Presentation on Global Financial Certification

Pristine Proposition for International Certifications : Pristine Proposition for International Certifications 2009

Introduction : Introduction 2 Atul Kumar Engineer – IIT Kharagpur Worked for 2 years in Maruti Udyog Limited MBA – IIM Indore Working as a private equity investment professional in one of the largest corporate group

Seminar Outline : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Seminar Outline Context About CFA About FRM Pristine Preparation Pristine Advantage Interesting Problem!

Seminar Outline : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Seminar Outline Context About CFA About FRM Pristine Preparation Pristine Advantage Interesting Problem!

Context … : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Context … Career Path How difficult to shift from Mktg/ Consulting to Finance? Is it good to Join a KPO??? How do I get a good job in finance No clarity about Roles & Profiles in Finance! What is I Banking? Functions in I Banking? How much maths is involved? What if I don’t understand Options & Futures?? What is PE? Functions in PE?? How is it different from VC? Clarity in objectives & Roles is the key!

Functions in any finance organization : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Functions in any finance organization Treasury Risk (Credit, Market, Operational) Equity Markets Prop. Book Arbitrage External Selling Context Traditionally risk calculation was done on “hunch” feeling. No mathematical modeling was used to “correctly” assess the risk Events Some Big names like LTCM, Baring Bank, etc. failed due to lack of risk management practices Some bulge bracket and very reputed organizations like Goldman, Lehman, etc. burned their fingers badly Very recently you would have listened about sub-prime losses to ML, Bear Stearns ($10 buy out by J P Morgan), CSFB, Societe Generale ($130 Bn losses) etc. Action Organizations have started to use fairly complex modeling techniques to calculate Risk! Risk as a functional area would be of key concern in future. It is an agenda item for CXO across financial institutions

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About CFA : About CFA

CFA – Your Clear Interest in finance : Paramdeep, paramdeep@eneev.com, +91 93118 45000 CFA – Your Clear Interest in finance CFA charter provides you with a strong foundation for a variety of career choices in the investment profession Interested in portfolio management, investment research, advisory services, or investment banking, you will benefit from a CFA charter * CFA Institute website My Personal Experience: Many jobs with preference for CFA + MBA (specially for Non CA background)

Course Structure : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Course Structure Requires 200-250 Hours of studies

Way to CFA : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Way to CFA Each exam is six hours long and is split between morning and afternoon sessions. There is a two-hour lunch break at the end of the morning session. The Level I exam is composed of multiple-choice questions and is offered in June and December. The Level II exam is composed of item-set questions and is offered in June only. The Level III exam is composed of item-set and essay questions and is offered in June only. Score matrix provided on the exam results is an indicator of overall performance The “<=50%” range is considered poor; “51%–70%” is considered poor to average; “>70%” is considered average to above average

Fees Structure : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Fees Structure

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About Risk Management (FRM & PRM) : About Risk Management (FRM & PRM)

Financial Risk Management (FRM) and Professional Risk Management (PRM) – Booming Career in Finance & Risk Management : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Financial Risk Management (FRM) and Professional Risk Management (PRM) – Booming Career in Finance & Risk Management Financial Risk Manager (FRM) is the premier certification recognized among financial risk professionals worldwide, with over 90 countries represented across the globe. FRM serves as a benchmark of competency in financial risk management. A certified FRM have requirements with Investment Banks, Commercial Banks, Asset Management Firms, Insurance Companies, Securities Regulators, Hedge Funds, Universities, Large Corporations, Multinationals and Credit Rating Firms With the increasing awareness about the FRM among the corporate, the certification brings in crucial differentiation among the risk enthusiasts and professionals

FRM Examination is a fairly involved examination requiring dedicated preparation : Paramdeep, paramdeep@eneev.com, +91 93118 45000 FRM Examination is a fairly involved examination requiring dedicated preparation About the examination 5-hour examination, approximately 140 multiple choice question exam. Held around mid November Eligibility: Students can give the exam along with B.Tech Fees Early Registration Fees : March 3 - April 30- USD 550 Standard Registration Fees : May 1 - Aug 31, 2008 - USD 700 Late Registration Fees: Sept 1 - Oct 15, 2008 - USD 950 Subjects Quantitative Analysis (10%): probability, hypothesis testing, Monte Carlo Simulations, Correlation and Regression Market Risk (30%): Bond Valuation, Futures , Options , derivatives, Swaps, Forex risk, VaR Credit Risk (25%): Credit Derivatives and Credit risk Modelling Operational Risk (25%): Basel Implementation Investment Management (10%): Portfolio Management & Hedge Funds

The exams requires market knowledge along with theoretical concepts. To leverage its benefits, you need to start preparing and understanding concepts : Paramdeep, paramdeep@eneev.com, +91 93118 45000 The exams requires market knowledge along with theoretical concepts. To leverage its benefits, you need to start preparing and understanding concepts Context The exam requires both theoretical & conceptual understanding. The usefulness of the exam lies in the fact that it requires working knowledge. Preparation Strategy You have to understand & learn the concept Then you have to observe it happening in news, by interacting with industry people, by knowing what is happening on the regulations front, following global cues, etc. Theory & concept Observe … Theory & concept Observe Observe Final Summarization … Market Practitioners are needed for interaction along with study material to prepare for the exam

Seminar Outline : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Seminar Outline Context About CFA About FRM Pristine Preparation Pristine Advantage Interesting Problem!

Pristine can help you prepare for a career in Risk : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Pristine can help you prepare for a career in Risk Formal Preparation: We have a formal class also running (Specially for FRM) Approx. 50 hrs (10 days/5 Weekends) of extensive training for Quants, Credit Risk & Market risk. Working professionals mostly with educational background of IIT/IIM Classroom Tests to check if you got the concept Summarizations Solved examples & practice exercises on difficult topics Extended Online support by the faculty beyond training hours 2 Mock Tests before the Exam to test their preparation levels Post Exam: We plan to help use our connections to get you to the right positions Career Counseling & Preparation Placement Assistance Informally: You can interact with us to gain deeper understanding of risk (and interaction costs nothing!) Pristine Provides complete support to students

Seminar Outline : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Seminar Outline Context About CFA About FRM Pristine Preparation Pristine Advantage Interesting Problem!

Pristine brings in faculty that is unmatched for their practical approach and professional experience : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Pristine brings in faculty that is unmatched for their practical approach and professional experience Credit Risk Implemented BASEL for one of the biggest banks in India Medalist MBA from IIM University topper during graduation Quant Topper of the Batch During MBA from IIM Graduate in Math and Computing from IIT Working with investment Bank Market Risk Managing a option portfolio for one the largest corporate houses in India MBA from IIM More than 4 Years of experience in Currency Markets

Pristine provides an online platform for enhanced learning experience and greater interactivity among the students and faculty : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Pristine provides an online platform for enhanced learning experience and greater interactivity among the students and faculty Live elearning Module for doubt clearing sessions with the Instructors at pre decided times beyond the normal course hours. All the courses materials are uploaded on website and available 24*7 online for reference Chapter wise quiz to monitor your performance and gauge the level of preparation by the students Interactive forums for doubt clearing and exchanging the ideas for preparation News forums to provide most updated news on websites. Feedback mechanism, which enables us to provide you real time solutions for your needs

Main Pristine Homepage : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Main Pristine Homepage

Pristine Has trained professionals from various institutions in the area of FRM : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Pristine Has trained professionals from various institutions in the area of FRM

Pristine Partnership with NISM (Body of SEBI) : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Pristine Partnership with NISM (Body of SEBI) Pristine has conducted workshops on various workshops for NISM Particularly Dvts for Directors

Interactive Whiteboard, Audio and doubt clearance are the 3 most important features of any classroom : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Interactive Whiteboard, Audio and doubt clearance are the 3 most important features of any classroom Neev provides access to the most important features of learning process

Course structuring and content management facilitate learning process to a great extent by introducing discipline in learning : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Course structuring and content management facilitate learning process to a great extent by introducing discipline in learning Neev provides solution for content management and scheduling

Closing the feedback loop and group interaction for problem solving are the key steps to complete the learning cycle : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Closing the feedback loop and group interaction for problem solving are the key steps to complete the learning cycle Neev provides solution for instantaneous feedback and collective learning opportunity for students

Learning paradigm is being shifted in Educational institutions across the world : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Learning paradigm is being shifted in Educational institutions across the world Best educational institutions across the world are seeing education and learning process in a different light altogether. There is a need to be up-to-date with the new paradigm of teaching!

Good institutions are providing plethora of services online to expand their base and provide differentiated services : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Good institutions are providing plethora of services online to expand their base and provide differentiated services Institutions have to be geared with innovative solutions to provide the best services to students and society

We have some tie-ups to help you get to the right place : Paramdeep, paramdeep@eneev.com, +91 93118 45000 We have some tie-ups to help you get to the right place (I-) Banking HDFC bank Yes bank JP Morgan ICICI Prudential Calyon Bank Deutche Bank Citibank AXIS Edelweiss Morgan Stanley HSBC Analytics Reliance Capital Consulting CRISIL Aptivaa Consulting Ernst & Young Deloitte Consulting Adventity ICRA IT Polaris I Flex Solutions

Pristine’s teaching methodology and faculty has got rave reviews from the students of previous batches : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Pristine’s teaching methodology and faculty has got rave reviews from the students of previous batches The coaching classes conducted by Pristine Careers for FRM 2007 have helped me immensely in passing FRM 2007 exam. The classes were simple, lively and conducted by practicing finance professionals. Open discussions helped in understanding and remembering many of the concepts. Mr Mohan Rao, Senior Manager of a leading Public Sector Bank. It was a great experience to attend the FRM Classes organized by Pristine Career .Most of the concept which one has to understand to clear the FRM Exam were explained in the best way and doubts were clarified. Pristine Careers was very helpful in clearing the FRM Exam for a candidate like me who had Zero experience of Credit and Market Risk. I would recommend all the prospective FRM Candidates and to all Risk Management Student to attend the classes organized by Pristine Careers. Ujjwal Jain, Deputy Manager Treasury Mid-Office, Investment Bank Re: Financial Risk Manager [FRM] by GARP - 05-05-2008, 09:41 PM Those who really wish to take off & then wish to look for the ground where they stand, may like the Pristine way.Pristine as all comment will be more exam oriented. But looks little fast.They may not be putting much emphasize on basics (I doubt as I am not so familiar with Quant as have not practiced much).Faculty wise I dont have any idea.Just heard Mr. Parminder in Pristine is good in Quant.

Seminar Outline : Paramdeep, paramdeep@eneev.com, +91 93118 45000 Seminar Outline Context About CFA About FRM Pristine Preparation Pristine Advantage Interesting Problem!

FAQ : Paramdeep, paramdeep@eneev.com, +91 93118 45000 FAQ About the FRM Exam How much time it takes to prepare for the FRM Exam: FRM Study Plan: The FRM is an “International Certification” and gives you plenty of job opportunities if you clear this exam, thus its necessary to prepare holistically.  Time allocation. June to Sept - If you are starting in June along with the Classroom trainings you will need additional 150 hrs to 300 hrs depending on your education background and work experience. The Exam requires systematic preparation over a period of time, spend 10 hrs every week and prepare for all 5 subjects latest by September. October: In Oct give 2 mock Tests given by “PRISTINE and Practicing questions given in Schweser. November: Revision **A Detailed Chapter by Chapter "Study plan" is given to the candidates who join the Pristine FRM Classroom trainings.

FAQ : Paramdeep, paramdeep@eneev.com, +91 93118 45000 FAQ What books to refer for preparation of FRM Exam: GARP suggests “FRM Core Readings” and the Phillip Jorian Handbook Schweser  Notes, they are prepared on lines of the AIMS/Leaning objectives given by GARP; Core Readings What is the FRM's historical pass rate? Calculators Last Year Question papers Career Opportunities

Slide 36 : atul@eneev.com Pristinecareers@gmail.com Pristinecareers@eneev.com +91 93221 94932 Best of Luck!