Risk Capital, Regulatory Capital,
and Liquid Cash
FINA1-CE9726/$650
N Sec. 1: Tues. 6.30–8.30 p.m., May 31–
July 19 (8 sessions). Norman Chaleff, senior
vice president–risk management, Sterne,
Agee & Leach.
Learn to manage different types of capital,
measure management, and allocate assets
for three basic types of capital: equity,
regulatory, and liquid. Examine risk of loss
of equity, risk of noncompliance and
regulatory requirements, and risk of insufficient
short-term liquidity to fund operations.
Analyze your organization using
this framework in order to make cogent
recommendations to management.
Systemic Risk and Its
Impact on the Markets
FINA1-CE9124/$750
N Sec. 1: Mon. 7–9 p.m., May 23–Aug. 8
(10 sessions).
Gain the fundamental financial tools and
techniques to identify sources of potential
systemic risks, measure a portfolio’s exposure
to such risks, and design effective riskmitigating
strategies. Every asset allocator,
whether a sophisticated private investor,
institutional portfolio manager, investment
committee member, investment advisor, liability
manager, CFO, or treasury professional
is required to identify sources of
potential systemic risk and to understand
the implication of such exposures to his or
her portfolio or enterprise. Examine systemic
risk, the dynamics of hedging, current
issues pertaining to derivatives, and
the historical development of past crises.
TO REGISTER: (212) 998-7150 FOR MORE INFORMATION: (212) 998-7200
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