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Level 5 - International Certificate in Financial Services Risk Management
OFQUAL Regulated from Sept 2023
Become an IRMCert:
Learn Online | 2 Modules | 6-9 Months | 180 hour per module
I'm ready to enrol » View full course syllabus »
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Accountancy | Auditing | Banking | Insurance | Investments | Lending | Payments | Regulatory | Technology |
The Level 5 International Certificate in Financial Services Risk Management is the ideal qualification for anyone in the financial services sector looking to gain a solid foundation in the theory and practice of effective risk management.
In today's uncertain climate and rapidly evolving risk landscape, financial services companies are facing increasing pressure to have the capabilities to stay up-to-date and meet international regulatory developments such as Basel III and Solvency II.
Improve your career prospects by being at the forefront of your organisation's efforts to manage and mitigate risks during uncertain times. You will develop the skills to identify, classify, analyse, and treat financial services risks.
What will I learn?
We will provide you with the expertise and practical skills to enhance your earning potential. This globally recognised certification will help you better understand the multi-disciplinary nature of risk management within a financial services organisation. You will gain the know-how to examine how corporate governance and risk assurance might influence risk architecture.
Over 6-9 months, you will study:
Module One: Principles of Risk and Risk ManagementGet an introduction to the principles and concepts of risk and risk management and its development through Enterprise Risk Management using international best practices. Learn why risk management principles and frameworks are the foundation of effective risk management implementation. Assessment: |
Module overview:
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Module Two: Financial Services Risk ManagementThis module examines the financial services risks and risk management particular to the banking and insurance sectors. It examines international regulatory standards that governs this sector. The module moves on to exploring financial and operational risks as well as resilience to ensure banks and insurance business viability and continuity. Finally the module explores how banks and insurance businesses achieve the desired aspects of sustainability. |
Module overview
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What our students from around the world say:
Should you study for the International Certificate in Financial Services Risk Management?
The International Certificate in Financial Services Risk Management is a globally recognised professional certificate awarded by the IRM. Whether you are looking to get grips with the general risk assessment considerations and techniques used in financial services, this is the ideal qualification for you.
You can learn from anywhere in the world at your own pace via supported distance learning, which includes self-directed study and online coaching.
By enrolling you will:
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| Qualify in 6-9 months |
Study via online distance learning |
Get support from module coaches |
Take multiple-choice exams |
Risk management is an inherent part of good management. By developing your expertise through studying our certificate, you will be equipped with the right skill-set to face.
Put your financial services risk knowledge to the test:
Do you know: What was the primary reason Lehman Brothers failed? Which Pillar of Basel III/Solvency II are banks and insurance companies required to disclose details of capital requirements?
Test your knowledge of financial services risk with our free quiz.
By studying this certificate, you will be able to:
- Recognise the origins and fundamental concepts relating to financial services risk management
- Understand the regulatory context for risk management in financial services
- Identify and classify the main sources of risk within banks and insurers
- Compare and contrast the main risk management standards and regulations
- Apply the concepts of ERM within the financial services sector
- Examine and use the main approaches to risk identification, analysis and evaluation
- Distinguish the main features of financial services risk control techniques
- Learn how the wider business environment impacts financial services risk management across regions
- Illustrate the key features and applications of a risk management framework
- Explain the significance of culture, appetite and tolerance, as well as the key features of corporate governance models, project risk and operational management systems
- Analyse real-life case studies (including the 2008 financial crisis) and identify key lessons.
Why the IRM?
IRM is the leading global provider of education and training for risk professionals, enabling and empowering you to make better-informed risk decisions. The institute prepares risk management professionals for the challenges of today and the opportunities of the future.
Our internationally recognised online professional qualifications advance those working at risk throughout their careers, with employers across the globe actively looking to hire IRM-qualified risk professionals.
Benefit from our 30 years of experience to supercharge your career and to:
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| Increase your earning potential |
Gain international recognition |
Improve your career prospects |
Gain more confidence in your role |
How much does it cost?
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International Certificate in Financial Services Risk Management |
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* To qualify for Low GDP fees, you must live and work in a Low GDP country. Group enrolmentsDiscounted rates are available for groups of 10 or more employees enrolling for the same session from the same organisation. For further details, please contact our Business Development Manager - Joanna Kraska via email joanna.kraska@theirm.org. |
What is included in the fees?
To support the self-directed study of the International Certificate in Financial Services Risk Management, you will receive access to:
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| Online learning environment | Student handbook | Discussion forum | Module coaches |
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| Revision webinars | Sample exam questions | Online resource centre | Dedicated student support team |
Please note: Core textbooks for this qualification are not included in the course fees and need to be purchased separately.
Key Dates
December 2024 Assessment Timetable
| Date | Activity |
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| 01 Feb 2024 | Enrolment opens |
| 31 May 2024 | Enrolments close |
| 18 Nov - 22 Nov 2024 | Principles of Risk and Risk Management (1) - MCQ exam* |
| 06 Dec 2024 (12 noon UK time) | Principles of Risk and Risk Management (1) - 1x Module 1 assignment** |
| 06 Dec 2024 (12 noon UK time) | Practice of Risk Management (2) - 2x Module 2 Assignment** |
June 2024 Assessment Timetable
| Date | Activity |
|---|---|
| 11 Sep 2023 | Enrolment opens |
| 11 Sep 2023 | Access to the virtual learning environment for Module 1 becomes available upon payment |
| 16 Oct 2023 | Access to the virtual learning environment for Module 2 becomes available |
| 31 Dec 2023 | Enrolment closes |
| 10 - 14 Jun 2024 | Principles of Risk and Risk Management (1) - MCQ exam* |
| 28 Jun 2024 (12 noon UK time) | Principles of Risk and Risk Management (1) - 1x Module 1 assignment** |
| 28 Jun 2024 (12 noon UK time) | Financial Services Risk Management (2) - 2x Module 2 Assignment** |
How to enrol
There are no formal entry requirements, and this certificate is relevant to all sectors globally. It is recommended that students have some basic understanding of risk management tools and techniques.
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| Relevant for all sectors |
No formal entry requirements |
Access to 5000+ global test centres |
Student membership |
IRM's qualifications are delivered and assessed in English. If English is not your first language, we recommend you have an Academic IELTS score of 6.0 (with no element less than 5.5) or equivalent evidence of competence in the English language before beginning your studies.
Submit your online enrolment and a member of the student support team will get in touch with you to onboard you to the qualification.
Over 10,000 students from 143 countries from the likes of:
have accelerated their careers with us.
Hear first-hand from past students as they share their experiences at our recent Virtual Student Open Day, which is now on demand.
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