FRM Enterprise Mastery
Self‑Paced • Exam + Enterprise Implementation
A practical FRM program mapped to the official 2026 GARP curriculum and extended with enterprise risk‑ops, data engineering, regulatory templates, and implementable deliverables for banks and asset managers.
Quick Snapshot
- • Full FRM Part I & Part II syllabus (official structure preserved)
- • 400+ lessons, 12 enterprise capstones, 5,000+ practice questions
- • Python, Excel & SQL labs + Power BI / Tableau dashboards
- • Risk data architecture & BCBS 239 readiness
- • Regulatory packs (ICAAP/ILAAP templates, Basel III/IV guidance)
Course Overview
This program preserves the official FRM chapter names and weights while converting each topic into enterprise‑ready modules with hands‑on labs, risk architecture, regulatory templates, and employer‑grade deliverables. (Official FRM curriculum used as the backbone.)
Exam + Implementation
Complete FRM exam coverage plus practical projects that mimic bank/asset manager workflows.
Risk Data & Systems
Data lineage, MDM, risk data lake, ETL & BI integration for regulatory reporting.
Regulatory Focus
Basel III/IV, ICAAP/ILAAP templates, stress testing workflows and Pillar 3 reporting artifacts.
Career Outcomes
Roles: Market/Credit Risk, Model Validation, Risk Data Engineer, Treasury & ALM, Risk Architecture.
Our Curriculum — FRM Part I & Part II
Expand any section to view official chapter topics. Each official chapter is extended with enterprise modules, labs and a capstone project.
FRM Exam Part I: Foundations of Risk Management | 20%
Official topics include: Basic risk types; Creating value with risk management; Risk governance; Credit risk transfer mechanisms; CAPM; Risk-adjusted performance; Multifactor models; Data aggregation & reporting; Financial disasters; Ethics; ERM.
Enterprise additions:
- Risk governance playbook, RAS & limit frameworks
- Board/CRO reporting templates & KRI dashboards
- BCBS 239 data aggregation exercises
Capstone: Build an Enterprise Risk Management Playbook ready for senior review.
FRM Exam Part I: Quantitative Analysis | 20%
Official topics include probability distributions, estimation, regression, time-series, simulation, hypothesis testing, correlation, ML basics.
Enterprise additions:
- Python labs: Monte Carlo, GARCH, bootstrapping, backtesting
- Build risk-factor libraries and simulation engines
Capstone: Deliver a Monte Carlo market-risk engine with reporting.
FRM Exam Part I: Financial Markets and Products | 30%
Official topics include OTC/exchange markets, forwards, futures, swaps, options, hedging, rates, FX, corporate bonds, MBS.
Enterprise additions:
- Derivatives exposure engines (EAD/PFE), hedging P&L attribution
- Workflows for trading book vs banking book and collateral mechanics
Capstone: Build a derivatives exposure & hedging workbook.
FRM Exam Part I: Valuation and Risk Models | 30%
Official topics include VaR, ES, volatility & correlation estimation, economic & regulatory capital, stress testing, option & fixed-income valuation, hedging, country risk, ratings, expected/unexpected losses, operational risk.
Enterprise additions:
- Portfolio stress-testing pipelines and regulatory capital mapping
- Backtesting & model governance for VaR/ES
Capstone: Run multi-scenario stress tests and produce a regulatory-style report.
FRM Exam Part II: Market Risk Measurement and Management | 20%
Official topics include VaR methods, ES, EVT, copulas, term-structure models, volatility surfaces, FRTB.
Enterprise additions:
- FRTB-SA templates, curve & surface construction, P&L attribution
- Market risk dashboards and intraday monitoring
Capstone: Produce a Market Risk pack (VaR, ES, FRTB summary).
FRM Exam Part II: Credit Risk Measurement and Management | 20%
Official topics include credit analysis, default risk methods, EL/UL, Credit VaR, counterparty risk, credit derivatives, structured finance.
Enterprise additions:
- PD/LGD/EAD pipelines, credit migration matrices, SA-CCR exposures
- Credit portfolio stress tests and concentration analytics
Capstone: Deliver a credit portfolio stress test with macro-shock scenarios.
FRM Exam Part II: Operational Risk and Resilience | 20%
Official topics include operational risk frameworks, identification, mitigation, cyber-resilience, AML, third-party risk, model risk, stress testing, RAROC, capital planning, Basel.
Enterprise additions:
- RCSA design, operational loss DB, KRI dashboards, BCP & cyber playbooks
- Model risk controls & ICAAP/ILAAP integration
Capstone: Build an operational risk dashboard and playbook.
FRM Exam Part II: Liquidity and Treasury Risk Measurement and Management | 15%
Official topics include liquidity principles, cash-flow modeling, liquidity stress testing, contingency funding, funds transfer pricing, cross-currency funding, balance sheet management.
Enterprise additions:
- LCR/NSFR mapping, 30-day cashflow engines, FTP frameworks, treasury dashboards
Capstone: Implement a liquidity stress-testing model.
FRM Exam Part II: Risk Management and Investment Management | 15%
Official topics include factor theory, portfolio construction, risk budgeting, performance attribution, hedge funds, due diligence, stress testing, asset liquidity.
Enterprise additions:
- Factor-model build, portfolio optimization, tail-hedging & attribution tooling
Capstone: Build a factor-based portfolio risk model and attribution report.
FRM Exam Part II: Current Issues in Financial Markets | 10% (ONLINE ONLY)
Official topics include AI, private credit, geopolitical risk, rising government debt, cryptocurrency, digital resilience.
Enterprise additions:
- AI risk governance, crypto custody risk, climate & sovereign stress scenarios
Capstone: Produce a current-issues risk briefing and actionable mitigation plan.
Hands-on Capstones & Labs
Capstone — Trade → Risk Pipeline
Design and implement a trade-to-risk pipeline, ETL for risk data mart, PFE & margin outputs, and dashboarding.
Capstone — Credit Portfolio Stress Test
PD/LGD/EAD pipelines, macro-shock scenarios, and capital impact analysis.
Capstone — Liquidity Stress Engine
30-day cashflow modeling, LCR/NSFR reporting and contingency funding plans.
Pricing & Plans
Self-Paced
One-time purchase
Full Part I & II coverage + enterprise capstones & templates
Pro — Mentor Cohort
Limited seats
Includes weekly live clinics, mentor review of capstones, interview prep
Instructors
Course Authors & Mentors
Practitioners with experience across risk, trading, regulatory compliance, and risk data engineering. Includes mock interviews, capstone reviews and resume feedback.
Get Started
Enroll or request a cohort. We'll provide access to curriculum, lab datasets and project briefs.
Email: contact@durgaanalytics.com • For enterprise: contact@durgaanalytics.com