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    Exam Feedback November 2018 Part 2 Exam Feedback

    The certificate mailing date is March 29, 2019. The soonest you can receive it is April
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    Exam Feedback November 2018 Part 2 Exam Feedback

    Reading the papers should be fine for current issues. Part 2 theoretical questions are difficult and in my opinion they are difficult because unlike the CFA institute; GARP does not know how to write good concise questions to test the candidate's knowledge.
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    Exam Feedback November 2018 Part 2 Exam Feedback

    I agree. Better planning is required.
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    Exam Feedback November 2018 Part 2 Exam Feedback

    Congrats Yairw. I got certified too a couple of hours back.
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    Exam Feedback November 2018 Part 2 Exam Feedback

    Congrats! I submitted on the 6th so may be I will see some action soon.
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    Exam Feedback November 2018 Part 2 Exam Feedback

    Has anyone who submitted their work experience on January 6th heard back from GARP? Thanks
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    Exam Feedback November 2018 Part 2 Exam Feedback

    There is no reason for them to reject Operational Risk experience, it is a major part of the curriculum. I have 10 years of Derivatives experience now and risk management is not explicitly mentioned in my job description but the purpose of derivatives is to manage risk. More than 50% of the...
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    Exam Feedback November 2018 Part 2 Exam Feedback

    GARP's work experience verification process is a joke. I submitted mine on January 6th which means I will be waiting for years now. Reputation risk for GARP.
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    Exam Feedback November 2018 Part 2 Exam Feedback

    Don't waste your time. They will not provide you with any update. We just have to wait. Thanks
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    Exam Feedback November 2018 Part 2 Exam Feedback

    It has been a month since I submitted my work experience and no news as yet. Not sure what is going on at GARP.
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    Exam Feedback November 2018 Part 2 Exam Feedback

    FRM folks do not know how to write good questions. They need to spend some time with CFA or CPA examiners. A concept can be tested with a concise question. You do not need to make a question long, verbose and meander around the core issue. According to me the questions were tough and obscure...
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    Jorion, Chapter 7: Portfolio Risk: Analytical Methods

    Thank you very much for the prompt reply.
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    Jorion, Chapter 7: Portfolio Risk: Analytical Methods

    Hi David, How should I interpret the two highlighted amounts $59.55 and $92.55 (Jorion Ch 7 notes, Page 14)? We are subtracting the Individual VaR of each position from the Diversified Portfolio VaR ($256.9 - $197.38 = $59.55 / 256.9 – 164.49 = $92.45). Is this Incremental VaR (Marginal VaR *...
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    Tuckman, Chapter 6: Empirical Approaches to Risk Metrics and Hedging

    Hi, What is intuition behind the negative sign before the notional amounts? In calculations we seem to disregard the negative? Thank you
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