Course description
International Certificate in Financial Services Risk Management
OFQUAL REGULATED Level 5
Ofqual Regulated from September 2023
The International Certificate in Financial Services Risk Management has been updated in response to international regulatory developments such as Basel III and Solvency II which require that companies and their staff have a broader understanding of risk management.
Taking 6-9 months to complete, the certificate is a supported distance learning study programme that is internationally recognised and designed to meet the specific demands of the financial services sector from a banking and insurance perspective.
The International Certificate in Financial Services Risk Management is a practical qualification that is tailored to the challenges facing the financial sector and banking and insurance sub sectors.
Upcoming start dates
Suitability - Who should attend?
This qualification is suitable for professionals working in:
- Banks - retail and wholesale
- Insurance - life, general, international and brokers
- Regulators and credit rating agencies
- Hedge funds and asset management
- Actuarial, legal and accounting practices
and
- Aspiring chief risk officers in the financial services sector
- Risk generalists who need to quickly adapt to a financial services environment
Outcome / Qualification etc.
Successful graduates automatically become Certificate Members (IRMCert) and eligible to enrol on the IRM's International Diploma in Enterprise Risk Management.
Training Course Content
The Certificate is made up of two modules which are designed to be studied together. Learning in module 1 explores elements of the risk management process, while module 2 explains how organisational culture and appetite for risk may affect the implementation of such processes. Similarly, discussion of risk management standards in module 1 supports the study of governance and risk architecture in module 2.
Module 1: Principles of risk and risk management
This module introduces the principles and concepts of risk management in Financial Services. This leads to an examination of how to classify risks in a Financial Services environment and the approaches that are used to identify, assess and treat them.
Key topics include:
- Recognise the origins and key concepts of risk management
- Understand the regulatory environment in financial services
- Enterprise risk management
- Understand the main sources of risk within banks and insurers
Module 2: Practice of risk management
This module explores the impact of the business environment on risk management in the banking and insurance sectors. Learn how corporate governance can influence risk architecture, culture, appetite and tolerance.
Key topics include:
- Case studies, including post-Financial Crisis
- Explore the impact of the wider business environment
- Study the Three Lines of Defence governance model
- Apply risk management frameworks
Successful completion of these modules enables you to move onto the subsequent modules of the International Diploma in Enterprise Risk Management.
Top 10 Awards
Top 10 Winner - 2021
We're delighted Institute of Risk Management is a winner of our Top 10 Courses 2021 in Top 10 Online Finance Courses.
Each year, we select the Top 10 most popular courses on our site in some of the most popular categories to make it easier for our users to find the right course for them - so you can book with confidence.
Course delivery details
Online supported distance learning gives you the flexibility to study at home at your own pace. Our extensive global network of examination centres and our special centre policy means you can study and take your examinations anywhere in the world.
Reviews
Average rating 5
After successfully completing a Risk Management Foundation Programme offered by the Lloyd’s Market Association I decided to enhance my knowledge and enrolled in the Internation...
Risk management in financial services is a fast-growing area that has been receiving more and more interest regulators, organisations and the public, so it’s a great area to bui...
Expenses
Course fees are:
- Standard rate: £2,095
- Member rate: £1,895
- Reduced rate: £1,780 (for low GDP countries)
Continuing Studies
Successful graduates become eligible to enrol on the IRM's International Diploma in Enterprise Risk Management, the global choice of qualification with risk professionals and their employers. This post-graduate level qualification has been developed by internationally recognised academics and industry practitioners to provide you with the knowledge and skills to manage risk and maximise opportunities in any organisation.
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IRM - Risk Management Training & Qualifications - Open or Distance Learning
The Institute of Risk Management (IRM) is the leading body for professional Enterprise Risk Management (ERM). We provide globally recognised qualifications and training, publish research and guidance and set professional standards. We are a not-for-profit organisation, with IRM members working in all...
The IRM has helped me get in contact with fellow senior risk professionals who are active in other industries, to exchange ideas and challenges. Furthermore, the IRM Internation...