Professional Training
4.6 (5 Reviews)

International Diploma in Risk Management

1.5 - 3 years
3,495 GBP
Next course start
Enquire for more information See details
Course delivery
Virtual Classroom
1.5 - 3 years
3,495 GBP
Next course start
Enquire for more information See details
Course delivery
Virtual Classroom
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Course description

Revised International Diploma in Risk Management - Distance learning qualification

The International Diploma in Risk Management is a unique postgraduate programme for risk management professionals. The training programme is delivered entirely online and provides essential practical skills that support career progression in the field.

This highly flexible programme allows students to study part-time and at their own pace. Further, the programme is delivered in a modular format, enabling you to achieve the qualification in stages. The programme provides an overview of:

  • risk assessment
  • risk treatment
  • risk, governance & culture
  • crises, resilience and future risks

The ultimate goal is to equip experienced risk practitioners with a set of advanced insights & skills in implementing a risk management strategy, understanding the impact of organisational culture and making sound decisions regarding risk. In addition, they will gain an internationally-recognised qualification and a route to full IRM membership.

Upcoming start dates

1 start date available

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  • Virtual Classroom
  • Online

Suitability - Who should attend?

The International Diploma in Risk Management is suitable for professionals wishing to enhance their career & professional status and/or consolidate their risk management experience by obtaining an internationally-recognised qualification.

They may be risk managers, aspiring risk managers or professionals from risk-related disciplines.


Candidates must have at least one of the following:

  • IRM International Certificate in Risk Management
  • a degree or professional qualification at an equivalent level
  • a relevant professional qualification and at least 3 years' experience

It is not obligatory for delegates to be working in risk management or related professions, but such experience will benefit them during the course of their studies.

No more exams.

Outcome / Qualification etc.

Students who complete the course and are successful in the examination & assessments will be awarded the International Diploma in Risk Management. Successful graduates automatically become Graduate Members (GradIRM).

Training Course Content

The programme is structured as follows:

Certificate Modules

Module one: Principles of risk and risk management

  • The concepts and definitions of risk and risk management
  • Risk management standards
  • Enterprise risk management
  • Risk assessment, identification, analysis and evaluation
  • Risk responses and risk treatment

Module two: Practice of risk management

  • An overview of the global business and risk environment
  • Risk architecture, strategy and protocols
  • Risk culture, appetite and tolerance
  • Risk and organisations, including an introduction to corporate governance, project and operational risk management, and supply chain management
  • Organisational risk management, emerging risks and future developments

Diploma Modules

Module three: Risk assessment

  • Types and sources of risk information
  • Risk identification techniques
  • Risk prioritisation and rating, including qualitative assessment tools and techniques
  • Quantitative risk analysis and risk modelling
  • Presenting and sharing risk assessment information
  • Risk evaluation, problem solving and decision-making

Module four: Risk treatment

  • An introduction to risk treatment, including the risk management cycle
  • Evaluating and selecting risk control mechanisms, including the 'four T's'
  • Identifying, allocating and resourcing risk controls
  • Monitoring, reviewing and reporting on risk controls
  • Risk financing mechanisms
  • Business continuity management, including the key elements of business continuity planning and the difficulties of predicting future risks

Module five: Risk, governance and culture

  • Corporate governance models, risk oversight frameworks, internal control models, compliance, internal audit and assurance
  • Strategic planning and risk management, including the role of the board, audit and risk committees, and the chief risk officer
  • Risk culture, business ethics and organisational change
  • Risk perception and human behaviour
  • Risk management performance, including competencies, training, leadership and conflict management
  • Reputation risk management

Module six: Crises, resilience and future risks

  • The nature and consequences of crises and the drivers for crisis management including business continuity, contingency planning and crisis preparedness
  • Learning lessons from the past, including root cause analysis
  • Building resilience
  • The core attributes of emerging and future risks, tools, techniques and models for predicting future risks
  • Decision making for the future

Course delivery details

Self-directed distance learning
Studying for a professional qualification is a rewarding experience. However, we recognise it can be a challenge when balancing distance-learning study, work and family commitments. To make studying as straightforward as possible, we provide a comprehensive support package. Students will gain access to our online learning platform, the Virtual Learning Environment (VLE) as soon as their application and payment has been processed.

Distance learning gives you the flexibility to study at home at your own pace.

Virtual Learning Environment

The VLE can be accessed from desktops, laptops, tablets and smartphones. It provides students with online access to the student handbook, learning materials and practice questions and the discussion forums.

Students will be provided with a reading list, however, additionally need to purchase core textbooks (available in e-book or hard copy format). The VLE leads the student step by step through the modules and provides activities and quizzes to help master the subject matter.


Average rating 4.6

Based on 5 reviews.
Reviews are published according to our review policy.
Write a review!
Lioba Baltazar Robiso, IRMCert
28 Jan 2019
Lioba Baltazar Robiso, IRMCert: Associate Manager, Risk Management & Quality Assurance, Government Organisation, Dubai

I completed the International Certificate in ERM by IRM in 2016 and in the process of completing my IRM Risk Diploma. These qualifications are perfect and highly relevant to my ...

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Sabina Mohammed GradIRM, Risk Manager, MSIG Insurance
17 Dec 2018

I completed the IRM diploma last year (2017), I decided to continue with IRM through all stages because of the course structure. IRM started with the basic understanding of risk...

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Jemma Boyce, GradIRM; Risk & Reporting Manager for Capital Projects, London City Airport
17 Dec 2018

I have learned a lot from taking the Diploma. I gained exposure to the wider view of risk management and other industries, which further cemented my view that we can cross indus...

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The cost of this qualification is £975 per module pay-as-you go or £3495.

Low GDP countries £830 per module and £2970.

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Institute of Risk Management
2nd Floor, Sackville House
143 - 149 Fenchurch Street
EC3M 6BN London

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...

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