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Exclusive UK Finance Member Discount
Build your team's risk capabilities to strengthen your organisational resilience with the IRM and UK Finance.
Why risk it? Get qualified.
Risk management is an inherent part of good management, and by developing your expertise, you will be equipped with the skills to better manage organisational risks. Both of our International Certificates are regulated/accredited by OFQUAL at L5.
As more organisations look to strengthen their risk capabilities due to international financial regulatory developments, UK Finance has partnered with the Institute of Risk Management (IRM) to offer all members an exclusive 5% discount on all IRM's risk qualifications and training courses.
IRM qualifications cover a range of disciplines from enterprise to financial to digital and operational risk - simply select the qualification to best meet your team's needs.
Enrolments for the June 2024 student cohorts are open now.
Why the IRM?
Improve your company's resilience by developing your team's expertise and capabilities in building, adapting, and implementing best-in-class risk frameworks.
The IRM's internationally recognised online professional qualifications help those working in risk advance throughout their entire careers and qualified IRM professionals are highly sought after by employers across the world.
Increase your earning potential
Gain international
recognition
Improve your career prospects
Gain more confidence in your role
Make sure your team is empowered to make better-informed risk decisions and be prepared to tackle the challenges of today and the opportunities of the future.
What qualifications are available to study?
From the pandemic to cyber threats and supply chain disruptions - risk is part of every business and organisations are looking to develop their internal risk capabilities to strengthen their resilience.
The revised International Certificate in Enterprise Risk Management reflects the new and evolving risk era we are in, ensuring you are up-to-date with the latest risk management best practices and have the capabilities to apply them.
Take this internationally recognised professional certificate to:
- Recognise the origins and understand key risk management concepts
- Compare and contrast the main risk standards such as ISO, COSO and the Orange Book
- Develop effective risk management approaches utilising principles, frameworks and processes
- Identify, analyse, and prioritise risks to align with organisational and strategic objectives
- Illustrate how risk management is a vital tool in ensuring organisational resilience
Financial service companies are under pressure to improve their internal risk capabilities to ensure they meet international regulatory developments such as Basel III and Solvency II.
The International Certificate in Financial Risk Management provides your team with a solid foundation in the theory and practice of effective risk management. It will enable them to develop the skills to identify, classify, analyse, and treat financial services risks.
Study this globally recognised professional certificate to:
- Recognise the origins and fundamental concepts relating to financial services risk management
- Understand financial services risk management regulations including Basel III and Solvency II.
- Identify and classify the main sources of financial risks within banks, insurers and fund/wealth management
- Distinguish the main features of financial services risk control techniques
- Learn how the wider business environment impacts financial services risk management across different regions
New technologies and digital disruption are changing the risk environment posing one of the biggest threats facing modern organisations and introducing new ethical challenges.
Developed in conjunction with the University of Warwick, the Digital Risk Management Certificate helps your team get to grips with the evolving risk management landscape of the digital era and its impact on your organisation.
Take this certificate to:
- Develop a broad understanding of today’s most important digital technological developments
- Understand how digital technology and innovation is impacting organisations and society
- Contribute to identifying, assessing and controlling digital risks throughout your organisation
- Help to apply concepts such as risk appetite, ethics and legal frameworks for the digital era
- Develop a practical risk-based cybersecurity framework that will help you control risks
- Implement a practical cyber risk response that includes risk management systems, compliance and cyber defence frameworks
Operational risk management is a rapidly maturing discipline in today's uncertain, interconnected and increasingly volatile world as organisations take a more agile and dynamic approach to operational risks.
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The IOR's Certificate in Operational Risk Management (CORM) provides your team with an introduction to operational risk management and an understanding of how operational risk fits into an organisation's wider risk management.
Take this professional certificate to:
- Understand the fundamentals of operational risk management and explain the relationship between cause, event and impact
- Gain insights into the nature and role of governance in the management of operational risk
- Differentiate between risk appetite, risk tolerance and risk capacity in relation to operational risk appetite
- Define the objectives and use of data categorisation in the management of operational risk
- Evaluate the advantages and disadvantages of different methods for undertaking risk and control self-assessments
- Examine the nature of scenarios and identify the internal and external factors that may affect your scenario analysis process
How does studying with the IRM work?
Study via online
distance learning
Get support from
module coaches
Take multiple-choice
exam
Submit written
essay assignments*
There are two student cohort and assessment sessions annually, taking place in June and December.
IRM qualification assessments are a mix of computer-based examinations and can be taken at one of our exam providers' Pearson VUE extensive test centres and written essay assignments that demonstrate your ability to apply your learnings to real-life scenarios.
The IRM provides some good qualifications in risk management, and members are from a number of different backgrounds and industries, thus providing a great opportunity to network and speak to like-minded professionals. Simona Fionda, IRMCert
The IRM's International Certificate in Enterprise Risk Management gave me an objective view of risk. I was able to use this understanding to create the necessary buy-in to facilitate change, Skye McGregor, IRMCert
IRM qualifications enable students to learn the tools and techniques required to perform a job in whichever line of defence they may find themselves. Sandra Said, IRMCert
The IRM qualification has really opened my mind up to a broader spectrum of considerations and theories to consider, e.g. opportunity risk is often taken advantage of, but exists daily in our lives. Nigel Green, IRMCert
Who studies IRM qualifications and how to enrol?
There are no formal entry requirements, and our qualifications are relevant to all sectors globally. It is recommended that students have some basic understanding of risk management tools and techniques.
IRM qualifications are globally recognised professional certifications. Your team can study from anywhere in the world at their own pace via supported distance learning through self-directed study and online coaching.
No formal
entry requirements
Gain international
recognition
Relevant for
all sectors
Applicable to all
levels and roles
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.
How much does it cost?
Enrolments for the December 2023 student cohorts open on 6th February 2023.
UK Finance members can get a 5% discount on all IRM qualifications - complete the form and use discount code: UKFIN5.
| Qualification | Duration | Standard Fee | Member Fee | UK Finance Fee* |
| International Certificate in Enterprise Risk Management | 6-9 Months | £2,195 | £1,975 | £2,085 |
| International Certificate in Financial Services Risk Management | 6-9 Months | £2,195 | £1,975 | £1,990 |
| Digital Risk Management Certificate | 6-9 Months | £1,185 | £1,095 | £1,040 |
| Certificate in Operational Risk Management | 6-9 Months | £834 | - | £792.30 |
Group enrolments
Discounted rates are available for groups of 10 or more employees enrolling for the same session from the same organisation.
For further details please click here or contact our Business Development Manager - Joanna Kraska on +44 (0) 20 7709 4117 or email joanna.kraska@theirm.org.
The IRM's student support team are ready and waiting to onboard - simply submit your enrolment form today.
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Are you ready to meet your team's learning and development needs?
Support your team's growth all year round by exploring the IRM's Group Membership scheme.
By joining your organisation will:
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Gain professional recognition for your team
Recognised internationally and across all sectors, being a group member demonstrates your commitment to investing in people and delivering excellence in risk management.
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Demonstrate your commitment to global professionalism
Our code of conduct unites our community and as a member, your organisation is demonstrating your commitment to professional competency and personal integrity.
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Access IRM's interactive training courses at a discounted rate
From the essentials to the boardroom IRM's practical and interactive training courses covers a breadth of topics and cater to all levels taught by expert risk practitioners.